The Money GPS

TOPICS AND TIMESTAMPS:

Big Signals 0:00

Warning 0:32

Inflation Madness 5:08

Not Even in 1929! 7:12

The Rant GPS 9:20

Surplus Summer Deals Are Coming as Supply-Chain Issues Ease - WSJ

https://www.wsj.com/articles/stores-have-too-much-stuff-heres-where-theyre-slashing-prices-11655170243

Target warns of squeezed profits from aggressive inventory plan

https://www.cnbc.com/2022/06/07/target-markdowns-plan-to-cut-inventory.html

Walmart, Gap and Others Amass $45 Billion in Extra Stuff to Sell - Bloomberg

https://www.bloomberg.com/news/articles/2022-05-28/walmart-gap-and-others-amass-45-billion-in-extra-stuff-to-sell?sref=6uww027M

Fertilizer Stockpiles Swell as Farmers Shun High Prices, Easing Harvest Worries - Bloomberg

https://www.bloomberg.com/news/articles/2022-06-17/fertilizer-stockpiles-swell-as-farmers-shun-high-prices-easing-harvest-worries?srnd=premium-canada

Recession Fears Surge Among CEOs, Survey Suggests - WSJ

https://www.wsj.com/articles/recession-fears-surge-among-ceos-survey-suggests-11655458200

Inflation Is on Track to Hit 7.3% in Canada, Highest Since 1983 - Bloomberg

https://www.bloomberg.com/news/articles/2022-06-17/inflation-is-on-track-to-hit-7-3-in-canada-highest-since-1983?srnd=premium-canada

Inflation: Canada Finance Minister Chrystia Freeland Warns of Turbulence Ahead - Bloomberg

https://www.bloomberg.com/news/articles/2022-06-16/trudeau-s-finance-chief-warns-of-inflationary-turbulence-ahead

Once feted for pandemic heroics, world's central banks now face an uneasy crowd | Nasdaq

https://www.nasdaq.com/articles/once-feted-for-pandemic-heroics-worlds-central-banks-now-face-an-uneasy-crowd-0

Five ways the Fed’s interest rate hikes will impact Americans | The Hill

https://thehill.com/policy/3527015-five-ways-the-feds-interest-rate-hikes-will-impact-americans/

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https://cms.zerohedge.com/s3/files/inline-images/2022-06-17_11-03-01.jpg?itok=aGdn_R-R

Australians urged to turn off lights and appliances for two hours every evening | The Independent

https://www.independent.co.uk/news/world/australasia/australia-lights-off-power-crisis-b2102514.html

Housing Market Update: Share of Homes with Price Drops Reaches New High

https://www.redfin.com/news/housing-market-update-price-drops-hit-new-record/

TOPICS AND TIMESTAMPS:

This Is It 0:00

Central Banks What? 0:24

Inflationary Recession 1:25

Food Shortage 5:01

Major Flip Flop 7:55

You Should Know These 10:20

Bank of England on Twitter: "The Monetary Policy Committee voted by a majority of 6-3 to increase #BankRate to 1.25%. https://t.co/31MpeWiCKR https://t.co/LyByVYJ8iw" / Twitter

https://twitter.com/bankofengland/status/1537390022814466048?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1537390022814466048%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fwww.zerohedge.com%2Fmarkets%2Fpound-tumbles-after-bank-england-hikes-25bps-split-decision-drops-guidance-future-rate

SNB Raises Interest Rate from a Record Low - Bloomberg

https://www.bloomberg.com/news/articles/2022-06-16/snb-unexpectedly-raises-interest-rate-from-a-record-low

Wall Street Sounds a Louder Recession Call After Fed Rate Hike

https://finance.yahoo.com/news/wall-street-sounds-louder-recession-213251562.html

Consumer Spending Is Running Out Of Steam and the Market Isn’t Ready For It

https://finance.yahoo.com/news/consumer-spending-running-steam-market-140417695.html

36% of high earners are living paycheck to paycheck

https://www.cnbc.com/2022/06/16/more-high-earners-are-living-paycheck-to-paycheck.html

Stock market's fall has wiped out $3 trillion in retirement savings this year - CBS News

https://www.cbsnews.com/news/stocks-drop-retirement-savings-401k-ira-3-trillion-2022/

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https://cms.zerohedge.com/s3/files/inline-images/2022-06-16_05-35-51.jpg?itok=72MvzKN4

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https://cms.zerohedge.com/s3/files/inline-images/2022-06-16_05-32-58.jpg?itok=FoRATtqN

From Great Resignation to Forced Resignation: Tech companies are shifting to layoffs after a huge ramp up in hiring - MarketWatch

https://www.marketwatch.com/story/from-great-resignation-to-forced-resignation-tech-companies-are-shifting-to-layoffs-after-a-huge-ramp-up-in-hiring-11655308264

Monthly costs to finance new, used vehicles hit record high

https://www.cnbc.com/2022/06/16/monthly-costs-to-finance-new-used-vehicles-hit-record-high.html

Pennsylvania farmers getting crushed by record diesel fuel prices, lawmakers told

https://www.mcall.com/news/pennsylvania/capitol-ideas/mc-nws-pa-hearing-inflation-farmers-20220614-d664grvihnfilakimt4wvcy6e4-story.html

Samsung temporarily reduces procurement amid inventory pressure - Nikkei Asia

https://asia.nikkei.com/Spotlight/Supply-Chain/Samsung-temporarily-reduces-procurement-amid-inventory-pressure?utm_campaign=GL_one_time&utm_medium=email&utm_source=NA_newsletter&utm_content=article_link&del_type=3&pub_date=20220616161000&seq_num=2&si=79447

China's holdings of U.S. Treasuries skid to 12-year low; Japan also cuts holdings

https://finance.yahoo.com/news/chinas-holdings-u-treasuries-skid-215852789.html

A Billionaire Bought a Florida Home for $94.2 Million Last Year. Now He’s Selling It for Around $175 Million. - WSJ

https://www.wsj.com/articles/a-billionaire-bought-a-florida-home-for-94-2-million-last-year-now-hes-sellin

TOPICS AND TIMESTAMPS:

Slower Than Slow 0:00

Layoffs 0:14

Real Estate Slowdown 1:30

Economic Stagnation 4:05

China Lockdown Effect 8:22

Coinbase lays off 18% as execs prepare for recession, 'crypto winter'

https://www.cnbc.com/2022/06/14/coinbase-lays-off-18percent-as-execs-prepare-for-recession-crypto-winter.html

Real estate firms Compass and Redfin announce layoffs as housing market slows

https://www.cnbc.com/2022/06/14/real-estate-firms-compass-and-redfin-announce-layoffs-as-housing-market-slows.html

Warner Bros Discovery to Cut Nearly 1,000 Ad Sales Jobs - Source | Technology News | US News

https://www.usnews.com/news/technology/articles/2022-06-14/warner-bros-discovery-to-cut-as-much-as-30-of-global-sales-jobs-the-information

Market Rout Evokes Memories of Trading Before Lehman Blowup

https://finance.yahoo.com/news/huge-market-rout-evokes-memories-002000693.html

30-year mortgage rate surges to 6.28%, up from 5.5% just a week ago

https://www.cnbc.com/2022/06/14/30-year-mortgage-rate-surges-to-6point28percent-up-from-5point5percent-just-a-week-ago.html

Property Values Fall Across US, Europe on Bite From Inflation - Bloomberg

https://www.bloomberg.com/news/articles/2022-06-13/inflation-triggers-drop-in-property-values-across-us-europe

Top Steelmaker Halts Output as South Korea's Trucker Strike Roils Supply Chains - Bloomberg

https://www.bloomberg.com/news/articles/2022-06-13/top-steelmaker-in-south-korea-halts-production-on-trucker-strike

Another Blow to the US Food Market: Fire Breaks Out at a Food Processing Plant West of Waupaca County in Wisconsin

https://www.thegatewaypundit.com/2022/06/another-blow-us-food-market-fire-breaks-food-processing-plant-west-waupaca-county-wisconsin/?utm_source=add2any&utm_medium=PostBottomSharingButtons&utm_campaign=websitesharingbuttons

Russia becomes India's second-biggest oil exporter, trade sources - Hindustan Times

https://www.hindustantimes.com/business/russia-becomes-india-s-second-biggest-oil-exporter-trade-sources-101655125585379.html

Ford CFO: Auto loan delinquencies on the rise | Automotive News

https://www.autonews.com/finance-insurance/ford-cfo-auto-loan-delinquencies-rise

U.S. Retail Sales Declined 0.3% in May - WSJ

https://www.wsj.com/articles/us-economy-retail-sales-may-2022-11655238895

China's May refinery output posts steepest annual fall in over a decade | Reuters

https://www.reuters.com/article/china-economy-output-oil/chinas-may-refinery-output-posts-steepest-annual-fall-in-over-a-decade-idUSKBN2NW06U

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https://cms.zerohedge.com/s3/files/inline-images/2022-06-14_19-22-17_0.jpg?itok=_VeaVT4_

TOPICS AND TIMESTAMPS:

Money Flows 0:00

The Fed Did What? 0:22

Markets Will Go Up? 5:34

Inflation Simulation 9:58

What happened today?

What will happen?

Why it’s happening.

Federal Reserve Board - Federal Reserve issues FOMC statement

https://www.federalreserve.gov/newsevents/pressreleases/monetary20220615a.htm

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https://cms.zerohedge.com/s3/files/inline-images/2022-06-15_11-02-56.jpg?itok=JwXSBy4I

The Fed purposely leaked the potential for a 75 basis point rate hike, says UBS' Art Cashin

https://www.cnbc.com/video/2022/06/15/short-the-fed-purposely-leaked-the-potential-for-a-75-basis-point-rate-hike-says-ubs-art-cashin.html

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https://cms.zerohedge.com/s3/files/inline-images/unnamed_472.png?itok=D_UTBcph

European Central Bank to create new tool to temper bond rout

https://www.cnbc.com/2022/06/15/emergency-meeting-european-central-bank-to-create-new-tool-to-address-fragmentation-risk-.html

Wholesale prices rose 10.8% in May, near a record annual pace

https://www.cnbc.com/2022/06/14/wholesale-prices-rose-10point8percent-in-may-near-a-record-annual-pace.html

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https://cms.zerohedge.com/s3/files/inline-images/2022-06-14_05-32-28.jpg?itok=r94l87uO

GDPNow - Federal Reserve Bank of Atlanta

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

Here's what the Fed's highest rate hike in 28 years means for you

https://www.cnbc.com/2022/06/15/what-the-feds-highest-rate-hike-in-28-years-means-for-you.html

Jim Cramer: Why gold is a winner in times of inflation

https://www.cnbc.com/2022/06/15/jim-cramer-why-gold-is-a-winner-in-times-of-inflation.html

TOPICS AND TIMESTAMPS:

History Repeats 0:00

Japan Currency Collapse 0:16

Bond Market 4:25

Interest Rate Hikes 6:43

Bottom of Market? 11:57

Yen slides to 24-year low against dollar

https://www.france24.com/en/live-news/20220613-yen-slides-to-24-year-low-against-dollar

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https://cms.zerohedge.com/s3/files/inline-images/2022-06-13_08-09-40.jpg?itok=303YbSVe

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https://cms.zerohedge.com/s3/files/inline-images/JGB%20purchases.jpg?itok=_d64GLzD

10-year Treasury yield rockets above 3.39% in biggest move since March 2020

https://www.cnbc.com/2022/06/13/us-bonds-2-year-treasury-rate-hits-highest-level-since-2007.html

Yields Rise to Decade Highs, Curve Inverts on Growth Fears | Investing News | US News

https://money.usnews.com/investing/news/articles/2022-06-13/huge-selloff-rocks-treasury-markets-yield-curve-inverts

Economists say Fed will stick to 50 basis points this week, Powell will open door to more aggressive action later - MarketWatch

https://www.marketwatch.com/story/doves-dont-exist-on-the-fomc-right-now-economists-expect-hawkish-fed-meeting-this-week-11654941250

Why City Life Has Gotten Way More Expensive - The Atlantic

https://www.theatlantic.com/newsletters/archive/2022/06/uber-ride-share-prices-high-inflation/661250/

Fed's inflation battle to worsen market turmoil: Canaccord's Dwyer

https://www.cnbc.com/2022/06/13/feds-inflation-battle-to-worsen-market-turmoil-canaccords-dwyer.html

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TOPICS AND TIMESTAMPS:

Big Moves 0:00

Markets Crash 0:13

Consumer Fears 4:17

China Time To Buy? 7:18

Economic Struggle 10:23

S&P 500 tumbles nearly 4% to new low for the year, closes in bear market territory

https://www.cnbc.com/2022/06/12/stock-market-news-open-to-close.html

Fed likely to hike rates by three-quarters of a point this week

https://www.cnbc.com/2022/06/13/fed-reportedly-may-hike-rates-by-three-quarters-of-a-point-this-week.html

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https://cms.zerohedge.com/s3/files/inline-images/consumer.jpg?itok=nk94bvwS

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https://cms.zerohedge.com/s3/files/inline-images/higher%20end%20consumer%20sentiments.jpg?itok=yQnua5Fy

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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%2Fd5ea1454-17c2-46fb-ab60-51d5e9015349_644x373.png

DHL Warns Supply Chain Won’t Recover to Pre-Covid Days in 2023 - Bloomberg

https://www.bloomberg.com/news/articles/2022-06-12/dhl-warns-supply-chain-won-t-recover-to-pre-covid-days-in-2023

Crude Oil Prices Today | OilPrice.com

TOPICS AND TIMESTAMPS:

Major Event 0:00

Recession or Inflation 0:17

Wall St Warns Recession 6:03

Inflation of Everything 8:24

Bull or Bear 11:07

Soaring Inflation Fuels Bets on Sharper Fed Rate Hikes | Top News | US News

https://www.usnews.com/news/top-news/articles/2022-06-10/fed-seen-raising-u-s-interest-rates-further-to-battle-hot-inflation#:~:text=June%2010%2C%202022%2C%20at%2010%3A31%20a.m.&text=(Reuters)%20%2DStubbornly%20hot%20U.S.,rate%20hike%20in%20coming%20months.

Bernanke Says Fed Can Sidestep Big Recession in Inflation Fight - Bloomberg

https://www.bloomberg.com/news/articles/2022-06-12/bernanke-says-fed-can-sidestep-big-recession-in-inflation-fight

Aggressive Fed Moves Back in Play as Yields Surge on CPI Shock - Bloomberg

https://www.bloomberg.com/news/articles/2022-06-13/treasury-two-year-yield-surges-as-cpi-shock-spurs-fed-re-pricing?srnd=premium-canada

Powell Facing Choice Between Elevated US Inflation and Recession - Bloomberg

https://www.bloomberg.com/news/articles/2022-06-12/powell-facing-choice-between-elevated-us-inflation-and-recession

Jamie Dimon, Jane Fraser Talk Up Possible Recession - Bloomberg

https://www.bloomberg.com/news/articles/2022-06-10/jamie-dimon-jane-fraser-talk-up-possible-recession?srnd=premium-canada

Economist Mohamed El-Erian: Most current inflation ‘could have been avoided’ if Fed acted earlier | Fox News

https://www.foxnews.com/politics/economist-mohamed-el-erian-inflation-federal-reserve

Finally. No Bid on MBS. - NotoriousROB

https://notoriousrob.com/2022/06/finally-no-bid-on-mbs/

Heat Wave: Record Temperatures Sears Texas, Central US - Bloomberg

https://www.bloomberg.com/news/articles/2022-06-12/record-heat-sears-texas-central-us-this-weekend?srnd=premium-canada

Texas Power Use Tops All-Time Record as Heat Bakes State - Bloomberg

https://www.bloomberg.com/news/articles/2022-06-12/texas-power-use-tops-all-time-record-as-heat-bakes-state#:~:text=With%20air%20conditioners%20humming%20across,Texas%2C%20which%20runs%20the%20system.

Smithfield Foods, Citing High Costs of Operating in California, to Close Pork Plant - WSJ

https://www.wsj.com/articles/smithfield-foods-citing-high-costs-of-operating-in-california-to-close-pork-plant-11654950795

McDonald's Is Cutting Healthy Food to Speed Up Wait Times - Bloomberg

https://www.bloomberg.com/news/articles/2022-06-09/mcdonald-s-is-cutting-healthy-food-to-speed-up-wait-times?sref=6uww027M

TOPICS AND TIMESTAMPS:

The Next Level 0:00

Everything Up 0:23

Transitory Inflation LOL 5:28

Weather Extremes 8:26

This Keeps Going 9:00

Food Prices to Keep Going Up, as Costs Surge - WSJ

https://www.wsj.com/articles/food-prices-to-keep-going-up-as-costs-surge-11654939800

Americans put more on credit cards as inflation boosts costs, Fed data show | The Spokesman-Review

https://www.spokesman.com/stories/2022/jun/10/americans-put-more-on-credit-cards-as-inflation-bo/

What Does a Normal Housing Market Look Like?

https://awealthofcommonsense.com/2022/06/what-does-a-normal-housing-market-look-like/

Austin says Russian invasion of Ukraine ‘preview’ of ‘possible world of chaos’ | The Hill

https://thehill.com/news/administration/3519842-austin-says-russian-invasion-of-ukraine-preview-of-possible-world-of-chaos/

Luxury Home Sales Sink 18% In Biggest Drop Since Start Of The Pandemic

https://www.forbes.com/sites/brendarichardson/2022/06/10/luxury-home-sales-sink-18-in-biggest-drop-since-start-of-the-pandemic/?sh=35a11e5d9895

CPI: Inflation Finally Drives a Stake Through ‘Transitory’ - Bloomberg

https://www.bloomberg.com/opinion/articles/2022-06-10/cpi-inflation-finally-drives-a-stake-through-transitory?srnd=premium

Silicon Valley braces for tech pullback after a decade of decadence

https://www.msn.com/en-us/news/us/silicon-valley-braces-for-tech-pullback-after-a-decade-of-decadence/ar-AAYlhX9?ocid=uxbndlbing

WPC's Short Range Public Discussion

https://www.wpc.ncep.noaa.gov/discussions/hpcdiscussions.php?disc=pmdspd

House prices to drop by 15 per cent in Australia, according to CBA | news.com.au — Australia’s leading news site

https://www.news.com.au/finance/real-estate/buying/house-prices-to-drop-by-15-per-cent-in-australia-according-to-cba/news-story/f6f344012aee2b0455748c28b5402e48

Shanghai Reimposes Dine-In Ban, Punishes Officials Over Lapse - Bloomberg

https://www.bloomberg.com/news/articles/2022-06-12/shanghai-reimposes-dine-in-ban-punishes-officials-over-lapse?srnd=premium

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Why Japan's Yen (JPY) Is the Weakest in 20 Years and What That Means - Bloomberg

https://www.bloomberg.com/news/articles/2022-06-10/why-the-yen-is-so-weak-and-what-that-means-for-japan-quicktake?srnd=premium

Why Price Controls Should Stay in the History Books

https://www.stlouisfed.org/publications/regional-economist/2022/mar/why-price-controls-should-stay-history-books#authorbox

Treasuries Dare Fed to Step Up Hikes or Risk Inflation Defeat - Bloomberg

https://www.bloomberg.com/news/articles/2022-06-11/treasuries-dare-fed-to-step-up-hikes-or-risk-inflation-defeat?srnd=premium

TOPICS AND TIMESTAMPS:

Sinking Ship 0:00

Why Markets Fell 0:15

Household Wealth Drop 6:53

DON’T YOU DARE! 8:53

Rant GPS 10:07

Dow falls 800 points after inflation hits 40-year high, consumer sentiment plummets

https://www.cnbc.com/2022/06/09/stock-market-news-open-to-close.html

US Consumer Sentiment Slumps to Record Low on Inflation Woes - BNN Bloomberg

https://www.bnnbloomberg.ca/us-consumer-sentiment-slumps-to-record-low-on-inflation-woes-1.1777141

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Consumer price index May 2022:

https://www.cnbc.com/2022/06/10/consumer-price-index-may-2022.html

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https://cms.zerohedge.com/s3/files/inline-images/global%20inflation%20yoy.jpg?itok=hQO6Wh34

American Household Wealth Declines for First Time in 2 Years

https://www.businessinsider.com/american-household-wealth-drops-stock-market-slump-real-estate-gains-2022-6

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Avocado Spike Makes Guacamole Pricier in Mexico Amid Fertilizer Shortages - Bloomberg

https://www.bloomberg.com/news/articles/2022-06-09/avocado-s-19-spike-drives-mexico-inflation-amid-fertilizer-woes?srnd=economics-vp

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TOPICS AND TIMESTAMPS:

Everywhere You Go 0:00

Recession or Not? 0:15

Watch Out For This 5:47

Target and Walmart 7:55

Financial Crisis 9:56

While Janet Yellen suggests we have no reason to worry about recession, if you stay with me through this entire video, I will show you why that’s probably false.

Janet Yellen Rejects Idea Corporate Greed Is to Blame for US Inflation - Bloomberg

https://www.bloomberg.com/news/articles/2022-06-09/yellen-rejects-idea-corporate-greed-is-to-blame-for-inflation

'Nothing to suggest' US will have a recession: Yellen

https://news.yahoo.com/nothing-suggest-us-recession-yellen-213705337.html

Oil Slips at End of Week as Traders Weigh China’s Demand Outlook - Bloomberg

https://www.bloomberg.com/news/articles/2022-06-09/oil-set-for-seventh-weekly-gain-as-traders-weigh-china-s-return

Gas prices hit $5 national average after rapid rise - ABC News

https://abcnews.go.com/Business/gas-prices-hit-national-average-rapid-rise/story?id=85258013

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https://cms.zerohedge.com/s3/files/inline-images/2022-06-09_11-03-20_0.jpg?itok=O412UFbs

Don’t Be Fooled by Conflicting Inflation Metrics. The Federal Reserve Won’t. - Bloomberg

https://www.bloomberg.com/opinion/articles/2022-06-09/don-t-be-fooled-by-conflicting-inflation-metrics-the-federal-reserve-won-t

Trafigura warns oil prices could reach ‘parabolic state’ in threat to economy | Financial Times

https://www.ft.com/content/a6e7fdb3-be01-4473-9eee-2e496a3dda82

Record UK Gasoline Prices See Biggest Daily Surge In 17 Years | OilPrice.com

https://oilprice.com/Latest-Energy-News/World-News/Record-UK-Gasoline-Prices-See-Biggest-Daily-Surge-In-17-Years.html

Why Target’s inventory problem is freaking everybody out - FreightWaves

https://www.freightwaves.com/news/why-everyone-is-freaking-out-about-targets-inventory?utm_content=211021494&utm_medium=social&utm_source=facebook&hss_channel=fbp-179175252108775

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https://cms.zerohedge.com/s3/files/inline-images/contaienr%20shipping%20rates.jpg?itok=aqyyQPtq

Stanley Druckenmiller Warns ‘Bear Market Has a Ways to Run’ as Fed Hikes Rates - Bloomberg

https://www.bloomberg.com/news/articles/2022-06-09/druckenmiller-warns-bear-market-has-a-ways-to-run-as-fed-hikes?srnd=premium

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India Seen as Thwarting G-7 Push to Avert Global Food Crisis - Bloomberg

https://www.bloomberg.com/news/articles/2022-06-09/india-seen-as-thwarting-g-7-push-to-avert-global-food-crisis?srnd=premium

Huy Fong Sriracha Shortage May Last for Months After Chili Crop Failure - Bloomberg

https://www.bloomberg.com/news/articles/2022-06-09/huy-fong-sriracha-shortage-production-halted-after-weather-ruins-chili-crop?srnd=premium

Insurance Ban Is The EU’s Biggest Blow Yet To Russian Oil Exports | OilPrice.com

https://oilprice.com/Energy/Energy-General/Insurance-Ban-Is-The-EUs-Biggest-Blow-Yet-To-Russian-Oil-Exports.html

Europe Natural Gas Price Soars as Fire in US Compounds Russia Supply Concern - Bloomberg

https://www.bloomberg.com/news/articles/2022-06-09/us-lng-outage-sends-european-gas-soaring-as-supply-fears-revive

Blockchain scalability and the fragmentation of crypto

https://www.bis.org/publ/bisbull56.pdf