There’s No Way Out | Historic Food CUT OFF

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
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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