Ep. 108 - Serious 2023 Issues Move with Us into 2024!
Jan 19, 2024•20 min
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Episode description
Many revision to 2023 government reported indices understated the country’s economic health (employment seriously overstated and inflation understated). The commercial real estate market continues to collapse with the equivalent of 30 Empire State Building now vacant in NYC. The wars and threats of wars are driving up future inflation via escalating shipping fuel, crew costs, and sky high shipping insurance costs. China’s recessionary environment keep crude oil prices stable globally but that’s not good news for future economic growth anywhere.
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