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Biden doesn't have a silver bullet for inflation, but here's what he can do
CNN
I can't remember a more difficult, complicated set of factors at play all at once in the economy -- with no road map.
Morgan Stanley put it this way on Sunday: "We live in the most chaotic, hard-to-predict macroeconomic times in decades."
You can see it in the punishing sell-off this year in stocks: The S&P 500 (SPX) is down 16% this year, wiping out a year's worth of gains. It's even worse for the Nasdaq (COMP), down 25% this year.
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