Lots of speculation in July. Oil experts go out on a limb making price predictions. Political mayhem. Gopher conspiracy unmasked.
Economy
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
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
Politics
UK Prime Minister Boris Johnson resigns
Former Japanese Prime Minister Shinzo Abe Assassinated
Potpouri
The gophers have been farming this entire time
Nobody panic – Duck & Cover updated for 2022 – It’s probably fine.
