What Was the Media Worried About – July 2022

No ideaLive look at market forecasters

Lots of speculation in July.  Oil experts go out on a limb making price predictions.  Political mayhem.  Gopher conspiracy unmasked.


June inflation comes in at 9.1% vs 8.8% expected. Yikes.

Nord Stream 1 shut for regular maintenance. Will it come back online?
Yep.  Back online.

Euro/Dollar parity

oil prediction

Actual oil headlines from July









Yield curve inverted (2s/10s)

ECB raises rates by 50 bps (raising rates to 0.00%), creates “Transmission Protection Instrument”. Some are calling TPI “To Protect Italy”.

McDonald’s raises price of cheeseburger in UK for first time in 14 years


UK Prime Minister Boris Johnson resigns

Former Japanese Prime Minister Shinzo Abe Assassinated


The gophers have been farming this entire time

Nobody panic – Duck & Cover updated for 2022 – It’s probably fine.

Heat waves in US and Europe

Hershey’s won’t be able to meet demand for Halloween candy