I've received an email from a viewer asking me to update my opinion about the impending financial crisis that I had projected in 2022. Since it's been a long time since I posted my opinion on this, I would gladly oblige the request.
The first time that I brought up this issue was in July 2020.
http://sg-stock.blogspot.com/2020/07/another-constellation-is-aligning-and.html
Previously, my earlier projection was based on the following:
- Rising US-China tension (trade, economic, financial, sanction, etc)
- QE tapering will end in March 2022
- Major covid virus outbreak in 2022 (omicron)
- Natural disasters
- ECB emergency program (PEPP) will end in March 2022.
- US Fed interest rate hikes in 2022 (3x)
- US GDP growth will decline in 2022
- US 10-year treasury yield will exceed 2% in 2022.