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Mish nails why this recession is gonna be incredibly bad πŸ”— 1653054939  

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Sanctions policy and Quarantine policy over the last 2 years have dynamited the international division of labor. Huge amounts of effort will have to be expended producing things domestically at lower efficiencies than we could by leveraging international specialization. This is without much labor slack and a declining workforce. I see no indication that policymakers are anything but clueless fools who don't even understand the first thing about how mutually beneficial exchange works. They will also continue to exacerbate problems with their deranged obsession with reducing energy usage (and thereby crippling productivity).
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