As a products debt crisis strikes an overleveraged global economy, stocks will collapse 40%.

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.

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The worst caffeinated grocery store drinks to avoid

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