In case you have not seen, the wheels are falling off the worldwide financial system proper now.
We have all began to really feel the pinch of provide chain disruptions and rising power prices and financial uncertainty and inflation—to not point out stagflation and shrinkflation and deflation—however this previous week has actually hammered dwelling the extent of the disaster we face. It appears each single day brings with it the information of some contemporary five-alarm monetary fireplace.
The Dow is sinking. The loonie is falling. Japan is cracking. International shares are plunging. Eurozone inflation is spiking. The Fed is climbing. Builders are slashing. Crypto is crashing. Treasuries are tanking.
And that is simply this week! As I am certain you’ve got seen, there have been many, many such tales circulating within the monetary press in latest months, all touting equally bleak numbers.
Nevertheless it’s necessary to take into account that these numbers are simply that: numbers. The actual query is what these numbers really imply.
Immediately, let’s reply that query by drilling down on the narrative behind the numbers and uncover what that story tells us concerning the bars of the monetary jail which might be locking into place round us.
Would you wish to know extra concerning the managed demolition of the financial system? Discover out on this week’s version of The Corbett Report Subscriber. Then, stick round for a Subscriber Unique video on the significance of present notes.
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