UPDATE: Dump is slamming Sleepy Joe on Ukraine.
Has anyone faced more converging catastrophes on more fronts?
As things stand today, it looks like we are headed for my first big miss in my 2022 forecast. I didn’t think this Ukraine situation was going to pop off. It now looks like a much more realistic possibility. Joe is going to be lucky if it is only Russia invading Ukraine and not China moving on Taiwan too.
Note: I did include this scenario as a moderate possibility in my 2022 hedges. I also assumed that I would get at least one thing wrong.
To paraphrase Uncle Joe: It doesn’t matter who votes. What matters is who counts the votes.