People need to go out and start working or they develop robotics to replace these people staying home. Until either of the two happens, the market won't start to recover with the interest rate being raised everywhere.
Ukraine and Taiwan is really Biden's fault. With the hasty retreat from Afghanistan and having Taliban seizing power and kicking the legitimate government to the curb in 9 days and with no reaction from the US, Biden just showed its hand that it's got nothing. Russia and China are just calling US' bluff.
I think the entire world knows that the US right now is a joke and the military is outwardly more focused on transgenders and vaccinations.
However, the entire world also knows that just a few short years ago, the president had the balls to take out a high ranking Iranian government official and their best response was a video a few years later.
The real trick is to destroy the US without starting a fight. So far, so good.