There is no recession with a war-time economy and the bond market reflects this. It is not yet ‘kinetic’, but we ARE at war with both the ChiComs and the Russians.
We should NOT be at war with Russia. If the Dhimmicrats had not stolen the last election, PDJT would be in charge. Putin would never have attacked Ukraine and we (the West) would not be in the quagmire that is the Ukraine War.
Thanks Dhimmicrat chicken hawks! FJB! FJT, eh!
The war is definitely having an effect, and complicating everything. Wars usually push economic activity, yes. There are many forces pushing in various directions at present, they may just bring about a choppy period of low-to-no growth for a year or more. It has happened before.
I was really hoping to go right into recession quickly and get out quickly. That’s doesn’t look likely at all now. We could be in for a boring year or two, economically speaking. There will be plenty of excitement on other fronts.