All of this impacts your business and you. Navigate best you can.
Governments worldwide, gave you a load of “free” money after printing trillions of the stuff!
This meant that billions of people went out and spent it on fixing up homes, cars and other materialistic things.
More demand came of products and that means an increase in prices at a time when supply chains were being unnecessarily strangled.
The threat of wars makes countries go for self sufficient and we have already seen various countries telling the world they will not export oil or wheat, to save it for themselves. A natural protection (self survival) mechanism or maybe holding back for prices to explode and then exploit the profit!
Geopolitical issues all over the place. Seizing power over people, processes and controlling as much as they can by changing policies to suit the political party or even just the individual. They no longer go for cheapest place to buy or manufacture but seem to fulfil political and ideology ambitions only.
Inflation is out of control with no real mechanism to bring it back down. Hands are tied and the historic method of hiking rates will not work because of all the above issues., but they will still hike rates which further damages your income and ability to spend in a hope demand is less and prices drop. But the supply chain is still way off being fixed. Supply needs to increase in countries then inflation can be managed. You cant have rate hike and less supply, economics 1…
The World is breaking into different ideologies and is divided with more division to come and even a strong possibility of civil unrest and war.
BRICS countries (non G7 members so a sub category, a little like division 2), possible forming their own reserve currency to compete with the dollar! Huge implications if they do and led by China and Russia. (Now ask why the wars???)
2024 is a huge year with various elections such as USA, UK, Europe, Russia and more.
Inflationary assets such as gold, commodities, oil, real estate, S&P 500 and don’t forget to hold some cash to live of whilst investments grow over the medium and longer term (3-5 maybe 10 years).
There is a lot going on in an angry, misguided world. The illusion is set and many believe it. Look beneath the words and the perception and into the reality. The financial facts tell a very different story to the one you see on the TV.
Stay well and prosper :))