UNSOLICITED ADVICE
2020 and 2021 have been very profitable for investors. 2022 will not be.
Some form of the Biden bill will pass sending the economy into a death spiral.
Inflation will continue wiping out any wage increases. Consumer spending will fall because after paying necessary expenses there will be less discretionary income.
The price of crude oil will go above $100 a barrel.
Corporate profits will fall. Some companies will fail. Jobs will be lost.
The Federal Reserve will raise interest rates and decrease the money supply to counter out of control inflation.
Russia will use natural gas supplies as a weapon against Europe.
China and Korea will become more aggressive.
Covid cases will surge in the undeveloped nations and among the unvaccinated.
The second quarter of 2022 will be the start of a worldwide recession.
I posted this on November 21, 2021 (post #99). We are less than two months into 2022.
2020 and 2021 have been very profitable for investors. 2022 will not be.
Markets down 12-15% Check
Inflation will continue wiping out wage increases. Check
Discretionary consumer spending will fall. Check
The price of crude oil will exceed $100.00 a barrel. Check
The Federal Reserve will raise interest rates.
Fed announced at least three rate increases. Check
Russia will use natural gas supplies as a weapon against Europe. Check
China and Korea will become more aggressive.
More than a dozen North Korean missile tests so far this year. Check
Ten months to go. More updates to follow. Yes, it has to be so, cause RB says so.