At the Federal Reserve conference in Jackson Hole this week, all attention was on inflation. Chair Jerome Powell seemed to have moved the markets when his tight-money comments coincided with a 1000-po...
Tag: exchange rates
Hi, Stagflation
We’re officially here. Growth is negative and inflation is at 9 percent. It’s 1974 all over again. In that year, all twelve months were spent in recession (one that lasted a year and a third) as price...