Services PPI & Core PPI YoY Were Pushed Down by Extreme Base Effect That’ll Flip Next Month for Rest of 2024 by Wolf Richter • Aug 13, 2024 • 109 Comments The whiplash-inducing month-to-month services PPI fell in July after hot readings in prior months. Core goods PPI is well-behaved.
B. Riley Financial Collapses 52% Today, -91% in 2.5 Years since Peak Consensual Hallucination by Wolf Richter • Aug 12, 2024 • 52 Comments It dumped on already puking shareholders a surprise disclosure of huge losses that exceed its capital, amid reports of widening SEC investigation.
Kind of a Funny Week for Stocks, Lots of Drama, Little Change: But Tesla & Nvidia Ended Deeper in the Hole by Wolf Richter • Aug 10, 2024 • 106 Comments Our pantheon of Imploded Stocks is weighing down the Russell 2000 index.
Credit Card “Delinquency Rates” Drop for 4th Month despite Confusion over NY Fed’s “Transition into Delinquency Rates” by Wolf Richter • Aug 9, 2024 • 84 Comments Measuring a level at month-end versus a flow over the past 12 months: Descend with us into delinquency geekdom.
Auto Loans, the Burden of Auto Loans, Subprime Lending, and Delinquencies in Q2 by Wolf Richter • Aug 8, 2024 • 94 Comments Delinquency rates unchanged, more buyers paid cash to dodge interest rates, prime is pristine, subprime (14% of originations) is (always) in trouble.
PE Firm Blackstone’s Epic Pump-n-Dump with Bumble now down to just a Mop-up Operation: Shares -94% since IPO Pop by Wolf Richter • Aug 8, 2024 • 70 Comments Blackstone made over $2 billion (as the public got wiped out), taking advantage of Consensual Hallucination.
Here Come the HELOCs: Mortgages, the Burden of Mortgage Debt, Delinquencies, and Foreclosures in Q2 by Wolf Richter • Aug 7, 2024 • 75 Comments Delinquencies mostly edged down. Foreclosures form a frying pan pattern.
Used Car & Truck Prices Suddenly Bounce, Inventories Tighten: End of Historic Plunge that Pushed CPI Inflation Down? by Wolf Richter • Aug 7, 2024 • 65 Comments That would be a bummer for CPI Inflation over the coming months.
Household Debt, Delinquencies, Collections, and Bankruptcies: Our Drunken Sailors and their Debts in Q2 by Wolf Richter • Aug 6, 2024 • 96 Comments Total debt rose over the years as a larger population financed more costly collateral. But income rose too.
Fed’s ON RRPs Plunge to $292 Billion, -$2 Trillion from Peak, on the Way to Near-Zero, and Nothing Has Blown Up Yet by Wolf Richter • Aug 6, 2024 • 62 Comments QT keeps draining liquidity from the financial markets.
