Employers Forced to Raise Wages by Most in at Least 20 Years: Whole Power Balance Has Changed by Wolf Richter • Oct 29, 2021 • 126 Comments Margin pressures from surging labor costs for the first time in two decades.
Fed’s Assets from Crisis to Crisis to Raging Inflation: Balance Sheet Update by Wolf Richter • Oct 28, 2021 • 125 Comments Assets at $8.6 trillion. QE faces Tapering. Already gone: Swaps, repos, corporate bonds, bond ETFs, corporate paper, money market bailouts.
Hit by Shortages, Vehicle & Parts Production Plunged to Lowest since Lockdown. Oil & Gas Has New Script by Wolf Richter • Oct 18, 2021 • 141 Comments Industrial production over the long term is a sad sight, powered by offshoring.
Not Getting Better: Relentless Retail Inventory Squeeze amid Shortages & Supply Chain Chaos by Wolf Richter • Oct 16, 2021 • 167 Comments Holiday selling season is going to be a mess: Look not for what you want but for what the store has.
The Amazing Explosion of New Businesses Continues as Americans Strike Out on their Own by Wolf Richter • Oct 14, 2021 • 136 Comments And my 2 cents about the high “failure rates” of new businesses, being a small-business owner myself.
My “Wealth Effect Monitor” for the Money-Printer Economy: Holy Moly, October Update by Wolf Richter • Oct 2, 2021 • 254 Comments The bottom 50% need not apply. They just get to eat the soaring costs of housing. How the Fed totally blew out the already gigantic wealth disparity during the pandemic.
Incomes Got Chewed Up by Inflation. Americans Spent Heroically on Goods, But Not on Services. Eviction Moratoriums & Forbearance Implicated by Wolf Richter • Oct 1, 2021 • 144 Comments Millions of people didn’t spend on two big services: rent & interest. How spending got skewed in bizarre ways.
US Dollar Status as Dominant “Global Reserve Currency” amid Reckless QE & Government Deficits by Wolf Richter • Sep 30, 2021 • 123 Comments The decline of Dollar Hegemony. But other options are also shaky.
“Transitory” is the New Spandex: Powell Admits it, Still Denies its Cause. Why this Inflation Won’t Go Away on its Own by Wolf Richter • Sep 29, 2021 • 206 Comments Blames tangled-up supply chains but not what’s causing supply chains to get tangled up: The most grotesquely overstimulated economy ever.
When Fed Doves Get Hawkish… Balance Sheet Runoff Should Start at End of Taper, First Half 2022: Bullard by Wolf Richter • Sep 28, 2021 • 114 Comments “Inflation could be a lot more persistent than we had hoped.”
