In the South, Pending Home Sales Plunge to Record Low, just as Inventories in Florida & Texas Balloon. Push US Pending Sales to Record Low by Wolf Richter • Feb 27, 2025 • 168 Comments In the West, Midwest, and Northeast, sales hobbled along near record-lows. Housing demand got shot in January. Prices are way too high.
Demand for Electricity Takes Off. US Power Generation by Source in 2024: Natural Gas, Coal, Nuclear, Wind, Hydro, Solar, Geothermal, Biomass, Petroleum by Wolf Richter • Feb 27, 2025 • 112 Comments Amid surging demand from data centers (AI, cloud, crypto) and increasing share of EVs.
FDIC Ends Disclosing Total Assets of Banks on “Problem Bank List,” as Disclosure Might Suddenly Trigger a “Disorderly Run” by Wolf Richter • Feb 26, 2025 • 96 Comments Are disclosures of “unrealized losses” on bank balance sheets next?
Future of the Fed’s Balance Sheet: Fed’s Logan on How Assets Might Shift from Longer-Term Securities to Short-Term T-Bills, Repos, and Loans after QT Ends. MBS Entirely Off the List by Wolf Richter • Feb 25, 2025 • 53 Comments This would be like a reverse Operation Twist.
Buyers Strike Crushes Green Shoots of Demand for Existing Homes, amid Surging Supply, Active Listings & Days on Market by Wolf Richter • Feb 21, 2025 • 86 Comments Demand destruction because prices are too high after the 50% price explosion during the pandemic.
Our Drunken Sailors and their Credit Cards: Delinquencies, Balances, Burden, and Available Credit in Q4 2024 by Wolf Richter • Feb 19, 2025 • 39 Comments More people, more workers, higher incomes, more spending. Banks eager to lend at high rates and collect swipe fees.
The Collapse of the EV SPACs: Nikola Joins EV SPAC Bankruptcy Lineup. Here Are Those Already Bankrupt, and Those Not Yet by Wolf Richter • Feb 19, 2025 • 73 Comments The Consensual Hallucination that drove the EV SPAC mania didn’t die with the EV SPACs; it moved on to other stocks.
The Most Splendid Housing Bubbles in America, Jan 2025: The Price Drops & Gains in 33 of the Largest Housing Markets by Wolf Richter • Feb 16, 2025 • 119 Comments 21 metros below 2022 highs: Austin, San Francisco, Phoenix, San Antonio, Denver, Sacramento, Dallas-Ft. Worth, Houston, Seattle, Tampa, Atlanta, Portland, Salt Lake, Raleigh, Charlotte, Nashville, Las Vegas, Minneapolis…
Household Debts, Debt-to-Income Ratio, Serious Delinquencies, Collections, Foreclosures, Bankruptcies: Our Drunken Sailors’ Debts in Q4 2024 by Wolf Richter • Feb 13, 2025 • 114 Comments More people, more workers, more income, more debt.
Beneath the Skin of CPI Inflation: Worst Month-to-Month Acceleration of CPI since Aug 2023, on Spikes in Used Vehicles, Non-Housing Services, Food, Energy by Wolf Richter • Feb 12, 2025 • 100 Comments Inflation has been going in the wrong direction relentlessly month-to-month since June.
