by Michael Snyder, The Economic Collapse Blog:

I hope that I am wrong about our immediate economic future, and I hope that all of the other respected voices that are warning of economic doom in 2023 are wrong too.  It would be wonderful if things turn in a positive direction at some point during the next 12 months and 2023 turns out to be a year of peace and prosperity for the entire world.  Of course virtually nobody is expecting the year to start well.  As I discussed yesterday, there is a growing consensus among the “experts” that the months ahead will be quite rough.  But even though it has become exceedingly obvious that short-term economic conditions will not be good, some optimists are still trying to put a positive spin on things.  For example, Moody’s Analytics chief economist Mark Zandi is trying to convince us that we will only have to endure a “slowcession” before things finally turn around…