TOPICS AND TIMESTAMPS:

Economy 0:00

Consumers 0:42

Inflation 3:20

China Slowing 6:00

India Bans Wheat 8:27

(1) Alf on Twitter: "For 40+ years, sharp drops in the University of Michigan consumer sentiment index have preceded either recession or sharp slowdowns in economic activity. And this time will not be different: respect the cycle on the way up and on the way down. https://t.co/gpFf8j49G6" / Twitter

https://twitter.com/MacroAlf/status/1525897599584198657

ft_2022.05.12_nationalproblems_01.png (640×966)

https://www.pewresearch.org/wp-content/uploads/2022/05/ft_2022.05.12_nationalproblems_01.png?w=640

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https://cms.zerohedge.com/s3/files/inline-images/unnamed_412.png?itok=fovM4eTL

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https://cms.zerohedge.com/s3/files/inline-images/unnamed%20%281%29_349.png?itok=2yebyxhE

Oil giant Aramco reports record first quarter as oil prices soar

https://www.cnbc.com/2022/05/15/aramco-worlds-largest-company-reports-record-first-quarter-as-oil-prices-soar.html

Record-high gas prices are eating into Americans' spending, JPMorgan says - CNN

https://www.cnn.com/2022/05/13/economy/gas-prices-consumer-spending-jp-morgan/index.html

ERCOT again asks Texans to conserve power after generators fail

https://www.houstonchronicle.com/business/energy/article/ERCOT-again-asks-Texans-to-conserve-power-after-17172054.php#:~:text=May%2013%2C%202022%20Updated%3A%20May,14%2C%202022%2010%3A13%20a.m.&text=Texans%20are%20again%20being%20asked%20to%20scale%20back%20their%20electricity,Electric%20Reliability%20Council%20of%20Texas.

NATO assures Ukraine open-ended military support against Russia

https://news.yahoo.com/fierce-fighting-ukraines-east-eurovision-040818401.html

Goldman’s Blankfein Says US Should Prepare for Recession - Bloomberg

https://www.bloomberg.com/news/articles/2022-05-15/goldman-s-blankfein-says-companies-should-prepare-for-recession?srnd=premium-canada

China Economy Contracts Sharply as Covid Zero Curbs Output - Bloomberg

https://www.bloomberg.com/news/articles/2022-05-16/china-s-economy-contracts-sharply-as-covid-zero-curbs-output?srnd=premium-canada