Author: Wolf Richter

Fuel for the Next Mortgage Bust?

Fuel for the Next Mortgage Bust? by Wolf Richter For Wolf Street Cash-out refi hype is back full-blast. And for the first time since early 2006, people are doing it in large numbers. This is the transcript from my podcast...

Hit by Epic Construction Downturn, Mexico Faces Reality: New President Tries to Get Folks to Play by the Rules, and Everything Stalls

Hit by Epic Construction Downturn, Mexico Faces Reality: New President Tries to Get Folks to Play by the Rules, and Everything Stalls by Wolf Richter for Wolf Street Construction industry has worst month since 2006, fourth month in a row...

I Got it, Nothing Matters. Tesla, Boeing, Other Stocks: It’s Like the Whole Market Has Gone Nuts

I Got it, Nothing Matters. Tesla, Boeing, Other Stocks: It’s Like the Whole Market Has Gone Nuts by Wolf Richter for Wolf Richter Story stocks, momentum stocks, hyperventilation stocks, consensual hallucination stocks, financial engineering stocks: anything but reality. You see, Tesla is...

“Transportation Recession” Gets Uglier

“Transportation Recession” Gets Uglier by Wolf Richter for Wolf Street After the boom comes the bust. Freight shipments in the US across all modes of transportation – truck, rail, air, and barge – fell 5.3% in June compared to June...

My Advice to the Fed on “Low Inflation”: Use a Different Index for Crying Out Loud and Tell the BLS to be Less Aggressive with “Hedonic Quality Adjustments”

My Advice to the Fed on “Low Inflation”: Use a Different Index for Crying Out Loud and Tell the BLS to be Less Aggressive with “Hedonic Quality Adjustments” by Wolf Richter for Wolf Street The Fed could instantly claim victory...