I've maintained for a year that inflation would be persistent, that its causes include faulty policies and negative supply shocks
I predicted that the recession would be severe and prolonged, with widespread financial suffering and debt issues.
In a debt trap, central bankers may cave to above-target inflation notwithstanding their hawkish posturing.
Higher inflation and inflation expectations will hurt any portfolio of riskier stocks and less risky fixed-income bonds.
And the wider sanctions system, including dollar and currency weaponization
"Friend-shoring" and trade and immigration restrictions accelerate deglobalization.