The Collapse of the EV SPACs: Nikola Joins EV SPAC Bankruptcy Lineup. Here Are Those Already Bankrupt, and Those Not Yet by Wolf Richter • Feb 19, 2025 • 73 Comments The Consensual Hallucination that drove the EV SPAC mania didn’t die with the EV SPACs; it moved on to other stocks.
Auto Debts, Auto-Loan-to-Income Ratio, Serious Delinquencies for Prime & Subprime: Our Drunken Sailors and their Auto Loans by Wolf Richter • Feb 18, 2025 • 61 Comments Subprime, which means “bad credit” and not “low income,” is always in trouble. But it’s only 14% of auto loans. Prime is in pristine condition.
The Most Splendid Housing Bubbles in America, Jan 2025: The Price Drops & Gains in 33 of the Largest Housing Markets by Wolf Richter • Feb 16, 2025 • 119 Comments 21 metros below 2022 highs: Austin, San Francisco, Phoenix, San Antonio, Denver, Sacramento, Dallas-Ft. Worth, Houston, Seattle, Tampa, Atlanta, Portland, Salt Lake, Raleigh, Charlotte, Nashville, Las Vegas, Minneapolis…
Here Come the HELOCs: Mortgages, Housing-Debt-to-Income-Ratio, Serious Delinquencies & Foreclosures in Q4 2024 by Wolf Richter • Feb 15, 2025 • 68 Comments HELOC balances surged, mortgage balances barely budged: More households, more income, more housing debt.
About that Retail Sales Plunge in the Headlines: A Romp through the Massive Seasonal Adjustments this Time of the Year by Wolf Richter • Feb 14, 2025 • 41 Comments Retail sales in January were actually up by 4.8% year-over-year.
Household Debts, Debt-to-Income Ratio, Serious Delinquencies, Collections, Foreclosures, Bankruptcies: Our Drunken Sailors’ Debts in Q4 2024 by Wolf Richter • Feb 13, 2025 • 114 Comments More people, more workers, more income, more debt.
PPI Inflation Accelerates to +3.5% yoy, Worst in 2 Years, Driven by Services amid Massive Up-Revision of Services Inflation by Wolf Richter • Feb 13, 2025 • 95 Comments Inflation is festering and accelerating in services (two-thirds of overall PPI), not in goods.
Beneath the Skin of CPI Inflation: Worst Month-to-Month Acceleration of CPI since Aug 2023, on Spikes in Used Vehicles, Non-Housing Services, Food, Energy by Wolf Richter • Feb 12, 2025 • 100 Comments Inflation has been going in the wrong direction relentlessly month-to-month since June.
Treasury Market’s Inflation Expectations Become “Unanchored” by Wolf Richter • Feb 11, 2025 • 134 Comments Why the Fed vigorously backpedaled on further rate cuts and pivoted to wait-and-see: Long-term interest rates matter.
There Hasn’t Been Much if Any Reduction in WFH in over Two Years, Despite the Hype about RTO by Wolf Richter • Feb 10, 2025 • 174 Comments Hopes that Return to Office will bail out office CRE seem premature: data on office attendance and Working from Home.
