The Money GPS

TOPICS AND TIMESTAMPS:

Here We Go 0:00

Onward and Upward 0:34

Record Gas 5:32

Spare A Nickel? 6:28

Art Vandelay the Importer/Exporter 10:07

Traders Are Betting Crude Oil Prices May Pass $200 This Month - Bloomberg

https://www.bloomberg.com/news/articles/2022-03-07/oil-traders-are-betting-prices-may-pass-200-a-barrel-this-month

From Oil to Nickel to Wheat, Commodities Mayhem in Five Charts - Bloomberg

https://www.bloomberg.com/news/articles/2022-03-07/from-oil-to-nickel-to-wheat-commodities-mayhem-in-five-charts?srnd=premium-canada

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https://cms.zerohedge.com/s3/files/inline-images/2022-03-07-1.png?itok=EhvxA9-8

AAA Gas Prices

https://gasprices.aaa.com/

Jim Bianco biancoresearch.eth on Twitter: "1/2 The war started 11 days ago, and the national average of gas prices is up 52 cents over this period, far and away the biggest such move. Now only four cents away from a new all-time high. https://t.co/RaPGEbVJnt" / Twitter

https://twitter.com/biancoresearch/status/1500832822784843784/photo/1

Nickel Spikes 60%: Here’s Why That Matters and Who Will Be Hit - Bloomberg

https://www.bloomberg.com/news/articles/2022-03-07/nickel-spikes-60-here-s-why-that-matters-and-who-will-be-hit

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https://cms.zerohedge.com/s3/files/inline-images/wheat%203.7.jpg?itok=WaR0ogNv

Ukraine war 'catastrophic for global food' - BBC News

TOPICS AND TIMESTAMPS:

Wrong Way 0:00

Beyond Belief 0:37

Russian Pivot 7:20

Ripple Effect 9:35

Solution 12:47

Food prices jump 20.7% yr/yr to hit record high in Feb, U.N. agency says | Reuters

https://www.reuters.com/world/food-prices-hit-record-high-february-un-agency-says-2022-03-04/?taid=62237c2407024b0001560037

Oil Tops $130 a Barrel as Russian Attacks Escalate - WSJ

https://www.wsj.com/articles/oil-buyers-paying-record-premiums-for-prompt-deliveries-11646518865

U.S. crude oil briefly tops $130 a barrel, a 13-year high on possible Western ban of Russian oil

https://www.cnbc.com/2022/03/06/us-crude-oil-jumps-to-125-a-barrel-a-13-year-high-on-possible-western-ban-of-russian-oil.html

Gold Price

https://goldprice.org/

FAO Food Price Index rises to record high in February

https://www.fao.org/newsroom/detail/fao-food-price-index-rises-to-record-high-in-february/en

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https://cms.zerohedge.com/s3/files/inline-images/commodity%20prices%20in%20China.jpg?itok=s-dca1ns

Russian banks rush to switch to Chinese card system

https://finance.yahoo.com/news/russian-banks-rush-switch-chinese-075456219.html

Russian Banks Turn to China as Visa, Mastercard Cut Business - Bloomberg

TOPICS AND TIMESTAMPS:

Jam Packed 0:00

Haywire Markets 0:47

Buy the Russian Dip? 7:50

What’s Up 13:48

Putin says Western sanctions are akin to declaration of war | Reuters

https://www.reuters.com/world/europe/putin-says-western-sanctions-are-akin-declaration-war-2022-03-05/

Russia Energy Chaos Triggers the Biggest Market Shock in Decades - Bloomberg

https://www.bloomberg.com/news/articles/2022-03-05/russia-energy-chaos-triggers-the-biggest-market-shock-in-decades?srnd=premium-canada

Putin Seeks to Avert Defaults With Ruble Payments to Creditors - Bloomberg

https://www.bloomberg.com/news/articles/2022-03-05/putin-seeks-to-avert-defaults-with-ruble-payments-to-creditors?srnd=premium-canada

Stock Market’s ‘Denial Trade’ on Russian Invasion Is Buckling - Bloomberg

https://www.bloomberg.com/news/articles/2022-03-05/stock-market-s-denial-trade-on-russian-invasion-is-buckling?srnd=premium-canada

Russia Stock Market Controversy: EToro Blindsides Traders With Magnit Sale - Bloomberg

https://www.bloomberg.com/news/articles/2022-03-05/russia-stock-market-controversy-etoro-blindsides-traders-with-magnit-sale?srnd=premium-canada

Divesting From Russia: How Will Funds, Index Managers Leave After Sanctions? - Bloomberg

https://www.bloomberg.com/news/articles/2022-03-04/how-dumping-russia-is-creating-chaos-for-index-funds-quicktake?srnd=premium-canada

Bond Traders Primed for Wild Swings With Inflation, War in Focus - Bloomberg

TOPICS AND TIMESTAMPS:

Down 0:00

Europe Takes A Hit 0:44

Leading To Recession 2:32

Geopolitical Aspects 10:45

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(1) zerohedge on Twitter: "European stocks just suffered their largest outflows on record in the week to March 2 https://t.co/qIW8o3Bgkt" / Twitter

https://twitter.com/zerohedge/status/1499733097696448514/photo/1

(1) Jim Bianco biancoresearch.eth on Twitter: "Not every recession is led by a 50% rise in crude. But every 50% rise in crude has led a recession. https://t.co/PN3vWuzQj9" / Twitter

https://twitter.com/biancoresearch/status/1499385705591709698/photo/1

Ukraine War Plunges Auto Makers Into New Supply-Chain Crisis - WSJ

https://www.wsj.com/articles/ukraine-war-plunges-auto-makers-into-new-supply-chain-crisis-11646309152

What's the Average Mortgage Payment? Monthly Cost Hits Record for 30-Year Loan - Bloomberg

https://www.bloomberg.com/news/articles/2022-03-04/what-s-the-average-mortgage-payment-monthly-cost-hits-record-for-30-year-loan?srnd=premium-canada

Big Money Unloads Stocks as Day Traders Buy in Spiraling Market - Bloomberg

https://www.bloomberg.com/news/articles/2022-03-04/big-money-is-unloading-to-day-traders-in-spiraling-stock-market?srnd=premium-canada

TOPICS AND TIMESTAMPS:

Unfolding 0:00

$200 Oil? 0:50

Domino Effect 8:40

CBDC 12:05

$200 oil - Google Search

https://www.google.com/search?q=%24200+oil&sxsrf=APq-WBudRohalBf9lct-fGKNdyFO1uvd6A:1646374833487&source=lnms&tbm=nws&sa=X&ved=2ahUKEwitxveY6Kv2AhXskYkEHdaqCy8Q_AUoAnoECCgQBA&biw=3008&bih=1588&dpr=2

Goldman (GS) and JPMorgan (JPM) Purchases Russia’s Cheap Corporate Debt - Bloomberg

https://www.bloomberg.com/news/articles/2022-03-03/wall-street-is-already-pouncing-on-russia-s-cheap-corporate-debt

Russian stocks erased from indexes as Putin’s Ukraine invasion makes them ‘uninvestable’ | Fortune

https://fortune.com/2022/03/03/russia-firms-erased-msci-ftse-russell-stock-indexes-putin-ukraine-invasion-uninvestable/

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https://cms.zerohedge.com/s3/files/inline-images/dip%20buying%20record.jpg?itok=NYaWTxN3

(2) Javier Blas on Twitter: "NO BUYERS: Russian flagship Urals crude plunges to a fresh record large discount of **minus $22.7-a-barrel** to benchmark Dated Brent. Even at such a huge discount, oil trader Trafigura found no bidders | #OOTT #Ukraine https://t.co/vtg0MsjQji" / Twitter

https://twitter.com/JavierBlas/status/1499443979183607809/photo/1

Australia Seeks to Fill the Coal Gap as Key Buyers Shun Russia - BNN Bloomberg

TOPICS AND TIMESTAMPS:

Uncertainty 0:00

Current Chaos 0:44

Inflation Hesitation 5:32

Stocks Reaction 9:52

Some Russian bank customers have been cut off from Apple Pay and Google Pay - The Verge

https://www.theverge.com/2022/2/26/22952191/russian-bank-customers-apple-pay-google-pay-financial-sanctions-ukraine

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https://cms.zerohedge.com/s3/files/inline-images/24YTO7IBBBNBJEU2ZCE7MIXQVY.png?itok=yk4UQssA

Bitcoin sanctions could be next as DOJ unveils crypto crackdown plans

https://www.cnbc.com/2022/03/02/bitcoin-sanctions-could-be-next-as-doj-unveils-crypto-crackdown-plans.html

Europe Gas Rises 60% With Traders Backing Away From Russia Deals - Bloomberg

https://www.bloomberg.com/news/articles/2022-03-02/european-gas-extends-rally-into-third-day-on-fears-over-supply#:~:text=European%20natural%20gas%20surged%20to,as%2060%25%2C%20before%20easing.

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https://cdn.statcdn.com/Infographic/images/normal/26948.jpeg

White House Quietly Calls On U.S. Oil Companies To Increase Production | OilPrice.com

https://oilprice.com/Energy/Crude-Oil/White-House-Quietly-Calls-On-US-Oil-Companies-To-Increase-Production.html

Economic dangers from Russia's invasion ripple across globe | AP News

TOPICS AND TIMESTAMPS:

Spiral Down 0:00

Technical Default 0:49

Oil and Inflation 6:50

Chip Shortage Round 2 13:38

Russia Bans Coupon Payment to Foreigners on $29 Billion in Bonds - Bloomberg

https://www.bloomberg.com/news/articles/2022-03-01/russia-bans-transfer-of-ruble-bond-coupon-payments-to-foreigners

Russian Ruble Is Now Worth Less Than 1 U.S. Cent | Time

https://time.com/6152156/russian-ruble-plunges/

Russia's War on Ukraine Could Triple Ocean Shipping Rates Say Experts

https://www.businessinsider.com/russia-war-ukraine-could-triple-ocean-shipping-rates-experts-2022-3

World's largest container lines suspend shipping to Russia | Financial Post

https://financialpost.com/pmn/business-pmn/worlds-largest-container-lines-suspend-shipping-to-russia

Russia / Ukraine update | Maersk

https://www.maersk.com/news/articles/2022/02/24/russia-ukraine-situation-update

Ukraine’s ports to stay closed until Russian invasion ends – maritime administration | Reuters

https://www.reuters.com/world/ukraines-ports-stay-closed-until-russian-invasion-ends-maritime-administration-2022-02-28/

U.S. oil price surges 11% to $106 a barrel, a 7-year high prompted by Russia's assault on Ukraine

https://www.cnbc.com/2022/03/01/us-oil-jumps-to-7-year-high-above-101-a-barrel-as-russian-assault-prompts-supply-shortage-fears.html

$10 toothpaste? U.S. household goods makers face blowback on price hikes | Reuters

TOPICS AND TIMESTAMPS:

It’s On 0:00

Bad To Worse 0:48

Contagion 7:40

Stocks Will Rise? 10:37

Russian stocks ETF falls 30% as crisis in Ukraine continues

https://www.cnbc.com/2022/02/28/russian-stocks-etf-falls-25percent-as-crisis-in-ukraine-continues.html

‘The damage is done’: Russians face economic point of no return | Russia | The Guardian

https://www.theguardian.com/world/2022/feb/28/the-damage-is-done-russians-face-economic-point-of-no-return

Which U.S., European Companies Are Pulling Out of Russia After Ukraine Invasion? - Bloomberg

https://www.bloomberg.com/news/features/2022-02-28/which-u-s-european-companies-are-pulling-out-of-russia-after-ukraine-invasion?srnd=premium-canada

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https://cms.zerohedge.com/s3/files/inline-images/2022-02-28_07-06-56.jpg?itok=9lmkhM0p

Elina Ribakova 🇺🇦 on Twitter: "1/ The @bank_of_russia in funeral black today Emergency measures: - rate up to 20% - FX/inflation negative loop - limited ability to use reserves (no interventions today) - liquidity and credit support to banks - 80% obligatory conversion of export proceeds https://t.co/HHEUMpNkfz" / Twitter

https://twitter.com/elinaribakova/status/1498287241923379201?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1498287831864782848%7Ctwgr%5E%7Ctwcon%5Es2_&ref_url=https%3A%2F%2Fwww.zerohedge.com%2Fmarkets%2Fus-bans-transactions-russian-central-bank-freezing-nearly-half-russias-630bn-reserves

TOPICS AND TIMESTAMPS:

Huge 0:00

Big Boost 0:45

Order Out Of Chaos 2:45

China 8:25

The Rule Of 55 9:50

Crude Oil Prices Today | OilPrice.com

https://oilprice.com/

SWIFT Ban on Russia Means the Fed May Need to Ready Dollars

https://ca.finance.yahoo.com/news/swift-ban-means-fed-may-174940811.html

Currencies Roiled as Russia Sanctions Ripple in Global Markets - Bloomberg

https://www.bloomberg.com/news/articles/2022-02-27/traders-brace-after-russia-sanctions-stepped-up-ratings-cut?srnd=premium&sref=ZMFHsM5Z

(1) Nikos Chrysoloras on Twitter: "We seem to be tailspinning into chaos. I have covered crises before, but nothing comes even close: 1) BP decided to take a hit of as much as $25 billion, just to leave Russia immediately. https://t.co/p1szC1GRuj" / Twitter

https://twitter.com/nchrysoloras/status/1498055618913001481

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https://cms.zerohedge.com/s3/files/inline-images/appendix%201_0.jpg?itok=zjUSdGf1

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https://cms.zerohedge.com/s3/files/inline-images/appendix%201_0.jpg?itok=zjUSdGf1

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https://cms.zerohedge.com/s3/files/inline-images/russia%27s%20foreign%20assets.jpg?itok=nKvtYBnM

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TOPICS AND TIMESTAMPS:

New World 0:00

Real Or Not? 0:54

Government Action 6:30

Stocks Will React 12:56

War in Ukraine: Updates for Feb. 26, 2022: Russia Attacks - Bloomberg

https://www.bloomberg.com/news/articles/2022-02-26/russia-vetoes-un-resolution-as-china-abstains-ukraine-update?srnd=premium-canada

War in Ukraine: Updates for Feb. 26, 2022: Russia Attacks - Bloomberg

https://www.bloomberg.com/news/articles/2022-02-26/russia-vetoes-un-resolution-as-china-abstains-ukraine-update

Charting the Global Economy: War Driving Inflation, Growth Risks - Bloomberg

https://www.bloomberg.com/news/articles/2022-02-26/charting-the-global-economy-war-driving-inflation-growth-risks?srnd=premium-canada

Exclusive: Italians, Russians Met Before War Over Business Deals - Bloomberg

https://www.bloomberg.com/news/articles/2022-02-26/italy-sought-russian-deals-shortly-before-putin-invaded-ukraine

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https://cms.zerohedge.com/s3/files/inline-images/2022-02-25_07-59-35.jpg?itok=YpN-BtCG

Joint Statement on further restrictive economic measures

https://ec.europa.eu/commission/presscorner/detail/en/statement_22_1423

(2) Javier Blas on Twitter: "BREAKING: EU, US, UK and Canada announce that "selected" Russian banks will be disconnected from the SWIFT banking system. The statement doesn't indicate names of banks, or whether this will stop oil and gas payments (my guess is payments will continue) #OOTT #ONGT #Ukraine https://t.co/IngAC9O8j3" / Twitter

https://twitter.com/JavierBlas/status/1497700006647709700/photo/1