* See UPDATE below...
A variety of economic reports were released last Friday.
They're confirming rising prices of consumer goods and services, lower wages, falling consumer spending, falling consumer sentiment, and higher consumer inflation expectations, as shown on the following graphs (source: ForexFactory.com)...bad news for consumers and at variance with Wall Street's expectations for higher equity prices and higher company earnings for 2022.
I'll repeat what I said in:
- an UPDATE to my 2021 Market Wrap-Up and 2022 Forecast, as follows...
- and, in several UPDATES to my recent article on the Federal Reserve, as follows,
* UPDATE February 3...
Stagflation and the threat of war are on the horizon...not a good combination for world markets...
