First, a quick note: There's not much new perspective on current events I can offer. Markets are still locked in a volatile pattern and will probably continue that way for the foreseeable future. We're watching the data closely.
Today, I have a big-picture question for you if you're interested.
While absorbing the recent news, we can be forgiven for thinking that the world is going off the rails. There's a global pandemic, worrying inflation, atrocities in Ukraine, and "unprecedented" developments everywhere. A fear arises that it's all getting worse, somehow.
If we feel that way, we're not alone. A lot of people feel that way. (1)
So, let's ask the big question: Is the world getting worse? Or is it actually getting better?