Episode 20: Are We Heading Back to 1970s-Style Stagflation?
On August 15, 1971 President Nixon gave a speech that was a catalyst for stagflation.
Parallels: The oil embargo of 1973 was a shock to the system that, combined with bad monetary policy, brought about economic misery. Is the pandemic the same kind of shock in 2021, along with questionable modern-day monetary policy, that will beget similar conditions?
Watch the bond market on where it thinks inflation is heading.
Episode 20: Are We Heading Back to 1970s-Style Stagflation?
On August 15, 1971 President Nixon gave a speech that was a catalyst for stagflation.
Parallels: The oil embargo of 1973 was a shock to the system that, combined with bad monetary policy, brought about economic misery. Is the pandemic the same kind of shock in 2021, along with questionable modern-day monetary policy, that will beget similar conditions?
Watch the bond market on where it thinks inflation is heading.