2022: Last year is easy to explain, very high inflation, driven by money printing in 2020, 2021, and the first three months of 2022, excessive government spending with record high budget deficits, and a dysfunctional government with an ill-conceived energy policy. The Federal Reserve raised interest rates by 4.25%, housing and other interest rates sensitive sectors are declining and impacting other areas of the economy that were thought to be recession resistant.

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