For those who asked for a year-end macro update, this is what I see happening in the months ahead:
As higher interest rates trickle through the economy, there will be more layoffs and significant downward pressure on real estate prices and financial markets.
At some point, the U.S. Federal Reserve will have no choice but to begin lowering interest rates. Here's why:
In 2022, government expenses will total ~$3.7 trillion. Military spending will total ~$800 billion. Which adds up to a total of ~$4.5 trillion in expenses for 2022. Read more