The Money GPS

TOPICS AND TIMESTAMPS:

What’s Coming? 0:00

HOT INFLATION 0:35

SEPTEMBER WEAKNESS 7:54

CATHIE WOOD 12:05

$GPS INSIGHTS

#1 INFLATION PICKING UP ALL OVER THE WORLD, CONTROLLED BY LOW RATES

#2 CENTRAL BANKS HAVE STARTED TO TIGHTEN BUT TOO LATE

#3 INVESTORS MUST READJUST THEIR PORTFOLIO TO WITHSTAND VOLATILITY

Producer inflation accelerated in August, as wholesale prices rose record 8.3% from a year ago

https://www.cnbc.com/2021/09/10/august-wholesale-prices-rise-8point3percent-on-an-annual-basis-biggest-advance-on-record.html

Supply bottlenecks keep heat on U.S. producer prices

https://news.trust.org/item/20210910134804-4c8jj

More Strategists Say a Storm Is Brewing in the U.S. Stock Market - Bloomberg

https://www.bloomberg.com/news/articles/2021-09-10/deutsche-team-sees-risk-of-hard-equity-valuation-correction

More Strategists Say a Storm Is Brewing in the U.S. Stock Market - Bloomberg

https://www.bloomberg.com/news/articles/2021-09-10/deutsche-team-sees-risk-of-hard-equity-valuation-correction

Customers face permanent food shortages fuelled by lack of lorry drivers, warns industry leader | Business News | Sky News

https://news.sky.com/story/customers-face-permanent-food-shortages-fuelled-by-lack-of-lorry-drivers-warns-industry-leader-12403956

Climate change, supply chain and labor issues are making food pricier

https://www.cnbc.com/2021/09/10/climate-change-supply-chain-and-labor-issues-are-making-food-pricier.html

Luxury brands flock to suburbs and vacation hot spots where the rich are riding out the pandemic

https://www.stamfordadvocate.com/business/article/Luxury-brands-flock-to-suburbs-and-vacation-hot-16448294.php

Bill Gates Takes Control of Four Seasons Hotels in Deal Valuing It at $10 Billion - WSJ

https://www.wsj.com/articles/bill-gatess-investment-firm-buys-controlling-stake-in-four-seasons-11631109822#:~:text=Saudi%20Prince%20al%2DWaleed%20bin,hotel%20operator%20at%20%2410%20billion.

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https://cms.zerohedge.com/s3/files/inline-images/sept%20seasonality%202.png?itok=SP5m3WnM

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https://cms.zerohedge.com/s3/files/inline-images/monthly%20returns%20gs.png?itok=e0nPA2LD

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https://cms.zerohedge.com/s3/files/inline-images/bfmBEE5.jpg?itok=m3mpUaCF

Sprott Physical Uranium Trust

https://sprott.com/investment-strategies/physical-commodity-funds/uranium/#

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https://cms.zerohedge.com/s3/files/inline-images/broad%20credit%20growth%20MS.jpg?itok=RkaPJK9V

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https://cms.zerohedge.com/s3/files/inline-images/valuation%20bubble.jpg?itok=KljlzcUn

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https://cms.zerohedge.com/s3/files/inline-images/equity%20valuation%20table.jpg?itok=PsEeszvy

Cathie Wood’s ARK Invest Dumps Over $100 Million Worth of Tesla Stock – 24/7 Wall St.

https://247wallst.com/investing/2021/09/09/cathie-woods-ark-invest-dumps-over-100-million-worth-of-tesla-stock/

Cathie Wood’s Ark cuts China positions ‘dramatically’ | Financial Times

https://www.ft.com/content/4ddf4b5b-3267-41b2-ad04-8f4e77783a5c

Angry Evergrande Homebuyers Protest Against Construction Halt - Bloomberg

https://www.bloomberg.com/news/articles/2021-09-10/angry-evergrande-homebuyers-protest-against-construction-halt?sref=RJ2RlMrh

Bitcoin to Bucks: Crypto Fans Borrow to Buy Homes, Cars—and More Crypto - WSJ

https://www.wsj.com/articles/crypto-fans-borrow-to-buy-homes-carsand-more-crypto-11631266200

TOPICS AND TIMESTAMPS:

The Unravelling 0:00

FED SELLING 0:40

CANADA TAPER 5:13

CONSUMER DEBT 10:32

$GPS INSIGHTS

#1 CENTRAL BANKS ARE ACTIVELY INVOLVED IN TIGHTENING

#2 ODDLY COINCIDENTAL THAT FED MEMBERS SELLING AT PEAK

#3 MARKETS DISCONNECTED AND RELY ON DANGEROUS ALGORITHMS

Fed’s Kaplan, Rosengren Will Sell All Stocks Amid Ethics Concerns - Bloomberg

https://www.bloomberg.com/news/articles/2021-09-09/fed-s-kaplan-rosengren-to-sell-all-stocks-amid-ethics-concerns?srnd=premium-canada

Fed presidents Kaplan, Rosengren to sell individual stock holdings to address ethics concerns

https://www.cnbc.com/2021/09/09/feds-rosengren-to-sell-individual-stock-portfolio-to-address-ethics-concerns.html

Sven Henrich on Twitter: "You really can't make this up. https://t.co/n5bGmGDAdp" / Twitter

https://twitter.com/NorthmanTrader/status/1436082195286876164

Bank of Canada Maintains Bond Buying, Sees Second-Half Rebound - Bloomberg

https://www.bloomberg.com/news/articles/2021-09-08/bank-of-canada-maintains-bond-buying-sees-second-half-rebound?srnd=premium-canada

Bank of Canada Plans Rate Hike Before Reducing Bond Holdings - Bloomberg

https://www.bloomberg.com/news/articles/2021-09-09/bank-of-canada-vows-to-hike-rates-before-reducing-bond-holdings?srnd=premium-canada

Six reasons why Jim Cramer is concerned about the stock market in September

https://www.cnbc.com/2021/09/08/six-reasons-why-jim-cramer-is-concerned-about-the-stock-market-in-september.html

Amazon Dangles a New Perk in Fight for U.S. Workers: Free Bachelor’s Degrees - WSJ

https://www.wsj.com/articles/amazon-dangles-a-new-perk-in-fight-for-u-s-workers-free-bachelors-degrees-11631197800

Bitcoin Could Eventually Collapse, Swedish Central Banker Warns By Bloomberg

https://www.investing.com/news/cryptocurrency-news/bitcoin-could-eventually-collapse-swedish-central-banker-warns-2611490

As 'buy now, pay later' surges, a third of U.S. users fall ...

https://news.trust.org/item/20210909135950-qy1xg

Eric Balchunas on Twitter: "The Uranium ETF $URNM having biggest flow week of its life after a 50%(!) move up in less then 3wks. Is now up 82% YTD and 216% since launching 18mo ago. It's now about half a billion and trading over $10m/day regularly. In short, it has arrived. https://t.co/Cj5OEcPVHa" / Twitter

https://twitter.com/EricBalchunas/status/1435971579889004553/photo/1

Chick-fil-A Dealing With Closures as Worker Shortage Continues

https://popculture.com/trending/news/chick-fil-a-dealing-closures-worker-shortage-continues/

TOPICS AND TIMESTAMPS:

Dig Deep 0:00

FED OPEN SECRET 0:33

ECONOMIC HEADWINDS 3:54

DEBT 9:40

$GPS INSIGHTS

#1 THE ECONOMY IS ENTERING A NEW PHASE OF WEAKNESS

#2 STOCKS IGNORE EVERYTHING AND RELY ON MORE DEVALUATION

#3 PEOPLE MUST PREPARE FOR HIGHER DEBT LOADS AND SHORTAGES

Fed Official Who Warned on Real Estate Traded REITs Actively - Bloomberg

https://www.bloomberg.com/news/articles/2021-09-08/fed-official-who-warned-on-real-estate-was-active-reit-trader

Eventbrite sheds most of its SF office space a year after mass layoffs

https://www.sfgate.com/tech/article/Eventbrite-tech-sheds-most-SF-office-space-layoffs-16443394.php

Amazon to open 2 cashier-less Whole Foods stores next year

https://apnews.com/article/lifestyle-technology-business-whole-foods-market-inc-191e1b33130cf55d01243b84cf28b19c

unemp vs jolts aug 2021.jpg (1259×667)

https://cms.zerohedge.com/s3/files/inline-images/unemp%20vs%20jolts%20aug%202021.jpg?itok=Pjh0anFY

3 major companies just fired a warning shot at stock market bulls

https://ca.news.yahoo.com/3-major-companies-just-fired-a-warning-shot-at-stock-market-bulls-170852326.html

The Fed - Beige Book - September 8, 2021

https://www.federalreserve.gov/monetarypolicy/beigebook202109.htm

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Javier Blas on Twitter: "🔌🔌🔌EUROPEAN ENERGY CRUNCH⚡⚡⚡ Day ahead UK electricity prices climb to a [[insert here hyperbolic adjective]] record high of £277 per MWh (that's more than €300 per MWh). Again, wind is generating very, very little. Gas is super pricey. CO2 too. Coal is fired-up https://t.co/SMT3l6GJ9s" / Twitter

https://twitter.com/JavierBlas/status/1435535179683188737

Yellen: US on track to default on national debt in October | TheHill

https://thehill.com/policy/finance/571237-yellen-us-on-track-to-default-on-national-debt-in-october?rl=1

Digital Currencies Pave Way for Deeply Negative Interest Rates - WSJ

https://www.wsj.com/articles/digital-currencies-pave-way-for-deeply-negative-interest-rates-11631091581

Biden’s Total Financial Surveillance – Reason.com

https://reason.com/2021/09/08/bidens-total-financial-surveillance/

TOPICS AND TIMESTAMPS:

Dirty Little Secret 0:00

FED BUYING 0:45

AUSTRALIA 6:50

CHINA 12:38

$GPS INSIGHTS

#1 THE FED BAILING OUT MEGA CORPS. MEMBERS BUY THE STOCKS

#2 MIDDLE CLASS EVAPORATING WHILE TOTALITARIAN SYSTEM THRIVING

#3 THEY WILL KNOW WHEN TO PULL THE PLUG

Dallas Fed’s Robert Kaplan Was Active Buyer and Seller of Stocks Last Year - WSJ

https://www.wsj.com/articles/dallas-feds-robert-kaplan-was-active-buyer-and-seller-of-stocks-last-year-11631044094

The Fed is buying some of the biggest companies' bonds, raising questions over why

https://www.cnbc.com/2020/06/29/the-fed-is-buying-some-of-the-biggest-companies-bonds-raising-questions-over-why.html

Dallas Fed’s Robert Kaplan Was Active Buyer and Seller of Stocks Last Year - WSJ

https://www.wsj.com/amp/articles/dallas-feds-robert-kaplan-was-active-buyer-and-seller-of-stocks-last-year-11631044094?mod=searchresults_pos1&page=1

What's in the portfolio of Dallas Fed President Robert Kaplan? Have a look

https://www.forexlive.com/centralbank/!/the-feds-kaplan-had-27-individual-stock-holdings-worth-more-than-1-million-each-20210907

dallasfedform.pdf

https://s.wsj.net/public/resources/documents/dallasfedform.pdf

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

https://www.rba.gov.au/media-releases/2021/mr-21-19.html

UPDATE 1-Australian dollar falls as RBA delivers tapering with a dovish twist | Reuters

https://www.reuters.com/article/australia-forex-idUSL1N2Q9098

Official Reserve Assets – August 2021 | RBA

https://www.rba.gov.au/statistics/frequency/reserve-assets.html

Cost of Moving Cars Across the Ocean Is at a 13-Year High - Bloomberg

https://www.bloomberg.com/news/articles/2021-09-07/cost-of-moving-cars-across-the-ocean-is-at-a-13-year-high

U.S. Ports See Shipping Logjams Likely Extending Far Into 2022 - WSJ

https://www.wsj.com/articles/u-s-ports-see-shipping-logjams-likely-extending-far-into-2022-11630843202?mod=hp_lead_pos3

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https://cms.zerohedge.com/s3/files/inline-images/2021-08-27.png?itok=xTPqMEXs

Tent cities now part of the landscape

https://www.chron.com/news/article/Tent-cities-now-part-of-the-landscape-16438916.php

Chinese muscle in on Afghanistan's rare earth mineral deposits, create headaches for Biden - Washington Times

https://www.washingtontimes.com/news/2021/sep/7/chinese-muscle-afghanistans-rare-earth-mineral-dep/

China Weighing Occupation of Former U.S. Air Base at Bagram: Sources | World Report | US News

https://www.usnews.com/news/world-report/articles/2021-09-07/china-weighing-occupation-of-former-us-air-base-at-bagram-sources

China’s M&A Kings Cash Out of Overseas Bets at Near-Record Pace - Bloomberg

https://www.bloomberg.com/news/articles/2021-09-06/china-s-m-a-kings-cash-out-of-overseas-bets-at-near-record-pace?sref=RJ2RlMrh

TOPICS AND TIMESTAMPS:

Big News 0:00

7 MILLION 0:29

RECOVERY FADING 4:03

COMMODITIES 10:25

$GPS INSIGHTS

#1 AS MILLIONS LOSE BENEFITS, SOME SUGGEST MORE JOBS WILL BE FILLED

#2 RECORD LEVEL DEBT GETTING WORSE AS PRICES SKYROCKET

#3 INVESTORS MUST NOT IGNORE ECONOMIC REALITY

Goldman Cuts U.S. Growth Forecast as Consumer Sees ‘Harder Path’ - Bloomberg

https://www.bloomberg.com/news/articles/2021-09-06/goldman-cuts-u-s-growth-forecast-as-consumer-sees-harder-path

More than 7 million people lose unemployment benefits on Labor Day - Axios

https://www.axios.com/unemployment-benefits-expire-7f888366-d5bf-4987-b26e-16596401ce29.html

Unemployment Benefits Expire for Millions Without Pushback From Biden - The New York Times

https://www.nytimes.com/2021/09/06/business/economy/unemployment-benefits.html

Unemployment benefits expire for 7 million Americans, pressuring families and the economy - The Washington Post

https://www.washingtonpost.com/business/2021/09/05/unemployment-benefits-economy/

Restaurant recovery hits screeching halt - Axios

https://www.axios.com/restaurant-recoverys-screeching-halt-489d08f0-279e-4f63-ae93-c8e2ca227af2.html

A Generation of American Men Give Up on College: ‘I Just Feel Lost’ - WSJ

https://www.wsj.com/articles/college-university-fall-higher-education-men-women-enrollment-admissions-back-to-school-11630948233

Student Loans Owned and Securitized (SLOAS) | FRED | St. Louis Fed

https://fred.stlouisfed.org/series/SLOAS

Consumer Loans: Credit Cards and Other Revolving Plans, All Commercial Banks (CCLACBW027SBOG) | FRED | St. Louis Fed

https://fred.stlouisfed.org/series/CCLACBW027SBOG

The 6 Best Buy Now, Pay Later Apps

https://www.moneyunder30.com/best-buy-now-pay-later-apps

Progressives’ Tax-the-Rich Dreams Fade as Democrats Struggle for Votes - WSJ

https://www.wsj.com/articles/progressives-tax-the-rich-dreams-fade-as-democrats-struggle-for-votes-11630850400

World shares at record high as investors count on Fed largesse | Reuters

https://www.reuters.com/world/middle-east/global-markets-wrapup-1-2021-09-07/

Guinea Coup Poses Supply-Chain Risks for China’s Aluminum Sector - Bloomberg

https://www.bloomberg.com/news/articles/2021-09-06/guinea-coup-poses-supply-chain-risks-for-china-s-aluminum-sector

GSCI Commodity Index | 1969-2021 Data | 2022-2023 Forecast | Price | Quote | Chart

https://tradingeconomics.com/commodity/gsci

5 tips for getting out of debt

file:///Volumes/GoogleDrive/My%20Drive/GPS/5%20tips%20for%20getting%20out%20of%20debt.pdf

TOPICS AND TIMESTAMPS:

Watch Out 0:00

BENEFITS LOST 0:35

FOOD PRICES 4:51

CHINA’S CHANGE 14:03

$GPS INSIGHTS

#1 MILLIONS DO NOT HAVE A SAFETY NET, PUTTING THEM AT RISK

#2 SOME STATES HAVE RUSHED TO BACKSTOP THE ISSUE

#3 LOCALIZED NEGATIVE IMPACT ON ECONOMY

Jobs report adds fresh concerns over Monday's unemployment cliff | TheHill

https://thehill.com/policy/finance/570823-jobs-report-adds-fresh-concerns-over-mondays-unemployment-cliff?rl=1

Jobless Americans Are Stuck in Backlog Nightmare as Pandemic Benefits Expire - Bloomberg

https://www.bloomberg.com/news/articles/2021-09-05/jobless-americans-are-stuck-in-backlog-nightmare-as-pandemic-benefits-expire?srnd=premium-canada

Two anchors of COVID safety net ending, affecting millions

https://apnews.com/article/covid-19-safety-net-ending-unemployment-evictions-bca43d873a61a9059c72fe15b88b9a9a

FAO - News Article: Global food commodity prices rebound in August

http://www.fao.org/news/story/en/item/1437401/icode/

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http://www.fao.org/fileadmin/templates/worldfood/images/home_graph_1_sep841.jpg?23344565

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http://www.fao.org/fileadmin/templates/worldfood/images/home_graph_2_sep842.jpg?23944588926

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https://cms.zerohedge.com/s3/files/inline-images/CRB%20RIND.jpg?itok=hC3YA-A7

Tesla aims to release $25,000 electric car in 2023, likely will not have a steering wheel - Electrek

https://electrek.co/2021/09/02/tesla-aims-to-release-25000-electric-car-in-2023-likely-will-not-have-a-steering-wheel/

Bad Ideas Tried Again: Pension Plans Borrow Money at a Record Pace to Invest - Mish Talk - Global Economic Trend Analysis

https://mishtalk.com/economics/bad-ideas-tried-again-pension-plans-borrow-money-at-a-record-pace-to-invest

Stocks and the market: Two strategists weigh odds of correction

https://www.cnbc.com/2021/09/05/stocks-and-the-market-two-strategists-weigh-odds-of-correction.html

China Evergrande Profit Drops as Developer Seeks to Ease Cash Crunch - Bloomberg

https://www.bloomberg.com/news/articles/2021-08-31/evergrande-profit-drops-as-developer-seeks-to-ease-cash-crunch

Clock Ticks for Evergrande as $7.4 Billion of Bonds Due 2022 - Bloomberg

https://www.bloomberg.com/news/articles/2021-09-05/clock-ticks-for-evergrande-as-7-4-billion-of-bonds-due-in-2022

TOPICS AND TIMESTAMPS:

It’s About China 0:00

CHINA’S COMPANIES 0:34

CHINA’S STOCKS 8:42

CHINA’S CONTROL 9:52

$GPS INSIGHTS

#1 AS THE ECONOMY WEAKENS, CHINA MOVES INTO A NEW PHASE

#2 ABSOLUTE DOMINANCE IS THE GOAL

#3 NATIONALIZING AND RESTRICTIONS ARE TAKING PLACE

Evergrande bond trading halted on growing fears of cash crunch | Financial Times

https://www.ft.com/content/b4e2b0be-733d-41e5-991b-a3d40e8da31b

Inside Huarong Bailout That Rocked China’s Financial Elite - Bloomberg

https://www.bloomberg.com/news/articles/2021-08-30/inside-the-huarong-bailout-that-rocked-china-s-financial-elite?sref=6uww027M

Huarong Puts $59 Billion in Bad Assets on Sale to Raise Cash - Bloomberg

https://www.bloomberg.com/news/articles/2021-09-02/huarong-seeks-to-sell-59-billion-in-bad-assets-to-raise-cash#:~:text=China%20Huarong%20Asset%20Management%20Co,a%20statement%20on%20its%20website.

China Plans $7 Billion Huarong Recapitalization Led by Citic - Bloomberg

https://www.bloomberg.com/news/articles/2021-08-18/huarong-poised-to-get-7-billion-in-citic-led-recapitalization

Shanghai Suspends Key Approval on Route to Offshore Listings - Bloomberg

https://www.bloomberg.com/news/articles/2021-09-03/shanghai-suspends-key-approval-on-route-to-offshore-listings

China Quants Pay $300,000 to Beat Wall Street to Graduates - Bloomberg

https://www.bloomberg.com/news/articles/2021-08-31/china-quants-pay-300-000-to-beat-wall-street-to-best-graduates

China to ban kids from playing online games for more than three hours per week

https://www.cnbc.com/2021/08/30/china-to-ban-kids-from-playing-online-games-for-more-than-three-hours-per-week.html

Chinese Finance Regulators Vow Tighter Supervision, New Rules - Bloomberg

https://www.bloomberg.com/news/articles/2021-09-04/chinese-finance-regulators-vow-tighter-supervision-new-rules?sref=i4qXzk6d

Ether Briefly Tops $4,000 as Upgrade, NFT Momentum Gathers Pace - Bloomberg

https://www.bloomberg.com/news/articles/2021-09-04/ether-briefly-tops-4-000-as-upgrade-nft-momentum-gathers-pace

TOPICS AND TIMESTAMPS:

Big Changes 0:00

BENEFITS GONE 0:33

ECONOMY WEAK 3:41

CANADA’S #1 8:50

$GPS INSIGHTS

#1 MILLIONS ARE FULLY SUPPORTED BY BENEFITS, ENDING SOON

#2 ADD ON TOP POTENTIAL EVICTIONS AND LACK OF NEW STIMULUS

#3 DATA HAS SHOWN ECONOMIC WEAKNESS ON ALL LEVELS

Jobs report August 2021 shocker: Only 235,000 new jobs

https://www.cnbc.com/2021/09/03/jobs-report-august-2021.html

News Release

https://www.dol.gov/ui/data.pdf

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Supply Lines Latest: Dearth of Workers Risks Even Higher Food Prices - Bloomberg

https://www.bloomberg.com/news/newsletters/2021-09-03/supply-lines-latest-dearth-of-workers-risks-even-higher-food-prices

Car Buyers Face Bleak Prospects This Labor Day Weekend - WSJ

https://www.wsj.com/articles/car-buyers-face-bleak-prospects-this-labor-day-weekend-11630661402

Help Wanted: Half of U.S. Small Businesses Have Unfilled Positions - Bloomberg

https://www.bloomberg.com/news/articles/2021-09-02/share-of-u-s-small-firms-with-job-openings-hits-new-record

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https://cms.zerohedge.com/s3/files/inline-images/bfm435C.jpg?itok=0uZHvcOs

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https://cms.zerohedge.com/s3/files/inline-images/bfmB7FA_0.jpg?itok=5MjzfkWV

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https://cms.zerohedge.com/s3/files/inline-images/bfm5616.jpg?itok=xMsa_mIY

8bfca1780ca342dd8bf08db50fcee9d8

https://www.markiteconomics.com/Public/Home/PressRelease/8bfca1780ca342dd8bf08db50fcee9d8

RBC Headquarters for Sale as Oxford, CPPIB Seek $1 Billion-Plus - Bloomberg

https://www.bloomberg.com/news/articles/2021-09-02/rbc-headquarters-for-sale-as-oxford-cppib-seek-1-billion-plus?srnd=premium-canada

Canada Housing: Toronto Crunch Worsens as Trudeau Seeks to Appease Voters - Bloomberg

https://www.bloomberg.com/news/articles/2021-09-03/toronto-home-crunch-worsens-as-trudeau-seeks-to-appease-voters

Rural Ontario home gets 13 offers, sells for $367,000 over asking - The Globe and Mail

https://www.theglobeandmail.com/real-estate/toronto/article-rural-ontario-home-gets-13-offers-sells-for-367000-over-asking/

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https://cms.zerohedge.com/s3/files/inline-images/2021-09-03.png?itok=zXCTI8ne

CNBC Analyzes Dismal Jobs Report Amid Delta: 'Terrible News'

https://www.mediaite.com/news/this-is-terrible-news-cnbc-breaks-down-dismal-jobs-report/

Valuations Are Extreme Even With Rose Tinted Glasses

https://realinvestmentadvice.com/valuations-are-extreme-even-with-rose-tinted-glasses

TOPICS AND TIMESTAMPS:

Debt Madness 0:00

DEBT 0:33

CBDC’S 6:31

DEFICITS 11:07

$GPS INSIGHTS

#1 DEBT IS PILING UP AROUND EVERY CORNER AND IT WON’T BE PAID BACK

#2 GOVERNMENTS OFFER A SAFETY NET BUT IT’S RUNNING OUT

#3 GET OUT OF DEBT BY CONSOLIDATING, CHANGE PAYMENT FREQUENCY

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https://cms.zerohedge.com/s3/files/inline-images/total%20claimants.jpg?itok=iQBT1dIW

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https://cms.zerohedge.com/s3/files/inline-images/total%20claims%209.2.jpg?itok=cqHkk2gL

Why I Won’t Support Spending Another $3.5 Trillion - WSJ

https://www.wsj.com/articles/manchin-pelosi-biden-3-5-trillion-reconciliation-government-spending-debt-deficit-inflation-11630605657

dealer inventories.jpg (639×455)

https://cms.zerohedge.com/s3/files/inline-images/dealer%20inventories.jpg?itok=gfc6mHrj

auto SAAR aug.jpg (451×346)

https://cms.zerohedge.com/s3/files/inline-images/auto%20SAAR%20aug.jpg?itok=lwlifbv7

incentive spending gs.jpg (672×475)

https://cms.zerohedge.com/s3/files/inline-images/incentive%20spending%20gs.jpg?itok=xPW1QXMV

What Is the Average Length of a Car Loan? - Experian

https://www.experian.com/blogs/ask-experian/what-is-the-average-length-of-a-car-loan/

Central Bank Digital Currencies to Be Tested in BIS Experiment

https://www.bloombergquint.com/global-economics/central-bank-digital-currencies-to-be-tested-in-bis-experiment

Australia, Singapore, Malaysia and South Africa launch joint CBDC pilot

https://cointelegraph.com/news/australia-singapore-malaysia-and-south-africa-launch-joint-cbdc-pilot

Speak No Evil of the S&P 500’s Neverending Records - WSJ

https://www.wsj.com/articles/speak-no-evil-of-the-s-p-500s-neverending-records-11630590653

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https://www.oftwominds.com/photos2021/energy-by-source-2019a.png

Sven Henrich on Twitter: "The ECB & Fed have added $7 trillion to their combined balance sheets in just a year & a half. Between 2008 & 2017, in those 10 years they had added $6.5 trillion. This means they have bought more assets in 17 months than they did in the 10 years following the GFC. https://t.co/aplJeLqOIr" / Twitter

https://twitter.com/NorthmanTrader/status/1433057798993158144?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1433057798993158144%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fnorthmantrader.com%2F2021%2F09%2F01%2Funtethered%2F

China Ghost Cities 2021: Population Growth in Binhai, Zhengdong New Districts - Bloomberg

https://www.bloomberg.com/news/features/2021-09-01/chinese-ghost-cities-2021-binhai-zhengdong-new-districts-fill-up

Social Security Will Not Be Able to Pay Promised Benefits by 2034 - Mish Talk - Global Economic Trend Analysis

https://mishtalk.com/economics/social-security-will-not-be-able-to-pay-promised-benefits-by-2034

TOPICS AND TIMESTAMPS:

Ups and Downs 0:00

TROUBLED ECONOMY 0:41

STOCK BUYBACKS 11:15

MAGICAL MONEY MAKER 14:28

$GPS INSIGHTS

#1 THE ECONOMY RELIES ON ONE THING: STIMULUS

#2 NOW THAT STIMULUS GOING AWAY, ECONOMY WEAKENED

#3 STOCKS IGNORE ECONOMY AND CENTRAL BANKS ARE HELPING

Americans Are Stocking Up on Toilet Paper Again - WSJ

https://www.wsj.com/articles/americans-are-stocking-up-on-toilet-paper-again-11630431042

lumber_1.jpg (736×402)

https://cms.zerohedge.com/s3/files/inline-images/lumber_1.jpg?itok=lfivpwz4

cb6af618670b451b98cd0d3f1e41cd31

https://www.markiteconomics.com/Public/Home/PressRelease/cb6af618670b451b98cd0d3f1e41cd31

final pmis.jpg (762×776)

https://cms.zerohedge.com/s3/files/inline-images/final%20pmis.jpg?itok=PM5X9zcx

Business Travel One Pager 8.25.21.pdf

https://www.ahla.com/sites/default/files/Business%20Travel%20One%20Pager%208.25.21.pdf

Why Are So Many Americans Leaving Their Jobs Right Now? - Nextgov

https://www.nextgov.com/ideas/2021/08/why-are-so-many-americans-leaving-their-jobs-right-now/184949/

How the delta variant stole Christmas: Empty shelves, long waits — and yes, higher prices

https://www.msn.com/en-us/money/companies/how-the-delta-variant-stole-christmas-empty-shelves-long-waits-e2-80-94-and-yes-higher-prices/ar-AANYHgK

About Half of Manhattan Employers Delay Return-to-Work Due to Delta, Survey Says – NBC New York

https://www.nbcnewyork.com/news/local/about-half-of-manhattan-employers-delay-return-to-work-due-to-delta-survey-says/3250822/

record bank buybacks 2.jpg (788×314)

https://cms.zerohedge.com/s3/files/inline-images/record%20bank%20buybacks%202.jpg?itok=svST7b-K

NYSE FANG index_1.jpg (1245×662)

https://cms.zerohedge.com/s3/files/inline-images/NYSE%20FANG%20index_1.jpg?itok=cpkIDz0e

Cathie Wood Ark Transparency ETF: Banking, Oil Shut Out; Tech, Consumer In - Bloomberg

https://www.bloomberg.com/news/articles/2021-08-31/cathie-wood-s-new-etf-shuts-out-banking-fossil-fuels-and-vice

NFTs, DeFi Boost for Ethereum Dims Clamor of Bitcoin Maximalists - Bloomberg

https://www.bloomberg.com/news/articles/2021-09-01/nfts-defi-boost-for-ethereum-dims-clamor-of-bitcoin-maximalists?sref=6uww027M

NFT volumes_1.jpg (752×420)

https://cms.zerohedge.com/s3/files/inline-images/NFT%20volumes_1.jpg?itok=f78cSWgk