When the Everything Bubble Burns To the Ground…

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
ca avg.PNG (1063×668)
https://cms.zerohedge.com/s3/files/inline-images/ca%20avg.PNG?itok=dLULiJsH
Energy-Stocks-Are-Still-At-Record-Cheapness-vs.-Information-Technology.png (899×519)
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