The Most Splendid Housing Bubbles in America, Dec. Update: But Prices Stalled in San Francisco, Boston, Washington by Wolf Richter • Dec 28, 2021 • 196 Comments The raging mania slows. But it’s still a raging mania.
My “Wealth Effect Monitor” & “Wealth Disparity Monitor” for the Fed’s Money-Printer Economy: December Update by Wolf Richter • Dec 27, 2021 • 281 Comments Billionaires got more billions, bottom half of Americans got peanuts and inflation.
Inventories of New Houses for Sale Highest since 2008, Worst Spike in Construction Costs in at Least 50 Years: What the Heck Is Going On? by Wolf Richter • Dec 26, 2021 • 160 Comments A look at massive distortions and massive supply in the pipeline.
Glorious Effects of Money-Printing Bail Out Manhattan Luxury Housing Market in 2021, after it Fell on Hard Times by Wolf Richter • Dec 24, 2021 • 114 Comments “Perhaps the biggest pandemic trend was this: The rich got richer — and they also bought bigger”: Olshan Realty.
Oops, Americans’ Big Pay Increases Got Run Over by Even Bigger Price Increases by Wolf Richter • Dec 23, 2021 • 211 Comments Thank you, hallelujah, for the extra money, finally. But where did it go?
Even Fed’s Lowest Lowball Inflation Measure Spikes Relentlessly: Parallel Isn’t 1982, but 1974, When Powell was in College by Wolf Richter • Dec 23, 2021 • 172 Comments But even the comparison to 1974 fails because back then, the Fed had already pushed short-term rates to 9%. Today: most reckless Fed ever.
End of Easy Money: Global Tightening in Full Swing, While the Fed Promises to Wake Up in Time Next Year by Wolf Richter • Dec 22, 2021 • 213 Comments Central banks jacked up rates to catch up with run-away inflation, but most fell further behind; only Russia caught up. The Fed didn’t even try.
Hot Air Comes Out of Condo Prices, But Not House Prices: Existing Home Sales Update by Wolf Richter • Dec 22, 2021 • 144 Comments Total sales down from a year ago for the 4th month in a row.
Brick-and-Mortar Meltdown Manhattan Style, Year 6: Have Retail-Shop Rents Collapsed Enough Yet? by Wolf Richter • Dec 21, 2021 • 105 Comments In a number of shopping corridors, asking rents collapsed by 50% to 73%, amid a slew of vacant stores. But in one corridor, rents jumped.
Enough of this “Bond-Markets-Don’t-Buy-Hawkish-Fed’s-View” Nonsense: It’s the Fed’s Reckless Interest-Rate Repression by Wolf Richter • Dec 20, 2021 • 240 Comments Bond Markets will buy Hawkish Fed’s views just fine if the Fed stops buying bonds, period, and sells outright its TIPS, MBS, and long-dated Treasuries.
