Tesla’s Deliveries in 2023 Jump 38% YoY, Rivian’s 146%, while Ford & GM Are Tangled Up in Anti-EV Revolts by their Dealers by Wolf Richter • Jan 2, 2024 • 114 Comments Tesla has always been willfully lousy in reporting delivery details. Today it made the obfuscation worse.
Status of US Dollar as Global Reserve Currency and USD Exchange Rates: Long, Slow, Uneven Decline Continues by Wolf Richter • Jan 1, 2024 • 104 Comments China’s renminbi keeps losing ground, after initial progress. But the tiny “other” reserve currencies combined are taking share from the USD.
Stock Markets Years & Decades after Huge Bubbles Imploded: China, Hong Kong, Japan, UK, France, Germany, Italy, and Spain by Wolf Richter • Dec 31, 2023 • 146 Comments This cannot possibly happen to US markets because US markets are special?
This Was a Funny Two Years in the Stock & Treasury Markets by Wolf Richter • Dec 29, 2023 • 109 Comments S&P 500 still down from 2 years ago, Nasdaq back to Aug 2021, small caps back to 3 years ago, but the Mag 7 blew out.
Mortgage Rates Dropped a Lot but Clearly Not to the Magic Level. Buyers’ Strike Continues. Issue Is Price by Wolf Richter • Dec 28, 2023 • 182 Comments A similar drop in mortgage rates a year ago to even lower rates didn’t turn up sales volume either – on the contrary.
ECB Balance Sheet QT: -€1.94 Trillion from Peak, down to €6.9 Trillion. Shed 47% of Pandemic QE Assets by Wolf Richter • Dec 28, 2023 • 44 Comments Quantitative tightening powers along in the euro area.
Cleaning Up the SPAC Mess after Consensual Hallucination: Bankruptcies, Imploded Stocks, and Lawsuits. Lots of Cleanup Left to Do by Wolf Richter • Dec 27, 2023 • 103 Comments But it was so much fun while it lasted?
The Most Splendid Housing Bubbles in America, December 2023 Update by Wolf Richter • Dec 26, 2023 • 219 Comments Down from 2022 highs: San Francisco -12%, Seattle -11%, Portland -6%; Denver, Phoenix, Las Vegas -5%; Dallas -4%, San Diego -2%, Los Angeles -1%. But new highs in 8 metros.
QE Giveth, QT Taketh Away: German Home Prices Tank as ECB’s Balance Sheet Drops by €1.85 Trillion by Wolf Richter • Dec 24, 2023 • 82 Comments Biggest home-price drops in the data going back to 2000 triggered by the biggest QT and highest rates in ECB history.
Our Drunken Sailors Started the Holiday Binge, Fueled by Disposable Income that Outran Inflation by a Wide Margin by Wolf Richter • Dec 22, 2023 • 174 Comments Consumers got a break on prices of durable goods, and so they tripled down?
