Fast Rope

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2022: The Year of the Hangover?

by Daniel Lacalle via Mises Institute The global recovery has slowed down significantly since the peak of the reopening effect in June 2021. What many expected would be a multiyear cycle of above-trend growth is proving to be a more modest bounce. Furthermore, according to Bloomberg Economics, the global economy will likely grow in the […]

The US Misery Index Shows How Weak This Recovery Is

by Daniel Lacalle via Mises Institute United States consumer confidence has plummeted to a decade-low in November. The¬†University of Michigan‚Äôs consumer sentiment index fell to 66.8 in November, down sharply from the October figure of 71.7 and well below consensus forecasts of 72.4. Inflation is hurting consumers and the impact on daily purchases is more […]