Tuesday Evening Links

[CNBC] Asia-Pacific markets open 2% lower following Wall Street plunge on hot inflation report

[Reuters] Wall St posts biggest plunge in two years following inflation data 

[Yahoo/Bloomberg] Markets Have an Awful Day After Hotter-Than-Expected Inflation Data

[Reuters] U.S. August budget deficit widens from a year earlier

[Reuters] Stubbornly high rents, food prices boost U.S. inflation in August

[Reuters] White House makes contingency plans for U.S. rail shutdown

[CNN] The rot runs deep in the Russian war machine. Ukraine is exposing it for all to see

[Yahoo/Bloomberg] Bear-Market Risk Rises With Consumer Prices Outpacing GDP Growth

[Yahoo/Bloomberg] Flour Inflation in US Is Worst Ever as Bakers Squeezed by War

[WSJ] U.S. Inflation Remained High in August

[WSJ] As Gasoline Prices Drop, Electricity and Some Heating Costs Rise

[WSJ] U.S. Incomes Fail to Grow for Second Year in a Row, Census Figures Show

[FT] Rising inflation sparks fears of hard landing for US economy

Tuesday Afternoon Links

[CNBC] S&P 500 falls more than 4%, on track for worst day of 2022

[Yahoo/Bloomberg] Bitcoin Falls Most Since June Plunge; Ether Slumps Before Merge

[Yahoo/Bloomberg] US Power Prices Rise Most in 41 Years as Inflation Endures

[MSN/WP] Rail strike threatens water and energy supplies, prompting White House planning

[Yahoo Finance] Housing market to see 'significant amount of weakness ahead,' Goldman says

[MSN/WP] ‘The Russians are in trouble,’ U.S. official says of latest war analysis

[CNBC] Russia’s defeats in Ukraine have strategists worried about Moscow’s next move

[Bloomberg] Biggest Jump in US Rents Since 1991 Keeps Overall Inflation High

[Bloomberg] Commodity Markets Are Contending With a Growing Liquidity Crisis

[NYT] Challenges for Russia and China Test a ‘No-Limits’ Friendship