-
What US Stagflation?
The Misery Index — the combination of Inflation and unemployment — failed as a bearish criticism of the economy. Unemployment remains at 60-year lows, and Inflation has plummeted from 9% down to the 3s. If you have a bearish mindset, and seek confirmation of that perspective, then the next economic critique after the Misery Index you try on for size is “Stagflation.” We have heard the S-word from Jamie Dimon, Stanley Druckenmiller, Bank of America, Barclays, Fox, Marketwatch, Kiplingers, and many others. The definition from the 1970s + ’80s was the combination of slow growth, high unemployment, and rising ... (full story)