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Wolf Richter @wolfofwolfst

Publisher of finance and econ site wolfstreet.com

Joined July 2011
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2,321 Photos and videos
Government Uses Strategic Petroleum Reserve as Cudgel to Beat Down Oil-Price Mania: Worked for Second Time. A new role for the SPR. It wasn’t designed for that wolfstreet.com/2026/06/15/go…
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US Government Sold $646 billion of Treasury Securities this Week. 2nd Wave of Inflation Approaches 10-Year Treasury Yield How the long-term Treasury debt grows: Treasury notes & bonds outstanding rose on net by $59 billion this week wolfstreet.com/2026/06/13/us…
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Money-Market Funds & CDs: Americans and their Piles of Interest-Earning Cash as “Real” Yields Turn Negative. Inflation surged past these yields, though they’ve started to rise again. Households nevertheless poured more money into them wolfstreet.com/2026/06/12/mo…
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What Homebuilder Lennar Said about the Tough Housing Market: Average Sales Price Down 24% from Peak, back to 2017. Cut the price, and they will buy. Dealing with the affordability crisis. Sales volume is up, but shares have plunged by nearly 50% wolfstreet.com/2026/06/11/wh…
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Producer Price Inflation beyond Energy: 6-Month Services PPI, “Core” Goods PPI & “Core” PPI Blow by 6%, Worst since 2022. The surge in energy costs is bad, but there’s a lot of inflation from other sources wolfstreet.com/2026/06/11/pr…
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CPI Inflation 4.25%, Blows by 2-Year Treasury Yield, Closes in on 10-Year Treasury, Driven by “Supercore” Services, Gasoline, Electricity. Supercore services inflation surged, after taking off last fall. AI data center demand drives electricity inflation wolfstreet.com/2026/06/10/cp…
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Supply of Existing Single-Family Homes at 10-Year High, Condo Supply at 12-Year High, Sales still in Freezer. Compared to May 2019, sales were down most in the West (-32%) and Northeast (-31%), less in the South (-15%) and Midwest (-17%) wolfstreet.com/2026/06/09/su…
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As Home Sellers Grapple with Reality, Listing Prices Fall by Most in at Least a Decade. But each market dances to a different drummer, and declines have been far bigger in many markets wolfstreet.com/2026/06/08/as…
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Semiconductor Stocks Roll Over, Micron & Broadcom Tank 20% in 2 Days, Drag Rest of Market Along. We’re looking for culprits. wolfstreet.com/2026/06/05/se…
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Job Growth Trend Turns Around Decidedly after Weakening for Years, while Immigration Crackdown Caps Supply of Labor. Some industries hired, others cut jobs: we zoom out with charts by major industry categories wolfstreet.com/2026/06/05/jo…
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Who Needs Bitcoin & Cryptos (-50%) amid the Semiconductor & Miracle IPO Mania? Rotating from mania to mania? wolfstreet.com/2026/06/04/wh…
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AI Investment Boom Sucks Up Hoarded Cash from Stock Market Investors & Companies, Sprays it into the Real Economy. It could break the stock market. But it’ll stimulate the economy. Just don’t expect inflation to cool on its own wolfstreet.com/2026/06/03/ai…
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Housing Market’s Crucial “Spring Selling Season” Winds Down with a Whimper. So Maybe Next Year? But mortgage rates are not high historically, and “real” mortgage rates, amid resurging inflation, are relatively low wolfstreet.com/2026/06/03/ho…
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And More Data Showing a Weirdly Decent Labor Market. But this dynamic makes it harder for young people to find a job wolfstreet.com/2026/06/02/an…
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As Prices Spike, Manufacturing Expands at Fastest Rate in 4 Years, Orders Surge, Supplier Deliveries Slow. Amid improved automation and efficiencies, production rises, but employment doesn’t, or only a little wolfstreet.com/2026/06/01/as…
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PCE Inflation Surges Further from Fed’s Target, now Nearly Double Fed’s Target, 5 Years above Target. Trend reversal a year ago. Services inflation stuck at high rate for a year. Now prices of food, energy, computers & software (AI boom), jewelry surged wolfstreet.com/2026/05/28/pc…
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Micron, the WTF AI Mania Chart of the Year. The stock has a history of collapsing by 50% to 98% after every spike, regularly falling below its Dotcom Bubble high. But this time is different? wolfstreet.com/2026/05/27/mi…
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Oh Dear, Condo Prices already Dropped by 15% to 33% in 24 Bigger Markets, Some Back to Where They’d Been 20 Years Ago. Plus in another 44 bigger cities, condo prices dropped by 7% to 14% so far, as the mindboggling Condo Bubble comes unglued wolfstreet.com/2026/05/25/oh…
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10-Year TIPS v. 10-Year Treasury Securities: Bond Market Has Long Been Delusional about Actual CPI Inflation. There’s no indication bond market is better now in figuring future inflation; its expectation of average 2.4% annual CPI years seems silly low wolfstreet.com/2026/05/24/10…
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Bond Bloodbath Worsens on Inflation, Lax Fed, and Flood of New Debt. Mortgage Rates hit 6.75%. Ugly trifecta that spooks the bond market. To soothe bond yields and mortgage rates, the Fed needs to hike, not “look through” inflation wolfstreet.com/2026/05/20/bo…
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