The Powell years as Fed chair were not good for California - Orange County Register

The article addresses three major macroeconomic and geopolitical risk factors: inflation, tariffs, and war.

The author expresses strong conviction about an impending major recession and a potential summer stock plunge.

Top economic forecasters project the inflation rate to hit 6% in the second quarter, indicating potential negative market impacts.

Inflation risk dampened investor enthusiasm, leading to a tumble in both stock and bond markets.

A surge in bond yields driven by inflation is causing stocks to fall from their all-time highs.