The Money GPS

TOPICS AND TIMESTAMPS:

Hmmm 0:00

Starting To Crack 0:15

The One Commodity 4:26

Domino Effect 5:55

China Inflation 11:10

Unemployment is at 3.6% so you would think the economy is healthy? Well what if I told you the real jobs data show it has begun to crack?

The One Commodity That Won’t Stop Soaring | OilPrice.com

https://oilprice.com/Energy/Energy-General/The-One-Commodity-That-Wont-Stop-Soaring.html

Commodities Slump Is Set to Give India Relief From Inflation - Bloomberg

https://www.bloomberg.com/news/articles/2022-07-09/commodities-slump-is-set-to-give-india-relief-from-inflation?srnd=premium-canada

Why Developing Countries Are Facing a Debt Default Crisis - Bloomberg

https://www.bloomberg.com/news/articles/2022-07-07/why-developing-countries-are-facing-a-debt-default-crisis?srnd=premium-canada

Buy Now, Pay Later for NFTs: Bored Ape Yacht Club Buyers Can Now Use BNPL - Bloomberg

https://www.bloomberg.com/news/articles/2022-07-08/buy-now-pay-later-for-nfts-bored-ape-yacht-club-buyers-can-now-use-bnpl?srnd=premium-canada

Freshii’s ‘virtual cashiers’ make $3.75 an hour and have been called ‘outrageous’ — now the chain’s founder wants to go global | The Star

https://www.thestar.com/business/2022/07/08/percy-the-virtual-cashier-founders-shrug-off-critics-and-plan-to-grow-start-up-into-a-multinational-company.html?utm_source=Twitter&utm_medium=SocialMedia&utm_campaign=Business&utm_content=freshiicashier&utm_source=twitter&source=torontostar&utm_medium=SocialMedia&utm_campaign=&utm_campaign_id=&utm_content=

China’s Consumer Inflation Hits Two-Year High on Pork Rally - Bloomberg

https://www.bloomberg.com/news/articles/2022-07-09/china-s-consumer-inflation-hits-two-year-high-on-pork-rally?srnd=premium-canada

China's passenger vehicles see robust June retail sales -Xinhua

https://english.news.cn/20220706/2577ddd811354753903a73b86171fb34/c.html

2022-07-08_05-32-22.jpg (1054×663)

https://cms.zerohedge.com/s3/files/inline-images/2022-07-08_05-32-22.jpg?itok=S9qBIl6R

Germany’s largest landlord to restrict heating at night

https://www.thelocal.de/20220707/germanys-largest-landlord-to-restrict-heating-at-night/

unexplained jobs differential.jpg (925×566)

https://cms.zerohedge.com/s3/files/inline-images/unexplained%20jobs%20differential.jpg?itok=tTefl-CB

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TOPICS AND TIMESTAMPS:

The Fall 0:00

Oil Sent Overseas 0:18

Biggest Impact on Poor 5:45

Fed Balance Sheet Shrinking 9:31

Ok, so hear me out: inflation that we’re seeing today is actually being made worse, and it’s hitting lower income people the hardest. Want to know why?

Here’s Where Car Payments Cost More Than Rent in the US - Bloomberg

https://www.bloomberg.com/news/articles/2022-07-06/here-s-where-car-payments-cost-more-than-rent-in-the-us?srnd=premium

Dollar continues dream run, little stands in its way

https://finance.yahoo.com/news/dollar-continues-dream-run-little-004030866.html

Fed’s Waller Backs 75 Basis-Point Interest Rate Hike, Dismisses Recession Fears - Bloomberg

https://www.bloomberg.com/news/articles/2022-07-07/fed-s-waller-backs-75-basis-point-hike-at-meeting-this-month?srnd=premium

Fed Hawks Back 75 Basis-Point July Hike, Still See Soft Landing

https://finance.yahoo.com/news/fed-waller-backs-75-basis-172823965.html

Oil from U.S. reserves sent overseas as gasoline prices stay high | Reuters

https://www.reuters.com/business/energy/oil-us-reserves-head-overseas-gasoline-prices-stay-high-2022-07-05/

Copper’s Slide Signals Mounting Recession Concern - WSJ

https://www.wsj.com/articles/coppers-slide-signals-mounting-recession-concern-11657162793

US Recession Is Already Here, Wells Fargo Investment Institute Says - Bloomberg

https://www.bloomberg.com/news/articles/2022-07-07/us-recession-is-here-according-to-wells-fargo-investment-group?srnd=premium

Bloomberg - Bloomberg

https://www.bloomberg.com/

High Power Costs Force US Industrials, Factories to Shut - Bloomberg

https://www.bloomberg.com/news/articles/2022-07-07/high-power-costs-force-us-industrials-factories-to-shut?srnd=premium

Assets: Total Assets: Total Assets (Less Eliminations from Consolidation): Wednesday Level (WALCL) | FRED | St. Louis Fed

https://fred.stlouisfed.org/series/WALCL

US Pandemic Checks Had No Lasting Impact on Poor, Study Shows - Bloomberg

TOPICS AND TIMESTAMPS:

Slowdown 0:00

Eyes On the Fed 0:16

Economy Halting 4:19

Don’t Buy the Dip 8:31

What To Watch For 10:52

This is not a simple slowdown, this will be much more difficult. If you recognize the patterns in what I will show you today, you will be able to navigate and hopefully prosper. Sound good?

Fed minutes June 2022

https://www.cnbc.com/2022/07/06/fed-minutes-june-2022.html

https://bucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com/public/images/19dafc17-c851-45f1-b783-e41d8ca1e7c9_1000x477.jpeg (1000×477)

https://substackcdn.com/image/fetch/f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F19dafc17-c851-45f1-b783-e41d8ca1e7c9_1000x477.jpeg

recessions more frequent.jpg (721×426)

https://cms.zerohedge.com/s3/files/inline-images/recessions%20more%20frequent.jpg?itok=pLdSd7OP

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https://cms.zerohedge.com/s3/files/inline-images/private%20sector%20capital%20flows.jpg?itok=fBGs9m2z

Online Ad Slump Won’t Be a Blip for Google, Facebook, Others - WSJ

https://www.wsj.com/articles/online-ad-slump-wont-be-a-blip-for-google-facebook-others-11657105381

Supermarkets put security tags on cheese blocks as stores tackle shoplifting amid soaring food costs

https://www.msn.com/en-gb/news/uknews/supermarkets-put-security-tags-on-cheese-blocks-as-stores-tackle-shoplifting-amid-soaring-food-costs/ar-AAZeau2

Are widespread layoffs coming? How the pandemic has changed employers' recession strategy

https://news.yahoo.com/widespread-layoffs-coming-pandemic-changed-120031683.html

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https://cms.zerohedge.com/s3/files/inline-images/2022-07-06_07-02-02.jpg?itok=3bqm6JXs

UK new car sales: weakest June since 1996 | Auto Express

https://www.autoexpress.co.uk/news/105893/uk-new-car-sales-weakest-june-1996

(1) Tom Hearden on Twitter: "$1 invested in $GE in Q4 1994 is worth $1 today https://t.co/OiJq02mghV" / Twitter

https://twitter.com/followtheh/status/1544744863727591425

Petar Momchev on Twitter: "Druckenmiller: "I never use valuation to time the market. I use liquidity considerations and technical analysis for timing. Valuation only tells me how far the market can go once a catalyst enters the picture to change the market direction."" / Twitter

https://twitter.com/momchev12/status/1544663585661616134?s=21&t=YodzU7XdulG7RnhrjvEXWQ

Macau locks down landmark Lisboa hotel after COVID cases found | Reuters

https://www.reuters.com/world/china/macau-locks-down-landmark-lisboa-hotel-after-covid-cases-found-2022-07-06/

Nothing on Horizon to Rival Dollar’s Status, Fed Study Finds

https://finance.yahoo.com/news/nothing-horizon-rival-dollar-status-131852935.html

Consumers Say 2022 Is the Worst Economy Ever - WSJ

https://www.wsj.com/articles/consumers-say-2022-is-the-worst-economy-ever-11657103575

Are U.S. Gasoline Refiners Running Out Of Steam? | OilPrice.com

https://oilprice.com/Energy/Crude-Oil/Are-US-Gasoline-Refiners-Running-Out-Of-Steam.html

Europe Forced To Pay Even Higher Prices To Fill Gas Storage | ZeroHedge

https://www.zerohedge.com/commodities/europe-forced-pay-even-higher-prices-fill-gas-storage

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TOPICS AND TIMESTAMPS:

Recession 0:00

Falling Currencies 0:20

Oil Tumbles 3:35

Recession Deflation 8:06

Weak Economy 12:12

Solutions 14:32

-The Money GPS Main Point, Nutshell

-If you stick with me through this whole video I will show you why this recession could be more brutal, and longer than any you have lived through. Then I will tell you steps you can take to mitigate the problems.

-Fed hiking into a recession. Employment looking good. Room to move

-Holding more cash than appropriate particularly if in non USA. Trim losers on bounces. Invest in yourself right now, knowledge, preparation.

Euro slides to 20-year low against the dollar as recession fears build

https://www.cnbc.com/2022/07/05/euro-slides-to-20-year-low-against-the-dollar-as-recession-fears-build.html

US Recession Fear Puts Dollar on Course for Biggest Gain Since 2020 - Bloomberg

https://www.bloomberg.com/news/articles/2022-07-05/recession-fear-puts-dollar-on-course-for-biggest-gain-since-2020?srnd=premium-canada

2022-07-05_08-02-12.jpg (917×623)

https://cms.zerohedge.com/s3/files/inline-images/2022-07-05_08-02-12.jpg?itok=kS1Z3wHZ

EURUSD 2022-07-05_7-34-14.jpg (1273×665)

https://cms.zerohedge.com/s3/files/inline-images/EURUSD%202022-07-05_7-34-14.jpg?itok=_snp7U8d

Oil tumbles as much as 10%, breaks below $100 as recession fears mount

https://www.cnbc.com/2022/07/05/oil-tumbles-more-than-8percent-breaks-below-100-as-recession-fears-mount.html

2022-07-05_08-11-09.jpg (912×622)

https://cms.zerohedge.com/s3/files/inline-images/2022-07-05_08-11-09.jpg?itok=m6gm0Lfx

The Global Energy Crisis Just Got Even Worse. Here's Why - Bloomberg

https://www.bloomberg.com/news/articles/2022-07-05/the-global-energy-crisis-just-got-even-worse-here-s-why?srnd=premium-canada

ttf july 5.jpg (1272×662)

https://cms.zerohedge.com/s3/files/inline-images/ttf%20july%205.jpg?itok=6sklUf_A

TOPICS AND TIMESTAMPS:

Recession 0:00

Inflation or Recession 0:22

Recession Repeat? 6:24

Economy Down 8:14

Getting Expensive 11:06

Solutions 14:44

No more whispers: Recession talk surges in Washington - POLITICO

https://www.politico.com/news/2022/07/04/recession-talk-surges-in-washington-00043818

Biden China Tariffs: President Nearing Rollback of Some Duties to Curb Inflation - Bloomberg

https://www.bloomberg.com/news/articles/2022-07-04/biden-close-to-rollback-of-china-tariffs-to-fight-inflation?srnd=premium

Inflation Expectations Hit Record in Bank of Canada Surveys - Bloomberg

https://www.bloomberg.com/news/articles/2022-07-04/bank-of-canada-says-near-term-inflation-expectations-hit-record

What Will the Next Recession Look Like? Long and Painful - Bloomberg

https://www.bloomberg.com/news/articles/2022-07-03/long-moderate-and-painful-what-next-us-recession-may-look-like

George-Costanza-eating-burger-600x315.jpg (600×315)

https://cdn.mamamia.com.au/wp/wp-content/uploads/2016/06/17134620/George-Costanza-eating-burger-600x315.jpg

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https://cms.zerohedge.com/s3/files/inline-images/global%20recession%20nomura.jpg?itok=FIyAeQyw

No experience, no resume, you're hired! Hotels fight for staff | Reuters

https://www.reuters.com/world/europe/no-experience-no-resume-youre-hired-hotels-fight-staff-2022-07-04/

Vital TSMC Supplier Warns of Chip Material Price Hikes Into 2023 - Bloomberg

https://www.bloomberg.com/news/articles/2022-07-04/vital-tsmc-supplier-warns-of-chip-material-price-hikes-into-2023?srnd=premium

Chipmakers’ Struggles Have Wall Street Worried About a Recession - Bloomberg

https://www.bloomberg.com/news/articles/2022-07-01/chipmakers-struggles-have-wall-street-worried-about-a-recession?srnd=premium

EU Imports More U.S. LNG Than Russian Pipeline Gas For The First Time Ever | OilPrice.com

https://oilprice.com/Energy/Natural-Gas/EU-Imports-More-US-LNG-Than-Russian-Pipeline-Gas-For-The-First-Time-Ever.html

Uniper in Talks Over Bailout Package to Plug $9.4 Billion Hole - Bloomberg

https://www.bloomberg.com/news/articles/2022-07-04/uniper-in-talks-over-bailout-package-to-plug-9-4-billion-hole?sref=6uww027M

TOPICS AND TIMESTAMPS:

The Cycle 0:00

$700 Car Payment 0:27

Inflation Situation 4:58

Real Estate 6:58

The 60/40 Portfolio 9:55

Monthly car payments have crossed a record $700. What that means : NPR

https://www.npr.org/2022/07/02/1109105779/monthly-car-payments-record-700

New-Vehicle Affordability Declines Again in May, Typical Monthly Payment Hits New Record of $712 - Cox Automotive Inc.

https://www.coxautoinc.com/market-insights/may-2022-vai/

May-2022-Cox-Automotive-Moodys-Analytics-VAI-chart.jpg (5350×3129)

https://www.coxautoinc.com/wp-content/uploads/2022/06/May-2022-Cox-Automotive-Moodys-Analytics-VAI-chart.jpg

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https://cms.zerohedge.com/s3/files/inline-images/fig%204%20msa.jpg?itok=wSTdqbrZ

IEA: Global Nuclear Capacity Needs To Double To Meet Net-Zero Goals | OilPrice.com

https://oilprice.com/Energy/Energy-General/IEA-Global-Nuclear-Capacity-Needs-To-Double-To-Meet-Net-Zero-Goals.html

National Survey Finds 83% of Consumers are Cutting Back on Personal Spending, Travel Due to Inflation

https://www.provident.bank/press-releases/national-survey-finds-83-of-consumers-are-cutting-back-on-personal-spending-travel-due-to-inflation

interest-rate-hikes-vs-inflation-1.jpg (1200×1048)

https://www.visualcapitalist.com/wp-content/uploads/2022/06/interest-rate-hikes-vs-inflation-1.jpg

Will Home Prices Fall? Sudden Housing Turn Has Sellers Paring Expectations - Bloomberg

https://www.bloomberg.com/news/articles/2022-07-01/will-home-prices-fall-sudden-housing-turn-has-sellers-paring-expectations#:~:text=The%20rapid%20rise%20in%20mortgage,homes%20in%20Las%20Vegas%2C%20Nevada.

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https://cms.zerohedge.com/s3/files/inline-images/2022-06-30_09-45-27.png?itok=mo5RP61d

UK Told Poorest Are ‘Brutally Exposed’ to Cost of Living Crisis - Bloomberg

https://www.bloomberg.com/news/articles/2022-07-03/uk-told-poorest-are-brutally-exposed-to-cost-of-living-crisis#:~:text=The%20poorest%20families%20in%20the,stagnation%2C%20the%20Resolution%20Foundation%20warned.

Bond Holders Look to Recession for Salvation After Vicious Half - Bloomberg

https://www.bloomberg.com/news/articles/2022-07-02/bond-holders-look-to-recession-for-salvation-after-vicious-half?srnd=premium-canada

Amazon cancels, delays wave of planned warehouses - FreightWaves

https://www.freightwaves.com/news/amazon-cancels-or-delays-plans-for-at-least-16-warehouses-this-year?utm_content=213572964&utm_medium=social&utm_source=facebook&hss_channel=fbp-179175252108775

TOPICS AND TIMESTAMPS:

Recession 0:00

Consumer Goes Down 0:33

Cash Is Trash 4:38

Russia Stopping Food Exports 10:35

Americans Are Buying Cheaper Meat, Slashing Subscriptions: Report

https://www.businessinsider.com/inflation-cheaper-meat-slashing-subscriptions-new-york-times-report-2022-6

Cooling Demand for Goods Threatens to Turn Pandemic Boom Into Bust - WSJ

https://www.wsj.com/articles/cooling-demand-for-goods-threatens-to-turn-pandemic-boom-into-bust-11656674342

The Worst Stock Selloff In Half a Century Might Not Be Done Yet

https://finance.yahoo.com/news/worst-stock-selloff-half-century-090513988.html

Startups to Face ‘Hard Times’ After Market’s Plunge, Gao Says - Bloomberg

https://www.bloomberg.com/news/articles/2022-07-01/startups-to-face-hard-times-after-market-s-plunge-gao-says?srnd=premium-canada

Russia to export agricultural products to ‘friendly countries’ only — RT Business News

https://www.rt.com/business/557260-russia-agricultural-products-friendly-countries/

Revisiting Ukraine, Russia, and Agricultural Commodity Markets • farmdoc daily

https://farmdocdaily.illinois.edu/2022/02/revisiting-ukraine-russia-and-agricultural-commodity-markets.html

wheatshrt.jpg (1020×1004)

https://cms.zerohedge.com/s3/files/inline-images/wheatshrt.jpg?itok=YiJhLG0K

Metals meltdown: Fears of a global slowdown see prices tumbling | The Financial Express

https://www.financialexpress.com/industry/metals-meltdown-fears-of-a-global-slowdown-see-prices-tumbling/2573544/

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TOPICS AND TIMESTAMPS:

What’s First? 0:00

Winners and Losers 0:21

Economic Perfect Storm 5:53

Pay Close Attention 13:41

Pedal Off the Metal? 14:46

TOPICS AND TIMESTAMPS:

Only One 0:00

This Is Everything 0:23

Michael Burry 3:04

Deflation 4:01

Fed Repo Insanity 9:27

2022-06-30_11-41-25.jpg (1082×694)

https://cms.zerohedge.com/s3/files/inline-images/2022-06-30_11-41-25.jpg?itok=mDls71K-

Recession fear could become a self-fulfilling prophecy

https://www.axios.com/2022/06/30/recession-inflation-economy-jobs-fed-wall-street

GDPNow - Federal Reserve Bank of Atlanta

https://www.atlantafed.org/cqer/research/gdpnow.aspx

Stocks fall, S&P 500 posts worst first half in decades

https://www.cnbc.com/2022/06/29/stock-market-futures-open-to-close-news.html

(1) Cassandra B.C. on Twitter: "Adjusted for inflation, 2022 first half S&P 500 down 25-26%, and Nasdaq down 34-35%, Bitcoin down 64-65%. That was multiple compression. Next up, earnings compression. So, maybe halfway there." / Twitter

https://twitter.com/michaeljburry/status/1542603312867905538?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1542603312867905538%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fwww.bloomberg.com%2Fnews%2Farticles%2F2022-06-30%2Fscion-s-burry-thinks-we-may-be-about-halfway-through-market-fall

Can I Buy a House? More Properties Listed in Supply-Starved Market - Bloomberg

https://www.bloomberg.com/news/articles/2022-06-30/home-listings-surge-in-turnabout-for-supply-starved-us-market

Fed’s preferred inflation measure rose 4.7% in May, around multi-decade highs

https://www.cnbc.com/2022/06/30/feds-preferred-inflation-measure-rose-4point7percent-in-may-near-40-year-high.html

4351943_0d490d55d76d78d9a334267e4d0438d2_jpegff3a024f48afe714f6fcd9e99eda63b5 (597×763)

https://www.nairaland.com/attachments/4351943_0d490d55d76d78d9a334267e4d0438d2_jpegff3a024f48afe714f6fcd9e99eda63b5

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https://cms.zerohedge.com/s3/files/inline-images/2022-06-30_08-01-16.jpg?itok=Dm-S3i1G

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https://cms.zerohedge.com/s3/files/inline-images/2022-06-30_08-06-54.jpg?itok=47GR44Yu

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https://cms.zerohedge.com/s3/files/inline-images/2022-06-30_12-12-30.jpg?itok=BnNI349R

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https://cms.zerohedge.com/s3/files/inline-images/2022-06-30_12-07-55.jpg?itok=pfrnvmwo

Can I Buy a House? More Properties Listed in Supply-Starved Market - Bloomberg

https://www.bloomberg.com/news/articles/2022-06-30/home-listings-surge-in-turnabout-for-supply-starved-us-market

TOPICS AND TIMESTAMPS:

Here We Go 0:00

Recession Indications 0:17

Consumer Weakness 6:17

US Dollar Smashed 10:02

+11.5% rise above the minimum level over the previous year provides the most accurate and timely signal of recession risks since the data becomes available in the 1960s. It works for each recession and normally leads by around 2 months.

Final Q1 GDP -1.6%; What's in Store for Q2? | Nasdaq

https://www.nasdaq.com/articles/final-q1-gdp-1.6-whats-in-store-for-q2

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https://cms.zerohedge.com/s3/files/inline-images/2022-06-29_05-36-37.jpg?itok=EYzjEbgr

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https://cms.zerohedge.com/s3/files/inline-images/jobless%20claims%20recession%20indicator.jpg?itok=n8huYWP5

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https://cms.zerohedge.com/s3/files/inline-images/jobless%20claims%202.jpg?itok=Bgvj3rf6

Michael Burry Archive (@BurryArchive) / Twitter

https://twitter.com/BurryArchive/status/1541967656680673280/photo/1

Inflationary concerns outweigh expected income growth | University of Michigan News

https://news.umich.edu/inflationary-concerns-outweigh-expected-income-growth/

As Prices Skyrocket, Coupons Are Harder to Find Than Ever – DNyuz

https://dnyuz.com/2022/06/29/as-prices-skyrocket-coupons-are-harder-to-find-than-ever/

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https://cms.zerohedge.com/s3/files/inline-images/2022-06-29_06-37-58.jpg?itok=9obZGg6y

Canada Inflation Rate Drives Consumer Confidence to Crisis-Era Lows - Bloomberg

https://www.bloomberg.com/news/articles/2022-06-27/inflation-drives-canadian-consumer-confidence-to-crisis-era-lows?srnd=premium-canada

93% of Working Americans Have A Side Hustle in 2022

https://www.insuranks.com/side-hustles-2022

2022 Business Leaders Outlook

https://www.jpmorgan.com/content/dam/jpm/commercial-banking/insights/leadership/global-blo-full-report-final-ada.pdf

EXCLUSIVE India's top cement maker paying