Ping
No surprises here.
2023 will be a knockout punch for a lot of folks asleep at the wheel.
I’m looking up! And very hopeful!
(From the article):" .. As interest rates rose, the stock market tanked.
In 2023, interest rates will likely increase further, possibly sparking a worldwide recession. Neither is good news for investors.
"China appears to have ended its zero-COVID policy for economic reasons.
Now COVID is out of control in the Middle Kingdom, which will lead to other complications, such as pneumonia.
Since the Chinese communists do not like to be embarrassed, if China is suffering, they may want everyone else to suffer, too.
That seems to coincide with reports that roughly half of the airline passengers from China have tested positive for COVID.
They caused a pandemic once. Why not twice? "
"Supply chains are a second issue. Who will make the products we normally buy if Chinese workers are sick?
Yes, I know this sounds like a "who cares" thing.
But if they are not shipping parts, our factories will grind to a halt."
(My Comment) : Chinese exports to the U.S. are already reduced and are below 40% from previous years imports.
The three largest Chinese seaports have reduced shipping due to manpower shortages arising from current covid infections (material handlers, laborers, loaders, truckers, etc.)
Expect continued supply chain shipping issues involving manufacturing, medicinal supplies, etc., etc..
China is opening for business, and has already impacted on the rising price of fuel supplies, even though it is based on foreign speculation.