NewZinoo: Wolf Street latest news

eco - Wolf Street - 2 hours ago

My Thoughts about that August Jobs Report

Federal and State Governments Shed 28,000 Jobs in August. Private-sector hiring machine slows, waiting for clarity, but layoffs remain very low.

eco - Wolf Street - 18 hours ago

Fed Balance Sheet QT: -$39 Billion in August, -$2.36 Trillion from Peak, to $6.60 Trillion

Compared to the size of the economy, the Fed’s assets are now down to 21.8% of GDP, where they’d first been in 2013.

eco - Wolf Street - 23 hours ago

Despite all the Shouting by the Cut-Rates-Now Crowd, Unemployment Claims Do Not Depict a “Cracking” Labor Market

Unemployment claims are even with a year ago and are below two years ago.

eco - Wolf Street - 2 days ago

ON RRPs Drop to Near-Zero $17.9 Billion, Liquidity Flow into Markets Over, while TGA Refilling Drains Liquidity from Markets

Liquidity now begins to drain out of the markets for the first time since the debt ceiling.

eco - Wolf Street - 4 days ago

Office CMBS Delinquency Rate Spikes to Record 11.7%, Much Worse than Financial Crisis Peak. Multifamily Delinquencies also Spike

Extend-and-pretend and forbearance deals widely implemented to “cure” delinquent CRE mortgages.

eco - Wolf Street - 6 days ago

30-Year Treasury Yield Stuck Near 5% on Inflation Fears, but 6-Month Yield Drops, Sees Rate Cuts, Long End of Yield Curve Steepens a Lot, Mortgage Rates still over 6.5%

The bond market’s reaction to cocktail of inflation fears, potentially lax Fed, and Mississippi River of new debt flowing into the market.

eco - Wolf Street - 7 days ago

Core Services PCE Inflation Spikes (Not Tariffed), Durable Goods Inflation (where Tariffs Hit) Turns Negative Month to Month

Services are where two-thirds of consumer spending goes. And that’s where inflation is. But it’s no longer in rents.

eco - Wolf Street - 7 days ago

US Government’s Fiscal Mess: Interest Payments on the Treasury Debt, Interest Rates, Tax Receipts, and Debt-to-GDP Ratio in Q2 2025

An ugly situation. But capital gains taxes and tariffs helped. And the debt ceiling covered up part of the problem.

eco - Wolf Street - 8 days ago

Buyers Strike: Pending Home Sales Drop Further, Plunge in Midwest, Near Record Lows in All Regions, as Supply Balloons

And to top it off: cancellations of pending sales rose to a record rate in July.

eco - Wolf Street - 9 days ago

Still Waiting for Lower Prices, Higher Incomes, Lower Rates: Mortgage Rates Tick Up, Demand in Deep Freeze, Supply Surges

This buyers’ strike, which started in mid-2022, completes its third year.

eco - Wolf Street - 9 days ago

Manufacturing of Durable Goods on Rebound in the US

Boeing and jet engine makers are part of it. And the other part of it is the rest of manufacturing.

eco - Wolf Street - 10 days ago

New Single-Family Home Prices Drop Further as Inventory Glut Grows. In the South, Inventory for Sale Hits New Record

Homebuilder Lennar’s average selling price has dropped by 19.5% from the peak three years ago.

eco - Wolf Street - 11 days ago

Big Fuss in the Media about the Government’s 10% Stake in Intel, but just Giving this Cash to Intel under the CHIPS Act Was Fine?

The media are tangled up in their own underwear about this deal, while totally onboard with sacrificing taxpayers on the altar of Biden’s policies.

eco - Wolf Street - 12 days ago

The 12 Bigger Cities with the Biggest Price Declines of Single-Family Homes (-10% to -23%) through July

Oakland, Austin, New Orleans, Cape Coral, San Francisco, Birmingham, Washington DC, Fort Myers, Denver, Portland, Phoenix, and Sarasota.

eco - Wolf Street - 14 days ago

Powell Makes Room for Rate Cut. Fed Kills “Average Inflation” Targeting that Caused so Much Damage when Inflation Raged

Fed to “proceed carefully” with changes to policy stance amid heavy concerns about rising inflation.

eco - Wolf Street - 14 days ago

Sales of Existing Single-Family Homes Crushed, Supply Highest since 2016. Condo Sales Near Low in the Data, Supply Highest since Housing Bust. Prices Begin to Bend

Prices of condos drop year-over-year, single-family price growth “near zero.” West and South take serious hits.

eco - Wolf Street - 15 days ago

Condo Prices Already Dropped by 12%-26% in 21 Bigger Cities through July. Condo Bust Takes Shape

Oakland, Austin, San Francisco, Denver, Tampa, Seattle, New York City, Saint Petersburg, Fort Myers, Sarasota, Boise, Jacksonville, Detroit, New Orleans, Portland, Arlington, Naples, Mesa, Aurora, Reno, Scottsdale.

eco - Wolf Street - 16 days ago

Where Americans Spend $1.2 Trillion a Year at Ecommerce Retailers and How that Changed Over Time

Clothing and general merchandise online retailers are the biggie.

eco - Wolf Street - 17 days ago

Credit Card Delinquencies, Balances, Burden, Credit Limits, and Collections in Q2 2025

Our Drunken Sailors and their Credit Cards.

eco - Wolf Street - 18 days ago

The Most Splendid Housing Bubbles in America, July 2025: The Price Drops and Gains in 33 Large Expensive Metros

Home prices fell YoY in 20 of our 33 metros: Tampa, Austin, Miami, San Diego, San Jose, San Francisco, San Antonio, Dallas, Phoenix, Orlando, Atlanta, Denver, Raleigh, Houston, Seattle… Some still up YoY: Boston, Chicago, New York, Philadelphia…

eco - Wolf Street - 21 days ago

My Thoughts about those July Retail Sales

Drunken Sailors going about their lives, spending money, moving the economy forward.

eco - Wolf Street - 22 days ago

Core Services PPI Explodes, Worst since March 2020, Causes Overall PPI and Core PPI to Explode

Food prices also spiked. Energy prices surged due to diesel, jet fuel, and industrial electric power. Ugly all around.

eco - Wolf Street - 23 days ago

Inventory of Homes for Sale in New York, Philadelphia, Chicago, Boston, Nashville, Atlanta, Washington DC, Columbus, Detroit, Minneapolis

Each market dances to a different drummer. But in some metros, the drummer hasn’t gotten out of bed yet.

eco - Wolf Street - 24 days ago

Fed’s Nightmare: CPI Inflation in Core Services Worst in 6 Months, Pushing Core CPI to Worst in 6 Months. Some Goods Prices Fell, Others Rose

The shocker for the 2nd month was the re-acceleration of inflation in core services, the biggie, accounting for 60% of overall CPI.

eco - Wolf Street - 24 days ago

Serious Delinquency Rates for Subprime and Prime Auto Loans, their Balances, and their Burden: Our Drunken Sailors in Q2

Subprime is, as always, in trouble, which is why it’s subprime – high-risk-high-profit auto sales and lending that can entail steep losses.

eco - Wolf Street - 25 days ago

Average Age of First-Time Home Buyers and How it Changed over the Past 25 Years

Turns out, younger people live their lives, and have always done so.

eco - Wolf Street - 27 days ago

Government Sold $724 Billion of Treasuries this Week, Debt Hits $37.0 Trillion. Getting Ready for the Fed’s Shift to T-Bills

10-year and 30-year yields rose after rough auctions, despite huge issuance of T-bills to take pressure off long-term yields.

eco - Wolf Street - 28 days ago

Inventory of Homes for Sale Balloons in Texas and its Big Metros: Dallas-Fort Worth, Houston, Austin, San Antonio

Amazing turn of events: From desperate “housing shortage” to massive inventory pile-up in four years.

eco - Wolf Street - 28 days ago

Fed Balance Sheet QT: -$19 Billion in July, -$2.32 Trillion from Peak, to $6.64 Trillion

The ratio of the Fed’s assets to GDP dropped to 21.9%, lowest since Q4 2019 and back where it had been in 2013.

eco - Wolf Street - 28 days ago

Used Car and Truck Wholesale Prices amid Solid Retail Demand and Tight Supply

Another squiggle, down this time, in moderate inflationary pressures that started a Year Ago.

eco - Wolf Street - 29 days ago

Days on the Market Blow Out in Florida’s Big Metros as Homes for Sale Don’t Sell and Pile Up

Despite big waves of delistings.

eco - Wolf Street - 29 days ago

Here Come the HELOCs: Mortgages, Housing-Debt-to-Income-Ratio, Serious Delinquencies, and Foreclosures in Q2 2025

Taxpayers and investors are mostly on the hook this time, not banks.

eco - Wolf Street - 30 days ago

Household Debts, Debt-to-Income Ratio, Serious Delinquencies, Collections, Foreclosures, Bankruptcies: Our Drunken Sailors’ Debts in Q2 2025

The long-defaulted federal student loans come out of the shadows of government forbearance.

eco - Wolf Street - 31 days ago

Federal and State Governments Shed 28,000 Jobs in August. Private-sector hiring machine slows, waiting for clarity, but layoffs remain very low.

Compared to the size of the economy, the Fed’s assets are now down to 21.8% of GDP, where they’d first been in 2013.

Unemployment claims are even with a year ago and are below two years ago.

Liquidity now begins to drain out of the markets for the first time since the debt ceiling.

Extend-and-pretend and forbearance deals widely implemented to “cure” delinquent CRE mortgages.

The bond market’s reaction to cocktail of inflation fears, potentially lax Fed, and Mississippi River of new debt flowing into the market.

Services are where two-thirds of consumer spending goes. And that’s where inflation is. But it’s no longer in rents.

An ugly situation. But capital gains taxes and tariffs helped. And the debt ceiling covered up part of the problem.

And to top it off: cancellations of pending sales rose to a record rate in July.

This buyers’ strike, which started in mid-2022, completes its third year.

Boeing and jet engine makers are part of it. And the other part of it is the rest of manufacturing.

Homebuilder Lennar’s average selling price has dropped by 19.5% from the peak three years ago.

The media are tangled up in their own underwear about this deal, while totally onboard with sacrificing taxpayers on the altar of Biden’s policies.

Oakland, Austin, New Orleans, Cape Coral, San Francisco, Birmingham, Washington DC, Fort Myers, Denver, Portland, Phoenix, and Sarasota.

Fed to “proceed carefully” with changes to policy stance amid heavy concerns about rising inflation.

Prices of condos drop year-over-year, single-family price growth “near zero.” West and South take serious hits.

Oakland, Austin, San Francisco, Denver, Tampa, Seattle, New York City, Saint Petersburg, Fort Myers, Sarasota, Boise, Jacksonville, Detroit, New Orleans, Portland, Arlington, Naples, Mesa, Aurora, Reno, Scottsdale.

Clothing and general merchandise online retailers are the biggie.

Our Drunken Sailors and their Credit Cards.

Home prices fell YoY in 20 of our 33 metros: Tampa, Austin, Miami, San Diego, San Jose, San Francisco, San Antonio, Dallas, Phoenix, Orlando, Atlanta, Denver, Raleigh, Houston, Seattle… Some still up YoY: Boston, Chicago, New York, Philadelphia…

Drunken Sailors going about their lives, spending money, moving the economy forward.

Food prices also spiked. Energy prices surged due to diesel, jet fuel, and industrial electric power. Ugly all around.

Each market dances to a different drummer. But in some metros, the drummer hasn’t gotten out of bed yet.

The shocker for the 2nd month was the re-acceleration of inflation in core services, the biggie, accounting for 60% of overall CPI.

Subprime is, as always, in trouble, which is why it’s subprime – high-risk-high-profit auto sales and lending that can entail steep losses.

Turns out, younger people live their lives, and have always done so.

10-year and 30-year yields rose after rough auctions, despite huge issuance of T-bills to take pressure off long-term yields.

Amazing turn of events: From desperate “housing shortage” to massive inventory pile-up in four years.

The ratio of the Fed’s assets to GDP dropped to 21.9%, lowest since Q4 2019 and back where it had been in 2013.

Another squiggle, down this time, in moderate inflationary pressures that started a Year Ago.

Despite big waves of delistings.

Taxpayers and investors are mostly on the hook this time, not banks.

The long-defaulted federal student loans come out of the shadows of government forbearance.

Boom, bust, and the adults in the room.