Violence Headed for Numerous European and Asian Countries

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In-Brief

1. America is likely to have good economic growth this year! And no stagflation. Inflation will slow gradually as the global supply chain untwists itself.
2. There will be widespread political violence in Europe and Asia over extreme energy inflation and authoritarian anti-Covid policies. Kazakhstan and France are facing violent protests now.
3. If Russia launches an invasion of the Ukraine, the US will respond very strongly, but not unilaterally with our own troops. The reactions will be political, financial, and economic, and will be devastating for Russia and its oligarchs. The previous weakness of President Biden in Afghanistan, and the newness of German Chancellor, Olaf Scholz, will force them to be resolute against Putin. The US and NATO have now officially rejected Putin’s demands that the Ukraine be prohibited from future membership in NATO.
4. The US economic recovery continues to be strong. Year over year growth looks likely to come in at about 6%. December’s unemployment rate fell sharply from 4.2% to 3.9%. Ironically, many Americans think we are in a recession. We are NOT in a recession. In fact, the US economy is booming.
5. But high inflation is badly hurting tens of millions of American families. Inflation is likely to slow gradually in 2022.