Looking ahead to 2021, it’s important to consider how surprises could affect the stock market. The pandemic was the surprise of 2020 and that was completely unpredictable. The biggest surprise of this year is also probably likely to be unpredictable. But there also seem to be some predictable crises in plain sight. Let me explain… Crisis On The Horizon Latin America and Africa seem to be on the edge of crises as the chart below shows. This chart shows countries where the annual inflation rate exceeds 10%. Hyperinflation can lead to a refugee crisis. As citizens flee Venezuela, for example, they could make … (full story)
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