Dollar’s Purchasing Power Swoons, but CPI ignores house price inflation. House prices rose by 11.2% from a year ago, the biggest increase since the peak of Housing Bubble 1 in 2006, according to today’s National Case-Shiller Home Price Index for January. The index is a good measure of “house-price inflation” because it’s based on the “sales pairs” […]
Everything is on ice. But when forbearance ends, forced sellers or lenders will put millions of these homes on the market. On the other side of the red-hot housing market, a historic delinquency problem has been fermenting since last spring, largely put on ice and on hold by forbearance programs, waiting to be dealt with. […]
So now we have another gutting, this time at the HuffPost, and omertà reigns. This kind of thing – news publications with lots of traffic gutting their staff because they’ve been losing tons of money – has been happening for years, and these publishers and the media outlets that report on it are under some […]
Editor’s Note: Many argue that current stock market action is discounting a huge post-pandemic surge in spending. This report casts doubt on this assumption. Free money whipped consumers into a rollicking eight-month splurge on goods. There’s nothing “pent up.” And services are not a shoo-in for “pent-up demand.” Give Americans some free money, and tell […]
Spiking prices for new and used vehicles under the microscope. The “Purchasing Power of the Consumer Dollar” – part of the Bureau of Labor Statistics’ Consumer Price Index data released today – is the politically incorrect mirror image of inflation in consumer prices, as measured by the Consumer Price Index (CPI). By wanting to increase consumer […]
There is still the theme that some of it is just temporary. Big parts of the services sector – such as restaurants, entertainment, lodging, and travel – have been hit hard during this crisis. Other parts of the services industries – such as real estate, services related to eCommerce, transportation services, video games, streaming services, […]
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