These are difficult times for everyone. The evident are the people in Ukraine. But the cascade of consequences we have seen in only 2 weeks can shake everyone’s life in very significant ways.

We are already dealing with the supply restraints created by the Covid crisis. We are now facing extreme inflation. Wages are starting not to be able to sustain people’s needs. And added to this, the price of gasoline almost doubling and supply challenges on food and other necessary supplies like metals are going to create an extreme crunch in all economies.

People are losing an important amount of value on their investment portfolios as well.

We foresee 2022 to be a year of uncertainty, even if the Russian war does not last long. And unfortunately, it may bring a panorama of job losses but without as much government assistance as the Covid crisis. The government is still dealing with the massive amount of money put in the marketplace and we doubt that it will be willing to repeat the process at that level.

The housing market in Texas continues to be very active. We remain hopeful that it will continue this trend due to the lack of inventory. However it remains to be seen how it will work for the regular Joe and Jane. Significantly increased house prices added to inflation and added to increased interest rates do not make for a fertile environment to attain the American dream.