This crash beneath the surface showed something had broken, that the magic had died, that hype and hoopla were suddenly unable to carry the day (transcript).

Here’s Where the Inventory Shortages Are, and Where Retailers Are Overstocked, by Retailer Category

by Wolf Richter • Jun 22, 2022

It’s still supply-chain chaos for retailers, but different retailers face different kinds of chaos.

Housing Bubble Woes: Supply Jumps, Sales Drop, Median Price Skewed Higher by Shift in Mix as Bottom Falls Out below $500k, amid Holy-Moly Mortgage Rates

by Wolf Richter • Jun 21, 2022

California special: Pending sales collapse by 30%, prices begin to “moderate,” San Francisco condo prices decline year-over-year.