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The Cents of Things episodes
- US Rejects China, Russian Oil, Home Sales and US Drones (Tom Kemler)
Welcome to another Weekly Market Update with Tom Kemler. In this episode Tom and Jeff discuss
- The US Rejects China Claims over Taiwan Strait. Concerns Grow.
- Hong Kong’s Iconic Jumbo Restaurant Capsizes in The South China Sea.
- Ocean Shipping Law Embraces Sweeping Reform
- Russian Oil production has continued to increase.
- U.S. Energy Information Administration announced that all their data releases will be delayed indefinitely
- Existing-Home Sales Continue to Crater.
- The US Redbook Index (Chain Store Sales in US - Not Online) continues to decline.
- Current Account for Q1 of 2022 which means we are importing vs exporting. Way more negative than had been expected.
- PMI Composite was also a big miss. Which can indicate a recession.
- New Home Sales number rebounded from April, beating consensus.
- Consumer Sentiment continues to drop precipitously.
- New Feature: What’s Not Happening. The US is still dragging its feet in sending over drones. Do they really work?
- What’s not happening: Is the Crypto Party Over?
- Fear and Greed index is up to low fear now.
- Most Interesting Thing: Will the Kaliningrad Crisis lead to War?
Tom Kemler is the Chief Business Appraiser at BKA Business Consulting and BKA Wealth Consulting. Tom is a Chartered Financial Advisor (CFA), and a Certified Valuation Analyst (CVA). Tom has over 30 years of experience valuing companies and studying economics.
Jeff Kikel is the host of the Money Trekker Podcast and has hosted several other Podcasts and YouTube Shows. Jeff is an entrepreneur and owns several companies in the Finance, Coworking, Media, and Publishing companies. Jeff is also the author of 6 Finance, Retirement Plan, and Entrepreneurial areas books.
More episodes of the podcast at: www.moneytrekker.com
Learn more about our sponsors at:
T-Werx Coworking: www.T-Werx.com
BKA Wealth Consulting: www.BKAWealth.com
Follow us on Social Media at:
Facebook: https://www.facebook.com/MoneyTrekkerPodcast
56 min - Ukrainian Grain Harvest Begins, Small Businesses Optimism Still Up, and Possibly Green Shoots (Tom Kemler)
Welcome to another Weekly Market Update with Tom Kemler. In this episode Tom and Jeff discuss
- Most Interesting Thing Follow Up: The Atlantic “Why Biden Shouldn’t Run in 2024”
- No deal on Turkish Navy Escorts of Grain Ships to Ukraine.
- Ukraine Grain Harvest Begins.
- Ukraine Exporters Find New Grain Routes and Global Sugar Prices Slide.
- 1000 Foot Vessel runs aground in Savannah River Tuesday night.
- Fossil fuel imports from Russia in the first 100 days of the invasion have been $100B a day of revenue including a sanctions discount.
- Small Business Optimism Index came in right in the range, which is surprising.
- PPI Final Demand actually decreased a bit this month. Could we be seeing inflation slowing a bit?
- Import Export princes have also moderated.
- Atlanta Fed Business Inflation Expectations did not move.
- Leading Indicators continue to be down.
- The Economic Surprise Index continues to be on the low side.
- Most Interesting Thing: Biden Visit to Saudi Arabia after Vowing to Treat the Kingdom as a “Pariah” for Human Rights Violations.
Tom Kemler is the Chief Business Appraiser at BKA Business Consulting and BKA Wealth Consulting. Tom is a Chartered Financial Advisor (CFA), and a Certified Valuation Analyst (CVA). Tom has over 30 years of experience valuing companies and studying economics.
Jeff Kikel is the host of the Money Trekker Podcast and has hosted several other Podcasts and YouTube Shows. Jeff is an entrepreneur and owns several companies in the Finance, Coworking, Media, and Publishing companies. Jeff is also the author of 6 Finance, Retirement Plan, and Entrepreneurial areas books.
More episodes of the podcast at: www.moneytrekker.com
Learn more about our sponsors at:
T-Werx Coworking: www.T-Werx.com
BKA Wealth Consulting: www.BKAWealth.com
Follow us on Social Media at:
Facebook: https://www.facebook.com/MoneyTrekkerPodcast
1 hr 13 min - Inflation, Interest Rates, Things Suck, and Peter the Great’s Beard Tax (Tom Kemler)
Welcome to another Weekly Market Update with Tom Kemler. In this episode Tom and Jeff discuss
- MIT follow-up from last week. Elon vs Biden. Elon’s “Super Bad Feeling” about the economy has shown to be true.
- Biden completely out of touch saying that “American’s feel financially comfortable” since he took office. Personal savings rates have dropped off the chart and credit outstanding has gone up significantly.
- Consumer Sentiment is at the lowest it has been recorded.
- Fear and Greed Index still in the Fear range.
- AAII Bull Bear Spread is at one of the lowest points in history.
- US Import demand is dropping off a cliff.
- CPI the highest in over 40 years.
- Walmart, Target, Best Buy and other retailers are seeing inventory build.
- Jobless claims seem to have bottomed out and are increasing.
- Ten year treasury is now back up to its high point this year.
- Most Interesting Thing: Biden approval rating at an all time low.
- Most Interesting Thing #2: Peter the Great’s Beard Tax
Tom Kemler is the Chief Business Appraiser at BKA Business Consulting and BKA Wealth Consulting. Tom is a Chartered Financial Advisor (CFA), and a Certified Valuation Analyst (CVA). Tom has over 30 years of experience valuing companies and studying economics.
Jeff Kikel is the host of the Money Trekker Podcast and has hosted several other Podcasts and YouTube Shows. Jeff is an entrepreneur and owns several companies in the Finance, Coworking, Media, and Publishing industries. Jeff is also the author of 6 Finance, Retirement Plan, and Entrepreneurial areas books.
More episodes of the podcast at: www.moneytrekker.com
Learn more about our sponsors at:
T-Werx Coworking: www.T-Werx.com
BKA Wealth Consulting: www.BKAWealth.com
Follow us on Social Media at:
Facebook: https://www.facebook.com/MoneyTrekkerPodcast
49 min - Mafia Control, Port Congestion, Employment Report and Economic Recession (Tom Kemler)
Welcome to another Weekly Market Update with Tom Kemler. In this episode Tom and Jeff discuss
- Stagflation continues to be a major concern in the markets.
- Texas Homes priced way above historic norms may pose problems if the market sours.
- Does the Mafia Control The Port Authority of New York/New Jersey?
- Several Factors Point to Shipping Being a Leading Cause of Whale Shark Deaths.
- Interesting to note that port congestion has reduced in Long Beach, but has picked back up now in the Gulf of Mexico ports.
- Case-Shiller Home Price Index continues to remain 20%+ year over year.
- Mixed results for Manufacturing.
- Construction spending was weak.
- ADP employment report was weak.
- Farm Prices are Extremely High.
- Fear and Greed Index moves from Extreme Fear to Fear
- Most Interesting Thing: Iraq’s Oil Revenues Hit a New High
- Most Interesting Thing: 20M Tons of Grain to Be Available to World Thanks to Command Center in Istanbul (Might not Really Happen)
- Jamie Dimon of JPM Chase says “Brace Yourself” for an economic hurricane caused by the Fed and Ukraine war. BofA’s Brian Moynihan disagrees.
- Most Interesting Thing: Elon Musk says he has a “super bad feeling” about the economy. Biden says recession is not inevitable.
Tom Kemler is the Chief Business Appraiser at BKA Business Consulting and BKA Wealth Consulting. Tom is a Chartered Financial Advisor (CFA), and a Certified Valuation Analyst (CVA). Tom has over 30 years of experience valuing companies and studying economics.
Jeff Kikel is the host of the Money Trekker Podcast and has hosted several other Podcasts and YouTube Shows. Jeff is an entrepreneur and owns several companies in the Finance, Coworking, Media, and Publishing industries. Jeff is also the author of 6 books in the Finance, Retirement Plan, and Entrepreneurial areas.
More episodes of the podcast at: www.moneytrekker.com
Learn more about our sponsors at:
T-Werx Coworking: www.T-Werx.com
BKA Wealth Consulting: www.BKAWealth.com
Follow us on Social Media at:
Facebook: https://www.facebook.com/MoneyTrekkerPodcast
49 min - Multiple Most Interesting Thing Update (Tom Kemler)
Welcome to another Weekly Market Update with Tom Kemler. In this episode Tom and Jeff discuss
- Update on the Russian Salvage ship sunk during the salvage of the Moskva.
- The Egyptian Bread crisis worsens. Awakens fears of Political Unrest.
- Giant Container Ships are Ruining Everything.
- Beijing is still locking people down as Shanghai loosens up.
- GDP monthly update got worse.
- Pending Home Sales dropped drastically over the last month.
- Supply chain and labor shortages are causing new build homes to take upwards of 12-18 months.
- New Home Sales have fallen off almost 300k in 4 months.
- Crude oil prices continue to rise, but not as fast as refined gasoline.
- Fear and Greed Index is sustained in the Extreme Fear range.
- Most Interesting Thing: The “How to Murder Your Husband” author was convicted for murdering her husband.
- Most Interesting Thing 2: A New Worry about Stagflation begins to grow.
Tom Kemler is the Chief Business Appraiser at BKA Business Consulting and BKA Wealth Consulting. Tom is a Chartered Financial Advisor (CFA), and a Certified Valuation Analyst (CVA). Tom has over 30 years of experience valuing companies and studying economics.
Jeff Kikel is the host of the Money Trekker Podcast and has hosted several other Podcasts and YouTube Shows. Jeff is an entrepreneur and owns several companies in the Finance, Coworking, Media, and Publishing industries. Jeff is also the author of 6 books in the Finance, Retirement Plan, and Entrepreneurial areas.
More episodes of the podcast at: www.moneytrekker.com
Learn more about our sponsors at:
T-Werx Coworking: www.T-Werx.com
BKA Wealth Consulting: www.BKAWealth.com
Follow us on Social Media at:
Facebook: https://www.facebook.com/MoneyTrekkerPodcast
51 min - Putin’s Victory Parade in Turkey, Is Inflation Peaking? Ukraine Sinks Another Ship (Tom Kemler)
Welcome to another Weekly Market Update with Tom Kemler. In this episode Tom and Jeff discuss
- Nothing really occurred at Putin’s victory parade but Putin under a blanket.
- Car Import Cost May Rise as Marine Insurance Report Warns.
- Freightwaves National Truckload Index drops drastically.
- CPI came out this week and was off the charts up again.
- PPI actually decreased a bit, but down from the high levels.
- Import and Export Prices stabilized this month which might indicate a bit of slowing in the rise.
- Consumer Sentiment is at one of the lowest levels since the early 1980s.
- Fear and Greed Index has been in Extreme Fear now for over a week.
- Bull Bear spread is at the lowest in recent history.
- Most Interesting Thing: Ukraine Reportedly Attacks Russian Navy Logistics Ship Vsevolod Bobrov in Black Sea.
Tom Kemler is the Chief Business Appraiser at BKA Business Consulting and BKA Wealth Consulting. Tom is a Chartered Financial Advisor (CFA), and a Certified Business Appraiser (CVA). Tom has over 30 years of experience valuing companies and studying economics.
Jeff Kikel is the host of the Money Trekker Podcast and has hosted several other Podcasts and YouTube Shows. Jeff is an entrepreneur and owns several companies in the Finance, Coworking, Media, and Publishing industries. Jeff is also the author of 6 books in the Finance, Retirement Plan, and Entrepreneurial areas.
More episodes of the podcast at: www.moneytrekker.com
Learn more about our sponsors at:
T-Werx Coworking: www.T-Werx.com
BKA Wealth Consulting: www.BKAWealth.com
Follow us on Social Media at:
Facebook: https://www.facebook.com/MoneyTrekkerPodcast
49 min - Russia sabotage, Bank of America alarm, Fighting at the Steel Plant (Tom Kemler)
Welcome to another Weekly Market Update with Tom Kemler. In this episode Tom and Jeff discuss
- Russia faces a ‘sabotage’ epidemic at chemical plants and munitions factories over the last several weeks.
- Russia is still exporting oil through the Black Sea.
- Trade deficit with Russia is at the highest point in history because we continued to import Russian oil.
- Russia steals 400,000 tons of grain from Ukraine sparking fears of a devastating food crisis.
- Inflation in Turkey climbs to almost 70% in April.
- Bank of America sounding an alarm on collapsing freight demand.
- Chicago fed activity index is still pretty strong.
- Export numbers have collapsed causing GDP to go negative.
- International trade goods were at the worst number at - $125B for one month.
- Wholesale and retail inventories rising.
- ISM Manufacturing index was as week as it has been since Covid
- Productivity decreased significantly. Unit labor costs are off the charts at 11.6%
- Intrayear declines in S&P have averaged -13.7% since 1952, yet annual price returns have been positive in 51 of those 70 calendar years.
- Bond market is at the highest it has been in over 8 years.
- Most Interesting Thing: Heavy fighting continues at the Ukrainian Steel Plant. The moral of the story…Don’t mess with a Ukrainian Marine.
Tom Kemler is the Chief Business Appraiser at BKA Business Consulting and BKA Wealth Consulting. Tom is a Chartered Financial Advisor (CFA), and a Certified Business Appraiser (CVA). Tom has over 30 years of experience valuing companies and studying economics.
Jeff Kikel is the host of the Money Trekker Podcast and has hosted several other Podcasts and YouTube Shows. Jeff is an entrepreneur and owns several companies in the Finance, Coworking, Media, and Publishing industries. Jeff is also the author of 6 books in the Finance, Retirement Plan, and Entrepreneurial areas.
More episodes of the podcast at: www.moneytrekker.com
Learn more about our sponsors at:
T-Werx Coworking: www.T-Werx.com
BKA Wealth Consulting: www.BKAWealth.com
Follow us on Social Media at:
Facebook: https://www.facebook.com/MoneyTrekkerPodcast
Instagram: https://www.instagram.com/moneytrekker/
Best ways to connect with Jeff:
LinkedIn: www.linkedin.com/in/jeffkikel
Twitter: https://twitter.com/JeffKikel
54 min - EverForward is Free, Oligarchs Dying, Housing Starts and Permits Still Strong (Tom Kemler)
Welcome to another Weekly Market Update with Tom Kemler. In this episode Tom and Jeff discuss:
- Ever Forward Refloated Follows 35 Day Salvage Operation
- Shanghai Lockdowns Snarl Global Supply Chain
- Netflix crashes in value over the first quarter of 2022.
- Housing Starts and Permits Still Strong
- Interest Rates Breaking a 40 Year Trend
- Mortgage Rates are beginning to Press Forward
- Housing Prices Continue to Rise in the Face of Higher Rates
- PMI Has Mixed Results.
- Fear and Greed Index Still Not Indicating Extreme Fear
- AAII % Bull-Bear Spread at -25% for the first time.
- Most Interesting Thing: Two Russian Oligarchs Die in Mysterious Circumstances 24 Hours Apart
Tom Kemler is the Chief Business Appraiser at BKA Business Consulting and BKA Wealth Consulting. Tom is a Chartered Financial Advisor (CFA), and a Certified Business Appraiser (CVA). Tom has over 30 years of experience valuing companies and studying economics.
Jeff Kikel is the host of the Money Trekker Podcast and has hosted several other Podcasts and YouTube Shows. Jeff is an entrepreneur and owns several companies in the Finance, Coworking, Media, and Publishing industries. Jeff is also the author of 6 books in the Finance, Retirement Plan, and Entrepreneurial areas.
More episodes of the podcast at: www.moneytrekker.com
Learn more about our sponsors at:
T-Werx Coworking: www.T-Werx.com
BKA Wealth Consulting: www.BKAWealth.com
Follow us on Social Media at:
Facebook: https://www.facebook.com/MoneyTrekkerPodcast
Instagram: https://www.instagram.com/moneytrekker/
Best ways to connect with Jeff:
LinkedIn: www.linkedin.com/in/jeffkikel
Twitter: https://twitter.com/JeffKikel
1 hr - Musk and Twitter, The Subway Shooter, and Ukrainians Sink the Moskva (Tom Kemler)
Welcome to another Weekly Market Update with Tom Kemler. In this episode Tom and Jeff discuss
- The Ever Forward is still Never Forward, dredging continues and they are still taking off containers.
- South African flood causes shipping containers to tumble.
- China Blocks Highways to Curb Covid 19, 30 Million Truckers Stranded.
- China Imports Drop, Export Growth Slows on Covid Lockdowns.
- Shanghai Rebellion attacks police officers as people hunt for food.
- Egypt has to purchase an additional 350,000 Tons of European Wheat.
- Consumer Price Index came in on budget, but PPI was far ahead at 11% year over year.
- Retail Sales numbers on a real basis actually declined.
- Import and Export Prices continue to blow out the ranges.
- Consumer Sentiment was off the charts, Business Inventories came in strong and Empire State Manufacturing Index blew out the range.
- EPA allows more Ethanol-Based Fuels which is less efficient and produce more smog.
- Europe is willing to buy LNG at virtually any price.
- Lithium prices are up 900% as the US is trying to move to less energy independence.
- The Fear and Greed Index has stayed the same.
- Most Interesting Thing: The New York Subway Shooter is caught
- Most Interesting Thing #2: Elon Musk put in a bid to take Twitter private.
- Most Interesting Thing #3: Ukraine sinks the Black Sea Fleet’s Flagship, the Moskva.
Tom Kemler is the Chief Business Appraiser at BKA Business Consulting and BKA Wealth Consulting. Tom is a Chartered Financial Advisor (CFA), and a Certified Business Appraiser (CVA). Tom has over 30 years of experience valuing companies and studying economics.
Jeff Kikel is the host of the Money Trekker Podcast and has hosted several other Podcasts and YouTube Shows. Jeff is an entrepreneur and owns several companies in the Finance, Coworking, Media, and Publishing industries. Jeff is also the author of 6 books in the Finance, Retirement Plan, and Entrepreneurial areas.
More episodes of the podcast at: www.moneytrekker.com
Learn more about our sponsors at:
T-Werx Coworking: www.T-Werx.com
BKA Wealth Consulting: www.BKAWealth.com
Follow us on Social Media at:
Facebook: https://www.facebook.com/MoneyTrekkerPodcast
Instagram: https://www.instagram.com/moneytrekker/
Best ways to connect with Jeff:
LinkedIn: www.linkedin.com/in/jeffkikel
Twitter: https://twitter.com/JeffKikel
51 min - Kim Jung Un a Fake, Economics Update and a Shanghai Lockdown (Tom Kemler)
Welcome to another Weekly Market Update with Tom Kemler. In this episode Tom and Jeff discuss
- An "Most Interesting Thing" update in the Kim Jung Un video was a fake.
- Evergreen Everforward is still stuck in Chesapeake Bay. Now shippers are paying more for their cargo as a result.
- Ukraine is fighting back and pushing the Russians back in the North.
- Ukraine torments Putin with Oscars-Style of Russia’s biggest embarrassments.
- Biden to draw down Oil Reserves to try and Ease Gas Prices. Too little too late?
- Economics update: Dallas Fed Manufacturing Survey was Meh…Wholesale Inventories build significantly while Retain inventories significantly dropped…Home Price Index was continuing upward trend…JOLTS number is still at 11.26mm…Corporate profits still remain strong…Chicago PMI came in pretty strong…Farm prices up a gigantic amount…Employment Number was basically a wash.
- Shanghai was locked down again.
- West Cost Labor Talks Start this Month.
- Free and Greed Index is at a Neutral.
- Most Interesting Thing: Russia Ukraine was has turned Egypt’s Food Crisi into an Existential Threat to the Economy.
Tom Kemler is the Chief Business Appraiser at BKA Business Consulting and BKA Wealth Consulting. Tom is a Chartered Financial Advisor (CFA), and a Certified Business Appraiser (CVA). Tom has over 30 years of experience valuing companies and studying economics.
Jeff Kikel is the host of the Money Trekker Podcast and has hosted several other Podcasts and YouTube Shows. Jeff is an entrepreneur and owns several companies in the Finance, Coworking, Media, and Publishing industries. Jeff is also the author of 6 books in the Finance, Retirement Plan, and Entrepreneurial areas.
More episodes of the podcast at: www.moneytrekker.com
Learn more about our sponsors at:
T-Werx Coworking: www.T-Werx.com
BKA Wealth Consulting: www.BKAWealth.com
Follow us on Social Media at:
Facebook: https://www.facebook.com/MoneyTrekkerPodcast
Instagram: https://www.instagram.com/moneytrekker/
Best ways to connect with Jeff:
LinkedIn: www.linkedin.com/in/jeffkikel
Twitter: https://twitter.com/JeffKikel
47 min
About The Cents of Things
From the publisher's feed
The Cents of Things is about making Finance, Economics, and The Markets accessible and understandable to everyone. Our weekly market updates keep you informed about what is happening in the world. We bring in subject matter experts weekly to discuss different personal finance strategies such as Long Term Care, 401ks, IRAs, Crypto, Safe Money, Retirement Planning, etc.
Hosted by Jeff Kikel, entrepreneur and founder of 3 successful businesses (and several that were not successful). Jeff has spent over 25 years working with successful business owners and professionals in the Wealth Management industry. Today Jeff’s focus is on helping his clients reach a work optional lifestyle in 10 years of less.
Jeff is the author of 6 books on personal finance and entrepreneurship. His upcoming book Freedom Day: Quit The job You Hate and Live the Life You Want.