Some factors he makes:

• The world is a structurally totally different place than it was.
• The peace dividend is not any extra.
• The long-term deflationary results of outsourcing manufacturing to China aren’t any extra.
• Staff and unions’ bargaining energy continues to rise. Strikes abound, with extra prone to come as profitable walkouts obtain substantial wage positive factors.

• Vitality costs are rising quickly. Not refilling the SPR was a misguided and harmful mistake. Our strategic belongings ought to by no means be used to realize short-term political aims. Now we should refill the SPR whereas OPEC and Russia minimize manufacturing.

• The inexperienced vitality transition is and can stay incalculably costly.

• And better gasoline costs will elevate inflationary expectations.

His record of woes goes on and on. To be truthful he is been on the precise facet thus far.

He finishes with a cheeky wink:

• However I may very well be unsuitable. AI may save us.