In this episode of “Cliff Notes on the Global Manufacturing Picture”, host Cliff Waldman offers the high points of a series of talks that he will be giving on the outlook for the increasingly troubled global economy. He begins by identifying the confluence of forces that have created the most difficult global inflation problem in four decades. Cliff explains that growing tensions with Russia and China have added to the outlook risks of a world economy that is contending with high inflation, rapidly rising interest rates and currency instability. He concludes by discussing a number of permanent changes that will come from this period of great challenge.