> However, we had several external supply side shocks due to the pandemic, and Russia's war on Ukraine, which drove the cost of goods higher. just a sec. huge

> However, we had several external supply side shocks due to the pandemic, and Russia's war on Ukraine, which drove the cost of goods higher. just a sec. huge inflation started before Russia’s war. and it was due to the government printing huge amounts. the politicians miscalculated and we’re paying the price. Russia’s war just confirmed things will be bad, it was not the precursor, no matter what the politicians are saying. https://news.sky.com/story/amp/us-inflation-hits-fresh-four-decade-high-even-before-ukraine-war-added-to-price-pressures-12562618 https://news.sky.com/story/amp/us-inflation-hits-fresh-four-... > And yet the dollar is getting stronger relative to other currencies. this is because the US dollar is considered a safe haven asset. especially in a global recession.