[Teeth53]

These are some of the developments we are watching:

    Worldwide concerns of a recession have increased with several economists predicting a U.S. recession in late 2022 or early 2023.
    Real estate sales have fallen to their lowest level since 2020 in several countries as rising mortgage rates discourage buyers.
    Australia's energy market was thrown into crisis in a case of market failure, resulting in soaring prices and fears of blackouts.

and the black swan in october 2022

U.S.A. going into recession....price of WTI crude oil slipped $9.01 per barrel by 12:37 pm ET below $100 per barrel to $99.42 (-8.31%), while Brent crude sank $10.41 per barrel to $103.10 (-9.17%).

Also on Tuesday, a Citi report suggested that oil prices could fall to as low as $65 per barrel by the end of this year and as low as $45 by the end of next year if the world enters a recession and demand tanks.

According to Citi, oil demand goes negative “only in the worst global recessions, but oil prices fall in all recessions to roughly the marginal cost.”

In the same report, however, Citi said that it did not expect the U.S. economy to fall into a recession.