The Money GPS

TOPICS AND TIMESTAMPS:

It’s Happening  0:00

Consumer Tapped Out 0:10

Ray Dalio 2:23

Real Estate Slow 4:09

Buyers Stop Buying 5:57

Apple and Affirm 10:39

Solutions 11:57

China Covid News: Shanghai Puts Areas Back Into Lockdown in Hunt for Cases - Bloomberg

https://www.bloomberg.com/news/articles/2022-06-09/shanghai-puts-one-district-back-into-lockdown-in-hunt-for-cases?srnd=premium-canada

No, you're not imagining it — package sizes are shrinking | AP News

https://apnews.com/article/india-prices-business-d2c8279d39e1304f5623b3a99b56b8cc

Ray Dalio Says Central Banks to Cut Rates in 2024, AFR Reports

https://www.yahoo.com/now/ray-dalio-says-central-banks-021950861.html

Bridgewater bets against US and European corporate bonds on slowdown fears | Financial Times

https://www.ft.com/content/a206e3d7-fc89-4e95-9d20-32cc99d97938

Funding squeeze at buy-now-pay-later firm flashes warning - BNN Bloomberg

https://www.bnnbloomberg.ca/funding-squeeze-at-buy-now-pay-later-pioneer-affirm-flashes-warning-sign-for-industry-1.1775725

2022-06-08_05-41-08.jpg (1008×531)

https://cms.zerohedge.com/s3/files/inline-images/2022-06-08_05-41-08.jpg?itok=Zp2ZVjjd

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https://cms.zerohedge.com/s3/files/inline-images/mortgage-payment-for-median-new-home-as-percent-of-median-household-income-200012-202204.png?itok=gOxhvKIa

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https://cms.zerohedge.com/s3/files/inline-images/relative-affordability-of-new-homes-in-US-annual-1967-2020-monthly-200012-202204.png?itok=X8ELDzLQ

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https://cms.zerohedge.com/s3/files/inline-images/personal-savings-1024x683.png?itok=8bymBvei

Lumber Price Gets Chopped in Half Amid Chill in Housing Markets - Bloomberg

https://www.bloomberg.com/news/articles/2022-06-08/lumber-price-gets-chopped-in-half-amid-chill-in-housing-markets?srnd=premium-canada

TOPICS AND TIMESTAMPS:

Here We Go 0:00

Recession is On 0:13

Debt Extreme 4:36

Dollars and Oil 6:07

What’s Going To Happen? 12:44

TOPICS AND TIMESTAMPS:

It’s Wild 0:00

Jim Cramer 0:22

Big Flip 4:31

The Huge Change 8:10

'I'm seeing things I haven't seen in a long time', Cramer says

https://www.cnbc.com/video/2022/05/11/im-seeing-things-i-havent-seen-in-a-long-time-cramer-says.html?&recirc=taboolainternal

Janet Yellen Denies Calling for Biden's Rescue Package to be Scaled Back - Bloomberg

https://www.bloomberg.com/news/articles/2022-06-05/yellen-denies-urging-smaller-biden-relief-plan-in-early-2021?srnd=premium-canada

Steven Mnuchin on Twitter: "Thanks to @usmint staff for hosting at #FortKnox #USBD. First @USTreasury Secretary to visit since John Snyder in 1948. Glad gold is safe!" / Twitter

https://twitter.com/stevenmnuchin1/status/899727624594903040

Brian G on Twitter: "Cotton has outpeformed "disruptive innovation" since ARKK's inception. Cotton. https://t.co/oYbQP0Kcm5" / Twitter

https://twitter.com/alphacharts/status/1529144029920735232?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1529144029920735232%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fwww.zerohedge.com%2Feconomics%2Fabsurd-market-hypothesis

Price of UK pint up more than 70% since financial crisis | Financial Times

https://www.ft.com/content/0a5e29dc-6aa7-4fe0-80ac-56a1141d7194

Inflation divide: The wealthy splurge, the poorest pull back | AP News

https://apnews.com/article/inflation-personal-taxes-67ce29f58a3668907db9027a677cc7af

China Covid News: Beijing Opens Up Restaurants, Cinemas - Bloomberg

https://www.bloomberg.com/news/articles/2022-06-06/beijing-opens-up-restaurants-cinemas-as-china-continues-easing?srnd=premium-canada

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Busy factories are turning to robots to pick up more work - Techzine Europe

https://www.techzine.eu/news/infrastructure/79973/busy-factories-are-turning-to-robots-to-pick-up-more-work/

People Are Running Backward. What Could Possibly Go Wrong? - WSJ

https://www.wsj.com/articles/people-are-running-backward-what-could-possibly-go-wrong-11654336800?mod=flipboard

EtherRock NFT sells for $1.3 million

https://www.cnbc.com/2021/08/23/people-are-paying-millions-of-dollars-for-digital-pictures-of-rocks.html?__source=androidappshare

How China Is Reviving Tools for Hedging Credit Risk: QuickTake - Bloomberg

https://www.bloomberg.com/news/articles/2022-06-05/how-china-is-reviving-tools-for-hedging-credit-risk-quicktake?srnd=premium-canada

Lifting Tariffs on Goods May Make Sense, US Commerce Chief Says - Bloomberg

https://www.bloomberg.com/news/articles/2022-06-05/lifting-tariffs-on-goods-may-make-sense-us-commerce-chief-says?srnd=premium-canada

TOPICS AND TIMESTAMPS:

Hazy Outlook 0:00

Recession Unavoidable 0:14

Be Prepared 3:57

Doesn’t Go Up 4:58

Billions Free 12:13

Larry Fink sees elevated inflation for years due to supply shocks

https://www.moneycontrol.com/news/world/larry-fink-sees-elevated-inflation-for-years-due-to-supply-shocks-8635161.html

Oil Sands Crude Prices Nosedive as Russian Bans Upend Market - Bloomberg

https://www.bloomberg.com/news/articles/2022-06-03/canadian-oil-sands-nosedive-as-russian-crude-bans-upend-market?srnd=premium-canada

Heavy rains, gusty winds damage homes, flood roads, stall cars across South Florida – WSVN 7News | Miami News, Weather, Sports | Fort Lauderdale

https://wsvn.com/news/local/heavy-rains-gusty-winds-damage-homes-flood-roads-stall-cars-across-south-florida/

Housing Boom Fails to Lift All Homes Above Previous Cycle’s Peak - WSJ

https://www.wsj.com/articles/housing-boom-fails-to-lift-all-homes-above-previous-cycles-peak-11654335001

Citi CEO Says US Will Find It Difficult to Avoid a Recession - Bloomberg

https://www.bloomberg.com/news/articles/2022-06-03/citigroup-ceo-fraser-says-recession-won-t-be-easy-to-avoid-in-us

ECB Is Ready to Tighten Just as Global Peers Speed Up: Eco Week - Bloomberg

https://www.bloomberg.com/news/articles/2022-06-04/ecb-is-ready-to-tighten-just-as-global-peers-speed-up-eco-week#xj4y7vzkg

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https://cms.zerohedge.com/s3/files/inline-images/Energy-Stocks-Are-Still-At-Record-Cheapness-vs.-Information-Technology.png?itok=Y4ic_7Pt

Record high Memorial Day gas prices are stinging consumers and impacting travel

https://www.cnbc.com/2022/05/27/record-high-memorial-day-gas-prices-are-stinging-consumers-and-impacting-travel.html

Real estate agents got $3.9 billion in Covid relief PPP loans. The housing market boomed, but few repaid the loans.

https://www.nbcnews.com/business/real-estate/real-estate-agents-got-39-billion-covid-relief-ppp-loans-housing-marke-rcna26947

TOPICS AND TIMESTAMPS:

Up 0:00

Inflation Pump

Signals of Change Coming 2:56

Can’t Return To Normal 7:01

The Slide Down 10:08

Signals of change

Inflation heating in some areas but slowdown in others

Pain at the pump: Gas costs nearly $10 a gallon at this California station

https://www.fox5ny.com/news/gas-is-nearly-10-a-gallon-at-this-california

Oil Executives Sell Stock Like Crazy While Gas Prices Soak Americans

https://www.thedailybeast.com/oil-executives-sell-stock-like-crazy-while-gas-prices-soak-americans

U.S. car sales at 'recessionary levels;' inflation, interest rates are concerns - MarketWatch

https://www.marketwatch.com/story/u-s-car-sales-at-recessionary-levels-as-inflation-rising-interest-rate-concerns-increase-rbc-says-11654191935

Exclusive: Elon Musk wants to cut 10% of Tesla jobs | Reuters

https://www.reuters.com/technology/exclusive-musk-says-tesla-needs-cut-staff-by-10-pauses-all-hiring-2022-06-03/

Lumber Prices Slump With Rising Interest Rates - WSJ

https://www.wsj.com/articles/lumber-prices-slump-with-rising-interest-rates-11653835230

Investors may be in for this rude surprise: History shows inflation can take years to return to normal even when Fed hikes above 10% - MarketWatch

https://www.marketwatch.com/story/investors-may-be-in-for-this-rude-surprise-history-shows-inflation-can-take-years-to-return-to-normal-even-when-fed-hikes-above-10-11654192355

Blankfein Urges ‘Dial Back’ on Negativity Over Economy - Bloomberg

https://www.bloomberg.com/news/articles/2022-06-03/blankfein-sees-riskier-times-but-economy-may-yet-land-softly?srnd=premium-canada

Toronto Home Prices Slide for Third Month on Higher Interest Rates - Bloomberg

https://www.bloomberg.com/news/articles/2022-06-03/toronto-home-prices-drop-for-third-straight-month-as-rates-jump?srnd=premium-canada

Fed’s Mester May Back Half-Point September Rate Hike If Prices Don’t Cool - Bloomberg

https://www.bloomberg.com/news/articles/2022-06-03/mester-may-back-half-point-september-hike-if-pri

TOPICS AND TIMESTAMPS:

The Next Phase 0:00

Falling and Failing 0:28

Why Fed Must Stop 4:16

Uprising 8:19

California is rationing water amid its worst drought in 1,200 years - CBS News

https://www.cbsnews.com/news/water-cutbacks-california-6-million-people-drought/

Restaurants Add New Fees to Your Check to Counter Inflation - WSJ

https://www.wsj.com/articles/waiter-theres-a-fee-in-my-soup-11654139870

Red-Hot Coal Prices Threaten More Increases in Power Bills - WSJ

https://www.wsj.com/articles/red-hot-coal-prices-threaten-more-increases-in-power-bills-11654167025

Food banks struggle with inflation costs as demand spikes : NPR

https://www.npr.org/2022/06/02/1101473558/demand-food-banks-inflation-supply-chain

A Third of Americans Making $250,000 Say Costs Eat Entire Salary - Bloomberg

https://www.bloomberg.com/news/articles/2022-06-01/a-third-of-americans-making-250-000-say-costs-eat-entire-salary?sref=ZMFHsM5Z

Bird Flu Brings Supply Gaps in Jennie-O Turkey This Summer - Bloomberg

https://www.bloomberg.com/news/articles/2022-06-02/bird-flu-brings-major-supply-gaps-in-jennie-o-turkey-this-summer

Fed is in danger of losing control of public expectations of future inflation, Bullard says - MarketWatch

https://www.marketwatch.com/story/fed-is-in-danger-of-losing-control-of-public-expectations-of-future-inflation-bullard-said-11654105543

Fed Vice Chair Lael Brainard says it's 'very hard to see the case' for the Fed pausing rate hikes

https://www.cnbc.com/2022/06/02/fed-vice-chair-lael-brainard-says-its-hard-to-see-the-case-for-the-fed-pausing-rate-hikes-.html

Goldman’s Waldron Warns of Unprecedented Economic Shocks, Echoing Jamie Dimon - Bloomberg

https://www.bloomberg.com/news/articles/2022-06-02/goldman-s-waldron-warns-of-unprecedented-shocks-in-echoing-dimon

EU Approves Partial Russian Oil Ban, Sanctions on Sberbank - Bloomberg

https://www.bloomberg.com/news/articles/2022-06-02/eu-approves-partial-russian-oil-ban-sanctions-on-sberbank?sref=jEerMkIZ

Crude Oil Prices Today | OilPrice.com

TOPICS AND TIMESTAMPS:

Big 0:00

Paycheck To Paycheck 0:19

Fed Panic 4:40

Looming Event 10:20

Jamie Dimon says 'brace yourself' for an economic hurricane caused by the Fed and Ukraine war

https://www.cnbc.com/2022/06/01/jamie-dimon-says-brace-yourself-for-an-economic-hurricane-caused-by-the-fed-and-ukraine-war.html

A Third of Americans Making $250,000 Say Costs Eat Entire Salary - Bloomberg

https://www.bloomberg.com/news/articles/2022-06-01/a-third-of-americans-making-250-000-say-costs-eat-entire-salary

Why Do Americans Think the Economy Is So Terrible? - The Atlantic

https://www.theatlantic.com/newsletters/archive/2022/06/american-economy-negative-perception-inflation/661149/

Their Solution to the Housing Crisis? Living With Strangers. – DNyuz

https://dnyuz.com/2022/06/01/their-solution-to-the-housing-crisis-living-with-strangers/

Missed Payments, Rising Interest Rates Put ‘Buy Now, Pay Later’ to the Test - WSJ

https://www.wsj.com/articles/missed-payments-rising-interest-rates-put-buy-now-pay-later-to-the-test-11654033930

Bill Dudley Plays Down Suggestion of September Interest Rate-Hike Pause for Fed - Bloomberg

https://www.bloomberg.com/news/articles/2022-06-01/dudley-plays-down-suggestion-of-september-fed-rate-hike-pause?srnd=fixed-income

What the Fed's QT Means for Short-Term Funding Markets, $2 Trillion Cash Pile - Bloomberg

TOPICS AND TIMESTAMPS:

Recession 0:00

Recession Already Here? 0:23

Understand the Fringe 3:25

Inflation Situation 4:05

Admitting Wrong 5:55

Investment Beats Inflation 10:31

Economic Pessimism Growing in U.S.

https://news.gallup.com/poll/393176/economic-pessimism-growing.aspx?utm_source=alert&utm_medium=email&utm_content=morelink&utm_campaign=syndication

Toyota misses April global production target due to COVID, parts shortage | Reuters

https://www.reuters.com/business/autos-transportation/toyota-misses-april-global-production-target-due-covid-parts-shortage-2022-05-30/

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Hamptons summer rental market: Beach house inventory is up, prices are down

https://www.cnbc.com/2022/05/30/hamptons-summer-rental-market-beach-house-inventory-is-up-prices-are-down.html

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Inflation: Treasury secretary Janet Yellen concedes she was wrong on 'path that inflation would take' - CNNPolitics

TOPICS AND TIMESTAMPS:

Nothing Yet 0:00

Oil and Gas 0:14

Economy Down 6:06

When Demand Destructs 10:07

Southland gas prices again rise to record highs

https://www.audacy.com/knxnews/news/local/southland-gas-prices-again-rise-to-record-highs

Gas tops $6 a gallon in California: "How much pain at the pump can consumers take?" - CBS News

https://www.cbsnews.com/news/gas-prices-record-6-per-gallon-california/

Asia Stocks Seen Steady Amid Inflation Worries: Markets Wrap - Bloomberg

https://www.bloomberg.com/news/articles/2022-05-30/asia-stocks-seen-steady-amid-inflation-worries-markets-wrap?srnd=premium

Naomi O'Leary on Twitter: "Some member states are already pushing for a seventh EU sanctions package. Discussions move tomorrow onto potential global food crisis, and defence." / Twitter

https://twitter.com/NaomiOhReally/status/1531395283472498688?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1531395283472498688%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fwww.zerohedge.com%2Fcommodities%2Fbrent-tops-122-after-eu-agrees-partial-ban-russian-oil

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https://cms.zerohedge.com/s3/files/inline-images/unnamed-1_29.jpg?itok=FqR32FqI

Crude Oil Prices Today | OilPrice.com

https://oilprice.com/

Brazil Fuel Prices: One Tank of Gas Costs 33% of Monthly Minimum Wage - Bloomberg

TOPICS AND TIMESTAMPS:

Big Swings 0:00

China Opening Up 0:20

Debt Skyrockets 3:47

Inflation Hedge 7:59

Need To Know 11:35

Stock markets usually react more aggressively and faster to inflation data.

Economy will lag behind and effects will persist.

Shanghai Unveils Economic Support Measures as Lockdowns Ease - Bloomberg

https://www.bloomberg.com/news/articles/2022-05-29/shanghai-unveils-fresh-policies-to-support-economy-hit-by-covid?srnd=premium-canada

Beijing Eases Curbs, Shopping Malls Reopen: Lockdown Tracker - Bloomberg

https://www.bloomberg.com/news/articles/2022-05-30/beijing-eases-curbs-shopping-malls-reopen-lockdown-tracker?srnd=premium-canada

More Russian Oil Than Ever Before Is Heading for China and India - Bloomberg

https://www.bloomberg.com/news/articles/2022-05-26/russia-has-record-oil-volumes-at-sea-as-cargoes-shift-to-asia

Millennial Farmers Can't Afford to Buy US Agricultural Land - Bloomberg

https://www.bloomberg.com/opinion/articles/2022-05-29/millennial-farmers-can-t-afford-to-buy-us-agricultural-land?srnd=premium-canada

Young Americans Shrug as Inflation Drives Up Summer Travel Costs - Bloomberg

https://www.bloomberg.com/news/articles/2022-05-26/young-americans-shrug-as-inflation-drives-up-summer-travel-costs?srnd=premium-canada

2 in 3 adults avoid social events - because they're embarrassed about their financial struggles - Study Finds