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There were 5 Bank failures in 2023 with $548B in assets according to the FDIC – two of which sent the S&P to the lows for the year in March.
China was expected to add to post-COVID reopening growth; however, the government cracked down on speculation in real estate which has caused the current real estate crisis there.
Earnings made a comeback in the second half of 2023 ending a mild earnings recession.
By Ryan J. Puplava
Executive Summary
In this article, I'll cover some of the key stories of 2023 and then focus on the likelihood of a soft landing for the economy with a look at monetary policy, economic growth, the earnings outlook, and geopolitical risks.