⚑ Joe Mac's Market ViewpointsEconomics & TradeMarkets

Joe Mac’s Market Viewpoint: Welcome Back Stagflation

Click here for a PDF version of this report

Back in the 60s and 70s, when many of today’s traders and portfolio managers weren’t even born yet, the U.S. was plagued with the double-whammy of soaring inflation and plodding GDP growth. In a word, it was the era of “Stagflation.” Some say if you remember those times you weren’t really there. I was there, however, and remember well what happened. Unpopular wars and expensive new social programs ballooned government deficits which were monetized by the U.S. central bank, sowing the seed...

 

To read more, sign up for a Free 30-Day Trial of MRP's research here.