Michael Snyder, Zero Hedge/The Most Important News: The Year When Everything Started To Fall Apart
It amazes me that so many people still cannot understand what is happening. 2022 was supposedly going to be a year when America entered a new golden age of prosperity, but that didn’t happen.
Instead, it was a complete and utter disaster. Stock prices fell by the most that we have seen since 2008, the cryptocurrency industry came apart at the seams, inflation soared to absurd heights, and home sales just kept declining all throughout the year.
Without a doubt, 2022 represented a major turning point. Americans have already collectively lost trillions of dollars, and many experts are telling us that 2023 will be even worse.
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WNU Editor: 2022 was not a good year for investors, consumers, and business. As for 2023. I do not think everything is going to fall apart. But I do see tough times ahead because of these factors. An energy squeeze. A commodities squeeze. Less food production because of rising energy and fertilizer costs. And the big one being a liquidity/credit squeeze because of Central Banks trying to temper down inflation.
2 comments:
Should be a decent little jobs boom when BMW, Krupp, Siemens, BASF, Uniper, Volkswagen, etc. all begin their relocation to the US. Though Poland might try to get their reparations from Detroit in the future.
Shhh, don't tell Biden!
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