U.S. Factory Construction in a Historic Spike, after Years of Going Nowhere (Amazing, but Can Something Like this Last?) by Wolf Richter • Nov 4, 2023 • 128 Comments And the factory construction announcements continue.
Which Industries Lost Jobs, Which Gained Jobs? Longer-Term Employment Trends in Charts by Segment by Wolf Richter • Nov 3, 2023 • 44 Comments Some are hot, some are very cold.
Fed Balance Sheet QT: -$1.1 Trillion from Peak, to $7.87 Trillion, Lowest since May 2021. by Wolf Richter • Nov 2, 2023 • 85 Comments Fed shed 26.5% of Treasuries it had added during pandemic QE.
Tsunami of Treasury Issuance Will Shift from Longer-Term Debt to Short-Term T-Bills & 2-Year Notes amid Intense Navel-Gazing about Spiking 10-Year Yield. by Wolf Richter • Nov 1, 2023 • 59 Comments The Spiking 10-Year Treasury Yields Apparently Rattled the Government’s Nerves.
Powell’s Gonna Have a Cow When He Sees the PCE Inflation in “Core Services,” Housing, and Non-Housing Core Services by Wolf Richter • Oct 27, 2023 • 218 Comments Hitting all his hot buttons today with the month-to-month PCE price index.
Our Drunken Sailors – Consumers, Governments, Businesses – Have Blast, GDP Spikes in Q3, Powell Seen Tearing out his Hair by Wolf Richter • Oct 26, 2023 • 189 Comments The much-awaited and hoped-for slowdown in the second half turned into a drunken party in Q3.
Prices of New Houses -15% from Peak on High Inventories. Sales Held Up with Lower Prices & Massive Mortgage-Rate Buydowns by Wolf Richter • Oct 25, 2023 • 153 Comments What homebuilder PulteGroup said about mortgage-rate buydowns. Homebuilders have figured out this market, homeowners have not.
Social Security Update: Trust Fund, Income, Outgo, and Deficit in Fiscal 2023 by Wolf Richter • Oct 23, 2023 • 109 Comments Contributions jumped 11.8% (more people working, big pay increases). Outgo jumped 12.0% (more people at retirement age and the 8.7% COLA).
Subprime Auto-Loan Delinquencies Hit Record, Prime Loans Are Pristine, after Easy Money Ends: The High-Risk High-Profit Business of Subprime Auto Lending by Wolf Richter • Oct 22, 2023 • 110 Comments What makes it work: Securitizing subprime auto loans and selling the Asset-Backed Securities to yield-hungry investors.
30-Year Treasury Yield Spikes past 5%, 30-year mortgage rates hit 8%, Mortgage Applications Plunge by Wolf Richter • Oct 18, 2023 • 231 Comments Bond Bloodbath, Housing Market in Deep-Freeze, as delusions fade.
