Nikita Krushchev once said, "Economics is a subject that does not greatly respect one's wishes."
This week has certainly proven that much. No amount of rate hikes or market support from any global institution has proven a match for persistent inflation, sky-high energy costs, continuing conflict in Ukraine, or political games of chicken. No matter how much we wish there was a way to avoid a hard economic landing, the chorus of experts warning of a pronounced global recession grows louder every day.
When the data points seem disparate, the headlines confusing, and the economic environment perilous, your best bet is to improve your understanding of the situation before acting. Let's get started, shall we?
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