Episode 89 - Kim Jung Un a Fake, Economics Update and a Shanghai Lockdown (Tom Kemler)

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

1. An “Most Interesting Thing” update in the Kim Jung Un video was a fake.
2. Evergreen Everforward is still stuck in Chesapeake Bay. Now shippers are paying more for their cargo as a result.
3. Ukraine is fighting back and pushing the Russians back in the North.
4. Ukraine torments Putin with Oscars-Style of Russia’s biggest embarrassments.
5. Biden to draw down Oil Reserves to try and Ease Gas Prices. Too little too late?
6. Economics update: Dallas Fed Manufacturing Survey was Meh…Wholesale Inventories build significantly while Retain inventories significantly dropped…Home Price Index was continuing upward trend…JOLTS number is still at 11.26mm…Corporate profits still remain strong…Chicago PMI came in pretty strong…Farm prices up a gigantic amount…Employment Number was basically a wash.
7. Shanghai was locked down again.
8. West Cost Labor Talks Start this Month.
9. Free and Greed Index is at a Neutral.
10. Most Interesting Thing: Russia Ukraine was has turned Egypt’s Food Crisi into an Existential Threat to the Economy.

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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