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Why 2023 could be worse than 2022

2022 has been one of the worst years for investment on record. Most asset classes performed poorly – stocks, bonds, and cryptocurrencies. Only energy benefited from the war in Ukraine and the disruption to oil and gas supplies around the world. Even so, crude oil prices are down almost 50% from their peak earlier in the year.

You can’t start a fire (or inflation) without a spark! 

As the Boss famously wrote “You can’t start a fire without a spark.” Of course, he was right. But fires need three things; they need a ‘spark,’ or source of heat; they also need fuel; and they need oxygen to burn.