Join institutional investors, analysts and strategists from the world's largest banks: Subscribe today
Already have an account? log in
‘Stagflation!’ Screamed The PMIs
I'm not sure where we are this week when it comes to the good news-bad news dichotomy for the US eco
The dollar was exporting inflation, that has faded
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.