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The travails of the US economy roll on into 2023

From eastasiaforum.org

In December 2021, most Americans were looking forward to a quiet and prosperous 2022. COVID-19 cases were down, the stock market was up and jobs were abundant. What could go wrong? Many things did. Geopolitical trauma came first. After a chaotic US military withdrawal from Afghanistan in August 2021, it seemed that US involvement in foreign wars was drawing to an end. Yet on 24 February 2022, Russia’s President Vladimir Putin invaded Ukraine. The ground battle then morphed into a proxy war between NATO and Russia. US President Joe Biden was quick to declare that US boots would not join Ukrainian soldiers, but he was ... (full story)

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  • Category: Fundamental Analysis