Economics & Investing: JWR’s Predictions for 2023
Today, in a special edition of this column are JWR‘s economic, finance, and market predictions for 2023 and beyond. — Bottom line up front (BLUF), I believe that 2023 will be seen as a year of recession, layoffs, and stagflation. Consumer inflation will be rampant, but some assets will deflate, as the economy contracts. In the longer term, the recession starting in 2023 may develop into a general economic depression. Perhaps the era will someday be characterized as “The Depression of the late 2020s and early 2030s.” Now, for the details: Precious Metals: With inflation continuing at a rapid clip, …