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THE WOLF STREET REPORT: Tech Bust Takes Next Step: Layoffs & Hiring Freezes
THE WOLF STREET REPORT: Tech Bust Takes Next Step: Layoffs & Hiring Freezes Dotcom Bust 2 has begun. Only bigger (you can also download the WOLF STREET REPORT wherever you get your podcasts). Enjoy reading WOLF STREET and want to support it? Using ad blockers â I totally get why â but want to support the […]
Gasoline & Diesel Prices Spike to New WTF Records, But Donât Blame Crude Oil
Gasoline & Diesel Prices Spike to New WTF Records, But Donât Blame Crude Oil Predictions a few weeks ago of peak gasoline prices have been obviated by the inflationary mindset. The average price of all grades of gasoline at the pump spiked to a record $4.33 per gallon on Monday, May 9, the third week in […]
Has Gasoline Price Shock Triggered Demand Destruction Yet? And Where Will Gasoline Prices Go from Here?
Has Gasoline Price Shock Triggered Demand Destruction Yet? And Where Will Gasoline Prices Go from Here? Thereâs some demand destruction. But oil bounced again, gasoline might be next. My guess is a long-drawn-out zigzag higher. Following the dizzying spike in gasoline prices, the question arises when demand destruction will set in, where people start driving […]
Crude Oil WTI Futures Go Bananas, Briefly Spike to $130: And this Is Whatâs Happening at my Gas Station
Crude Oil WTI Futures Go Bananas, Briefly Spike to $130: And this Is Whatâs Happening at my Gas Station Speculators are reacting to other speculators who are reacting to whatever. Sunday night, crude oil WTI futures, as soon as trading started, spiked to $130.50 a barrel, the highest since July 2008. Maybe it was just […]
Even the Fedâs Lowball Inflation Measure Goes WOOSH: Fodder for 50-Basis-Point Rate Hike in March
Even the Fedâs Lowball Inflation Measure Goes WOOSH: Fodder for 50-Basis-Point Rate Hike in March The most reckless Fed ever is still just watching â and fueling â the consequences of 23 months of policy errors as the Inflation Monster gets bigger and bigger. The Fedâs official yardstick for inflation, the âcore PCEâ price index, […]
âThe System Is Brokenâ: Boots-on-the-Ground View by a US Manufacturer on the Supply Chain Chaos
âThe System Is Brokenâ: Boots-on-the-Ground View by a US Manufacturer on the Supply Chain Chaos âWe are simply limited to what our suppliers tell us we can have. It really isnât supposed to work this way!â For what seems like a long time now, Wolf Street has been discussing the apparently never-ending shortages that US […]
The Mayhem Below the Surface of the Stock Market Seeps to the Surface: Now itâs the Giants that Topple
The Mayhem Below the Surface of the Stock Market Seeps to the Surface: Now itâs the Giants that Topple The market finally gets it: The Fed is going to tighten to get a handle on its massive inflation problem. Since February last year, the hottest most hyped stocks, many of them recent IPOs and SPACS, […]
What I See for 2022: Interest Rates, Mortgage Rates, Real Estate, Stocks & Other Assets as Central Banks Face Raging Inflation
What I See for 2022: Interest Rates, Mortgage Rates, Real Estate, Stocks & Other Assets as Central Banks Face Raging Inflation An extra-special cocktail of three powerful ingredients with no cherry on top awaits us in 2022. Super-inflated asset prices such as housing, stocks, and bonds; massive inflation; and central banks that have started to […]
US Dollarâs Status as Dominant âGlobal Reserve Currencyâ at 25-Year Low. And USD Exchange Rates?
US Dollarâs Status as Dominant âGlobal Reserve Currencyâ at 25-Year Low. And USD Exchange Rates? Euroâs 20th birthday after dreams of âDollar Parityâ put on ice during Euro Debt Crisis. Central banks still leery of Chinese renminbi. The global share of US-dollar-denominated exchange reserves declined to 59.15% in the third quarter, from 59.23% in the […]
My âWealth Effect Monitorâ & âWealth Disparity Monitorâ for the Fedâs Money-Printer Economy: December Update
My âWealth Effect Monitorâ & âWealth Disparity Monitorâ for the Fedâs Money-Printer Economy: December Update Billionaires got more billions, bottom half of Americans got peanuts and inflation. My âWealth Effect Monitorâ uses the data that the Fed releases quarterly about the wealth of households. The Fed, after having released the overall data for the third […]
Most Splendid Housing Bubbles in Canada, November Update, after Bank of Canada Ended QE and Put Rate Hikes in Sight
Most Splendid Housing Bubbles in Canada, November Update, after Bank of Canada Ended QE and Put Rate Hikes in Sight Home prices spike in a few cities, âpauseâ in some, drop in others. Vancouver prices are below August levels. In an amazing development for the Canadian housing market where prices have relentlessly exploded higher â […]
Mayhem Beneath the Surface of the Stock Market
Mayhem Beneath the Surface of the Stock Market But on the surface, stocks still look hunky-dory. Itâs amazing how individual stocks, at the tippy-top of the biggest stock market bubble in modern times, are getting taken out the back one by one to be crushed, but without denting the overall indices all that much. The […]
When Will Consumers Balk at Surging Prices?
When Will Consumers Balk at Surging Prices? Thatâs the big question. Looking for signs of widespread push-back but not finding much. Consumers pay whatever. One of the bizarre factors that has driven the current surge in inflation â the worst in 30 years per CPI-U, the worst in 40 years per CPI-W â has been the sudden […]
Fedâs Lowest Lowball Inflation Measure Spikes to Worst-Hottest 31-Year High. Powell Groans and Mutters
Fedâs Lowest Lowball Inflation Measure Spikes to Worst-Hottest 31-Year High. Powell Groans and Mutters But the Fed has now backed off its ridiculous claims and is taking inflation more seriously. The lowest lowball inflation measure that the US government produces, âcore PCE,â which excludes the now soaring food and energy prices and understates inflation by […]
The Most Splendid Housing Bubbles in Canada âPauseâ after Bank of Canada Ends QE, Starts Unwinding its Balance Sheet
The Most Splendid Housing Bubbles in Canada âPauseâ after Bank of Canada Ends QE, Starts Unwinding its Balance Sheet Home prices fell in Vancouver, Ottawa, and Montreal; were flat in Toronto, other cities for the first time since 2019. So this is something that hasnât happened in the Canadian housing market since 2019: The Teranet-National […]
