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T.H.E.M.
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Let’s Hope That The Irrational Optimists Will Be 100 Percent Correct About 2023
by Michael
I hope that I am wrong about our immediate economic future, and I hope that all of the other respected voices that are warning of economic doom in 2023 are wrong too. It would be wonderful if things turn in a positive direction at some point during the next 12 months and 2023 turns out to be a year of peace and prosperity for the entire world.
Of course virtually nobody is expecting the year to start well. As I discussed yesterday, there is a growing consensus among the “experts” that the months ahead will be quite rough.
But even though it has become exceedingly obvious that short-term economic conditions will not be good, some optimists are still trying to put a positive spin on things. For example, Moody’s Analytics chief economist Mark Zandi is trying to convince us that we will only have to endure a “slowcession” before things finally turn around… (Read More…)
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