by Michael Snyder
The Economic Collapse Blog
Memories of the very painful recession of 2020 are still quite fresh, and now we are being warned to brace ourselves for the possibility of yet another recession in 2022. Unfortunately, a lot of things are going wrong all at the same time. The Federal Reserve and other global central banks are likely to continue to raise interest rates in an attempt to bring inflation down, a major war has erupted on the other side of the globe, and we are simultaneously facing an epic global energy crisis and an epic global food crisis. The Biden administration had been promising us that better days were ahead, but instead it appears that a tremendous amount of economic trouble is on the horizon.
If you don’t want to take my word for it, perhaps you will believe Moody’s Analytics chief economist Mark Zandi…