Job Growth Back to Normal Pre-Covid Pace, Wage Growth Still Higher: Longer-Term Employment Trends by Industry by Wolf Richter • Jul 5, 2024 • 50 Comments Huge undercount of immigrants since 2022 messes up employment data in the household survey.
What’s the Cost of Mortgage-Rate Buydowns and Other Incentives to Homebuilders? Lennar Discloses the Numbers by Wolf Richter • Jul 4, 2024 • 82 Comments And they’re big. That assumes their hedges don’t blow up, but that’s precisely what hit D.R. Horton.
New Vehicle Sales, Q2: EVs Surge YoY, Except Tesla. Stellantis Drops to #6 for First Time, behind Honda. GM & Ford ICE Vehicles Dip YoY, but their EVs Spike. Prices Drop by Wolf Richter • Jul 3, 2024 • 82 Comments The CDK cyberattack wreaked havoc on processing and reporting deliveries by nearly 15,000 dealers.
It Gets Still Messier with CRE Loans, Bottom Not in Sight: CMBS Delinquencies for Office, Retail, Lodging Lead the Parade by Wolf Richter • Jul 2, 2024 • 86 Comments So let’s extend and pretend, please? But industrial still in pristine condition, multifamily limping along.
Inflation Saga Far from Over: Services CPI in the Euro Area Refuses to Slow for 8th Month in a Row by Wolf Richter • Jul 2, 2024 • 66 Comments Lagarde frets over surging labor costs feeding into services inflation.
Another of Our Imploded Stocks Ends in Bankruptcy: Chicken Soup for the Soul Entertainment, 2 Years after its Infamous Redbox Acquisition by Wolf Richter • Jul 1, 2024 • 62 Comments Don’t buy anything from a PE firm after Consensual Hallucination runs out?
Status of US Dollar as Global Reserve Currency: Central Banks Diversify from USD-Assets to Other Currencies and to Gold by Wolf Richter • Jun 29, 2024 • 132 Comments Long, slow erosion of the US dollar’s dominance. China’s renminbi keeps losing ground, many other currencies gain, as does gold.
Our Drunken Sailors Leaving the Party? Nah, Not Yet: Incomes, Transfer Receipts, Spending, Saving, and Inflation by Wolf Richter • Jun 28, 2024 • 126 Comments After getting whacked by inflation, incomes have now outrun inflation for the 17th month in a row.
Fed’s Wait-and-See on Rate Cuts Makes Sense amid Whiplash Data: Still Worst 6-Month “Core” PCE Inflation since mid-2023 but Freak Plunge in Durable Goods by Wolf Richter • Jun 28, 2024 • 65 Comments Housing inflation was hot and accelerated in May, amid crazy whiplash-data in other services.
Corporate Profits by Major Industry, Q1 Update: “Greedflation” Hits Ceiling in Some Industries but Still Thrives in Others? by Wolf Richter • Jun 27, 2024 • 46 Comments The huge spike in profits during the high-inflation years backtracked in some industries but got even hotter in others.
