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2 thoughts on “‘Stagflation!’ Screamed The PMIs

  1. I interpreted our situation as stagflation since 2020. I believe that’s what we have. I think this is not just debt, agressive deficit spending, and money supply. We’ve have a sea change on unrestrained globalization. Many countries have ugly demographics. We have reintroduced national security as a major theme- It is the new war on terror. A 1940’s land war in Europe is costly and disruptive. Our transition to renewable energy is being executed very, very badly. We still haven’t really finished with covid. I think this entire decade is a challenge.

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