Episode 91 - Musk and Twitter, The Subway Shooter, and Ukrainians Sink the Moskva (Tom Kemler)

Welcome to another Weekly Market Update with Tom Kemler. In this episode Tom and Jeff discuss

1. The Ever Forward is still Never Forward, dredging continues and they are still taking off containers.
2. South African flood causes shipping containers to tumble.
3. China Blocks Highways to Curb Covid 19, 30 Million Truckers Stranded.
4. China Imports Drop, Export Growth Slows on Covid Lockdowns.
5. Shanghai Rebellion attacks police officers as people hunt for food.
6. Egypt has to purchase an additional 350,000 Tons of European Wheat.
7. Consumer Price Index came in on budget, but PPI was far ahead at 11% year over year.
8. Retail Sales numbers on a real basis actually declined.
9. Import and Export Prices continue to blow out the ranges.
10. Consumer Sentiment was off the charts, Business Inventories came in strong and Empire State Manufacturing Index blew out the range.
11. EPA allows more Ethanol-Based Fuels which is less efficient and produce more smog.
12. Europe is willing to buy LNG at virtually any price.
13. Lithium prices are up 900% as the US is trying to move to less energy independence.
14. The Fear and Greed Index has stayed the same.
15. Most Interesting Thing: The New York Subway Shooter is caught
16. Most Interesting Thing #2: Elon Musk put in a bid to take Twitter private.
17. Most Interesting Thing #3: Ukraine sinks the Black Sea Fleet’s Flagship, the Moskva.

Tom Kemler is the Chief Business Appraiser at BKA Business Consulting and BKA Wealth Consulting. Tom is a Chartered Financial Advisor (CFA), and a Certified Business Appraiser (CVA). Tom has over 30 years of experience valuing companies and studying economics.

Jeff Kikel is the host of the Money Trekker Podcast and has hosted several other Podcasts and YouTube Shows. Jeff is an entrepreneur and owns several companies in the Finance, Coworking, Media, and Publishing industries. Jeff is also the author of 6 books in the Finance, Retirement Plan, and Entrepreneurial areas.

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