The end of the Goldilocks economy ...Middle East

In spite of this past week’s warning by Federal Reserve Chairman Jerome Powell about the pain we will experience as central bankers worldwide work to bring down inflation, there are die-hard optimists still talking about soft landings and the return of the “just right” Goldilocks economy. I, too, am a congenital optimist, but am saddened to report that Goldilocks doesn’t live here anymore. Those happy days when everything economic seemed “just right,” and inflation and GDP growth were neither too hot nor too cold, are over for a while. Unfortunately, just as the storyteller reminded us, the three bears came home and scared the hell out of Goldilocks. Right now, she is nowhere to be fou

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