Stagflation (#492)

Simon Shares Combined Motor Holdings* (JSE code: CMH) results, Best ever. Renergen* (JSE code: REN) cold commissioning of phase 1 going well. New global healthcare ETF coming from Satrix. Currently in IPO and listing 26 May. EU unveils a proposal to ban Russian oil imports within 6 months, all refined oil products by the end of the year. OPEC+ Sees Production From Non-Opec Participants in OPEC+ at 18.2 mln Bpd in May, 600,000 Bpd Lower Than Last Forecast Lyft (Nasdaq code: LYFT) shares fall 26% on disappointing forecast (earnings 75% below expectations) as they say they'll pay drivers more. Intel says chip storage till 2024 at least. Stagflation "Stagflation is most commonly referred to as the simultaneous experience of three separate negative economic phenomena: rising inflation, rising unemployment, and the declining demand for goods and services." The best defence is generally commodities. * I hold ungeared positions.