Five-Digit Layoffs Are Here, the Big Ones We’ve Been Waiting for. But the Laid-Off People Are Scattered around the Globe by Wolf Richter • Nov 15, 2022 • 172 Comments Other companies are licking their chops at finally being able to hire tech workers.
Dear Readers, Please Donate to Support WOLF STREET: Fall 2022 Reminder by Wolf Richter • Nov 13, 2022 • 38 Comments Your donations have become crucial in keeping the site free and open to all. Thank you!!
THE WOLF STREET REPORT: Where’s the Contagion from the Crypto Implosion? by Wolf Richter • Nov 13, 2022 • 208 Comments As the FTX collapse shows, the shenanigans guarantee smooth and efficient contagion inside the crypto zone. But beyond it?
The Swiss National Bank Began Unloading its Biggest US Stock Holdings, incl. Apple, Microsoft, Amazon, Alphabet, Meta by Wolf Richter • Nov 11, 2022 • 154 Comments It still bought Tesla though, which is down by 52%. It took massive losses. And it’s got a bunch of Imploded Stocks.
Status of the Social Security Trust Fund, Income and Outgo: Fiscal 2022 by Wolf Richter • Nov 8, 2022 • 136 Comments Income jumped by $105 billion to a record $1.04 trillion as more people worked and earned higher wages, and contributed more.
The Housing Bubble Popped, and the Fed Can Let it Rip by Wolf Richter • Nov 5, 2022 • 293 Comments Raging inflation knocked out the “Fed put,” and banks are no longer on the hook for mortgages; taxpayers and investors are.
Fed’s Balance Sheet Drops by $289 Billion from Peak: November Update on Quantitative Tightening by Wolf Richter • Nov 3, 2022 • 219 Comments We also keep an eye on Primary Credit and look at the Fed’s deal with the Swiss National Bank.
Wages Soar by 7.7%. But Job Hoppers Boost their Pay by 15.2%, Leveraging this Historically Tight Labor Market by Wolf Richter • Nov 2, 2022 • 109 Comments An indication underlying inflation won’t drop significantly just on its own.
Horror-Show Inflation in Euro Countries: Overall 10.7%, Germany 11.6%, Without Energy 6.9% by Wolf Richter • Oct 31, 2022 • 157 Comments “Defeating inflation is our mantra, our mission, our mandate,” that’s “why we have to raise interest rates”: Lagarde now after years of money-printing.
New-Vehicle Inventory Improves, Still Woefully Low. But Full-size Trucks Pile up. Many Fuel-Efficient Models out of Stock by Wolf Richter • Oct 23, 2022 • 117 Comments By brand & segment: Big incentives or interest-rate buydowns for pickups. But many Kia, Toyota, and Honda models essentially out of stock.
