Welcome to the Happy New Year - BusinessMirror

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Welcome to the Happy New Year - BusinessMirror
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Merry Christmas and Happy New Year. I am going on my holiday vacation, but I will be back in plenty of time for the “Year of Hell.” Know more:

Merry Christmas and Happy New Year. I am going on my holiday vacation, but I will be back in plenty of time for the “Year of Hell.”

You cannot ignore the cycles and you cannot fight them. The Philippines has a general cycle of typhoons from April to December. The peak of the typhoon season is July through October, when nearly 70 percent of all typhoons develop. The most severe typhoons usually occur in August and September. Christine Lagarde, President of the European Central Bank, said last month that a “mild recession” will not reduce inflation. If true, then it is an admission that inflation was made by Covid lockdowns that disrupted the supply chain and unleashed shortages. Well, if not a “mild” recession then she must mean a strong recession.

When you are buying eggs at a historically high price, up 78 percent in a year, and the payment on your home variable rate mortgage increased 25 percent while you are working a full-time and a part-time job, you might tend to panic. If you lose one of those jobs but your president tells you not to worry because gasoline is almost the same price as a year ago, you might tend to panic.

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