Finimize - 🤨 This recession might be different


Hi Reader, here's what you need to know for August 22nd in 3:10 minutes.

🔊 Hear, hear! You told us you wanted the chance to win a pair of AirPods Max, so here it is: refer just three friends and you could enjoy your summer playlist that little bit extra this month. Find out more here, just make sure you visit the link from a mobile device.

Today's big stories

  1. Farmers need Deere, but Deere needs lower production costs
  2. There are five ways this recession differs from the others, which means you might want to take a different approach – Read Now
  3. UK retail sales were deceptively good in July

Deerely Departed, We Are Gathered Here Today…

Deerely Departed, We Are Gathered Here Today…

What’s Going On Here?

Deere & Co. – the world’s biggest agricultural equipment maker – gave a disappointing quarterly results update on Friday.

What Does This Mean?

Crop prices have been booming in the first half of the year, with corn and soybeans hitting 10-year highs and leaving farmers flush with cash. And what else would they spend it on but Deere’s machinery, which – along with higher prices – helped push up the company’s sales by a better-than-expected 22% last quarter from the same time in 2021.

That’s all well and good, but it still wasn’t enough to offset the higher prices of raw materials and parts, which drove up costs and dragged down profit. In fact, Deere cut its profit outlook for the rest of the year, warning that these issues aren’t going anywhere soon. The firm reaped what it sowed: investors sent its shares down 7%.

Why Should I Care?

The bigger picture: It’s a good day for America.
Deere is worth watching because it’s an economic bellwether, meaning its performance gives an insight into the wider US economy. So the fact that it said it was feeling upbeat about demand in its next financial year – largely thanks to the popularity of its early-order program – could be a sign that things aren’t as bad as they seem. Add in the recent demand for US oil and encouraging retail sales, and some economists think the country might be set to escape its “technical recession” – that is, two consecutive quarters or more of economic shrinkage – this quarter.

Zooming out: Ukraine keeps feeding the world.
One of the main reasons crop prices are so high is because the Russian invasion interrupted shipments out of Ukraine, one of the world’s so-called “breadbaskets”. But things are gradually getting back up and running: more than 500,000 tons of crops were shipped out of the country in the first half of the month, which is already helping push down global food prices.

Copy to share story:

🙋 Ask a question

Analyst Take

Why This Recession Is Different

Why This Recession Is Different
Photo of Reda Farran

Reda Farran, Analyst

The US is in a technical recession, even if the world’s biggest economy is holding out on making it official.

But if this one feels very different from the one in the wake of the global financial crisis, you’re not wrong.

Inflation, for one, is much, much higher now than it was back then, while unemployment is remarkably low.

So that’s today’s Insight: five ways this recession is different, and how that should influence your investments.

Read or listen to the Insight here

🤝 Work with us

If your business shares our goal of changing the world of finance for the better, there’s no better place to showcase your mojo than this spot in our daily newsletter.

You’ll get your message out to more than one million engaged investors, and speak directly to the very people who can help take your business to the next level.

Interested? Just drop us a line.

Work With Us

Don’t Be Fooled By UK Retail Sales

Don’t Be Fooled By UK Retail Sales

What’s Going On Here?

Data out on Friday showed that UK retail sales unexpectedly climbed last month.

What Does This Mean?

Amazon Prime Day has so much clout in the UK these days that there were 4.8% more online sales in July than there were in June, with shoppers grabbing nice-to-haves on the cheap while they had the chance. That uptick helped lift retail sales by 0.3% over the same period, even as economists had expected them to drop off.

But that obscures the rest of the story, with sales of clothing, household goods, and fuel all on the decline. Strip out online sales, in fact, and there were 3.4% fewer retail sales than the same time last year. More interestingly still, the value of those sales was up 7.8%, which goes to show that Brits are buying far less for far more… (tweet this)

Why Should I Care?

Zooming in: The UK is circling the drain.
It stands to reason that data out on Friday also showed UK consumer confidence fell to a record low in August, which could cause retail sales to slump more going forward. Brits’ outlook for the next year of their personal finances, meanwhile, is now even bleaker than it was during the financial crisis. This caps off a week of mounting evidence that the UK economy is hurtling toward a recession, even if it might suggest that the Bank of England’s anti-inflation efforts are starting to work.

For you personally: Your next steps.
There are a few things you can do to navigate this situation. If you can pay off more of your debt sooner, do: interest rates are bound to rise even more as the Bank of England keeps trying to get a handle on inflation. Likewise, if you’re due to remortgage, try to fast-track the process before lenders raise mortgage rates. And if you’re investing, diversify your portfolio so that any losses from one asset could be balanced out by gains in another.

Copy to share story:

🙋 Ask a question

💬 Quote of the day

“If you want others to be happy, practice compassion. If you want to be happy, practice compassion.”

– Dalai Lama (the highest spiritual leader and former head of state of Tibet)
Tweet this

🎯 On Our Radar

  1. Getting fired is one thing. Getting fired by a robot is another.
  2. Now that’s a welcome bonus. Up to €100 of free ether, anyone?*
  3. Love isn’t blind after all. This reality show doesn’t have the best track record.
  4. Hot girl summer is over. Horse girl season is here.
  5. Jason Momoa’s headed back into the ocean. He’ll stay above water this time.

*T&Cs apply

When you support our sponsors, you support us. Thanks for that.

🌍 Finimize Live

🎉 Coming Up In The Next Week…

All events in UK time.

🏈 Crypto And The Sports Community: 5pm, August 23rd
👑 How To Invest In Gold On The Blockchain: 5pm, August 25th

🥳 And After That…

😎 How To Spot The Next Ethereum Killer: 1pm, August 30th
🧬 How To Profit From The Genomics Revolution: 5pm, August 30th
🎉 How To Build Wealth In Your 20s: 5pm, September 1st
💰 Building Crypto Wealth In A Bear Market: 12pm, September 20th

❤️ Share with a friendYour Referrals: 0

Thanks for reading Reader. If you liked today's brief, we'd love for you to share it with a friend.

Share your unique link:

You stay classy, Reader 😉

We’d love to hear your thoughts. Give feedback

Want to advertise with us too? Get in touch

Image Credits:

Image credits: John Deere | Shawn Hempel - Shutterstock


Update your email or change preferences

View in browser

Unsubscribe from all Finimize Emails


Crafted by Finimize Ltd. | Bow Bells House, Bread Street, London, EC4M 9HH

All content provided by Finimize Ltd. is for informational and educational purposes only and is not meant to represent trade or investment recommendations. You signed up to this mailing list at or through one of our partners. © Finimize 2021

View Online

Key phrases

Older messages

🔎 Where to spot emerging market stocks

Thursday, August 18, 2022

Shoppers aren't giving up their little luxuries | Cisco's still popular | Finimize Hi Reader, here's what you need to know for August 19th in 3:11 minutes. 🏈 If you liked collecting player

😰 The UK might be in trouble

Wednesday, August 17, 2022

The world needs more video games | Inflation's even higher in the UK | Finimize Hi Reader, here's what you need to know for August 18th in 3:06 minutes. 🤯 You're probably bombarded with

🧐 Three investing quotes to remember

Tuesday, August 16, 2022

Walmart won new customers | The UK's job market slowed down | Finimize Hi Reader, here's what you need to know for August 17th in 2:54 minutes. ☃️ You've probably been hoarding ice creams

😳 Aramco makes everyone else look small

Monday, August 15, 2022

China's falling behind | Aramco made a big statement | Finimize Hi Reader, here's what you need to know for August 16th in 3:05 minutes. 📈 High interest rates and inflation are changing the way

💉 Big Pharma, big problems

Sunday, August 14, 2022

Big Pharma's going to court | There's hope for the UK yet | TOGETHER WITH Hi Reader, here's what you need to know for August 15th in 3:15 minutes. 💻 Not all tech stocks are created equal:

👟 Nike nixed hopes

Sunday, October 2, 2022

Nike's profit was down 22% | Eurozone inflation hit a record 10% | TOGETHER WITH Hi Reader, here's what you need to know for October 3rd in 3:12 minutes. 🕵️‍♀️ Join Nasdaq's Kevin Davitt


Sunday, October 2, 2022

UPCOMING ECONOMIC NEWS & EARNINGS ESTIMATES 03-21 OCTOBER ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

Longreads + Open Thread

Saturday, October 1, 2022

Coase; Xi; Mr. Beast; AI; Monzo; Trader Joe ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

Money's Best Places to Live 2022

Saturday, October 1, 2022

And the best place to live is... ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌

Meet the 5 mentors participating in Insider's first mentorship program for entrepreneurs

Saturday, October 1, 2022

Insider created a mentorship program, in partnership with Indeed, to help five entrepreneurs navigate the challenging labor market. View in browser Business Insider Business Insider Business Insider

‘Inept madness’

Saturday, October 1, 2022

Bloomberg Weekend Reading View in browser Bloomberg Follow Us Get the newsletter The UK is enveloped in a self-inflicted financial crisis. And while its origins go back years, some $500 billion has

Forced liquidation

Friday, September 30, 2022

Bloomberg Evening Briefing View in browser Bloomberg Spiraling losses on Wall Street are now snowballing into forced asset liquidation, according to Bank of America strategists. The NYSE Composite

Makers vs. Takers

Friday, September 30, 2022

Plus: Liability Driven Investment, Mortgage Originators, Credit Suisse ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

Amazon rolls out broad-based pay raises for warehouse workers across its fulfillment network

Friday, September 30, 2022

Amazon employees have been agitating for higher pay for years, putting the company under pressure to respond. View in browser Business Insider Business Insider Business Insider Subscribe Business

Wall Street: BlackRock walks the ESG tightrope

Friday, September 30, 2022

The latest in finance. View in browser INSIDER INSIDER Subscribe 10 THINGS ON WALL STREET Hi. Aaron Weinman here. BlackRock's bullish stance on all things environmental, social, and governance has