Skip to content

Market News

Blog

2023

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.