US FED has acknowledged it had misjudged on US inflation and won't use the word transitory anymore.

https://finance.yahoo.com/news/fed-chairman-jerome-powell-retires-the-word-transitory-in-describing-inflation-162510896.html

We had stated on numerous postings that the US inflation was not transitory.  We also had produced our 1st webcast to explain our stance.

http://sg-stock.blogspot.com/2021/06/our-first-webcast-is-current-inflation.html

2022 will be a year fraught with many black swan events such as omicron, US inflation, and declining US GDP growth.  Therefore,  a financial crisis looming in the US.