According to inflation statistics, 2022 has been a painful year for financial markets following a worldwide increase in inflation that began in mid-2021, just after the COVID-19 pandemic started fizzling out. Just as captured in our definition of inflation, the increased inflation across the world has resulted in the decline in purchasing power of most currencies including the US dollar.
While there has been little wider fallout from this week's surge in redemption requests at an unlisted Blackstone real estate income trust (REIT), it is being read by some as a warning sign.
The discrepancy between jobs and employment continues for the eighth month. Lost in the unemployment and jobs headline noise are huge divergences between jobs and employment dating back to March.