June – July 2022

U.S. Economic and Market Highlights


  • In 2022, the economy has essentially the opposite problem that it had following the 2008 financial crisis. In 2008, demand was too weak, there weren’t enough jobs to go around, and deflation was the major risk. In 2022, the economy is overheating, there is too much money chasing too few goods, and there are more jobs on offer than there are workers to fill them. This economic environment, along with war and geo-political tensions, has driven inflation to recent decade highs.
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