NewZinoo: Wolf Street latest news

eco - Wolf Street - 9 hours ago

US Government Sold $742 Billion of Treasury Securities this Week. 30-Year Treasury Auction Yield Highest since 2001, 10-Year Auction Yield Highest since 2007

Bond Vigilantes dissolved long ago into ambient air. But these auction yields make Bessent nervous.

eco - Wolf Street - 1 day ago

My Thoughts about those July Retail Sales

Consumers spent at retailers and restaurants just fine, but Amazon Prime Day and seasonal adjustments wreaked some havoc.

eco - Wolf Street - 2 days ago

The State of Americans’ Auto Debt

Auto loan balances, average amount financed, loan length, credit score, debt-to-income ratio, and delinquencies from subprime to prime.

eco - Wolf Street - 2 days ago

The Fed Cuts its Reserve Management Purchases (RMPs) to Zero, Starting August 14

Warsh makes another baby step -- as suggested at his first FOMC meeting.

eco - Wolf Street - 2 days ago

Fed Cuts Reserve Management Purchases (RMPs) to Zero, Starting August 14

Warsh makes another baby step -- as suggested at his first FOMC meeting.

eco - Wolf Street - 2 days ago

PPI Inflation Is in the Revisions? Prior Month Services PPI and Core PPI Massively Revised Higher Today

In July, the plunge in energy prices migrated into services via truck transportation services and others.

eco - Wolf Street - 3 days ago

Here Come the HELOCs: Mortgages, Housing-Debt-to-Income-Ratio, Serious Delinquencies, and Foreclosures in Q2 2026

Why we keep an eye on the housing-debt-to-income ratio.

eco - Wolf Street - 3 days ago

CPI Dragged Down by Energy, Hotels and Motels (Shelter), Auto Insurance, and Meat (Finally)

But inflation thrived in housing, electronics (hit by the AI boom), medical services, auto repair, used vehicles, etc.

eco - Wolf Street - 4 days ago

Household Debts, Debt-to-Income Ratio, Delinquencies, Foreclosures, Collections and Bankruptcies in Q2 2026

How Americans are handling their debts.

eco - Wolf Street - 4 days ago

Sales of Existing Single-Family Homes Sink Deeper into Mud, Supply Jumps to 10-Year High, Condo Supply at 14-Year High

Mortgage rates at 6.69% are not high. Inflation is high.

eco - Wolf Street - 4 days ago

Buy Low, Sell High: Intel Boosts its Massive Sale of Shares

Big Tech, after years of incinerating vast amounts of cash with share buybacks, is now raking the cash back in with share sales at sky-high prices.

eco - Wolf Street - 5 days ago

Intel Joins Race to Sell Shares at Sky-High Prices after Spike. Big Tech Figured it out, the Economy Benefits, Maybe Not Investors

Vast amounts of cash get moved from Investors to Big Tech via equity and debt sales to be spent in the real economy.

eco - Wolf Street - 7 days ago

US Government Sold $638 Billion of Just T-Bills this Week, 10-Year Treasury Yield Dips after Big Kahuna Yen Intervention

Treasury bills outstanding ballooned by $1 trillion year-over-year, to $7 trillion. But total marketable Treasury securities ballooned by $2.5 trillion. So...

eco - Wolf Street - 8 days ago

Self-Employed Workers (the “Gig Workers”), Part-Time Workers, and Multiple Jobholders: Some Thoughts

Looking at them in the context of the rest of the labor market.

eco - Wolf Street - 8 days ago

The Private Sector Gains 30,000 jobs, but Local Governments Shed 57,000 Jobs. Supply of Labor Continues to Shrink

Crackdown on illegal immigration and boomer retirements continued to reduce the labor force, causing unemployment to drop further.

eco - Wolf Street - 9 days ago

Derivative Losses Squish Already Crushed UWM, the Largest Mortgage Lender in the US: SPACs just Keep on Giving

With its earnings announcement, it had a few tricks up its sleeve.

eco - Wolf Street - 9 days ago

One Thing Is Clear about the AI Boom: It’s Burning Huge Amounts of Cash, and Alphabet Needs More

Alphabet plans to borrow another $20-25 Billion, on top of the $50 billion in bonds and $85 billion in equity it sold earlier in 2026.

eco - Wolf Street - 10 days ago

Another Hit to Demand in the Housing Market: Purchases by Foreign Buyers Have Plunged by 76% from Peak

Purchases by Chinese, Canadian, and British buyers have collapsed. Foreign buyers matter in some key submarkets.

eco - Wolf Street - 11 days ago

Labor Market Turnover Increased all Year, Bouncing Off Late 2025 Low. What that Means

Another sign of underlying strength in the labor market.

eco - Wolf Street - 12 days ago

AI Data Center Construction Spending Goes Exponential (But in Business, Exponential Curves Can’t Last)

Corporate guidance for capital expenditures keeps getting ratcheted higher and involves massive sums, largely focused on AI infrastructure.

eco - Wolf Street - 12 days ago

Why the US-Japan Joint Intervention to Prop Up the Yen? Fear of Treasury Yields Blowing Out if Japan Becomes a Forced Seller

The prior interventions failed to permanently turn around the downward spiral of the yen. What’s needed: much tighter monetary policies by the BOJ.

eco - Wolf Street - 14 days ago

Six Years into Bond Bear Market, 30-Year Treasury Yield Hits 5.28%, Yield Curve Steepens, but Spreads Are still too Narrow

Warsh wants the bond market to do its job and look at inflation and the economy -- and not at the Fed -- and it’s finally doing it.

eco - Wolf Street - 15 days ago

SPR Gets Drained to Dump Crude Oil on Global Markets: US Exports of Crude Oil and Petroleum Products Spike

Crude oil exports hit a record of 5.7 MMb/d in May, exports of ultra-low sulfur diesel hit a record 1.54 MMb/d, etc.

eco - Wolf Street - 16 days ago

Inflation in the Overall Economy, Hitting Consumers, Businesses, and Governments, Was Really Bad in Q2, even without Energy

The Fed needs to coalesce and crack down on inflation lest the bond market figures out what’s going on in here… Oops.

eco - Wolf Street - 16 days ago

Red-Hot Inflation and (Inflation-Adjusted) Strong Domestic Private-Sector Demand Marks Q2 GDP. Debt-to-GDP Ratio Dips to 121.5%

But soaring imports (data-center components), a drop in federal government spending, and changes in private inventories ate into GDP growth.

eco - Wolf Street - 17 days ago

Stocks Tank, Long-Term Treasury Yields Jump after Warsh Starts Talking

“While at some level, we haven't done much in 42 days, the markets have done quite a bit”: Warsh.

eco - Wolf Street - 17 days ago

Fed Holds Rates after “Good Family Fight” and 3 Dissenters, after Enormous Uncertainty in the Markets

Markets were left to their own devices for the first time in a generation after Warsh scuttled forward guidance as part of his Regime Change.

eco - Wolf Street - 17 days ago

Fed Holds Rates after “Good Family Fight” with 3 Dissenters, after Enormous Uncertainty in the Markets

Markets were left to their own devices for the first time in a generation after Warsh scuttled forward guidance as part of his Regime Change.

eco - Wolf Street - 18 days ago

Growth of the Vacant Housing Stock in the US

The US added 1.51 million housing units (new construction minus demolitions) in 12 months, homes for 3.5 million people. The population grew by 757,000. And vacant housing units continued to surge.

eco - Wolf Street - 19 days ago

Korean KOSPI Crashes 10.8% Today, -34% in 25 Days, after 300% Spike, as Consensual Hallucination Fades

Amid general chipmaker bloodbath, SK Hynix and Samsung, which make up half of the index, crashed even more.

eco - Wolf Street - 19 days ago

How Massive AI Data Center Investment Pushes the Economy and Prices: See Durable Goods Orders

Orders for computer and electronic products; electrical equipment and components; machinery incl. power generation equipment; fabricated metals products; and core capital goods – all surged.

eco - Wolf Street - 21 days ago

Long-Term Treasury Yields Jump as Bloodied Bond Market Gets Edgier about Inflation and the Massive New Debt

During the last debt scare, the 10-year yield hit 5%, and the floodgates of demand opened. Now the debt is $6 trillion bigger; no guarantee 5% will open the floodgates again.

eco - Wolf Street - 22 days ago

New Single-Family Home Prices Drop Further amid Declining Sales and once again Growing Inventory Glut

In the South, inventory for sale was up 71% from 2019, while sales were down 8%. Homebuilders are very motivated to make deals.

eco - Wolf Street - 23 days ago

Bond Market Just Flipped to “Rate Hike in July” as 2-Month Treasury Yield Spiked by 13 Basis Points

Warsh scuttled forward guidance, markets are on their own. However this comes out, it promises to be a rougher ride, but in a fresh breeze.

eco - Wolf Street - 23 days ago

AI May Not Cause Total Jobs Armageddon Afterall: Google Reports on How AI Is Being Used at Work

AI is used in 68% of occupations representing 88% of US employment, from software developers to farmers, industrial engineers, and foresters. It’s not automating away those jobs but is helping workers do their jobs.

eco - Wolf Street - 24 days ago

Mortgage Rates Rise to 6.77%, Highest in a Year, Driven by Bond Market Fears of Inflation and the Ballooning Debt

Promising another morose summer in the housing market.

eco - Wolf Street - 25 days ago

Single-Family and Multifamily Rents in Face of an Onslaught of New Supply and Fading Population Growth

The gap between single-family rents and multifamily rents has widened massively. A look at 14 big markets.

eco - Wolf Street - 26 days ago

Oh Dear, Condo Prices Fell by 15% to 33% in 30 Bigger Cities Already. Some Dropped Back to 2006 Levels

In another 39 bigger cities, condo prices fell by 8% to 14%. A massive hangover after a historic Condo Bubble.

eco - Wolf Street - 28 days ago

30-Year Treasury Yield still 5.06%, 30-Year TIPS Yield Highest since 2010 Reintroduction, Yield Curve Prepped for Rate Hike

Unabated fears of inflation and worries about the onslaught of new debt keep pushing up long-term yields.

eco - Wolf Street - 29 days ago

Home Prices in 33 Big Expensive Cities in America: 25 Fell Year-over-Year in June, 2 Rose to New Highs

And 28 were down from their peaks in prior years, led by Austin -27% and Oakland -25%.

eco - Wolf Street - 29 days ago

Fuel for the 2nd Wave of Inflation: Import Prices of Manufactured Goods, Driven by Computers and Electronic Products

The first shock was due to the supply-chain chaos in 2021 through 2022. The second shock is now, it's huge, and it's due to the AI investment boom.

eco - Wolf Street - 30 days ago

Americans Splurge Online and at Vehicle Dealers, instead of Buying Homes? YOLO? Retail Sales without Gas Stations Jump for 5th Month

Sales at gas stations were pushed by massive price movements of gasoline; we look at retailer categories separately to sort it out.

eco - Wolf Street - 30 days ago

Bond Vigilantes dissolved long ago into ambient air. But these auction yields make Bessent nervous.

Consumers spent at retailers and restaurants just fine, but Amazon Prime Day and seasonal adjustments wreaked some havoc.

Auto loan balances, average amount financed, loan length, credit score, debt-to-income ratio, and delinquencies from subprime to prime.

Warsh makes another baby step -- as suggested at his first FOMC meeting.

Warsh makes another baby step -- as suggested at his first FOMC meeting.

In July, the plunge in energy prices migrated into services via truck transportation services and others.

Why we keep an eye on the housing-debt-to-income ratio.

But inflation thrived in housing, electronics (hit by the AI boom), medical services, auto repair, used vehicles, etc.

How Americans are handling their debts.

Mortgage rates at 6.69% are not high. Inflation is high.

Big Tech, after years of incinerating vast amounts of cash with share buybacks, is now raking the cash back in with share sales at sky-high prices.

Vast amounts of cash get moved from Investors to Big Tech via equity and debt sales to be spent in the real economy.

Treasury bills outstanding ballooned by $1 trillion year-over-year, to $7 trillion. But total marketable Treasury securities ballooned by $2.5 trillion. So...

Looking at them in the context of the rest of the labor market.

Crackdown on illegal immigration and boomer retirements continued to reduce the labor force, causing unemployment to drop further.

With its earnings announcement, it had a few tricks up its sleeve.

Alphabet plans to borrow another $20-25 Billion, on top of the $50 billion in bonds and $85 billion in equity it sold earlier in 2026.

Purchases by Chinese, Canadian, and British buyers have collapsed. Foreign buyers matter in some key submarkets.

Another sign of underlying strength in the labor market.

Corporate guidance for capital expenditures keeps getting ratcheted higher and involves massive sums, largely focused on AI infrastructure.

The prior interventions failed to permanently turn around the downward spiral of the yen. What’s needed: much tighter monetary policies by the BOJ.

Warsh wants the bond market to do its job and look at inflation and the economy -- and not at the Fed -- and it’s finally doing it.

Crude oil exports hit a record of 5.7 MMb/d in May, exports of ultra-low sulfur diesel hit a record 1.54 MMb/d, etc.

The Fed needs to coalesce and crack down on inflation lest the bond market figures out what’s going on in here… Oops.

But soaring imports (data-center components), a drop in federal government spending, and changes in private inventories ate into GDP growth.

“While at some level, we haven't done much in 42 days, the markets have done quite a bit”: Warsh.

Markets were left to their own devices for the first time in a generation after Warsh scuttled forward guidance as part of his Regime Change.

Markets were left to their own devices for the first time in a generation after Warsh scuttled forward guidance as part of his Regime Change.

The US added 1.51 million housing units (new construction minus demolitions) in 12 months, homes for 3.5 million people. The population grew by 757,000. And vacant housing units continued to surge.

Amid general chipmaker bloodbath, SK Hynix and Samsung, which make up half of the index, crashed even more.

Orders for computer and electronic products; electrical equipment and components; machinery incl. power generation equipment; fabricated metals products; and core capital goods – all surged.

During the last debt scare, the 10-year yield hit 5%, and the floodgates of demand opened. Now the debt is $6 trillion bigger; no guarantee 5% will open the floodgates again.

In the South, inventory for sale was up 71% from 2019, while sales were down 8%. Homebuilders are very motivated to make deals.

Warsh scuttled forward guidance, markets are on their own. However this comes out, it promises to be a rougher ride, but in a fresh breeze.

AI is used in 68% of occupations representing 88% of US employment, from software developers to farmers, industrial engineers, and foresters. It’s not automating away those jobs but is helping workers do their jobs.

Promising another morose summer in the housing market.

The gap between single-family rents and multifamily rents has widened massively. A look at 14 big markets.

In another 39 bigger cities, condo prices fell by 8% to 14%. A massive hangover after a historic Condo Bubble.

Unabated fears of inflation and worries about the onslaught of new debt keep pushing up long-term yields.

And 28 were down from their peaks in prior years, led by Austin -27% and Oakland -25%.

The first shock was due to the supply-chain chaos in 2021 through 2022. The second shock is now, it's huge, and it's due to the AI investment boom.

Sales at gas stations were pushed by massive price movements of gasoline; we look at retailer categories separately to sort it out.

Sales sag in all regions, plunge the most in the Midwest, drop to lowest for June in the South. Demand stuck in the deep-freeze.