Services Inflation for Japanese Businesses Spikes by Most since 1991, Bank of Japan Gets Lots of Rate-Hike Ammo by Wolf Richter • May 28, 2024 • 40 Comments Huge month-to-month jumps for second month in a row as businesses jack up their prices for new fiscal year.
Bank of England to Sell All Remaining Bonds and Use Repos Instead to Manage Liquidity & Financial Stability by Wolf Richter • May 25, 2024 • 117 Comments Back to the future: With repos, not QE, is how central banks handled issues before 2008. The Fed also revived tools to go back into that direction.
Dear Readers, Please Donate to WOLF STREET: Spring 2024 Reminder by Wolf Richter • May 19, 2024 • 55 Comments Thanks to your generous support, WOLF STREET has been free and open to all, not hidden behind a paywall.
Subprime Auto Loans Are Getting Messy by Wolf Richter • May 18, 2024 • 69 Comments Huge profits in subprime caused specialized dealers/lenders to take big risks, which came home to roost. But prime auto loans are in pristine shape
As Rest of Retail Stagnates, Ecommerce is Hot. And what Walmart Said about this Phenomenon by Wolf Richter • May 17, 2024 • 105 Comments Walmart US online sales +22%. It credits “convenience” of ecommerce for its success in attracting higher income customers.
Who Fell Behind on their Credit Cards: Delinquencies, Balances, Burden, Available Credit, and the “Maxed Out” by Wolf Richter • May 16, 2024 • 99 Comments Only 18% of credit-card holders maxed out their cards, less than before the pandemic, but fell behind at a higher rate.
Beneath the Skin of CPI Inflation, April: After Some Zigs, a Zag. But 6-Month Core CPI Hits 4.0%, 6-Month Core Services CPI Hits 6.0%, Both Highest since mid-2023 by Wolf Richter • May 15, 2024 • 118 Comments Month-to-month data is volatile. We’ll look at the trends.
Here Come the HELOCs in Household Debt: Mortgages, Delinquencies, and Foreclosures by Wolf Richter • May 15, 2024 • 116 Comments If residential mortgages get messy, banks are largely off the hook this time.
Junk-Bond Issuance Nearly Doubles YTD, amid Feverish Demand in La-la-Land and Ultra-Loose Financial Conditions by Wolf Richter • May 10, 2024 • 104 Comments Companies, seeing Higher-for-Longer, take advantage of it to lock in historically narrow spreads and still low yields.
Our Favorite Recession Indicator: Next Recession Keeps Moving Further Out by Wolf Richter • May 9, 2024 • 181 Comments It’s time again to look at the trends in claims for unemployment insurance benefits.
