I find it amusing that most people in the comments are discussing previous mistakes as they interpret them but mostly not addressing their perception of how bad

I find it amusing that most people in the comments are discussing previous mistakes as they interpret them but mostly not addressing their perception of how bad the next/current recession will be. I think some higher prices in things like food will be elevated for some time. I also expect the economy to recover in a year or so, but I don't expect the recovery will last long for various reasons. My predictions are that the federal government will step in dramatically in the American southwest next year. Water and crop issues will persist next year just as they've been getting worse for over a decade now, which will increase migration rates, conflicts, and elevate food prices. More people will move from the American southwest to the northwest and eastern US. The Russian war will drag on. To the world's hunger and pain, the US will reduce agricultural and growth exports due to water issues. US efforts to 'reshore' manufacturing and chip fabs in particular will falter and slow as shipping rates fall, as cheap labor centers become available and more cost efficient again, as labor costs in the US increase and labor actions increase year over year even with poor economic conditions, and as water issues prevent or delay Intel and others from building their water intensive chip factories in the US. I could go on but hopefully you get the picture. As I've said before, I'm just an accountant with some light studies in economics and mild curiosity, so maybe take some these predictions with a grain of salt.