KPMG - Innovation Is the Go-to State

I think it's geopolitics. The world is dividing into two major blocks, entering a Cold War period that could eventually lead to a more intense conflict situation. And I think this will dampen globalization and probably lead to some de-globalization,. increase the price level of many products that are traded goods and therefore lead to an inflationary period. It can sort of have this perverse feedback loop that ends up impacting the US economy in negative ways. Probably not enough talk about the Fed's impact on foreign economies.