2022 continues to take the world down a strange journey, with surprises around every corner.
What we’ve seen is the increasing failure of those at the helm, aka the central planners, to steer the proverbial ship away from disaster.
Wages are said to be going up at a 5% annual rate. Prices are rising at a 9% rate. That leaves a 4% gap — the rate at which real incomes are falling.
A critical hotspot engaging strategic thinkers today is the potential for a Chinese invasion of Taiwan. Of course, China has the world’s largest population, the world’s second-largest economy, and the world’s fourth-largest nuclear arsenal.
Jobs. And houses. Houses and jobs. Those are the two pillars of US middle class living standards. Jobs provide income. Houses are assets that can be readily sold. But it looks to us like the housing pillar is beginning to crack.
Things are looking jittery once again ahead of the US Fed meeting today. In particular, things are turning dire in energy markets.
Aussie retailer Myer Holdings [ASX:MYR] rose more than 20% on Tuesday after FY22 net profit after tax jumped upwards of 85%.
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