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A perfect storm of energy shortages and supply chain disruptions could cause our economy to go into a serious tailspin.

Despite soaring valuations, some 93% of business leaders say they will continue to make deals in 2022.

Ernest Werlin From economists to the man on the street, we now have concerns over a rapid increase in inflation. Those of us who lived through the 1970s and early 1980s remember how America suffered from stagflation, which is characterized by slow economic growth and relatively high unemployment. Consumer prices skyrocketed 13% in 1979 and 13% in 1980. To slow the economy’s growth and shrink inflation, former Federal Reserve Chairman Paul Volcker raised the federal funds rate to a record 20% in March 1980. Unemployment in 1980 reached 7.5%. For 2021, economists expect inflation to approach...

DOC’S PRESCRIPTION: U.S. economy shows robust signs Ernest Werlin © Provided Ernest Werlin On Good Friday, the Labor Department reported that U.S. employers added a seasonally adjusted 916,000 jobs in March. Economists expect further positive news as more people get vaccinated against COVID-19, states remove restrictions on business activity and consumers start traveling and shopping outside their homes. Unemployment fell to a pandemic low of 6%. Although we appreciate the recent spate of good news, Pew Research revealed COVID-19’s lasting damage. Half of nonretired ad...

Humpty Dumpty had a great fall All the king’s horses and all the king’s men Could not put Humpty together again One year ago, the World Health Organization warned about the impact of COVID-19. WHO urged the global community to take action to bring the pandemic under control. At that time, there were fewer than 100 cases of the disease and no deaths outside of China. The world has now passed 100 million reported cases. The pandemic has impacted 200 countries and every U.S. state. Globally, we are approaching 2.2 million deaths. The U.S. death toll exceeds 530,000, surpassing World War I a...