So, as predicted... people have forgotten covid.
And it almost feels like people are forgetting the Ukraine crisis; sure - Putin is now a villain.
To Recap:
- Covid's 5th wave and 18th variant are upon us!
- Russia attacks Ukraine! - oil will go to $200
- Fossil fuels are not relevant in tomorrow's world...
- Gas shortage in Europe! (and already Germany has enough stockpiles to ride out the winter...?)
- Interest rates will stay low
And today's headlines are:
- ZIRP is over - what happens next?
- China and Russia are teaming up / what is China upto with Taiwan?
- India is an unstoppable growth engine for the world
The more things change, the more they remain the same.
And yet, I wonder what the effects of higher rates will be...
- Will fracking's easy money stop?
- Will the rush to ETFs and private credit reverse, because investors will get an adequate return in safer bonds?
- Will there be a US housing bust - The rates are going back to where they were in the 2004-2007 period where there was, incidentally, a housing boom...
- And is the fed rate and the dollar's strength an attack on the Chinese and Russian economies in disguise?
What is up with the world?
I believe my 2 year old has the answer:
Something.
