“Things Are Not Normal Right Now”: Bank of Canada Hikes by Monster 100 Basis Points, Hits Mortgages. So Might the Fed after US CPI Fiasco by Wolf Richter • Jul 13, 2022 • 214 Comments Blame whatever. Just don’t blame money-printing and interest-rate repression.
It Gets Ugly: Inflation Shifts to Services. Food, Fuel Spike Too. Dollar’s Purchasing Power Swoons. by Wolf Richter • Jul 13, 2022 • 236 Comments Oh dearie, the Fed is going to meet in late July, and it’s going to talk about services inflation.
Fed’s QT Kicks Off: Total Assets Drop by $74 Billion from Peak, New Era Begins by Wolf Richter • Jul 7, 2022 • 245 Comments QE creates money. QT does the opposite: it destroys money.
Can the Government Even Pay the Rising Interest Expense on its Gigantic Debt as the Fed Pushes up Rates? Yes. Here’s Why by Wolf Richter • Jun 27, 2022 • 282 Comments Higher rates eventually enforce a sort of discipline on the drunken party in government and even in the private sector. That would be a good thing.
Average Transaction Price for New Vehicles Hits Record $45,844 in June, as Consumer Still Pay No-Matter-What, amid Inventory Shortages, Record Per-Unit Gross Profits at Dealers by Wolf Richter • Jun 26, 2022 • 229 Comments And despite the surge in interest rates for auto loans.
What’s Behind the Collapse of so Many Stocks since Feb 2021? by Wolf Richter • Jun 23, 2022 • 201 Comments This crash beneath the surface showed something had broken, that the magic had died, that hype and hoopla were suddenly unable to carry the day (transcript).
New Vehicle Inventory, Stuck Near Record Lows, Gets Worse as Buyers Shift from Trucks to Economical Cars, which Vanish by Wolf Richter • Jun 17, 2022 • 215 Comments Average price jumps by $5,000 from year ago, to $45,495.
First EV SPAC Announces its Stock Will Go to Zero and Die by Wolf Richter • Jun 13, 2022 • 95 Comments From SPAC merger to Chapter 7 bankruptcy in 12 months. That was fast! Congratulations on the speed and on being first!
False Hopes of Peak CPI Inflation: Prices of Services, Housing, Food, Fuel Spike. Dollar’s Purchasing Power Goes WHOOSH. by Wolf Richter • Jun 10, 2022 • 394 Comments The Fed is going to have a field day with its rate hikes.
Dotcom Bust 2, New & Improved by Wolf Richter • Jun 9, 2022 • 173 Comments But we’ve had it so good for so long. And it was so easy, and it made everyone look like a genius.
