Thursday, January 27, 2022

A Perfect Storm Engulfs Biden Over Economy, Europe, and Asia

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Almost immediately following President Biden’s blundering news conference on Wednesday, a near-perfect storm has descended. Stock markets are selling off with their worst performance in many year.  Interest rates and oil prices are rising. High inflation is embedded in the economy, and the Federal Reserve is about to launch a monetary tightening cycle. Russia shows absolutely no signs of de-escalating in the Ukraine. If anything, it has gotten more aggressive by moving troops into Belarus and ships into the Black Sea, effectively surrounding Ukraine.

Meanwhile, Mr. Biden’s domestic agenda has collapsed, and the very essence of his presidency is hanging by a thread. He has never recovered from the catastrophic Afghanistan withdrawal.  Nor has he recovered from his launch of a radical left big-government socialist domestic policy...........To Read More......

 

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