Joachim Hagopian The net wealth of the world fell by a whopping $11.4 trillion or by 2.4% to $454.4 trillion by 2022’s yearend tally, the first decline observed since the 2008 financial crisis. This is just one among countless ominous barometers all indicating we’re fast headed off a financial Armageddon cliff, plunging headfirst towards a global economic depression the likes of which none of us alive today have ever experienced before. Non-financial assets like real estate appeared to hold up despite increasing interest rates. That said, commercial real estate is crashing bigtime.…
