Each Worker’s Slice of After-Inflation-Income Pie Is Shrinking. But No Problem, They Spend Heroically by Wolf Richter • Nov 25, 2021 • 114 Comments A look at per-worker personal income, what’s left of it after inflation.
Fed’s Lowest Lowball Inflation Measure Spikes to Worst-Hottest 31-Year High. Powell Groans and Mutters by Wolf Richter • Nov 24, 2021 • 273 Comments But the Fed has now backed off its ridiculous claims and is taking inflation more seriously.
Best Buy Shares Plunge on Margin Pressures, “Organized Retail Crime”: A Look at Organized Retail Crime in the US and How Ecommerce Turned it into a Big Business by Wolf Richter • Nov 23, 2021 • 209 Comments Stolen goods get sold to law-abiding Americans by third-party vendors on big ecommerce sites that profit from it. Legislation to control it struggles.
Powell & Brainard Suddenly Make Inflation #1 Priority in their Thank-You Statements by Wolf Richter • Nov 22, 2021 • 302 Comments Looks like the start of a U-Turn on inflation. 2-year & 10-year yields jump.
Home Sales Down 5.8% from Year Ago, amid Tight Inventory, “Increasing Affordability Challenges,” and Rising Mortgage Rates by Wolf Richter • Nov 22, 2021 • 121 Comments The phenomenon of a spurt in buying during the early phases of rising mortgage rates – until they reach a magic number.
The WOLF STREET F-150 XLT and Camry LE Price Index, Model Year 2022 Update: This is the Craziest Situation I’ve Ever Seen by Wolf Richter • Nov 20, 2021 • 230 Comments When trucks are advertised at $10,000 over MSRP, what does MSRP even mean? Now throwing shade on my fancy-schmancy proprietary index.
CVS to Close 900 Stores, Convert Others from Retail to Services, as Ecommerce Competitors Gobble up Pharmacy Revenues by Wolf Richter • Nov 19, 2021 • 103 Comments Brick & Mortar Meltdown Continues.
Stock Market Leverage Spikes, Margin Debt Up 42% YoY. Fed Warns about High Leverage Ratio of “Younger Retail Investors” by Wolf Richter • Nov 18, 2021 • 165 Comments “Potentially Destabilizing Outcome could emerge if elevated risk appetite among retail investors retreats rapidly.” But what the heck.
The Most Splendid Housing Bubbles in Canada “Pause” after Bank of Canada Ends QE, Starts Unwinding its Balance Sheet by Wolf Richter • Nov 17, 2021 • 87 Comments Home prices fell in Vancouver, Ottawa, and Montreal; were flat in Toronto, other cities for the first time since 2019.
Massive Price Increases & Overstimulated Demand Fuel Historic Surge in Retail Sales by Wolf Richter • Nov 16, 2021 • 154 Comments Money-printing hits home. Charts by retailer category.
