Recessions, debt, energy crisis, inflation and wars… somehow it is all related, and it is related at a global level, impacting nearly all economies and markets. It all seems to be going rather badly for the “rules based global order,” or as some prefer to call it, “the empire of lies.”

Shock, after shock, after shock…

Last week, on Oct. 6, Kristalina Georgieva, IMF’s Managing Director gave a speech at the Georgetown University in Washington where she explained that the global economy, which was expected to recover strongly after the Covid 19 pandemic, experienced a “shock, after shock, after shock” instead, that it is now experiencing a “fundamental shift,” and that this shift could create a “dangerous new normal.” Georgieva thinks this can only be mitigated by “countries working together.”

We’re winning in Ukraine! Or maybe we’re not.