Waiting for the Promised Recession: Economic Growth even Stronger than Feared, Treasury Yields Spike - WOLF STREET wolfstreet.com Submitted by wolfstreet6369 on June 29, 2023 at 6:21 PM in business No comments 8
Honey, the Dollar’s Collapsing Again: USD against Yen, Euro, Peso, Other Currencies amid Inflation, Rate Hikes, and QT (or Lack Thereof) - WOLF STREET wolfstreet.com Submitted by wolfstreet6369 on July 15, 2023 at 2:44 AM in business No comments 1
Treasury Market Comes Out of Denial, Grapples with “Higher-for-Longer,” QT, Flood of New Issuance. Long-Term Yields Jump - WOLF STREET wolfstreet.com Submitted by wolfstreet6369 on July 9, 2023 at 1:08 AM in business No comments 29
US National Debt Spiked by $851 billion in One Month, to $32.3 Trillion. Flood of New Debt Coming in Q3 to Refill the TGA, Pay for Raging Deficits - WOLF STREET wolfstreet.com Submitted by wolfstreet6369 on July 3, 2023 at 1:43 AM in business No comments 58
Entire Housing Market, Buyers and Sellers, May Have Shrunk by 20% to 25% because of the 3% Mortgages - WOLF STREET wolfstreet.com Submitted by wolfstreet6369 on July 21, 2023 at 8:56 PM in business No comments 50
Fed’s Favored Inflation Index, “Core PCE,” Stuck near 4.6% for Sixth Month, “Core Services” Stuck Near 38-Year High of 5.4% - WOLF STREET wolfstreet.com Submitted by wolfstreet6369 on June 30, 2023 at 5:15 PM in business No comments 15
Ten-Year Treasury Yield Hits 15-Year High, Market Wades out of Denial, Sees “Higher-for-Longer,” Tsunami of Issuance, QT - WOLF STREET wolfstreet.com Submitted by wolfstreet6369 on August 17, 2023 at 1:57 AM in business No comments 32
UK Services Inflation Spikes to 40-Year High. A Global Phenomenon: All Heck Has Broken Loose in Services - WOLF STREET wolfstreet.com Submitted by wolfstreet6369 on August 16, 2023 at 8:31 PM in business No comments 54
Home Sales Plunge Further as Demand Vanished at these Prices. Even Cash Buyers Pull Back. Supply Keeps Rising - WOLF STREET wolfstreet.com Submitted by wolfstreet6369 on August 22, 2023 at 5:18 PM in business No comments 60
My Favorite Recession Indicator: The Next Recession Moves Further out of Sight - WOLF STREET wolfstreet.com Submitted by wolfstreet6369 on September 7, 2023 at 5:02 PM in business No comments 33
Fed’s Balance Sheet Liabilities: RRPs Plunge, Reserves Rise after Bank Panic, Currency in Circulation Dips after Pandemic Spike, TGA Gets Refilled - WOLF STREET wolfstreet.com Submitted by wolfstreet6369 on September 17, 2023 at 1:08 AM in business No comments 26
In Very “Hawkish Hold,” Fed Keeps Rates at 5.50% Top of Range, Sees One More Hike in 2023, Only Two Rate Cuts in 2024, to 5.25%. QT Continues - WOLF STREET wolfstreet.com Submitted by wolfstreet6369 on September 20, 2023 at 6:49 PM in business No comments 34
Demand for Existing Homes Falters Further. Price Cuts, Days on Market, New Listings Rise. Prices Languish below 2022 Peak - WOLF STREET wolfstreet.com Submitted by wolfstreet6369 on September 21, 2023 at 6:39 PM in business No comments 60
PCE Inflation Index Revised Higher Going Back 2 Years. “Core Services” PCE Price Index Was Much Hotter - WOLF STREET wolfstreet.com Submitted by wolfstreet6369 on September 30, 2023 at 8:42 PM in business No comments 2
New Vehicle Sales +20% in Q3 YoY. Pent-Up Demand Comes Home to Roost. Our Drunken Sailors in No Mood for a Recession - WOLF STREET wolfstreet.com Submitted by wolfstreet6369 on October 6, 2023 at 3:42 AM in business No comments 37
Powell’s Gonna Have a Cow When He Sees the PCE Inflation in “Core Services,” Housing, and Non-Housing Core Services - WOLF STREET wolfstreet.com Submitted by wolfstreet6369 on October 29, 2023 at 4:23 AM in business No comments 57
Tsunami of Treasury Issuance Will Shift from Longer-Term Debt to Short-Term T-Bills & 2-Year Notes amid Intense Navel-Gazing about Spiking 10-Year Yield. - WOLF STREET wolfstreet.com Submitted by wolfstreet6369 on November 3, 2023 at 2:11 AM in business No comments 13
Fed Balance Sheet QT: -$1.1 Trillion from Peak, to $7.87 Trillion, Lowest since May 2021. - WOLF STREET wolfstreet.com Submitted by wolfstreet6369 on November 4, 2023 at 2:14 AM in business No comments 59
Anything Unusual in the Drop of the 10-year Treasury Yield? Despite the Hype & Hoopla, it Hasn’t Done Anything Special - WOLF STREET wolfstreet.com Submitted by wolfstreet6369 on November 4, 2023 at 9:13 AM in business No comments 47
Which Industries Lost Jobs, Which Gained Jobs? Longer-Term Employment Trends in Charts by Segment - WOLF STREET wolfstreet.com Submitted by wolfstreet6369 on November 5, 2023 at 3:05 AM in business No comments 32
Biggest IPO Stocks of 2023 Turn Ugly, Some Dropped over 40% from Peak Already - WOLF STREET wolfstreet.com Submitted by wolfstreet6369 on November 11, 2023 at 11:28 AM in business No comments 58
Surging “Mortgage Demand” and “Declining Spending,” Really? Let’s Have a Look at Reality - WOLF STREET wolfstreet.com Submitted by wolfstreet6369 on November 17, 2023 at 4:11 AM in business No comments 35
“Leading Economic Index” Predicts Recession for Early 2024, after Having Predicted a Recession for Late 2022, Early 2023, Mid-2023, and Late 2023 - WOLF STREET wolfstreet.com Submitted by wolfstreet6369 on November 22, 2023 at 5:20 AM in business No comments 11
Oh Deary, No, Our Drunken Sailors Did Not Suddenly Sober Up, on the Contrary - WOLF STREET wolfstreet.com Submitted by wolfstreet6369 on December 2, 2023 at 8:52 PM in business No comments 13
“Unrealized Losses” on Securities Held by Banks Jump by 22% to $684 Billion in Q3, Oh Lordy - WOLF STREET wolfstreet.com Submitted by wolfstreet6369 on December 1, 2023 at 12:47 PM in business No comments 34
Beneath the Skin of the PCE Price Index: Inflation in Services - WOLF STREET wolfstreet.com Submitted by wolfstreet6369 on December 1, 2023 at 10:25 PM in business No comments 1
“We Need a Recession…” But it’s Just Not Happening - WOLF STREET wolfstreet.com Submitted by wolfstreet6369 on December 8, 2023 at 3:01 AM in business No comments 31
Mortgage Rates Dropped a Lot but Clearly Not to the Magic Level. Buyers’ Strike Continues. Issue Is Price - WOLF STREET wolfstreet.com Submitted by wolfstreet6369 on December 30, 2023 at 6:41 AM in business No comments 22
Our Drunken Sailors Go Splurging Online, at Auto Dealers, and Massively at Bars & Restaurants (YOLO) - WOLF STREET wolfstreet.com Submitted by wolfstreet6369 on December 16, 2023 at 9:49 AM in business No comments 55
Here Come the New Listings of Existing Homes, Prices Drop Further, Demand Remains at Collapsed Levels - WOLF STREET wolfstreet.com Submitted by wolfstreet6369 on December 22, 2023 at 9:20 AM in business No comments 36
Residential Construction Gains Steam, Single-Family Starts Jump, Highest since Spring 2022, Multi-Family Rises from Ashes - WOLF STREET wolfstreet.com Submitted by wolfstreet6369 on December 20, 2023 at 7:32 PM in business No comments 29
The Most Splendid Housing Bubbles in America, December 2023 Update - WOLF STREET wolfstreet.com Submitted by wolfstreet6369 on December 27, 2023 at 6:54 PM in business No comments 10
Job Openings by Industry: From Construction at New Highs to Information where Openings Vanished - WOLF STREET wolfstreet.com Submitted by wolfstreet6369 on January 5, 2024 at 8:48 AM in business No comments 25
Ugly Charts of Auto Sales: GM, Toyota, Ford. Stellantis, oh my, Got Crushed by Hyundai-Kia’s Record Sales. Tesla Has Arrived - WOLF STREET wolfstreet.com Submitted by wolfstreet6369 on January 5, 2024 at 11:58 PM in business No comments 22
Used-Car Wholesale Prices Have Given Up 53% of their Crazy Pandemic Price Spike: Historic Plunge Continued in December - WOLF STREET wolfstreet.com Submitted by wolfstreet6369 on January 10, 2024 at 5:21 AM in business No comments 58
Are Hopes of Lower Mortgage Rates Freezing Up the Market Further? Buyers’ Strike Continues - WOLF STREET wolfstreet.com Submitted by wolfstreet6369 on January 12, 2024 at 5:15 AM in business No comments 11
Amid Collapsed Demand for Existing Homes, Prices Drop Further, Supply Highest for any December since 2018, New Listings Come out of the Woodwork - WOLF STREET wolfstreet.com Submitted by wolfstreet6369 on January 20, 2024 at 9:19 PM in news No comments 43
D.R. Horton Sheds Some Light on the Massive Costs of Mortgage Rate Buydowns as a Hedge Went Awry. Stock Tanks - WOLF STREET wolfstreet.com Submitted by wolfstreet6369 on January 25, 2024 at 2:17 PM in business No comments 23
“Effective Immediately,” Fed Shuts Down Arbitrage Opportunity with the Bank Term Funding Program (BTFP) - WOLF STREET wolfstreet.com Submitted by wolfstreet6369 on January 26, 2024 at 3:36 AM in business No comments 20
Treasury Department Trying Very Hard to Push Down Yields with its Quarterly Refunding Announcements. So We Take a Look - WOLF STREET wolfstreet.com Submitted by wolfstreet6369 on January 31, 2024 at 12:11 AM in business No comments 9
The Most Splendid Housing Bubbles in America, January 2024 Update. Biggest Price Drops from 2022 Peak: San Francisco, Seattle, Portland, Denver, Las Vegas, even San Diego - WOLF STREET wolfstreet.com Submitted by wolfstreet6369 on February 1, 2024 at 5:52 AM in business No comments 51
Here’s my Powell Cocktail, Not Quite in his Own Words - WOLF STREET wolfstreet.com Submitted by wolfstreet6369 on February 2, 2024 at 2:53 AM in business No comments 12
US Office CRE Mess Is Spread Far and Wide across Investors & Banks Globally. US Banks Eat only a Portion of the Losses - WOLF STREET wolfstreet.com Submitted by wolfstreet6369 on February 7, 2024 at 5:45 AM in business No comments 48
Who’s on the Hook for Multifamily CRE Mortgages? #1 Taxpayers, far ahead of #2 Banks - WOLF STREET wolfstreet.com Submitted by wolfstreet6369 on March 19, 2024 at 1:16 PM in business No comments 5
Buffett Invests in T-bills instead of Stocks, Waits for Bad Stuff to Happen, Cash is King at 5%-plus - WOLF STREET wolfstreet.com Submitted by wolfstreet6369 on May 7, 2024 at 8:30 PM in business No comments 8
10-Year Yield Hits 4.40% as Bond Market Begins to Adjust to Higher Forever: Higher Rates and Higher Inflation - WOLF STREET wolfstreet.com Submitted by wolfstreet6369 on April 7, 2024 at 3:52 AM in business No comments 28
Nothing in the Jobs Report Indicates the Fed Should Cut Rates: Labor Market Plugging Along Just Fine despite 5.5% Rates - WOLF STREET wolfstreet.com Submitted by wolfstreet6369 on April 6, 2024 at 8:00 PM in business No comments 5
Who Fell Behind on their Credit Cards: Delinquencies, Balances, Burden, Available Credit, and the “Maxed Out” - WOLF STREET wolfstreet.com Submitted by wolfstreet6369 on May 17, 2024 at 11:43 PM in business No comments 23
The Most Splendid Housing Bubbles in America, April 2024 Update. Biggest Price Drops from 2022 Peak in San Francisco, Seattle, Phoenix, Portland, Denver, Las Vegas, Dallas - WOLF STREET wolfstreet.com Submitted by wolfstreet6369 on May 30, 2024 at 3:26 PM in business No comments 23
Rate-Cut Mania’s 20.7% Spike in French Stock Market Comes Home to Roost - WOLF STREET wolfstreet.com Submitted by wolfstreet6369 on June 16, 2024 at 3:28 PM in business No comments 33