[adra]

I'd agree that the Ukraine war is taking the heat for whats probably the result of economic policy. Late 2019 things wete already starting to look a little glum. 2020 everybody put a bunch of money into the system and 2021 was the world living fast and loose from that excess. 2022-2023 feels like a correction from 2020-2021 and one that's plainly predictable which is why this prediction has been well predicted in most markets and news outlets at this point. I have no idea why this seems like news at 11 for the HN crowd, but shrugs. Hope you're locked into diversified portfolios!

PS: though you can blame policy, I'd argue the hit now was a small price to pay for the potential for a much harder hitting system collapse if the COVID shock was ignored.