That Q1 GDP Drop Was a Freak Event that’ll Get Unwound in Q2 by Wolf Richter • May 15, 2022 • 172 Comments In details and charts.
Signs of a Downshift in the Freight Cycle, Trucking, and Demand by Wolf Richter • May 12, 2022 • 56 Comments Amid constraints, shortages, and spiking diesel prices, freight volume slows, capacity opens up, freight rates may have peaked.
Complexities of a Messed-Up Labor Market: Why a Crackdown on Inflation Might Bring People Back into the Labor Force by Wolf Richter • May 6, 2022 • 129 Comments Wages Surged, But Raging Inflation Crushed the Purchasing Power of those Wages.
Powell Confident in “Softish Landing” for the Economy, But We May Keep Inflation. Markets Can Figure Out their Own Landing by Wolf Richter • May 4, 2022 • 364 Comments Most Reckless Fed Ever on the move finally, biggest rate hike since 2000, QT next, but too little too late.
A Recession Might Just Eat Some of the 11.5 Million Job Openings, Labor Shortages, Other Shortages, and Not Create Much Unemployment by Wolf Richter • May 3, 2022 • 200 Comments A soft landing, cushioned by excesses, for an economy that has gone nuts.
Dear Readers, Please Donate to Support WOLF STREET: Spring Reminder by Wolf Richter • Apr 24, 2022 • 65 Comments I love what I’m doing, and your donations are hugely important.
Tightening Comes Even to Ridiculous ECB Sooner, Faster as Seven EU Countries Hit by 10%-16% Inflation, Four by over 9% by Wolf Richter • Apr 22, 2022 • 133 Comments The ECB created the greatest corporate bond bubble ever. Now junk bonds get crushed, yields already doubled, set to double again, and again, cleansing out the zombies.
Peak Balance Sheet: Fed’s Assets Dip to Level of 5 Weeks Ago. End of QE, End of an Era by Wolf Richter • Apr 21, 2022 • 249 Comments Markets already started to kiss that easy money goodbye.
As Mortgage Rates Begin to Bite, Home Sales Fall to Lowest since June 2020, Supply Rises for Second Month by Wolf Richter • Apr 20, 2022 • 108 Comments But wait… Haven’t seen anything yet. Impact of today’s holy-moly mortgage rates won’t show up in the sales data for a couple of months. Here’s why.
A “Housing Shortage” amid a Building Boom that Outruns Household Growth? by Wolf Richter • Apr 19, 2022 • 194 Comments Something Has to Give.
