The world is currently brittle. A localized drone strike in the Middle East now has the power to double travel costs in Asia or force a worker into a home office in Malaysia.
The "fragility of the interconnected world" is the phrase of the year. Whether it is a drone in the Middle East doubling your flight cost in Asia, or a lunar mission sparking a new Cold War, the barriers between local and global have vanished.
In a rare moment of triumph, NASA successfully launched Artemis II on April 1. Four astronauts—including the first Canadian, Jeremy Hansen—are currently on a 10-day journey that will take them further into deep space than any human in history
Central banks are paralyzed. Lowering interest rates to help growth would only fuel inflation further, meaning borrowing costs for homes and cars will remain painfully high through 2026.
Stagflation and the "Triple-Deficit" Trap
The global economy is hitting a wall. For the first time in over three years, the services sector is shrinking, as evidenced by an S&P Global PMI drop to 49.8 in March.