by Tim Staermose
Sovereign Man
Sometimes I am dumbfounded at the total disconnect between major stock markets, and reality.
The world is in its most precarious state in decades. Nuclear war is actually being discussed as a real possibility.
Inflation is at a 40+ year high. Energy costs are soaring. Supply chain dysfunction and anti-capitalistic policies continue to wreck havoc on economic growth.
This means that stagflation draws nearer by the day.
Interest rates are rising and bond yields surging. Employees are in short supply, and millions of open positions remain unfilled. Business conditions are a total mess.