In my previous article, I explained why you should take a step back when you are bombarded by doomsayers’ claims that high inflation will cause the “biggest recession in history”. Most people do not understand that inflation is not the root cause of the recession. Rather, inflation is a man-made tool to be used as an “excuse” to raise the interest rate so it can be cut again in the future. It is a tool for wealth redistribution. So why does the market worry about inflation? Actually, the market is not worried about the particular inflation numbers. Rather, the market is worried about possible policy missteps to manage inflation. For example, the policymakers may let it run too fast or too slow. If some unforeseen black swan events, such as a global pandemic, happen, there could be undesired consequences. The Russia-Ukraine war was a perfect opportunity for the US to achieve...