“It’s tough to make predictions, especially about the future,” the late great New York Yankee Yogi Berra famously said. It’s certainly true as we head into 2022, where all kinds of so-called “gray swans” lurk, any of which could slow the economy and derail the stock market.
A gray swan is an event regarded as having a low probability of occurring — but having a large impact if it did. I’ve drawn up a list, starting with the economy, which most economists think looks rosy as the new year dawns.
“I think the key thing is that we go into 2022 in pretty good shape,” says Joel Naroff of Naroff Economics, a Southampton, Penn.-based advisory firm. “The economy has essentially clawed back to where it was, or almost where it was, before the pandemic hit. The government has supported the economy immensely. Wages are up, but prices are up too because of the supply…
