The Money GPS

TOPICS AND TIMESTAMPS:

Hmmm That’s Odd 0:00

2 ANOMALIES 0:35

UNTAPPED TRANSPORT 7:38

INFLATION CREATION 9:04

$GPS INSIGHTS

#1 FIGURES DO NOT ADD UP AND THAT CREATES A BIG CONCERN

#2 INFLATION IS PUSHING MOST PEOPLE TO FEEL HARD TIMES

#3 INVESTORS CAN HOLD REAL ASSETS, DIVERSIFY, AND BE AGILE

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https://cms.zerohedge.com/s3/files/inline-images/bfm7D43.jpg?itok=Ol71qUwK

Consumer prices rise more than expected as energy costs surge

https://www.cnbc.com/2021/10/13/the-consumer-price-index-rose-5point4percent-year-over-year-in-september-vs-5point3percent-estimate.html

Winter heating bills set to jump as inflation hits home

https://apnews.com/article/business-prices-inflation-28e1231bdb445d482bb2d2e25dff1983

Prices continue to rise—here's what's getting the most expensive

https://www.cnbc.com/2021/10/13/prices-continue-to-riseheres-whats-getting-the-most-expensive.html

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https://cms.zerohedge.com/s3/files/inline-images/2021-10-13%20%283%29.png?itok=h7vUACo9

Microsoft Word - National Report_Oct2021-FINAL.docx

https://media.npr.org/assets/img/2021/10/08/national-report-101221-final.pdf

Untapped potential: Far too little freight on US waterways, experts say - FreightWaves

https://www.freightwaves.com/news/far-too-little-freight-on-us-waterways-experts-say

[email protected] (1224×1033)

https://s29755.pcdn.co/wp-content/uploads/2021/10/[email protected]

'There will be things that people can't get,' at Christmas, White House warns | Reuters

https://www.reuters.com/world/us/americans-may-not-get-some-christmas-treats-white-house-officials-warn-2021-10-12/

White House: Walmart, FedEx, UPS to go 24/7 to address supply bottlenecks | TheHill

https://thehill.com/homenews/administration/576463-white-house-says-walmart-fedex-ups-will-move-to-24-7-model-to-address?rl=1

A Stock Market Malaise With the Shadow of ’70s-Style Stagflation – DNyuz

https://dnyuz.com/2021/10/13/a-stock-market-malaise-with-the-shadow-of-70s-style-stagflation/

Column: Beset by coal shortages, India’s power grid struggles to meet demand: Kemp | Reuters

https://www.reuters.com/business/energy/beset-by-coal-shortages-indias-power-grid-struggles-meet-demand-kemp-2021-10-12/

China liberalises coal-fired power pricing to tackle energy crisis | Reuters

https://www.reuters.com/world/china/china-liberalise-thermal-power-pricing-tackle-energy-crisis-2021-10-12/

China property shares pummelled as Evergrande impact widens | Reuters

https://www.reuters.com/world/china/china-property-shares-pummelled-evergrande-impact-widens-2021-10-14/

Big boost for Social Security benefits as inflation rises

https://apnews.com/article/social-security-cola-increase-4f2cd7b763371b91923227be883e367e?utm_source=Twitter&utm_campaign=SocialFlow&utm_medium=AP

Fed says it could begin 'gradual tapering process' by mid-November

https://www.cnbc.com/2021/10/13/federal-reserve-releases-minutes-from-its-september-policy-meeting.html

Singapore central bank tightens policy in surprise move | Reuters

https://www.reuters.com/article/singapore-cenbank/singapore-central-bank-tightens-policy-in-surprise-move-idUSP8N2N4014

Federal Reserve Taper Could Start in Mid-Nov. or Dec.: FOMC Minutes - Bloomberg

https://www.bloomberg.com/news/articles/2021-10-13/fed-officials-saw-taper-starting-in-mid-november-or-mid-december

TOPICS AND TIMESTAMPS:

The Hangover 0:00

FED GETS READY 0:38

INFLATION SENSATION 7:05

NEXT BIG THING 12:07

$GPS INSIGHTS

#1 FED ACTIVELY PREPARING MARKETS FOR TAPER

#2 TAPER DOESN’T HAVE IMMEDIATE NEGATIVE IMPACT. REDUCES RISK TAKING.

#3 MORE INFLATION MEANS WE MUST TAKE ACTION STEPS NOW.

The Current Inflation Episode: Have We Met Our FAIT? - October 12, 2021 - Federal Reserve Bank of Atlanta

https://www.atlantafed.org/news/speeches/2021/10/12/bostic-the-current-inflation-episode

Atlanta Fed chief says US jobs slowdown should not derail taper timeline | Financial Times

https://www.ft.com/content/84743f7a-59ca-4451-882b-7b89fdae23d6

Fed's Bullard says bond purchases should be tapered quickly in case rate hikes are needed

https://www.cnbc.com/2021/10/12/feds-bullard-says-bond-purchases-should-be-tapered-quickly-in-case-rate-hikes-are-needed.html#:~:text=St.%20Louis%20Federal%20Reserve%20President,its%20monthly%20bond%2Dbuying%20program.

Fed policymakers hone in on November taper timeline | Reuters

https://www.reuters.com/article/usa-fed-clarida-idUSKBN2H21I4

Consumers' Inflation Expectations Remain Elevated for the Short- and Medium-Term - FEDERAL RESERVE BANK of NEW YORK

https://www.newyorkfed.org/newsevents/news/research/2021/20211012

IMF warns of need to be ‘very, very vigilant’ over rising inflation risks | Financial Times

https://www.ft.com/content/f73d584f-fb2a-4a2f-ab8a-fa759031fa59?emailId=61658688776f0d0004cf255d

Europe’s No. 1 Meat Processor Says Steaks Will Soon Be Champagne-Like Luxury - Bloomberg

https://www.bloomberg.com/news/articles/2021-10-12/europe-s-no-1-meat-processor-says-steaks-will-be-like-champagne

Gas prices hit $5 in Manhattan

https://www.fox5ny.com/news/gas-prices-hit-5-in-manhattan

Shipt is an underappreciated growth engine for Target's sales, analyst says

https://www.cnbc.com/2021/10/12/shipt-is-an-underappreciated-growth-engine-for-targets-sales-analyst-says.html

Hedge funds snap up uranium in bet on green energy shift | Financial Times

https://www.ft.com/content/e4a7c920-a5da-4c00-8994-d2bef944e81c

Sharp surge in energy prices threatens economic recovery and is already slowing growth

https://www.cnbc.com/2021/10/12/sharp-surge-in-energy-prices-threatens-economic-recovery-and-is-already-slowing-growth.html

Snow weather: Brits face November freeze as 'polar vortex collapse' to send temperatures PLUMMETING

https://www.the-sun.com/news/3831989/snow-uk-weather-britain-november-temperatures-cold/

Kompasu Typhoon Warning Closes China's Shenzhen Port, Hitting Supply Chains - Bloomberg

https://www.bloomberg.com/news/articles/2021-10-12/worst-ship-traffic-jam-since-august-outside-top-chinese-port

Premarket stocks: $80 oil is here. Is $100 next? - CNN

https://www.cnn.com/2021/10/12/investing/premarket-stocks-trading/index.html

'Desperate for tires.' Components shortage roils U.S. harvest | Reuters

https://www.reuters.com/world/the-great-reboot/desperate-tires-components-shortage-roils-us-harvest-2021-10-12/

TOPICS AND TIMESTAMPS:

The Extreme 0:00

CHINA’S NEW CRISIS 0:39

EVERGRANDE CONTAGION 5:52

INFLATION STATION 10:19

$GPS INSIGHTS

#1 CHINA’S PROBLEMS CANNOT BE CONTAINED EASILY

#2 SUPER LOW INTEREST RATES CREATE ISSUES THAT CAN’T BE RESOLVED

#3 FUNDAMENTAL CRISES NEED RESOLUTION ON A PERSONAL LEVEL

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https://cms.zerohedge.com/s3/files/inline-images/china%20thermal%20coal%2010.11.jpg?itok=93jA0PZA

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https://cms.zerohedge.com/s3/files/inline-images/china%20therma%20coal%20futs.jpg?itok=yhgQSpQL

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https://cms.zerohedge.com/s3/files/inline-images/china%20coal%20futs%20vs%20ppi.jpg?itok=vyTnddIB

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https://cms.zerohedge.com/s3/files/inline-images/china%20barometer.jpg?itok=FHnPynR5

China Coal Futures Surge to Record as Flood Swamps Mine Hub - Bloomberg

https://www.bloomberg.com/news/articles/2021-10-11/china-coal-futures-surge-to-record-amid-flooding-in-key-mine-hub

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China's Energy Crisis Deepens With Coal Soaring, Flooding in Mining Region - Bloomberg

https://www.bloomberg.com/news/articles/2021-10-12/coal-hits-another-record-in-china-as-floods-deepen-energy-crisis

China’s power crisis prompts warning from rust-belt despite efforts to boost coal supply, manage electricity | South China Morning Post

https://www.scmp.com/economy/china-economy/article/3151934/chinas-power-crisis-prompts-warning-rust-belt-despite-efforts

Evergrande crisis: developer Modern Land (China) seeks debt extension, to repay US$87.5 million early | South China Morning Post

https://www.scmp.com/business/banking-finance/article/3151913/evergrande-crisis-developer-modern-land-china-seeks-debt

China's bond markets slump again as new Evergrande deadline passes | Reuters

https://www.reuters.com/world/china/china-evergrande-bondholders-brace-mondays-coupon-deadline-2021-10-11/

Bondholders Didn’t Receive Interest Payments: Evergrande Update - Bloomberg

https://www.bloomberg.com/news/articles/2021-10-11/investors-scour-property-sector-for-stress-evergrande-update

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https://cms.zerohedge.com/s3/files/inline-images/crude%20steel%20production.jpg?itok=ciefNmpi

Xi Jinping Scrutinizes Chinese Financial Institutions’ Ties With Private Firms - WSJ

https://www.wsj.com/articles/xi-jinping-scrutinizes-chinese-financial-institutions-ties-with-private-firms-11633972484?mod=hp_lead_pos6

Michael Burry Archive (@BurryArchive) / Twitter

https://twitter.com/BurryArchive/status/1445891161277837312/photo/1

Kraft Heinz says people must get used to higher food prices - BBC News

https://www.bbc.com/news/business-58847275

Gas prices skyrocket as the global energy crisis worsens - CNN

https://www.cnn.com/2021/10/11/business/gas-prices-oil-opec/index.html

Yet another worry: Price of ship fuel is now highest since 2014

https://www.freightwaves.com/news/yet-another-worry-price-of-ship-fuel-is-now-highest-since-2014

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Some Colorado River farmers are paid to leave fields dry - Los Angeles Times

https://www.latimes.com/environment/story/2021-10-10/colorado-river-california-farmers-dry-fields-fallow-drought

TOPICS AND TIMESTAMPS:

More Power 0:00

U.S. GRID DOWN? 0:41

COAL COMEBACK 7:30

DEEPER LOOK 11:34

$GPS INSIGHTS

#1 GLOBALLY COMPOUNDING PROBLEMS HAVE RESULTED IN HIGHER PRICES

#2 ENERGY HAS BEEN A CONCERN WHICH IS NOW TURNING TO THE U.S.

#3 HAVE SOME SORT OF BACKUP IN PLACE BEFORE WINTER

Global Energy Crisis Threatens to Hit U.S. Electricity Grids This Winter - Bloomberg

https://www.bloomberg.com/news/articles/2021-10-07/energy-crisis-may-trigger-u-s-winter-blackouts-xcoal-ceo-says

Global Energy Crisis Threatens to Hit U.S. Electricity Grids This Winter - Bloomberg

https://www.bloomberg.com/news/articles/2021-10-07/energy-crisis-may-trigger-u-s-winter-blackouts-xcoal-ceo-says

America Is Running Out of Everything

https://www.msn.com/en-us/money/news/america-is-choking-under-an-e2-80-98everything-shortage-e2-80-99/ar-AAPeokg

World food prices hit 10-year peak -FAO

https://news.trust.org/item/20211007084335-s8h2o

Just 180 More Days Until Your Oven Arrives: Appliance Delays Cause Havoc - WSJ

https://www.wsj.com/articles/oven-fridge-home-appliance-delays-kitchen-renovation-11633557751

Toys May Be Harder To Get In Time For Holidays Due To Global Supply Chain Delays – CBS Dallas / Fort Worth

https://dfw.cbslocal.com/2021/10/06/toys-holidays-global-supply-chain-delays/

Diaper shortage hits US amid COVID-19 pandemic, supply chain issues

https://www.fox5ny.com/news/diaper-shortage-hits-us-amid-covid-19-pandemic-supply-chain-issues

Mining Jobs: U.S. Coal Companies Can’t Find the Workers to Fill Pits - Bloomberg

https://www.bloomberg.com/news/articles/2021-10-06/coal-producers-in-u-s-lack-miners-to-meet-surging-global-demand

Oil Rallies After U.S. Signals No Plans to Tap Crude Reserves - Bloomberg

https://www.bloomberg.com/news/articles/2021-10-06/oil-holds-drop-from-seven-year-high-as-energy-crunch-fears-ease

Kellogg (K) Prepares to Restart Idled U.S. Plants Amid Worker Strike - Bloomberg

https://www.bloomberg.com/news/articles/2021-10-06/kellogg-prepares-to-restart-idled-u-s-plants-amid-worker-strike

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https://cms.zerohedge.com/s3/files/inline-images/route%202021-10-07_7-18-50.jpg?itok=kNtStXlD

The world is questioning Washington’s competence, fearing prospect of U.S. default

https://www.msn.com/en-us/money/news/the-world-is-questioning-washington-e2-80-99s-competence-fearing-prospect-of-us-default/ar-AAPdNBY

Small crack in pipeline may have delayed oil spill detection

https://apnews.com/article/business-europe-california-environment-and-nature-0e3d71b1f161822bb157ce8d73dbbd11

US submarine hits underwater object in South China Sea - CNNPolitics

https://www.cnn.com/2021/10/07/politics/us-submarine-collision-south-china-sea/index.html

TOPICS AND TIMESTAMPS:

Big Steps 0:00

RISKY BUSINESS 0:37

THE KEY? 2:30

WILD TRENDS 11:32

$GPS INSIGHTS

#1 PRICES OF ENERGY HAVE REACHED CRITICAL LEVEL

#2 UNDER CURRENT POLICIES, PRICES ARE LIKELY TO INCREASE

#3 WATCH CLOSELY TO UNDERSTAND THE INFLATIONARY MADNESS UNFOLD

Democrats, Republicans agree to short-term debt limit increase - Roll Call

https://www.rollcall.com/2021/10/06/manchin-forget-about-filibuster-carve-out-for-debt-limit-bill/

ADP National Employment Report

https://adpemploymentreport.com/

Coal Shortages Push Up Prices, Weigh on Economies - WSJ

https://www.wsj.com/articles/coal-shortages-push-up-prices-weigh-on-economies-11633525885

European Industry Buckles Under a Worsening Energy Squeeze - Bloomberg

https://www.bloomberg.com/news/articles/2021-10-06/european-industry-is-buckling-under-a-worsening-energy-squeeze

(2) John Kemp on Twitter: "EU28 GAS PRICES will continue climbing until the market sees signs of actual demand-destruction - most likely announcements of temporary factory closures, longer holiday shutdowns over Christmas, and reductions in street lighting and commercial building thermostat targets" / Twitter

https://twitter.com/JKempEnergy/status/1445677823247585282?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1445682317234638854%7Ctwgr%5E%7Ctwcon%5Es3_&ref_url=https%3A%2F%2Fwww.zerohedge.com%2Fcommodities%2Fjust-ridiculous-european-natgas-jumps-40-eu-politicians-panic

Gas Eases After 60% Surge as Putin Offers to Stabilize Market - Bloomberg

https://www.bloomberg.com/news/articles/2021-10-06/europe-gas-extends-record-rally-with-surge-above-130-euros

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UN agency warns of looming global water crisis | TheHill

https://thehill.com/policy/energy-environment/575530-un-agency-warns-of-looming-global-water-crisis?rl=1

Experts Say Prices At Grocery Stores Will Continue To Rise For Over A Year – CBS Los Angeles

https://losangeles.cbslocal.com/2021/10/05/grocery-store-prices/

Dry bulk shipping rates hit $80,000 per day as buyers scramble for coal

https://www.freightwaves.com/news/dry-bulk-shipping-rates-hit-80000-per-day-as-buyers-scramble-for-coal

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Blinken Urges China to Act Responsibly in Evergrande Crisis - Bloomberg

https://www.bloomberg.com/news/articles/2021-10-06/blinken-urges-china-to-act-responsibly-in-evergrande-crisis?srnd=markets-vp

ECB Said to Study New Bond-Buying Plan for When Crisis Tool Ends - Bloomberg

https://www.bloomberg.com/news/articles/2021-10-06/ecb-said-to-study-new-bond-buying-plan-for-when-crisis-tool-ends

(2) Eric Balchunas on Twitter: "Yes, the SEC has kicked can on bitcoin ETF approval BUT that is for the physically-backed ones under '33 Act. The futures ETFs filed under the '40 Act (which Genz loves) are very much alive and likely on schedule (we think 75% chance approved in Oct). Here's our odds: https://t.co/DUEvRANvO7" / Twitter

https://twitter.com/EricBalchunas/status/1444283405949181955?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1444283405949181955%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fwww.zerohedge.com%2Fcrypto%2Fcryptos-are-suddenly-exploding-higher

TOPICS AND TIMESTAMPS:

Heating Up 0:00

ASSET RUSH 0:43

INFLATION HEAT 2:56

MARKET MADNESS 10:35

$GPS INSIGHTS

#1 MORE MONEY HAS RUSHED INTO COMMODITIES BY BIG INVESTORS

#2 PRICE BOOM ATTRACTS MORE INCENTIVE FOR RESOURCE HARVESTING

#3 STAY AHEAD OF THE TREND BUT NOT OVERLY LEVERAGED

(1) Michael Burry Archive on Twitter: "https://t.co/LcMtHTszlH" / Twitter

https://twitter.com/BurryArchive/status/1443061217669664771/photo/2

Strategist on oil prices in winter, China and Europe energy crisis

https://www.cnbc.com/2021/10/06/strategist-on-oil-prices-in-winter-china-and-europe-energy-crisis.html

Column: Hedge funds flock to oil as energy shortages worsen: Kemp | Reuters

https://www.reuters.com/business/energy/hedge-funds-flock-oil-energy-shortages-worsen-kemp-2021-10-04/

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Smaller Products, Rising Prices: Shrinkflation Hitting Grocery Store Shelves – WCCO | CBS Minnesota

https://minnesota.cbslocal.com/2021/10/05/smaller-products-rising-prices-shrinkflation-hitting-grocery-store-shelves/

New Zealand Raises Rates to Tame Inflation With More to Come - Bloomberg

https://www.bloomberg.com/news/articles/2021-10-06/new-zealand-raises-rates-to-tame-inflation-signals-more-to-come?srnd=fixed-income

Stagflation Fears Are Overstated, Except in Britain's Renaissance - Bloomberg

https://www.bloomberg.com/opinion/articles/2021-10-05/stagflation-fears-are-overstated-except-in-britain-s-renaissance?srnd=opinion

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UPDATE 1-Poland's central bank wants to buy 100 tonnes of gold, governor says | Reuters

https://www.reuters.com/article/poland-gold-glapinski-idUSL1N2LD11D

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https://cms.zerohedge.com/s3/files/inline-images/SPX%20vs%2010y.jpg?itok=-AbEF4SO

Manhattan Homebuyers Send Sales Soaring to Best in Three Decades - Bloomberg

https://www.bloomberg.com/news/articles/2021-10-05/manhattan-homebuyers-send-sales-soaring-to-best-in-three-decades

This veteran analyst hears echoes of the 1929 crash in today’s stock market - MarketWatch

https://www.marketwatch.com/story/why-this-veteran-analyst-sees-stocks-headed-for-the-biggest-bear-market-since-the-great-depression-11633432477

Buy the dip has failed. Here’s what investors need to do next, says Morgan Stanley. - MarketWatch

https://www.marketwatch.com/story/buy-the-dip-has-failed-heres-what-investors-need-to-do-next-says-morgan-stanley-11633346628?mod=mw_more_headlines

U.S. Trade Deficit Widened to Record in August as Imports Rebound - WSJ

https://www.wsj.com/articles/u-s-trade-deficit-widens-to-record-august-as-imports-rebound-11633438717

China unloads Australian coal despite import ban amid power shortage | Financial Times

https://www.ft.com/content/eae7454f-60de-4b76-a2b5-b61a2b63ee47

China’s Developers Priced for Meltdown as Contagion Risk Spreads - Bloomberg

https://www.bloomberg.com/news/articles/2021-10-05/china-dollar-junk-bonds-set-for-worst-drop-since-at-least-2013

The IRS Wants to Look at Your Bank Account - WSJ

https://www.wsj.com/articles/internal-revenue-service-irs-rettig-yellen-brady-bank-account-tax-proposal-revenue-privacy-data-breach-11633287461

Scrutiny Intensifies on Federal Reserve After Trades Revealed - Bloomberg

https://www.bloomberg.com/news/articles/2021-10-05/scrutiny-intensifies-on-federal-reserve-after-trades-revealed

TOPICS AND TIMESTAMPS:

The Unfolding 0:00

ENERGY CRISIS 0:54

MARGIN CALLS 10:07

HUGE SHIFTS 13:23

$GPS INSIGHTS

#1 LOW INVENTORY, HIGH DEMAND, LOW SUPPLY, AND OUTAGES

#2 INFLATION WILL REMAIN, LEAVING SAVERS DESTROYED

#3 HEDGE AGAINST INFLATION AS BEST YOU CAN

Oil at 7-year high after OPEC+ decides on cautious increase

https://apnews.com/article/coronavirus-pandemic-business-economy-prices-opec-54c606517408481b9f99895b168a07cb

Bloomberg Commodities Index Hits Record High - Bloomberg

https://www.bloomberg.com/news/articles/2021-10-04/commodities-index-hits-record-as-world-rebound-meets-shortages?srnd=premium-canada

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Dubai Port Operator DP World Sees Lasting Supply Disruptions - Bloomberg

https://www.bloomberg.com/news/articles/2021-10-01/dubai-port-operator-dp-world-sees-lasting-supply-disruptions?srnd=markets-vp

Power crunch looms in India as coal stocks reach crisis point | Financial Times

https://www.ft.com/content/a3ca4eaa-9ecc-4a81-ad53-4902fae4bd61

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Amazon (AMZN) Stock Turns Negative For Year - Bloomberg

https://www.bloomberg.com/news/articles/2021-10-04/amazon-turns-negative-for-2021-as-higher-yields-add-to-pressure

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Exclusive: Commodity traders face big margin calls as gas prices soar | Reuters

https://www.reuters.com/business/energy/exclusive-commodity-traders-face-big-margin-calls-gas-prices-soar-2021-10-04/

Commodity traders face big margin calls as gas prices soar | Financial Post

https://financialpost.com/pmn/business-pmn/commodity-traders-face-big-margin-calls-as-gas-prices-soar-2#:~:text=the%20sources%20said.-,Commodity%20traders%20face%20big%20margin%20calls%20as%20gas%20prices%20soar,their%20profits%2C%20the%20sources%20said.

ARERA - Energy: Government intervention reduces the impact of increases, + 29.8% for electricity and + 14.4% for gas. Zero impact on families in difficulty

https://www.arera.it/it/com_stampa/21/210928agg.htm

Silicon’s 300% Surge Throws Another Price Shock at the World - Bloomberg

https://www.bloomberg.com/news/articles/2021-10-01/silicon-s-300-surge-throws-another-price-shock-at-the-world

Texas Company Offers Truckers $14K a Week During Tough Times for the Trucking Industry | Engaging Car News, Reviews, and Content You Need to See – alt_driver

https://altdriver.com/country/texas-company-offers-drivers-14k-a-week-during-truck-driver-shortage/

Nord Stream 2 operator starts gas filling of first string - Business & Economy - TASS

https://tass.com/economy/1345509

Fed Prepares to Launch Review of Possible Central Bank Digital Currency - WSJ

https://www.wsj.com/articles/fed-prepares-to-launch-review-of-possible-central-bank-digital-currency-11633339800

cbdcs.jpg (930×731)

https://cms.zerohedge.com/s3/files/inline-images/cbdcs.jpg?itok=XN6TAl7Z

Statement by Philip Lowe, Governor: Monetary Policy Decision | Media Releases | RBA

https://www.rba.gov.au/media-releases/2021/mr-21-22.html

TOPICS AND TIMESTAMPS:

EVERGRANDE HALT 0:39

PERMANENT INFLATION 7:21

GETTING MESSY 13:41

$GPS INSIGHTS

#1 EVERGRANDE HAS 40-50% OFF BALANCE SHEET DEBT

#2 FINANCIAL CONTAGION AND SHADOW BANKING HIDE BENEATH SURFACE

#3 INVESTORS MUST PREPARE FOR SPILLOVER EFFECTS, JUST IN CASE

Share Trading Suspended as Debt Test Looms: Evergrande Update - Bloomberg

https://www.bloomberg.com/news/articles/2021-10-04/share-trading-suspended-as-debt-test-looms-evergrande-update?sref=Yg3sQEZ2&utm_source=twitter&cmpid=socialflow-twitter-business&utm_content=business&utm_campaign=socialflow-organic&utm_medium=social

Sunk costs: business failures from the Titanic to Evergrande | The Economist

https://www.economist.com/1843/2021/10/01/sunk-costs-business-failures-from-the-titanic-to-evergrande

Evergrande, Property Management Unit Share Trading Halted - Bloomberg

https://www.bloomberg.com/news/articles/2021-10-04/evergrande-property-management-unit-suspend-hong-kong-trading

China Steps Up Efforts to Ring-Fence Evergrande, Not Save It - Bloomberg

https://www.bloomberg.com/news/articles/2021-10-03/china-steps-up-efforts-to-ring-fence-evergrande-not-to-save-it?srnd=all

China GDP revised_0.jpg (796×503)

https://cms.zerohedge.com/s3/files/inline-images/China%20GDP%20revised_0.jpg?itok=Ln9tjwXJ

U.S. could be heading into an ‘era’ of high inflation that produces paltry, or even negative, real returns on safe assets, analyst warns - MarketWatch

https://www.marketwatch.com/story/u-s-could-be-heading-into-an-era-of-high-inflation-that-produces-paltry-or-even-negative-real-returns-on-safe-assets-analyst-warns-11633016799

ship 6.jpg (800×572)

https://cms.zerohedge.com/s3/files/inline-images/ship%206.jpg?itok=sfM_6d6z

THOMSON REUTERS PRESENTATION TEMPLATE

https://fingfx.thomsonreuters.com/gfx/ce/zjpqkjzympx/EUROPE%20GAS%20AND%20ELECTRICITY%20PRICES.pdf

Energy Crisis Forces German Power Plant to Halt on Lack of Coal - Bloomberg

https://www.bloomberg.com/news/articles/2021-10-01/energy-crisis-forces-german-power-plant-to-halt-on-lack-of-coal?sref=6uww027M

Berliners Are Angry About Housing. And So Is Much of Europe - Bloomberg

https://www.bloomberg.com/news/articles/2021-10-03/berliners-are-angry-about-housing-and-so-is-much-of-europe

Mortgage Payments Haven’t Been This Unaffordable Since 2008 - WSJ

https://www.wsj.com/articles/mortgage-payments-havent-been-this-unaffordable-since-2008-11633253401

uptrend broken ms.jpg (940×444)

https://cms.zerohedge.com/s3/files/inline-images/uptrend%20broken%20ms.jpg?itok=VQze_zXu

National Restaurant Association DC Letterhead

https://restaurant.org/downloads/pdfs/advocacy/2021/reconciliation-letter-to-congressional-leaders

eyJidWNrZXQiOiJhbGlnbmFibGV3ZWItcHJvZHVjdGlvbiIsImtleSI6InVwbG9hZHMvMjUvMGIxMWM4NzYtOTE0MS00NzA5LWFkZGEtNTRkZDk5NWI3YzdkL3NjcmVlbl9zaG90XzIwMjFfMDlfMjhfYXRfMTIuMTkuNDZfYW0ucG5nIiwiZWRpdHMiOnt9fQ== (1292×822)

https://pictures.alignable.com/eyJidWNrZXQiOiJhbGlnbmFibGV3ZWItcHJvZHVjdGlvbiIsImtleSI6InVwbG9hZHMvMjUvMGIxMWM4NzYtOTE0MS00NzA5LWFkZGEtNTRkZDk5NWI3YzdkL3NjcmVlbl9zaG90XzIwMjFfMDlfMjhfYXRfMTIuMTkuNDZfYW0ucG5nIiwiZWRpdHMiOnt9fQ==

DHL Raising Rates for U.S. Shippers by 5.9% - WSJ

https://www.wsj.com/articles/dhl-raising-rates-for-u-s-shippers-by-5-9-11633089600?mod=pls_whats_news_us_business_f

TOPICS AND TIMESTAMPS:

Headwinds 0:00

PERFECT STORM  0:27

INFLATIONARY MADNESS 5:35

PULL THE PLUG? 11:41

$GPS INSIGHTS

#1 PERFECT STORM BREWING WHERE MULTIPLE EVENTS CONVERGE

#2 INFLATION CANNOT BE CONTAINED WITHOUT HIGHER RATES

#3 STOCKS WILL NOT BE ABLE TO GROW WITH HIGHER INTEREST RATES

‘A perfect storm’: supply chain crisis could blow world economy off course | Supply chain crisis | The Guardian

https://www.theguardian.com/business/2021/oct/02/supply-chain-world-economy-energy-labour-transport-covid

1240x-1.png (1240×697)

https://assets.bwbx.io/images/users/iqjWHBFdfxIU/iPtZuRq3Yi7w/v2/pidjEfPlU1QWZop3vfGKsrX.ke8XuWirGYh1PKgEw44kE/1240x-1.png

1240x-1.png (1240×697)

https://assets.bwbx.io/images/users/iqjWHBFdfxIU/ivyfCZUP_YRA/v2/pidjEfPlU1QWZop3vfGKsrX.ke8XuWirGYh1PKgEw44kE/1240x-1.png

1240x-1.png (1240×697)

https://assets.bwbx.io/images/users/iqjWHBFdfxIU/iwtKukG2haA0/v2/pidjEfPlU1QWZop3vfGKsrX.ke8XuWirGYh1PKgEw44kE/1240x-1.png

‘A perfect storm’: supply chain crisis could blow world economy off course | Supply chain crisis | The Guardian

https://www.theguardian.com/business/2021/oct/02/supply-chain-world-economy-energy-labour-transport-covid

Your Tomatoes May Cost More as Gas Prices Hit Dutch Greenhouses

https://www.bloombergquint.com/onweb/your-tomatoes-may-cost-more-as-gas-prices-hit-dutch-greenhouses

1200x-1.png (1200×692)

https://assets.bwbx.io/images/users/iqjWHBFdfxIU/ict8_pCpci7g/v0/1200x-1.png

China’s Energy Crisis Highlights Weaknesses in Xi’s Power Plans - Bloomberg

https://www.bloomberg.com/news/articles/2021-10-02/china-s-energy-crisis-highlights-weaknesses-in-xi-s-power-plans

Headwinds Mounting for World Economy Into Final Stretch of 2021 - Bloomberg

https://www.bloomberg.com/news/articles/2021-10-02/headwinds-mounting-for-world-economy-into-final-stretch-of-2021

1240x-1.png (1240×697)

https://assets.bwbx.io/images/users/iqjWHBFdfxIU/ilKgDeB.k7lw/v2/1240x-1.png

Cost of Shipping Between China and U.S. Plunges - Caixin Global

https://www.caixinglobal.com/2021-10-01/cost-of-shipping-between-china-and-us-plunges-101782973.html

2021-10-01_1.png (1254×660)

https://cms.zerohedge.com/s3/files/inline-images/2021-10-01_1.png?itok=DAOUz2LI

Zillow iBuying Program Pulls Wall Street Deeper Into Housing Market - Bloomberg

https://www.bloomberg.com/news/articles/2021-09-27/zillow-ibuying-program-pulls-wall-street-deeper-into-housing-market

Housing-affordability-2021.jpg (640×367)

https://www.dollarcollapse.com/wp-content/uploads/2021/09/Housing-affordability-2021.jpg

Wall Street’s wild party in jeopardy as Fed threatens aid cutoff - POLITICO

https://www.politico.com/news/2021/10/02/wall-street-fed-threatens-aid-cutoff-514956

1240x-1.png (1240×697)

https://assets.bwbx.io/images/users/iqjWHBFdfxIU/iOKG3BY8W7Us/v2/pidjEfPlU1QWZop3vfGKsrX.ke8XuWirGYh1PKgEw44kE/1240x-1.png

Big Tech’s Stock Market Leadership Is Threatened By Rising Rates - Bloomber

TOPICS AND TIMESTAMPS:

Digging Deep 0:00

VENEZUELA EFFECT 0:39

DEBT LIMIT 7:30

INFLATION UNCERTAINTY 9:51

$GPS INSIGHTS

#1 MANY EXPECT INFLATION TO REMAIN HIGH INTO 2022

#2 ORIGINALLY INFLATION WAS ONLY SUPPOSED TO RISE THROUGH SUMMER

#3 HEDGE AGAINST INFLATION IN EVERY MANNER POSSIBLE

Fed’s Powell says high U.S. inflation could last into early next year due to shortages - MarketWatch

https://www.marketwatch.com/story/feds-powell-says-high-u-s-inflation-could-last-into-early-next-year-due-to-shortages-11632938138

Inflation may remain elevated, says White House economic adviser | Fox Business

https://www.foxbusiness.com/economy/white-house-inflation-economy-jared-bernstein

A million bolivars become one as Venezuela recalibrates battered currency - France 24

https://www.france24.com/en/live-news/20211001-a-million-bolivars-become-one-as-venezuela-recalibrates-battered-currency

Stock, Bond and Real Estate Prices Are All Uncomfortably High - The New York Times

https://www.nytimes.com/2021/10/01/business/stock-bond-real-estate-prices.html

Debt Limit Brinkmanship Could Put Pressure on US ‘AAA’ Rating

https://www.fitchratings.com/research/sovereigns/debt-limit-brinkmanship-could-put-pressure-on-us-aaa-rating-01-10-2021

Ark's Cathie Wood predicts 'serious correction' in commodities | Reuters

https://www.reuters.com/business/arks-cathie-wood-predicts-serious-correction-commodities-2021-05-11/

2021-10-01 (2).png (883×538)

https://cms.zerohedge.com/s3/files/inline-images/2021-10-01%20%282%29.png?itok=qvT7tN7C

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https://cms.zerohedge.com/s3/files/inline-images/bfm16BA_0.jpg?itok=xZeiiI43

'This is chaos': Christmas prices will rise in Britain, truckers say | Reuters

https://www.reuters.com/world/uk/christmas-prices-will-rise-britain-truckers-say-2021-09-30/

20 Berkeley St, Melrose, MA, 02176 | realtor.com®

https://www.realtor.com/realestateandhomes-detail/20-Berkeley-St_Melrose_MA_02176_M39103-09613

EXCLUSIVE PwC offers U.S. employees full-time remote work | Reuters

https://www.reuters.com/business/exclusive-pwc-tells-us-employees-they-need-never-return-office-2021-09-30/

Bill Hwang's Fellow Investing Whale Tao Li Faces Scrutiny Over GSX Stake - Bloomberg

https://www.bloomberg.com/news/articles/2021-10-01/bill-hwang-s-fellow-investing-whale-tao-li-faces-scrutiny-over-gsx-stake?sref=ZMFHsM5Z