After today’s FOMC meeting, one thing is crystal clear: the USA is heading into stagflation.
But stagflation is a nightmare for markets and the economy because:
• Responding with stimulus risks Hyperinflation!
• Responding with higher interest rates risks creating a Depression!
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After today’s FOMC meeting, one thing is crystal clear: the USA is heading into stagflation.
But stagflation is a nightmare for markets and the economy because:
• Responding with stimulus risks Hyperinflation!
• Responding with higher interest rates risks creating a Depression!