Global, US Economy - Struggle to Connect the Dots

 "Days after global finance chiefs described the widespread economic fallout inflicted by Russia’s war in Ukraine, business surveys may show an increasingly [global] synchronized slowdown." - Bloomberg, May 22, 2022

Stagflation could be the result. That's being driven by the intersection of inflation and supply chain problems. 

Today in Davos at the World Economic Forum global movers and shakers will focus on that possibility. Apparently, the WEF is still relevant.

Meanwhile in the US this week the government will do its April income and spending release. That contains its preferred inflation guage.

Other reports coming out include government statistics on April durable goods orders and new-home sales. There will also be the S&P Global preliminary May manufacturing and services indexes.

And we as a nation remain in high angst about our nest eggs. Sure, the old adage is that the stocks will come back. However, those of us who are aging might not live long enough to experience that return of good fortune.

Connect with Editor-in-Chief Jane Genova at janegenova374@gmail.com.

 

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