in ,

Global Food Prices SOAR to 7 Year High as Shortages Add Additional Strain on Supply Chain!

FOOD PRICES SKYROCKET!

source / The Money GPS

We are seeing higher prices in food and that has a major impact on those with fixed incomes, those who struggle to stay afloat, and of course those with mounting debt. The world is seeing massive multi layered problems and the central banks have offered their solution: More free money for banks. Wait, what?

$GPS

 

Crops Won’t Stop

Gauge of agricultural commodity prices is highest in eight years

No Title

No Description

The Grocery Food Price Bill Is Going to Get More Expensive – Bloomberg

https://www.bloomberg.com/news/articles/2021-04-24/the-grocery-food-price-bill-is-going-to-get-more-expensive

archive

 

S&P GSCI Agri Index

No Title

No Description

GRAINS-Corn around 8-year highs on tightening world supplies, wheat up | Reuters

GRAINS-Corn around 8-year highs on tightening world supplies, wheat up

Corn around 8-year highs supply worries support * Wheat hits seven-year high, soybeans at 2013 peak (Updates with continued strength in European trade, adds comment) SINGAPORE/HAMBURG, April 26 (Reuters) – Chicago corn futures jumped on Monday to their highest since June 2013 as concerns about tight global supplies buoyed the market.

Corn Futures

No Title

No Description

Soybean Futures

No Title

No Description

Wheat Futures

No Title

No Description

Albert Edwards on Twitter:

“I’m not sure if central banks will ever realise not only do their QE polices increase inequality and fan the embers of popularism, but after having done that, rocketing food prices ignite that discontent into raging infernos as occurred during the Arab Spring a decade ago.” / Twitter

Albert Edwards on Twitter: “I’m not sure if central banks will ever realise not only do their QE polices increase inequality and fan the embers of popularism, but after having done that, rocketing food prices ignite that discontent into raging infernos as occurred during the Arab Spring a decade ago. https://t.co/1tUbeAQKVL / Twitter”

I’m not sure if central banks will ever realise not only do their QE polices increase inequality and fan the embers of popularism, but after having done that, rocketing food prices ignite that discontent into raging infernos as occurred during the Arab Spring a decade ago. https://t.co/1tUbeAQKVL

Albert Edwards on Twitter:

“Revolution alert: After a pause to refresh, the copper price rising again. Most think this is a sign of the strength in the economic cycle. But the surge in agric prices, (just as in 2011 that triggered the Arab Spring revolutions) suggests this is more to do with QE – again!

https://t.co/Ga89zUqSQV” / Twitter

Albert Edwards on Twitter: “Revolution alert: After a pause to refresh, the copper price rising again. Most think this is a sign of the strength in the economic cycle. But the surge in agric prices, (just as in 2011 that triggered the Arab Spring revolutions) suggests this is more to do with QE – again! pic.twitter.com/Ga89zUqSQV / Twitter”

Revolution alert: After a pause to refresh, the copper price rising again. Most think this is a sign of the strength in the economic cycle. But the surge in agric prices, (just as in 2011 that triggered the Arab Spring revolutions) suggests this is more to do with QE – again!

Even as economy heats up, Fed to stick with near-zero rates

Even as economy heats up, Fed to stick with near-zero rates

WASHINGTON (AP) – Hiring is accelerating as Americans increasingly venture out to shop, eat at restaurants and travel, and inflation pressures are even picking up after lying dormant for years. Yet this week, the Federal Reserve is all but sure to reiterate its commitment to ultra-low interest rates.

Fed to Announce Bond Taper in Fourth Quarter, Economists Say – Bloomberg

https://www.bloomberg.com/news/articles/2021-04-26/fed-to-taper-bond-buying-in-fourth-quarter-economists-say

archive

 

Exhibit 10: Mentions of “inflation” on calls more than tripled so far, pointing to higher inflation

YoY change in S&P 500 companies’ mentions of “inflation” on earnings calls vs. CPI YoY (2003-present)

No Title

No Description

Exhibit 18: Regional Fed Manufacturing Surveys’ Prices Paid Indices Are Surging

Prices Paid Indices

No Title

No Description

S&P 500 rises slightly to all-time high ahead of big earnings, Nasdaq hits new record close

S&P 500 rises slightly to all-time high ahead of big earnings, Nasdaq hits new record close

The S&P 500 rose slightly to a new record high on Monday as investors geared up for one of the busiest weeks of the first-quarter earnings season. The broad equity benchmark inched 0.2% higher to a closing record of 4,187.62. The Nasdaq Composite climbed 0.9% to 14,138.78, hitting its first fresh record close since Feb.

U.S. Economic Confidence Positive for First Time in Pandemic

U.S. Economic Confidence Positive for First Time in Pandemic

Story Highlights Economic Confidence Index +2 in April First time in positive territory since early March 2020 Majority confident in Biden’s ability to handle the economy WASHINGTON, D.C. — Gallup’s Economic Confidence Index registered a score of +2 in April, the first time it has been net positive since early March 2020, just before then-President Donald Trump declared a national emergency amid rising coronavirus infections.

Chewy (CHWY) Fonder Ryan Cohen Rebuilds GameStop (GME) for Meme Era – Bloomberg

https://www.bloomberg.com/news/articles/2021-04-26/chewy-chwy-fonder-ryan-cohen-rebuilds-gamestop-gme-for-meme-era

archive

 

GME Stock Price and Chart — NYSE:GME — TradingView

GME Stock Price and Chart – NYSE:GME – TradingView

GameStop Corp. engages in the retail of multichannel video game, consumer electronics, and wireless services. It operates through the following segments: United States, Canada, Australia, and Europe. The United States segment includes the retail operations and electronic commerce websites www.gamestop.com and www.thinkgeek.com, Game Informer magazine, and Kongregate.

GME

avg equity raise price

No Title

No Description

US population rises to 331,449,281, Census Bureau says

US population rises to 331,449,281, Census Bureau says

WASHINGTON (AP) – The Census Bureau says the population of the United States is 331,449,281. The 7.4% increase over the last decade is the second slowest ever. The Census Bureau is releasing the first data from its 2020 headcount. The release marks the official beginning of the once-a-decade redistricting battles.

Low Future Returns Requires A “Real” Bear Market – RIA

Low Future Returns Requires A “Real” Bear Market – RIA

When there is a discussion of low future returns due to valuations, what gets missed is that such requires a bear market. Let me explain. In “Do You Feel Lucky, ” Michael Lebowitz compiled a series of valuation metrics and their correlation to future returns.

Jim Cramer slams market peak talk, says economy is at start of new cycle

Jim Cramer throws cold water on talks about market peak, says economy starting a new cycle

CNBC’s Jim Cramer on Monday advised that retail investors ignore talk of a potential market top with the economy in recovery mode. “For all the hand-wringing about how this is as good as it gets for the market, today’s action said there’s no peak to be seen,” the ” Mad Money” host said.

Meet Rishi Vamdatt, The 11-Year-Old Jersey City Whiz Kid Who Offers Free Financial Advice To Thousands Online – CBS New York

Meet Rishi Vamdatt, The 11-Year-Old Jersey City Whiz Kid Who Offers Free Financial Advice To Thousands Online

JERSEY CITY, N.J. (CBSNewYork) – People all over the world looking to learn about stocks, bonds and even how to improve their credit score are turning to a New Jersey sixth grader! April is Financial Literacy Month and CBS2’s Lisa Rozner met the finance whiz on Monday.

Federal Taxes, Spending and Deficit All Set Records in First Half of FY2021 | CNSNews

Federal Taxes, Spending and Deficit All Set Records in First Half of FY2021

(Photo by Chip Somodevilla/Getty Images) (CNSNews.com) – Federal taxes, spending and the federal deficit all set records in the first six months of fiscal 2021 (October through March), according to the Monthly Treasury Statement. Federal taxes climbed to a record $1,703,949,000,000 in the October-through-March period, while federal spending climbed to $3,410,194,000,000.

Kanye’s Yeezy sneakers snag world record $1.8 million in private sale – Sotheby’s

Kanye’s Yeezy sneakers snag world record $1.8 million in private sale – Sotheby’s

The Kanye West sneakers that sent athletic shoes strutting down fashion runways sold for $1.8 million, a new world record price for a pair of sneakers, Sotheby’s announced on Monday. The American rapper’s 2008 ‘Grammy Worn’ Nike Air Yeezy samples were prototypes for a line developed by West and Mark Smith for Nike.


Food prices continue to rise. Inflation is coming. More money moving into the stock market. Value stocks have seen more inflows and tech stocks and other growth stocks are also performing well. More money is being pumped in from all sides, creating a massive bull market that apparently will never end as we are on a permanently high plateau. Stimulus driving markets higher.


— APPENDICES —

— The Money GPS: Swaggystocks.com is an interesting look at retail trading. Cut through all the nonsense and simply look at the data (Instagram Feb 21, 2021)
— The Money GPS: Swaggystocks.com shows you exactly what’s going on with the retail traders. Ignore the garbage on the actual boards and just get the data (Instagram Feb 21, 2021)
— The Money GPS: Bitcoin $240,000? (Instagram Feb 17, 2021)
— The Money GPS: TOP 2 TRADES FOR 2021 (Instagram Feb 15, 2021)
— The Money GPS: Commodities for 2021 — Boom or bust? (Instagram Feb 14, 2021)
— The Money GPS: Leave your emotions at the door investing is strictly business (Instagram Feb 13, 2021)
— The Money GPS: Clubhouse. Get in the app because I’m planning on going live daily. (Instagram Feb 13, 2021)
— The Money GPS: Brandon Dawson. One guy to watch out for as an investor to see what he’s doing and compare. (Instagram Feb 12, 2021)
— The Money GPS: REAL Unemployment Rate 10% (Instagram Feb 11, 2021)
— The Money GPS: Zoom out and see what you’re doing objectively (Instagram Feb 7, 2021)
— The Money GPS: SPAC IPO trend getting out of hand (Instagram Feb 6, 2021)
— The Money GPS: Citadel made lots of money from the retail traders (Instagram Feb 5, 2021)
— The Money GPS: Oil, commodities rising. Price will impact consumers. (Instagram Feb 5, 2021)
— The Money GPS: GME and AMC attracted many buyers. Illiquid stocks/micro cap stocks are now trendy. Be careful. (Instagram Feb 4, 2021)
— The Money GPS: Silver rockets higher (Instagram Feb 2, 2021)
— The Money GPS: Silver squeeze next? (Instagram Jan 31, 2021)
— The Money GPS: ETF loses 80% of assets! (Instagram Jan 31, 2021)
— The Money GPS: The Fed will not pop the bubble (Instagram Jan 30, 2021)
— The Money GPS: Wall Street Bets on Reddit is adding millions of people. Retail traders needed to keep the prices going higher. (Instagram Jan 30, 2021)
— The Money GPS: Jim Cramer says don’t go for grand slam. What do you think? (Instagram Jan 29, 2021)
— The Money GPS: Robinhood caps hot stocks like #gme to 1 share! (Instagram Jan 29, 2021)archive
— The Money GPS: STOCK MARKET TUMBLES as GME soars (Instagram Jan 29, 2021)
— The Money GPS: Find a company you thought was no longer in business, buy some shares, get rich quick. Is that what’s seriously happening right now?! (Instagram Jan 29, 2021)
— The Money GPS: Hedge your bets like @mcuban ? (Instagram Jan 28, 2021)
— The Money GPS: Fed won’t pull the plug right? (Instagram Jan 25, 2021)
— The Money GPS: Delaying the inevitable pain. (Instagram Jan 25, 2021)
— The Money GPS: Money flooding into stocks (Instagram Jan 24, 2021)
— The Money GPS: 2 ears, 1 mouth — use in that ratio. (Instagram Jan 23, 2021)
— The Money GPS: Buy the biggest shorts? (Instagram Jan 23, 2021)
— The Money GPS: Investing legend says bad things are coming because paper printing does not create an economy. (Instagram Jan 22, 2021)
— The Money GPS: The purpose of big tech is to absorb your data. Not to provide a service and later take advantage of you. Look up In Q Tel. (Instagram Jan 21, 2021)
— The Money GPS: Moving south? (Instagram Jan 21, 2021)
— The Money GPS: Bitcoin going higher? (Instagram Jan 20, 2021)
— The Money GPS: Janet Yellen will you go “big”? (Instagram Jan 19, 2021)
— The Money GPS: Time to move? (Instagram Jan 19, 2021)
— The Money GPS: Never stop (Instagram Jan 18, 2021)
— The Money GPS: Invest in yourself first (Instagram Jan 18, 2021)
— The Money GPS: BITCOIN HITS $40,000 (Instagram Jan 7, 2021)
— The Money GPS: To get where you want to be, you have to know where you are now. (Instagram Jan 4, 2021)
— The Money GPS: Aim Higher (Instagram Dec 17, 2020)
— The Money GPS: Never lose money (Instagram Dec 16, 2020)
— The Money GPS: Master one thing before moving on. Know where you are in the cycle. (Instagram Dec 15, 2020)
— The Money GPS: Be a better investor | How to be a better investor. Window shop! (Instagram Dec 12, 2020)

— FOOTNOTES —

The Money GPS on Twitter: “Wake up to the suits and ties. They’re all lying to you. None are your friends. None wish to help you. Wolves in sheep clothing. More distractions than ever before. The magician always makes a spectacle to hide the trick. / Twitter”

Wake up to the suits and ties. They’re all lying to you. None are your friends. None wish to help you. Wolves in sheep clothing. More distractions than ever before. The magician always makes a spectacle to hide the trick.

The Money GPS on Twitter: “CHINA SAYS BITCOIN AN “INVESTMENT ALTERNATIVE”. Consider the possibility of a country or central bank dumping 1% of their U.S. Treasuries to buy Bitcoin. If others followed? Not suggesting will happen. I’m just discussing the implications, if any. #bitcoin #crypto #china #CBDC pic.twitter.com/JVCnwV2vI2 / Twitter”

CHINA SAYS BITCOIN AN “INVESTMENT ALTERNATIVE”. Consider the possibility of a country or central bank dumping 1% of their U.S. Treasuries to buy Bitcoin. If others followed? Not suggesting will happen. I’m just discussing the implications, if any. #bitcoin #crypto #china #CBDC pic.twitter.com/JVCnwV2vI2

The Money GPS on Twitter: “”HIGH RISK” #HOUSING MARKET. So what will be done? Nothing. #Mortgage rates near record lows. “Blind” bidding. Artificially low listing prices purposely used to generate euphoria and overbidding to increase sales commission. This is the biggest #bubble and it’s not just #Toronto pic.twitter.com/vQvu8gGByK / Twitter”

“HIGH RISK” #HOUSING MARKET. So what will be done? Nothing. #Mortgage rates near record lows. “Blind” bidding. Artificially low listing prices purposely used to generate euphoria and overbidding to increase sales commission. This is the biggest #bubble and it’s not just #Toronto pic.twitter.com/vQvu8gGByK

The Money GPS on Twitter: “”Fed Sounds Alarm on Commercial Real Estate, Business Bankruptcy” Nothing to see here folks. Market is doing well. Stimulus is all that matters. The Fed loves us all. Ignore all negative news and hate anyone who highlights that which is clearly a major issue #realestate #bubble pic.twitter.com/IRDsy53G5A / Twitter”

“Fed Sounds Alarm on Commercial Real Estate, Business Bankruptcy” Nothing to see here folks. Market is doing well. Stimulus is all that matters. The Fed loves us all. Ignore all negative news and hate anyone who highlights that which is clearly a major issue #realestate #bubble pic.twitter.com/IRDsy53G5A

The Money GPS on Twitter: “IF THEY WILL FIGHT OVER PLAYSTATION…What would they do for food? #ps5 #PlayStation5 #playstation #ps5fight #walmart pic.twitter.com/hbimVKzeta / Twitter”

IF THEY WILL FIGHT OVER PLAYSTATION…What would they do for food? #ps5 #PlayStation5 #playstation #ps5fight #walmart pic.twitter.com/hbimVKzeta


PLAYLISTS

The Amazon GPS – Mini YouTube eCourse

The Money GPS – How To and Solutions

The Money GPS Easy eCourse

How To Fix the Economy

How To Fix the Economy – Introduction
How To Fix the Economy – Bailouts
How To Fix the Economy – Food
How To Fix the Economy – Central Bank
How To Fix the Economy – Manufacturing
How To Fix the Economy – Financial Markets
How To Fix the Economy – Media
How To Fix the Economy – Overseas Investment


The Money GPS on Twitter: “Going live on #clubhouse at 11am PST / 2pm EST. Make sure to follow me on there and turn the notification bell on so it will pop up when I start the room. I gave away all the invites I had and will give more away as soon as I get them. pic.twitter.com/kF9UV6euK0 / Twitter”

Going live on #clubhouse at 11am PST / 2pm EST. Make sure to follow me on there and turn the notification bell on so it will pop up when I start the room. I gave away all the invites I had and will give more away as soon as I get them.

— The Money GPS: Clubhouse. Get in the app because I’m planning on going live daily. (Instagram Feb 13, 2021)

 


The Money GPS on Twitter: “The Money GPS Financial Education 101 coming soon.100% free eCourse for you to learn from but for those who already know the content, this is perfect to share with others. I’m creating this course for people specifically to get the foundation #money #moneyGPS #financialeducation pic.twitter.com/nzqVVSSorT / Twitter”

The Money GPS Financial Education 101 coming soon.100% free eCourse for you to learn from but for those who already know the content, this is perfect to share with others. I’m creating this course for people specifically to get the foundation #money #moneyGPS #financialeducation pic.twitter.com/nzqVVSSorT


HOW TO MAKE MONEY ON AMAZON – FREE eCOURSE:  http://TheAmazonGPS.com


LOOK THROUGH MY BOOKS! http://books.themoneygps.com

SUPPORT MY WORK: https://www.patreon.com/themoneygps

PAYPAL: https://goo.gl/L6VQg9

OTHER: http://themoneygps.com/donate


AUDIOBOOK: http://themoneygps.com/store

T-SHIRTS: http://merch.themoneygps.com

MY FAVORITE BOOKS: http://themoneygps.com/books


Sources Used in This Video: http://bit.ly/TheMoneyGPSSources2021


The Money GPS is the most active, most informative channel in the financial world. Day after day, breaking down the data and making it easy to understand. This channel is not here to help build a portfolio, give stock picks, or financial advice. It’s simply data that is generally not found through conventional means.

#money #finance #inflation

 

Twitter          Instagram          Facebook


# T h e  M o n e y  G P S

Help us grow. Support The Duran on Patreon!

Report

The statements, views and opinions expressed in this column are solely those of the author and do not necessarily represent those of The Duran.

What do you think?

Avatar
Subscribe
Notify of
guest
4 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments

This is NOT what Dr Martin Luther King had in mind [Video]

Russia Ditches U.S. Dollar, Uses Euro Instead! Slowly Losing Reserve Currency Status