Average Miles Driven per Vehicle Drop to 1992 Level: Automakers Not Amused by Wolf Richter • Jun 29, 2019 • 87 Comments They’re engaged in a highly competitive, saturated market, dominated by finicky Americans who demand top quality, but who drive their vehicles less.
Markets Might Hafta Grapple with “Patient”: Fed Rate Cut in July After This Inflation? by Wolf Richter • Jun 28, 2019 • 64 Comments The inflation index the Fed anointed as its yardstick booked two big jumps in a row: May near the top of the range since 2010; April, third largest jump since 2010.
Average Age of Vehicles Sets Record, New-Vehicle Sales Drop to Where They Were 20 Years Ago. What Are Automakers Doing? by Wolf Richter • Jun 27, 2019 • 109 Comments Part of Carmageddon, But Consumers Demand It
THE WOLF STREET REPORT by Wolf Richter • Jun 16, 2019 • 47 Comments Normal Americans, the Existential Threat for Retailers.
Inspired by Deutsche Bank Death Spiral, European Banks Sink to Dec 24, 2018 Level – First Seen in 1995 by Wolf Richter • Jun 15, 2019 • 73 Comments The benefit of NIRP: There’s hell to pay – even the ECB admits it.
The State of the Canadian Debt Slaves, and How They Compare to the American Debt Slaves by Wolf Richter • Jun 13, 2019 • 107 Comments This, despite still ultra-low interest rates and highest disposable income ever.
“The Market is Almost Always Wrong About What the Fed Will Do”: Chart by Wolf Richter • Jun 11, 2019 • 84 Comments The rate cuts for 2019 are a pipe-dream: Goldman Sachs and Deutsche Bank.
Used-Car Wholesale Prices Surge, Retail Volume Drops. New Cars Sink Deeper into Carmageddon by Wolf Richter • Jun 8, 2019 • 90 Comments Six charts on the used-vehicle market, plus my “Chart of Carmageddon” for new vehicles.
Fed Balance Sheet Drops by $42 Billion in May, Sheds MBS at Fastest Pace, Starts the Reverse of Operation Twist by Wolf Richter • Jun 6, 2019 • 56 Comments But where the heck is the “U-Turn?”
Here’s My Prediction: If the Fed Doesn’t Cut Rates 3 or 4 Times by Dec 11, Markets Are Going to Crap by Wolf Richter • Jun 6, 2019 • 95 Comments Stock market and corporate bond market are in la-la-land, pricing in an economic boom. They’re not seeing a rate-cut economy. So why would the Fed?
