The user may be referencing work done on global and domestic demographics (aging populations in china and at home) and supply chain challenges highlighted by t

The user may be referencing work done on global and domestic demographics (aging populations in china and at home) and supply chain challenges highlighted by the Ukraine issues, since Ukraine is home to critical manufacturing inputs for farming + Russian exports going offline (fertilizers and oil). Ukraine won’t come online any time soon to its previous capacity and the replacement for it isn’t known yet. The story on Russia is that it is being cut off completely from the west. The work on demographics is done by Pradhan and Goodhart and of course Peter Zeihan likes to discuss the latter as well. I don’t know where Zeihan gets his sources but he consults for the military and other government agencies. In any case, I’d like to see asset markets deflate courtesy of the Fed raising rates, so I would agree with your take on the Fed holding more responsibility.