The Money GPS

What the world is experiencing today is unlike any other period of time. Prepare accordingly.

TOPICS AND TIMESTAMPS:

It’s Wild 0:00

CRAZIER THAN 2000 0:41

ECONOMIC HARDSHIP 7:29

CATS ARE LYING 10:35

Market now is ‘crazier than the dot-com era’, says Berkshire Hathaway vice chairman Charlie Munger

https://www.theaustralian.com.au/business/markets/market-now-is-crazier-than-the-dotcom-era-says-berkshire-hathaway-vice-chairman-charlie-munger/news-story/57f87655d1d16575a371925be7cffa8b

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Andrew Thrasher, CMT on Twitter: "The average Nasdaq 100 stock is down 17%. The spread between the average stock & the index is now wider than the peak in 2000. $QQQ https://t.co/kNuKe8N884" / Twitter

https://twitter.com/AndrewThrasher/status/1466411547002089481?s=20

Crude Oil Prices Today | OilPrice.com

https://oilprice.com/

Gas Traders Worry Prices Could Plunge After Volatile Winter - Bloomberg

https://www.bloomberg.com/news/articles/2021-12-02/buckle-up-for-another-turbulent-year-in-the-natural-gas-market

On The Money — Powell, Yellen face pressure on inflation

https://news.yahoo.com/money-powell-yellen-face-pressure-003316049.html

Inflation Causing Hardship for 45% of U.S. Households

https://news.gallup.com/poll/357731/inflation-causing-hardship-households.aspx

Billionaire Ray Dalio predicts there is a 30% chance of US Civil War in the next 10 years | Daily Mail Online

https://www.dailymail.co.uk/news/article-10267619/Billionaire-Ray-Dalio-predicts-30-chance-Civil-War-10-years.html

Xeneta: Long-Term Ocean Freight Rates Are Soaring

https://maritime-executive.com/article/xeneta-long-term-ocean-freight-rates-are-soaring

The New York Times on Twitter: "Videos and GIFs of cute animals — usually cats — have gone viral for almost as long as the internet has been around. But now this trick for building audiences is being used by people and organizations peddling misinformation, researchers say. https://t.co/xw7MqEaSz1" / Twitter

https://twitter.com/nytimes/status/1466051463206080517?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1466051463206080517%7Ctwgr%5Ehb_0_7%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fwww.zerohedge.com%2Fpolitical%2Fnew-york-times-complains-cat-videos-are-being-used-spread-misinformation

The endless supply of mania and panic cannot be overstated. And the markets are going wild.

TOPICS AND TIMESTAMPS:

Going Wild 0:00

ENDLESS VOLATILITY 0:52

OVERDONE 4:34

DEBT COLLECTOR 12:51

Dow finishes 460 points lower in major reversal triggered by first U.S. omicron case

https://www.cnbc.com/2021/11/30/stock-market-futures-open-to-close-news.html

Powell's pivot on inflation turns the trader pandemic playbook on its head

https://www.cnbc.com/2021/12/01/powells-pivot-on-inflation-turns-the-trader-pandemic-playbook-on-its-head.html

CEOs and insiders sell a record $69 billion of their stock

https://www.cnbc.com/2021/12/01/ceos-and-insiders-sell-a-record-69-billion-of-their-stock.html

Is A Stock Market Crash Like 2000 Possible? - RIA

https://realinvestmentadvice.com/is-a-stock-market-crash-like-2000-possible

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Are These The Charts That Spooked Jerome Powell? | Global Macro Monitor

https://global-macro-monitor.com/2021/11/30/are-these-the-charts-that-spooked-jerome-powell/

Janet Yellen: Spending Will 'Actually Reduce' Deficits

https://www.mediaite.com/news/treasury-secretary-yellen-claims-bidens-1-75-trillion-spending-plan-will-actually-reduce-annual-deficits/

97ef7f52dbc74699885602c699684099

Transitory is gone, never to be uttered by the Fed again. So what does this mean?

TOPICS AND TIMESTAMPS:

The Plug 0:00

FED’S BIG SHIFT 0:37

TURNING POINT 6:30

PERMANENT 9:44

Dow drops 650 points on growing omicron fears, Powell taper comments

https://www.cnbc.com/2021/11/29/stock-market-futures-open-to-close-news.html

Hawkish Powell Tilt, Omicron Mount - Bloomberg

https://www.bloomberg.com/news/articles/2021-11-30/waves-of-volatility-whipsaw-markets-on-powell-tilt-omicron-risk?srnd=premium-canada

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Federal Reserve: Jerome Powell Floats Early End to Bond-Buy Tapering - Bloomberg

https://www.bloomberg.com/news/articles/2021-11-30/powell-says-appopriate-to-weigh-earlier-end-to-bond-buy-tapering?srnd=premium-canada

Jerome Powell Ditches “Transitory” Inflation Tag, Paves Way for Rate Hike - Bloomberg

https://www.bloomberg.com/news/articles/2021-11-30/powell-ditches-transitory-inflation-tag-paves-way-for-rate-hike?srnd=premium-canada

Hawkish Jerome Powell Is a Force Markets Haven’t Faced in Three Years - Bloomberg

https://www.bloomberg.com/news/articles/2021-11-30/hawkish-powell-is-a-force-markets-haven-t-faced-in-three-years

TOPICS AND TIMESTAMPS:

Ups and Downs 0:00

CONTAGION DESTABILIZATION 0:40

FINANCIAL UNCERTAINTIES 5:09

Dow futures tumble in reversal from Monday's rebound

https://www.cnbc.com/2021/11/29/stock-market-futures-open-to-close-news.html

Fed Chair Powell says omicron variant poses risk to economy, complicates inflation

https://www.cnbc.com/2021/11/29/fed-chair-powell-says-omicron-variant-poses-risk-to-economy-complicates-inflation.html

Markets Face Weeks of Uncertainty in Wait for Virus Answers - Bloomberg

https://www.bloomberg.com/news/articles/2021-11-28/markets-face-weeks-of-uncertainty-in-wait-for-omicron-answers

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https://cms.zerohedge.com/s3/files/inline-images/omicron%20poll%20DB.jpg?itok=MAM7hqOq

California ship pileup still piling up — but out of sight, over horizon

https://www.freightwaves.com/news/california-pileup-still-piling-up-but-out-of-sight-over-horizon

Brands No Longer See Metaverse-Like Worlds as Abstract Gimmicks - WSJ

https://www.wsj.com/articles/brands-no-longer-see-metaverse-like-worlds-as-abstract-gimmicks-11638190802

TOPICS AND TIMESTAMPS:

Rumbling 0:00

CHINA’S PUSH 0:31

BIG MONEY LOSS 3:36

INSIDERS SELLING 5:38

China Urges Local Governments to Spend to Counter Economic Slump - Bloomberg

https://www.bloomberg.com/news/articles/2021-11-25/china-urges-local-governments-to-spend-more-to-counter-slump

China Developers Face $1.3 Billion in December Bond Payments - Bloomberg

https://www.bloomberg.com/news/articles/2021-11-28/china-s-developers-face-1-3-billion-in-december-bond-payments

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https://cms.zerohedge.com/s3/files/inline-images/china%20property%20restrictions.jpg?itok=4XSqYS58

Chengdu Is First Chinese City to Relax Rules for Property Developers - Bloomberg

https://www.bloomberg.com/news/articles/2021-11-25/major-chinese-city-becomes-first-to-relax-rules-for-developers?sref=6uww027M

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TOPICS AND TIMESTAMPS:

Bump or Cliff? 0:00

NEW LOCKDOWNS? 0:22

WILL MARKETS REACT? 4:24

CUT OFF 7:17

Dow falls 900 points for worst day of year on fears of new Covid variant, S&P 500 drops 2%

https://www.cnbc.com/2021/11/26/stock-futures-open-to-close-market-news.html

Inflation and the Fed is the Focus for Bond Traders - Bloomberg

https://www.bloomberg.com/news/articles/2021-11-27/bond-traders-focused-on-inflation-fight-even-amid-omicron-fear?srnd=premium-canada

Dow Jones Futures: Market Rally Awaits Omicron Variant News After Covid Sell-Off; What To Do Now | Investor's Business Daily

https://www.investors.com/market-trend/stock-market-today/dow-jones-futures-covid-variant-fears-slam-stock-market-rally-pfizer-moderna-jump-tesla-rival-li-auto-on-tap/

Omicron News: Markets Have a Lot to Unwind Should Covid Scare Stick - Bloomberg

https://www.bloomberg.com/news/articles/2021-11-27/melt-up-markets-have-a-lot-to-unwind-should-covid-scare-stick?srnd=premium-canada

Huckleberries in Short Supply Amid Booming Demand, Weak Harvests - Bloomberg

https://www.bloomberg.com/news/articles/2021-11-24/huckleberries-in-short-supply-amid-booming-demand-weak-harvests?srnd=premium-canada

‘There’s going to be an incredible shortage’: Not much joy for Christmas tree shoppers this year | The Star

https://www.thestar.com/news/gta/2021/11/24/theres-going-to-be-an-incredible-shortage-not-much-joy-for-christmas-tree-shoppers-this-year.html

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Markets dropped heavily as concerns of new economic slowdown amid restrictions.

TOPICS AND TIMESTAMPS:

Again? 0:00

MARKETS SEE RED 0:37

WINNERS & LOSERS 6:43

NO TAPER? 9:50

Dow falls 900 points for worst day of year on fears of new Covid variant, S&P 500 drops 2%

https://www.cnbc.com/2021/11/26/stock-futures-open-to-close-market-news.html

Bostic Plays Down Risk From New Variant, Is Open to Faster Taper - Bloomberg

https://www.bloomberg.com/news/articles/2021-11-26/bostic-plays-down-risk-from-new-variant-is-open-to-faster-taper?srnd=premium-canada

Oil drops 13% in worst day of 2021, breaks below $70 as new Covid variant sparks global demand concerns

https://www.cnbc.com/2021/11/26/oil-tumbles-5percent-as-new-covid-variant-sparks-global-demand-concerns.html

Crude Oil Prices Today | OilPrice.com

https://oilprice.com/

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Antitrust Tech Bills Gain Bipartisan Momentum in Senate - WSJ

Many are wondering if everything is so great, why can’t I make ends meet?

TOPICS AND TIMESTAMPS:

SECURE? 0:00

FOOD INSECURITY 0:09

SOCIAL INSECURITY 3:04

ENERGY INTENSITY 6:10

$GPS INSIGHTS

#1 BUY IN BULK, SPLIT WITH FRIENDS/FAMILY

#2 FIND LOCAL DISTRIBUTORS/FOOD TERMINALS TO SOURCE CHEAPER

#3 MANY RESTAURANTS NEED HELP, WORK OUT A DEAL

High prices, food insecurity crimps Thanksgiving dinners - Los Angeles Times

https://www.latimes.com/business/story/2021-11-25/thanksgiving-food-insecurity-higher-prices-housing-costs-los-angeles-food-banks

Holiday shopping ‘hell’: workers brace for unruly customers and labor strikes | Black Friday | The Guardian

https://www.theguardian.com/business/2021/nov/24/holiday-shopping-hell-workers-brace-for-unruly-customers-and-labor-strikes

Social Security Steams Closer to Crisis - by Brian McGlinchey - Stark Realities with Brian McGlinchey

https://starkrealities.substack.com/p/social-security-steams-closer-to

Higher and higher: Used truck price inflation shows no signs of abating - FreightWaves

https://www.freightwaves.com/news/higher-and-higher-used-truck-price-inflation-shows-no-signs-of-abating

The global economic collapse is not a singular circumstance. It’s an asynchronous series of events.

TOPICS AND TIMESTAMPS:

Asynchronous 0:00

FOOD PRICES 0:11

INFLATION SENSATION 2:23

POSITIVE CHANGES 10:29

U.S. weekly jobless claims hit 52-year low, economy ...

https://news.trust.org/item/20211124144203-brx3i

Weekly jobless claims post stunning decline to 199,000, lowest level since 1969

https://www.cnbc.com/2021/11/24/us-jobless-claims-fall-to-just-199000-the-lowest-level-since-1969.html

Thanksgiving Fix: Ocean Spray Can Shortage Prompts Switch to Fresh Cranberries - Bloomberg

https://www.bloomberg.com/news/articles/2021-11-22/ocean-spray-can-shortage-prompts-switch-to-fresh-cranberries

Wine up 15% in a day, chicken by 10%. The price Turks are paying for country's currency collapse | Business News | Sky News

https://news.sky.com/story/wine-up-15-in-a-day-chicken-by-10-the-price-we-are-paying-for-turkeys-currency-collapse-12477649

Dollar Tree, Inc. Reports Results for the Third Quarter Fiscal 2021 | Dollar Tree

https://www.dollartreeinfo.com/news-releases/news-release-details/dollar-tree-inc-reports-results-third-quarter-fiscal-2021

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TOPICS AND TIMESTAMPS:

The Next Phase 0:00

LOWER STANDARDS 1:03

STAGE SET 7:55

COLD 11:47

$GPS INSIGHTS

#1 COLD WEATHER IS HAPPENING QUICKER AND INTENSE THAN USUAL

#2 CROP FAILURES, PRICE HIKES, SUPPLY PROBLEMS ALL BRING UP ”SOLUTIONS”

#3 THOSE IN CONTROL SUGGEST YOU LEARN TO LIVE WITHOUT

What Jerome Powell as Fed Chair Means for Stocks, Crypto, Housing, Inflation - Bloomberg

https://www.bloomberg.com/news/articles/2021-11-22/what-jerome-powell-as-fed-chair-means-for-stocks-crypto-housing-inflation?srnd=premium-canada

Monthly US Inflation To Return To 0.2-0.3 Pct In Second Half Of 2022: Yellen | Barron's

https://www.barrons.com/news/monthly-us-inflation-to-return-to-0-2-0-3-pct-in-second-half-of-2022-yellen-01637630706

Farm Bureau: Survey Shows Thanksgiving Dinner Cost Up 14%

https://www.fb.org/newsroom/farm-bureau-survey-shows-thanksgiving-dinner-cost-up-14

Thanksgiving turkey more expensive this year due to shortage

https://www.kxxv.com/brazos/thanksgiving-turkey-more-expensive-this-year-due-to-shortage

(5) St. Louis Fed on Twitter: "From the FRED Blog: A Thanksgiving dinner serving of poultry costs $1.42. A soybean-based dinner serving with the same amount of calories costs 66 cents and provides almost twice as much protein https://t.co/qmyjwZd7aU https://t.co/pHv3ZR9o6u" / Twitter