TOPICS AND TIMESTAMPS:

It’s Heating Up 0:00

STOCKS DOWN 0:45

INFLATION UP 9:30

SUPPLY CHAIN DOWN 12:35

$GPS INSIGHTS

#1 STOCK MARKETS HAVE COME DOWN AND RETAIL INVESTORS BUY IN

#2 CONCERNS ABOUT DEBT CEILING ARE GOING TO BE RESOLVED

#3 PROBLEM IS TOO MANY FACTORS AT ONCE. CORRECTION STILL POSSIBLE

Stock Market’s September Slump Exposes Messy Underside - WSJ

https://www.wsj.com/articles/stock-markets-september-slump-exposes-messy-underside-11632999601

Yellen lends support for effort to remove the debt ceiling altogether

https://www.cnbc.com/2021/09/30/yellen-lends-support-for-effort-to-remove-the-debt-ceiling-altogether.html#:~:text=Yellen%20lends%20support%20for%20effort%20to%20remove%20the%20debt%20ceiling%20altogether,-Published%20Thu%2C%20Sep&text=Treasury%20Secretary%20Janet%20Yellen%20said,spending%20limits%20or%20face%20default.

Stock Market’s September Slump Exposes Messy Underside - WSJ

https://www.wsj.com/articles/stock-markets-september-slump-exposes-messy-underside-11632999601

S&P 500 (SPX) Posts Worst Month Since Start of Pandemic - Bloomberg

https://www.bloomberg.com/news/articles/2021-09-30/a-bad-month-for-stocks-ends-with-few-signs-the-drama-is-over

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https://cms.zerohedge.com/s3/files/inline-images/bfm892E.jpg?itok=fpXj0kE0

Legendary investor Jeremy Grantham says US stocks are in a crazier bubble than in 1929 - but this 'vampire' market is shrugging it off

https://news.yahoo.com/legendary-investor-jeremy-grantham-says-104259678.html

Veteran investor Jeremy Grantham warns of an epic market bubble, bemoans the meme-stock boom, and touts venture capital in a new interview. Here are the 12 best quotes.

https://news.yahoo.com/veteran-investor-jeremy-grantham-warns-114542162.html

Reverse Repo Operations - FEDERAL RESERVE BANK of NEW YORK

https://www.newyorkfed.org/markets/desk-operations/reverse-repo

Europe’s Energy Crunch Deepens as China Set to Fight for Supply - Bloomberg

https://www.bloomberg.com/news/articles/2021-09-30/european-gas-and-power-prices-jump-to-record-as-crisis-worsens?srnd=economics-vp

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https://cms.zerohedge.com/s3/files/inline-images/gas%20price%20China%20PMI%209.30_1.jpg?itok=r4rRvsyL

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https://cms.zerohedge.com/s3/files/inline-images/Core%20PCE%202021-09-30_8-49-08.jpg?itok=XoGgzvFT

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TOPICS AND TIMESTAMPS:

It’s A Trap 0:00

DOLLAR CRISIS 0:36

CHINA’S COMPOUNDING 6:58

U.S. DEFAULT? 12:37

$GPS INSIGHTS

#1 INFLATION IS OFFICIALLY OUT OF CONTROL GLOBALLY

#2 FOOD, ENERGY, SHELTER HAVE ALL BECOME TOO MUCH FOR MANY

#3 TO PROTECT FROM INFLATION WE MUST LOCK IN TODAY’S PRICES

Dollar Tree to Sell More Items Above $1 as Costs Rise - WSJ

https://www.wsj.com/articles/dollar-tree-to-sell-more-items-above-1-as-costs-rise-11632918816

Building on the Success of its “Combo” Store and Dollar Tree Plus Initiatives, Dollar Tree Poised to Take Next Steps in its Multi-Price Evolution | Dollar Tree

https://www.dollartreeinfo.com/news-releases/news-release-details/building-success-its-combo-store-and-dollar-tree-plus

Bacon prices have reached record levels. Here's why they might not go down anytime soon

https://www.kcra.com/article/bacon-prices-have-reached-record-levels-heres-why-they-might-not-go-down-anytime-soon/37791555

Oil prices: Get ready for $90 a barrel, Goldman Sachs says - CNN

https://www.cnn.com/2021/09/27/investing/oil-price-forecast-goldman-sachs/index.html

GSCI Commodity Index | 2021 Data | 2022 Forecast | 1969-2020 Historical | Price

https://tradingeconomics.com/commodity/gsci

Fed Chair Powell calls inflation 'frustrating' and sees it running into next year

https://www.cnbc.com/2021/09/29/fed-chair-powell-calls-inflation-frustrating-and-sees-it-running-into-next-year.html

Power crisis deepens in Asia and Europe: What it means to shipping

https://www.freightwaves.com/news/power-crisis-deepens-in-asia-and-europe-what-it-means-to-shipping

World Food Costs at Risk of Soaring as China Faces Tough Harvest - Bloomberg

https://www.bloomberg.com/news/articles/2021-09-29/world-food-costs-at-risk-of-soaring-as-china-faces-tough-harvest

China's widening electricity crisis caused by coal shortage: Kemp | Financial Post

https://financialpost.com/pmn/business-pmn/chinas-widening-electricity-crisis-caused-by-coal-shortage-kemp-2#:~:text=China's%20widening%20electricity%20crisis%20caused%20by%20coal%20shortage%3A%20Kemp%20Back,residential%20users%20(%2B8%25).

Coal Shortage in China Means Higher Prices for the Whole World - Bloomberg

https://www.bloomberg.com/news/articles/2021-09-28/china-s-coal-shortage-means-higher-prices-for-the-whole-world

China's power crunch pushes foreign businesses to invest in factories elsewhere

https://www.cnbc.com/2021/09/30/chinas-power-crunch-pushes-foreign-businesses-to-invest-in-factories-elsewhere.html#:~:text=China's%20power%20crunch%20pushes%20foreign%20businesses%20to%20invest%20in%20factories%20elsewhere,-Published%20Wed%2C%20Sep&text=They%20choose%20to%20not%20go,of%20millions%20of%20U.S.%20dollars.

Backlog of Ships at Port of LA Reaches Boiling Point – CBS Los Angeles

https://losangeles.cbslocal.com/2021/09/28/backlog-of-cargo-ships-at-port-of-la-reaches-boiling-point/

The workers who keep global supply chains moving are warning of a 'system collapse' - CNN

https://www.cnn.com/2021/09/29/business/supply-chain-workers/index.html

Dimon says JPMorgan preparing for 'potentially catastrophic' US credit default | TheHill

https://thehill.com/policy/finance/574385-dimon-says-jpmorgan-preparing-for-potentially-catastrophic-us-credit-default?rl=1

Housing Market in Canada Is So Hot That People Take Out Fourth Mortgage - Bloomberg

https://www.bloomberg.com/news/articles/2021-09-29/investors-are-gobbling-up-homes-in-canada-s-hot-housing-market

Bloomberg - Bloomberg

https://www.bloomberg.com/canada

TOPICS AND TIMESTAMPS:

Crisis Mode 0:00

CHINA SHUT DOWN 0:36

INTEREST RATES UP 7:02

POWER PRICES UP 11:16

$GPS INSIGHTS

#1 CHINA’S CRISIS INTENSIFIES AS PRICES ESCALATE NEAR RECORDS

#2 CRACKDOWN ON EVERYTHING WORRIES INVESTORS

#3 INVESTORS MUST POSITION FOR VOLATILITY

China energy crunch triggers shutdowns, pleas for more coal | Reuters

https://www.reuters.com/world/china/china-energy-crunch-triggers-alarm-pleas-more-coal-2021-09-28/

575a0814dac3ffcca3d0bf1f0b24b0b7 (960×813)

https://s.yimg.com/ny/api/res/1.2/izvaNFYKyJ8ZSR9MPEmsJg--/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTgxMztjZj13ZWJw/https://s.yimg.com/uu/api/res/1.2/3LUiH5QzEjxoc4Tu.hTVkA--~B/aD0xMDk4O3c9MTI5NjthcHBpZD15dGFjaHlvbg--/https://media.zenfs.com/en/bloomberg_markets_842/575a0814dac3ffcca3d0bf1f0b24b0b7

China Power Supply Crunch Hits Toyota Operations: Energy Update

https://finance.yahoo.com/news/china-seeks-coal-imports-calm-010603263.html

China Power Crisis Looks Set to Spur Rush for the Dirtiest Fuel - BNN Bloomberg

https://www.bnnbloomberg.ca/china-power-crisis-looks-set-to-spur-rush-for-the-dirtiest-fuel-1.1658311

China Seeks Coal Imports to Calm Power Crunch: Energy Update - BNN Bloomberg

https://www.bnnbloomberg.ca/china-seeks-coal-imports-to-calm-power-crunch-energy-update-1.1658257

China asking state-backed firms to pick up Evergrande assets - sources | Reuters

https://www.reuters.com/world/china/china-asking-state-backed-firms-pick-up-evergrande-assets-sources-2021-09-28/

Evergrande debt crisis: to sell stake in bank, faces bond payment

https://www.cnbc.com/2021/09/29/evergrande-debt-crisis-to-sell-stake-in-bank-faces-bond-payment.html

global tightening cycle.jpg (814×289)

https://cms.zerohedge.com/s3/files/inline-images/global%20tightening%20cycle.jpg?itok=XDk5Xvzn

Fed Chair Powell to warn Congress that inflation pressures could last longer than expected

https://www.cnbc.com/2021/09/27/fed-chair-powell-to-warn-congress-that-inflation-pressures-could-last-longer-than-expected.html

Sen. Warren calls Fed Chair Powell a 'dangerous man,' says she will oppose his renomination

https://www.cnbc.com/2021/09/28/sen-warren-calls-fed-chair-powell-a-dangerous-man-says-she-will-oppose-his-renomination.html

TOPICS AND TIMESTAMPS:

What’s Happening? 0:00

CHINA LIGHTS OUT 0:57

ENERGY SKYROCKETS 7:12

FED RESIGNATIONS 13:30

$GPS INSIGHTS

#1 MULTIPLE CRISIS FACTORS CONVERGING AT ONCE GLOBALLY

#2 HIGHEST PRICES FOR ENERGY EVER IN SOME CASES. MANY SHORTAGES

#3 IF DISPOSABLE INCOME IS DOWN, CORPORATE PROFITS WILL TAKE A HIT

Gregor Peter on Twitter: "Sudden power cuts reported in China over the weekend, especially in northeastern region. Here, footage of traffic lights stopped working in city of Shenyang https://t.co/d2tAaPMcup (via @SourceBeijing)" / Twitter

https://twitter.com/L0gg0l/status/1442242857507639296?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1442242857507639296%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fwww.zerohedge.com%2Fmarkets%2Ftop-apple-tesla-suppliers-suspend-production-amid-china-power-crunch

Key Apple, Tesla suppliers halt production amid China power crunch - Nikkei Asia

https://asia.nikkei.com/Business/Technology/Key-Apple-Tesla-suppliers-halt-production-amid-China-power-crunch

IPhone Assembler Starts Energy-Saving Measures in China - Bloomberg

https://www.bloomberg.com/news/articles/2021-09-27/iphone-assembler-starts-energy-saving-measures-in-china

China Power Outages Close Factories and Threaten Growth - The New York Times

https://www.nytimes.com/2021/09/27/business/economy/china-electricity.html

Power cuts hit homes in north-east China - BBC News

https://www.bbc.com/news/world-asia-china-58704221

Source Beijing (@SourceBeijing) / Twitter

https://twitter.com/SourceBeijing

Source Beijing on Twitter: "There are planned power outages in several areas in Shanghai, involving both residential and commercial power consumption, causing some panic on the internet. It was learned from the State Grid that it is a normal planned blackout, and there is no need to over-interpret it. https://t.co/woAjx0MNIS" / Twitter

https://twitter.com/SourceBeijing/status/1442365541675503618

Julia Chatterley on Twitter: "China's carbon crackdown - #Beijing's effort to reduce emissions brings blackouts and forced factory closures. @willripleyCNN reports the #China power crunch and how companies like #Apple & #Tesla are being hit 👇 https://t.co/mxly9VpQyW" / Twitter

https://twitter.com/jchatterleyCNN/status/1442488827914821633?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1442488827914821633%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fwww.zerohedge.com%2Fmarkets%2Fmillions-chinese-residents-lose-power-after-widespread-unexpected-blackouts-power-company

$GPS Insights.png (1920×1080)

file:///Volumes/GoogleDrive/My%20Drive/GPS/$GPS%20Insights.png

Cargo Piles Up as California Ports Jostle Over How to Resolve Delays - WSJ

https://www.wsj.com/articles/cargo-delays-are-getting-worse-but-california-ports-still-rest-on-weekends-11632648602?mod=cxrecs_join#cxrecs_s

U.K. relaxes antitrust rules, may bring in Army as gas pumps run dry | Financial Post

https://financialpost.com/commodities/energy/oil-gas/fuel-shortages-pile-pressure-on-johnson-as-u-k-crisis-escalates?r

The UK’s petrol crisis is just a taste of a more jittery, uncertain future | Gaby Hinsliff | The Guardian

https://www.theguardian.com/commentisfree/2021/sep/27/petrol-crisis-british-economy-covid-brexit

Container ships now piling up at anchorages off China’s ports

https://www.freightwaves.com/news/container-ships-now-piling-up-at-anchorages-off-chinas-ports

Fuel pumps run dry in British cities, sowing supply chain chaos | Reuters

https://www.reuters.com/world/uk/uk-gas-stations-are-running-dry-english-cities-retailers-association-says-2021-09-27/

TOPICS AND TIMESTAMPS:

Big Shock 0:00

OIL TO 90? 0:45

NO UK CHRISTMAS? 6:55

EVERGRANDE SPREAD 9:40

$GPS INSIGHTS

#1 MEGA CAP STOCKS HAVE RISEN WHILE THE ECONOMY STAYS WEAK

#2 DEMAND HAS BEEN PULLED FROM THE FUTURE, OFFSETTING ISSUES

#3 INVESTORS KEEP FAITH IN CENTRAL BANKS FIAT INFLATION MAKER

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China Power Crunch Is Next Economic Shock Beyond Evergrande - Bloomberg

https://www.bloomberg.com/news/articles/2021-09-25/china-s-power-crunch-is-next-economic-shock-beyond-evergrande?sref=ZMFHsM5Z

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https://cdn.statcdn.com/Infographic/images/normal/24544.jpeg

Supply Chain Financing Is a Bigger Risk to China Than Evergrande - Bloomberg

https://www.bloomberg.com/opinion/articles/2021-09-26/supply-chain-financing-is-a-bigger-risk-to-china-than-evergrande

(2) Javier Blas on Twitter: "BEYOND PETROLEUM: A rather unscientific survey, but just visited 5 BP stations in West London, and all but one were dry (and the one that still had some availability had only gasoline but no diesel). Officially, BP says 30% of its network has no fuel #OOTT https://t.co/p1zuyujtgf https://t.co/5WLsv55fAG" / Twitter

https://twitter.com/JavierBlas/status/1442134125230518277?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1442134125230518277%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fwww.zerohedge.com%2Fcommodities%2Fgasflation

Britain has 10 days to save Christmas, retail sector says | Reuters

https://www.reuters.com/world/uk/britain-resolve-trucker-shortage-swiftly-minister-says-2021-09-24/

Car Unit’s Stock Volatile; Listing Scrapped: Evergrande Update - Bloomberg

https://www.bloomberg.com/news/articles/2021-09-27/car-unit-scraps-listing-plan-fund-shortage-evergrande-update?utm_source=google&utm_medium=bd&cmpId=google

Asia markets: Evergrande stocks in Hong Kong slide

https://www.cnbc.com/2021/09/27/asia-markets-china-industrial-profits-for-august-evergrande-group-germany-election-currencies-oil.html

Debt-Limit Standoff Could Force Fed to Revisit Emergency Playbook - WSJ

https://www.wsj.com/articles/debt-limit-standoff-could-force-fed-to-revisit-emergency-playbook-11632661200

inflows into US funds.jpg (708×446)

https://cms.zerohedge.com/s3/files/inline-images/inflows%20into%20US%20funds.jpg?itok=vd25BXNk

Central Bank Digital Currencies to Be Tested in BIS Experiment - Bloomberg

https://www.bloomberg.com/news/articles/2021-09-02/central-bank-digital-currencies-to-be-tested-in-bis-experiment

Who Owns Your Life Insurance Policy? It Might Be a Private-Equity Firm - WSJ

https://www.wsj.com/articles/insurance-policy-private-equity-11632236526?mod=hp_lead_pos5

Crypto-Trading Hamster Performs Better Than Warren Buffett And The S&P 500 : NPR

https://www.npr.org/2021/09/25/1040683057/crypto-trading-hamster-goxx-warren-buffet-s-p-500

TOPICS AND TIMESTAMPS:

And It Begins 0:00

SHORTAGES 0:49

SHIPPING PROBLEMS 6:13

FINANCIAL MARKETS 10:45

$GPS INSIGHTS

#1 SHORTAGES, SUPPLY CHAIN PROBLEMS COMBINE TO INCREASE PRICES

#2 INFLATION CAN ONLY BE CONTAINED WITH HIGHER INTEREST RATES

#3 PREPARE IN EVERY SENSE AND DON’T CORRELATE STOCKS AND ECONOMY

Drivers warned not to let fuel tanks get below a quarter ahead of 'winter of discontent' fuel crisis | Daily Mail Online

https://www.dailymail.co.uk/news/article-10023181/Drivers-warned-not-let-fuel-tanks-quarter-ahead-winter-discontent-fuel-crisis.html?ito=social-twitter_dailymailUK

In Britain, Rising Prices and Shortages Evoke 1970s-Style Jitters – DNyuz

https://dnyuz.com/2021/09/24/in-britain-rising-prices-and-shortages-evoke-1970s-style-jitters/

Borealis Fertilizer: Europe Crisis Spreads on New Output Cut - Bloomberg

https://www.bloomberg.com/news/articles/2021-09-23/europe-s-fertilizer-crisis-spreads-as-another-firm-cuts-output?sref=RJ2RlMrh

Column: Worldwide energy shortage shows up in surging coal, gas and oil prices | Reuters

https://www.reuters.com/business/energy/worldwide-energy-shortage-shows-up-surging-coal-gas-oil-prices-kemp-2021-09-24/?taid=614e1b8488b4be000154f6ae&utm_campaign=trueAnthem:+Trending+Content&utm_medium=trueAnthem&utm_source=twitter

How long does it take to build a shipping container? - FreightWaves

https://www.freightwaves.com/news/how-long-does-it-take-to-build-a-shipping-container

Supply chain woes drag down Nike sales - FreightWaves

https://www.freightwaves.com/news/supply-chain-woes-drag-down-nike-sales-inventories

‘A major forecast haircut in a period of ripping demand’ - FreightWaves

https://www.freightwaves.com/news/a-major-forecast-haircut-in-a-period-of-ripping-demand

Container ships now piling up at anchorages off China’s ports

https://www.freightwaves.com/news/container-ships-now-piling-up-at-anchorages-off-chinas-ports

Just how many containers of cargo are stuck off California’s coast?

https://www.freightwaves.com/news/just-how-many-containers-of-cargo-are-stuck-off-californias-coast

Maersk throws its weight behind unicorn electrofuels company - FreightWaves

https://www.freightwaves.com/news/maersk-throws-its-weight-behind-unicorn-electrofuels-company

Bloomberg - Bloomberg

https://www.bloomberg.com/canada

Tapering Doesn’t Mean Tightening for Central Bank Money Printers - Bloomberg

https://www.bloomberg.com/news/articles/2021-09-25/tapering-doesn-t-mean-tightening-for-central-bank-money-printers?srnd=premium-canada

Who Will Control Crypto and Bitcoin (BTC)? US, China Fight Rattles Investors - Bloomberg

https://www.bloomberg.com/news/articles/2021-09-25/who-will-control-crypto-and-bitcoin-btc-us-china-fight-rattles-investors?srnd=premium-canada

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https://cms.zerohedge.com/s3/files/inline-images/central%20bank%20purchases%20declining%202021.jpg?itok=si5pN50H

China Funds Counting On Beijing to Contain Evergrande Contagion - Bloomberg

https://www.bloomberg.com/news/articles/2021-09-25/china-funds-counting-on-beijing-to-contain-evergrande-contagion?srnd=premium-canada

TOPICS AND TIMESTAMPS:

It’s Unfolding 0:00

ECONOMIC LOWS 0:37

INSIDER SALES 4:00

CHINA REAL ESTATE 8:50

$GPS INSIGHTS

#1 TRILLIONS ARE POURING INTO THE STOCK MARKET BUT NOT ALL STOCKS

#2 WITH INFLATION ON THE RISE, INVESTORS HAVE SHIFTED THEIR PORTFOLIOS

#3 CHINA’S HEAVY RELIANCE ON REAL ESTATE COULD IMPACT WORLD

Crude Oil Prices Today | OilPrice.com

https://oilprice.com/

Costco, Nike and FedEx are warning there's more inflation set to hit consumers as holidays approach

https://www.cnbc.com/2021/09/24/costco-nike-and-fedex-are-warning-theres-more-inflation-set-to-hit-consumers-as-holidays-approach.html#:~:text=Equity%20and%20Opportunity-,Costco%2C%20Nike%20and%20FedEx%20are%20warning%20there's%20more%20inflation%20set,hit%20consumers%20as%20holidays%20approach&text=Many%20companies%20have%20indicated%20that,Reserve%20to%20change%20policy%20course.

china turbocharge.jpg (552×427)

https://cms.zerohedge.com/s3/files/inline-images/china%20turbocharge.jpg?itok=Na4FiX72

(1) Michael Burry Archive (@BurryArchive) / Twitter

https://twitter.com/BurryArchive/status/1441485742866243585/photo/2

Big-Tech-Insider-Selling-H1-21-1.jpeg (1200×2166)

https://www.visualcapitalist.com/wp-content/uploads/2021/09/Big-Tech-Insider-Selling-H1-21-1.jpeg

AAPL - Apple Inc. - SEC Form 4 Insider Trading Screener - OpenInsider

http://openinsider.com/screener?s=aapl&o=&pl=&ph=&ll=&lh=&fd=730&fdr=&td=0&tdr=&fdlyl=&fdlyh=&daysago=&xp=1&xs=1&vl=&vh=&ocl=&och=&sic1=-1&sicl=100&sich=9999&grp=0&nfl=&nfh=&nil=&nih=&nol=&noh=&v2l=&v2h=&oc2l=&oc2h=&sortcol=0&cnt=100&page=1

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https://cms.zerohedge.com/s3/files/inline-images/global%20outflows%20first%202021.jpg?itok=Qpmr9ycK

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https://cms.zerohedge.com/s3/files/inline-images/tech%20outflows%20sept%202021.jpg?itok=CxqrD3NK

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https://cms.zerohedge.com/s3/files/inline-images/industrial%20outflow.jpg?itok=IE3eeTZv

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https://cms.zerohedge.com/s3/files/inline-images/bofa%20equity%20flow%20correlation.jpg?itok=W4hXk5Z7

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https://cms.zerohedge.com/s3/files/inline-images/bfmABF6_0.jpg?itok=ZuryEb2p

(1) Molly on Twitter: "PBOC’s announcement about ban crypto got widespread today is was ANNOUNCED ON SEPTEMBER 15TH, but got posted online today. The market already reacted on those regulatory fud. https://t.co/BPlVQEMVMt https://t.co/e0U7gbEHnY" / Twitter

https://twitter.com/bigmagicdao/status/1441333309796077570?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1441333309796077570%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fwww.zerohedge.com%2Fmarkets%2Fchina-declares-all-virtual-currency-transactions-illegal-sending-crypto-prices-tumbling

TOPICS AND TIMESTAMPS:

Big Developments 0:00

TOILET PAPER 0:50

ECONOMIC SLOWDOWN 3:30

CHINA BIG DEAL 7:47

Self Reliance Tips 16:46

$GPS INSIGHTS

#1 PRICES OF EVERYTHING CONTINUE TO RISE ALONG WITH INFLATION

#2 FED REFUSES TO ADMIT INFLATION IS TOO HIGH, ENCOURAGING MORE

#3 INVESTORS NOW HAVE NO REASON TO NOT GO ALL-IN

chip shortage worsens for automakers - The Washington Post

https://www.washingtonpost.com/us-policy/2021/09/23/chip-shortage-forecast-automakers/

Costco warns customers over delays on essential household item

https://www.fox5ny.com/news/costco-warns-customers-over-delays-on-essential-household-item

High U.S. Meat Prices Are Here to Stay Amid Depleted Reserves - Bloomberg

https://www.bloomberg.com/news/articles/2021-09-22/high-u-s-meat-prices-are-here-to-stay-amid-depleted-reserves?sref=RJ2RlMrh

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https://www.markiteconomics.com/Public/Home/PressRelease/3ea9d747369341f98b0e55f542fd0d27

Sky News on Twitter: "BREAKING: BP says it has temporarily closed some UK sites due to supply issues with unleaded and diesel fuel resulting from a national shortage of HGV and tanker drivers. Get the latest updates: https://t.co/hkEnFm0n7N https://t.co/VIwrAoPUAO" / Twitter

https://twitter.com/SkyNews/status/1441024337247678470?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1441024337247678470%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fwww.zerohedge.com%2Fcommodities%2Fbp-prepares-ration-gas-uk-service-stations-amid-supply-woes

BP prepares to ration fuel deliveries as some petrol stations close over supply problems | ITV News

https://www.itv.com/news/2021-09-23/hgv-driver-shortage-bp-poised-to-ration-fuel-deliveries-amid-supply-problems

Motorists urged by Number 10 to 'shop for fuel as usual' as BP shuts some petrol stations | Business News | Sky News

https://news.sky.com/story/bp-prioritising-fuel-deliveries-as-driver-shortages-hit-supplies-12415175

TOPICS AND TIMESTAMPS:

The Meeting 0:00

FED SPEAK 0:38

INFLATION BEAT 7:40

CHINA HEAT 11:04

$GPS INSIGHTS

#1 THE FED HAS NOW TALKED ABOUT TAPER OFFICIALLY

#2 INVESTORS LOVED WHAT THEY HEARD AND RACED TO BUY IT UP

#3 NO BEARISH INVESTORS LEFT ON EARTH AT THIS POINT

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Fedspeak - Wikipedia

https://en.wikipedia.org/wiki/Fedspeak

Markets Data Dashboard - FEDERAL RESERVE BANK of NEW YORK

https://www.newyorkfed.org/markets/data-hub

Statement to Revise Terms of Overnight Reverse Repurchase Agreements - FEDERAL RESERVE BANK of NEW YORK

https://www.newyorkfed.org/markets/opolicy/operating_policy_210922

The Fed is evaluating whether to launch a digital currency and in what form, Powell says

https://www.cnbc.com/2021/09/22/the-fed-is-evaluating-whether-to-launch-a-digital-currency-and-in-what-form-powell-says.html

(1) Stalingrad & Poorski on Twitter: "FOMC: WE HAVE DECIDED TO KEEP EVERYTHING THE SAME FOR THE NEXT FEW MONTHS TO NOT MAKE IT SEEM LIKE KAPLAN SELLING AT THE HIGHS WAS THE SIGN WE WERE SCALING BACK" / Twitter

https://twitter.com/Stalingrad_Poor/status/1440739895467593733

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(1) Quoth the Raven on Twitter: "POWELL: I WAS NOT AWARE OF FED PRESIDENTS KAPLAN AND ROSENGREN'S TRADING Was he aware of the Fed bailing out the municipal bond market while he owned $1.5 million in municipal bonds" / Twitter

https://twitter.com/QTRResearch/status/1440750453478735879

(1) Otavio (Tavi) Costa on Twitter: ""If sustained higher inflation were to become a serious concern, the Fed would respond" -- Powell LOL What would they do? Shock the world and raise rates by 2%?" / Twitter

https://twitter.com/TaviCosta/status/1440747402797797386

OECD Economic Outlook

https://www.oecd.org/economic-outlook/september-2021/

Record shattered: 73 container ships stuck waiting off California

https://www.freightwaves.com/news/record-shattered-61-container-ships-stuck-waiting-off-california

Investors believe it's time to get very conservative in the stock market, CNBC survey shows

https://www.cnbc.com/2021/09/22/investors-believe-its-time-to-get-very-conservative-in-the-stock-market-cnbc-survey-shows.html

Jim Cramer says two of his biggest worries about the stock market are now off the table

https://www.cnbc.com/2021/09/22/jim-cramer-says-two-of-his-biggest-worries-about-the-stock-market-are-now-off-the-table.html

(1) Javier Blas on Twitter: "And another one: Green Energy, a small-sized UK power retailer with ~250,000 customers, goes out of business. On my count since mid-Aug, Green is the 6th UK retailer to collapse, with the total number of customers affected exceeding now 900,000 households." / Twitter

https://twitter.com/JavierBlas/status/1440670794103754762?s=20

Asia markets: Hong Kong's Hang Seng jumps 2%, Evergrande shares surge

TOPICS AND TIMESTAMPS:

Unpacking 0:00

STIMULUS WILDERNESS 0:44

REAL ESTATE JUNGLE 4:42

EVERGRANDE TRAIL 8:20

$GPS INSIGHTS

#1 INFLATION LIKELY TO CONTINUE INTO 2022, HURTING CONSUMERS.

#2 CONSUMER SPENDING CANNOT INCREASE WITHOUT STIMULUS

#3 FED SIGNALING TAPER WILL CREATE PERFECT STORM.

Fed Faces Calls to Remove Officials Over Trades They Made While Setting Policy - WSJ

https://www.wsj.com/articles/fed-faces-calls-to-remove-officials-over-trades-they-made-while-setting-policy-11632226559

Robusta Coffee Extends Surge to 4-Year High as Supply Woes Mount - Bloomberg

https://www.bloomberg.com/news/articles/2021-09-20/softs-slump-with-other-commodities-as-u-s-dollar-strengthens

Coffee | 1972-2021 Data | 2022-2023 Forecast | Price | Quote | Chart | Historical

https://tradingeconomics.com/commodity/coffee

Funds Go Green, but Sometimes in Name Only - WSJ

https://www.wsj.com/articles/funds-go-green-but-sometimes-in-name-only-11631179801

Climate change ETFs found to be undermining war on global warming | Financial Times

https://www.ft.com/content/1587ee6d-e1da-489c-bee5-2199701c12a3?segmentId=114a04fe-353d-37db-f705-204c9a0a157b

COVID changed LA real estate, making $1 million homes common - Los Angeles Times

https://www.latimes.com/business/story/2021-09-21/covid-changed-la-real-estate-making-one-million-homes-common-place

Startup Firms Help Home Buyers Win Bidding Wars With All-Cash Offers - WSJ

https://www.wsj.com/articles/startup-firms-help-home-buyers-win-bidding-wars-with-all-cash-offers-11632216603

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Monday's stock-market fall may be a sign of trouble ahead

https://nypost.com/2021/09/20/mondays-stock-market-fall-may-be-a-sign-of-trouble-ahead/

Evergrande Is Likely to Default Without Direct Support, S&P Says - Bloomberg

https://www.bloomberg.com/news/articles/2021-09-21/evergrande-is-likely-to-default-without-direct-support-s-p-says

Evergrande wooed retail investors with Gucci bags and Dyson appliances | Reuters

https://www.reuters.com/business/finance/with-gucci-bags-dyson-appliances-evergrande-wooed-retail-investors-2021-09-21/

Evergrande used retail financial investments to plug funding gaps | Financial Times

https://www.ft.com/content/0b03d4de-1662-4d30-bcfd-c9bae24fa9cc

BlackRock and HSBC funds boosted Evergrande holdings as crisis loomed | Financial Times

https://www.ft.com/content/87fddf09-ef69-49b3-87bc-1a2d84fffd91

Evergrande crisis entangles ETF investors as fallout spreads | Financial Times

https://www.ft.com/content/e9669b5b-29eb-457a-bb2b-762dc9545002

Evergrande ≠ Lehman | Financial Times

https://www.ft.com/content/d7936349-9362-4e34-8905-83fcd6aaf003

Is this China's Lehman Brothers moment? | TheHill

https://thehill.com/opinion/finance/573102-is-this-chinas-lehman-brothers-moment?rl=1