Boom & Bust Cycles: Construction Starts of Single-Family Houses v. Multifamily Buildings by Wolf Richter • Aug 16, 2022 • 53 Comments Starts: Single-family houses: -18.8% year-over-year; larger multifamily buildings: +15.9%. Here are the long-term trends.
New Vehicle Inventory Dips, Near Record Low. Fuel-Efficient Cars Vanish. But Supply of Full-size Pickups & SUVs Rises, Discounting Sets in to Move the Iron by Wolf Richter • Aug 13, 2022 • 193 Comments Average prices jump relentlessly from record to record.
Housing Bubble Getting Ready to Pop: The Big Boys Leave, Waiting for Reset by Wolf Richter • Aug 11, 2022 • 216 Comments Biggest investors in single-family houses: “We need to be patient and allow the market to reset.”
QT Kicks Off at the ECB: Assets Fell by €91 Billion from Peak by Wolf Richter • Aug 10, 2022 • 94 Comments Raging inflation ends an absurdity.
SoftBank Lost $39 Billion in 6 Months, Wiping Out the Bubble Gains of the Vision Funds Since 2017: Easy Come, Easy Go by Wolf Richter • Aug 8, 2022 • 98 Comments Now trying to avoid “a blow that would be irreversible.”
Trip Back to Reality Starts: Mortgages, HELOCs, Delinquencies, and Foreclosures in Q2 by Wolf Richter • Aug 4, 2022 • 103 Comments Forbearance and pandemic cash run out. But a lot of fun was had by all.
Markets Are “Fighting the Fed” by Wolf Richter • Aug 3, 2022 • 259 Comments One of the most important dictums in finance is this: “Don’t fight the Fed.” And this could get ugly.
Nope, Auto-Loan Delinquencies and Repos Are Not “Exploding”: They Rose from Record Lows and Are Still Historically Low by Wolf Richter • Aug 2, 2022 • 68 Comments The balance of loans & leases outstanding rose on much higher vehicle prices but much lower sales volume.
SPAC Zombie Mergers: Nikola, Whose Shares Collapsed 92%, Buys Battery-Pack Maker Romeo whose Shares Collapsed 98% by Wolf Richter • Aug 1, 2022 • 94 Comments Romeo, battery-pack supplier to Nikola, reached the end of its runway. Nikola, which reported $0 revenues from truck sales, is desperately trying to raise cash.
US Dollar Exchange Rates and Inflation: What’s Next? by Wolf Richter • Jul 14, 2022 • 127 Comments The USD had a heck of a ride, which kept inflation from spiking even further. But it may not last much longer.
