The Dollar’s Declining Status as Dominant “Global Reserve Currency” v. the Dollar’s Exchange Rate by Wolf Richter • Jul 5, 2021 • 208 Comments Nothing Goes to Heck in a Straight line, not even the dollar’s hegemony.
Anatomy of San Francisco Now: Fewer People, Jobs, Tourists, & Businesses, But More Spending by the Hangers-on (But that Was Inflation) by Wolf Richter • Jun 27, 2021 • 162 Comments The recovery as it were, after everything went to heck but didn’t.
Slowly But Not Surely: Airline Leisure Travelers Coming Back, But Not Business Travelers. International Still Crushed by Wolf Richter • May 17, 2021 • 76 Comments Enormous uncertainty about the structural change in the lucrative business travel segment.
Just Keeps Getting Worse: Services Trade Surplus, the American Dream Not-Come-True, Falls to 9-Year Low, Total Trade Deficit Explodes to Worst Ever by Wolf Richter • May 4, 2021 • 261 Comments The promise of high-value services exports to rationalize globalization turned out to be fake.
Freight Expenses Spike the Most on Record by Wolf Richter • Apr 19, 2021 • 95 Comments But shipment volume, though strong, is not at record levels.
The Power of Stimmies after Decades of Rampant Offshoring: Trade Deficit Hits Worst Ever, Duh by Wolf Richter • Apr 7, 2021 • 251 Comments Imports of goods soared, while the already small services surplus plunged to nine-year low.
Blocked Suez Canal Adding to Container Shortages, Supply Chain Snarls, Component Shortages for Manufacturers by Wolf Richter • Mar 25, 2021 • 182 Comments Exactly at the worst possible time. Ripple effects to be felt for months.
Momentous Change in US Natural Gas with Global Impact as Exports Soar to Huge Record Despite Collapse in the Spring by Wolf Richter • Mar 15, 2021 • 86 Comments Biggest buyers: Mexico, South Korea, Japan, China, Spain, UK. Price spike in February, when Texas froze up, unwound. Asian LNG price spike in January is unwinding.
Long Way to “Normalcy”: When Will Americans Return to Flying for Vacation and Business? by Wolf Richter • Mar 12, 2021 • 147 Comments Airlines, meanwhile, face pent-up demand of the wrong kind.
Consumers Paid Down Credit Cards Again! By Most Ever. But Cash-Out Refis Spiked to Highest since 2005/6 Peaks. What Gives? by Wolf Richter • Mar 5, 2021 • 172 Comments They’re not the same consumers.
