Can't disagree with any of Karl's predictions. I have no clue on timing, like the rest of us, so I respect the market/housing predictions. Inflation is baked in, especially for food at this point.

My predictions for 2022?

Inflation continues for basically the entire year. People feel the pain in Q1 and make serious purchasing changes which show up in Q2 across the board.

Some countries outside the US are going to see many many more hungry/starving people to the point of it being on the news.

The housing bubble continues, but in a very uneven fashion geographically.

At least one deep blue state will face a funding crisis and be forced to cut services/benefits in a serious manner.

China finds/creates an excuse to cause further disruption within the global supply chain across multiple industries.

At least one municipality or utility provider will face a parts/supply shortage that causes a serious outage of services.

Buying things BEFORE you need them will become mainstream. Shortages get worse and delivery times don't get better...maybe even get worse.

Unvaxxed (or unboosted/not "fully vaxxed") people will finally find meaningful ways to organize collective action in the US and push back. (I admit this one is probably my personal wishful thinking!)

If you thought 2020 and 2021 sucked, 2022 will likely say, "Hold my beer." Especially the first half. We may start to right the ship later in the year, but this is a big ****er and takes a while to turn.