The Money GPS

This is *NOT* Normal. Nightmare Scenario Unfolding


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TOPICS AND TIMESTAMPS:

Around and Around 0:00

Sea of Red 0:10

Lost Decade for Stocks 7:20

S&P 500 Map

https://finviz.com/map.ashx?t=sec

Dow drops 1,100 points for its biggest decline since 2020 as the sell-off this year on Wall Street intensifies

https://www.cnbc.com/2022/05/17/stock-market-news-open-to-close.html

Gas stations in Washington reprogram pumps to prepare for $10-a-gallon fuel | Daily Mail Online

https://www.dailymail.co.uk/news/article-10830591/Gas-stations-Washington-reprogram-pumps-prepare-10-gallon-fuel.html

High diesel prices are making inflation worse and raising the risk of a recession

https://www.freightwaves.com/news/diesel-costs-deliver-body-blow-to-trucking-industry

Chicken wings for $34? Pent-up inflation driving food costs higher – Orange County Register

https://www.ocregister.com/2022/05/18/chicken-wings-for-34-pent-up-inflation-driving-food-costs-higher/

(1) Danielle DiMartino Booth on Twitter: "“In reality, it was all the free money, eviction moratoriums, increased participants on SNAP & a stock market boom, now fading” 25% increase in food stamps was executive ordered into existence starting 10/1/21 & credit card spending growing at record rate https://t.co/KlCyFGdFI1" / Twitter

https://twitter.com/DiMartinoBooth/status/1526607333739991040?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1526607333739991040%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fwww.zerohedge.com%2Fpersonal-finance%2Fhow-much-has-inflation-and-free-money-goosed-consumer-spending

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The Money GPSBy David Quintieri

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