Chaos Point!
A guide to the zaniness of the economies and the wild “junkie like” gyrations of the markets
Markets gyrate wildly! Economies swing between recessionary fears and euphoric growth projections! With so much confusion and chaos roiling the Global Economy, one would be forgiven for thinking it is now behaving like a “junkie”! Moreover, there is a sense of unreality about our economies where one moment it is like we are staring at the abyss, and the next seems like we are blazing away. This is why I call this a “Zig-Zag” Economy where the “recovery” from the pandemic is so befuddling amidst contradictory economic data, making prediction a game of Russian Roulette and a “forecaster’s nightmare” as even the best analysts and their fancied financial models fall flat in making sense of what’s happening, leave alone, what’s next. No wonder The Atlantic Magazine rightly called this “The Everything is Weird Economy”!
Sample this, gas prices are falling, yet inflation is high. Or, wages are growing, yet GDP (Gross Domestic Product) is declining. Employment is at an all-time high, and still, stagnation conditions persist.
Moreover, everybody is on vacation, yet consumer confidence and the sense of well-being are at record lows, where all of us feel fine yet miserable about the future and the state of the economy. So, how…
