Is '70s-Style Stagflation Next Up for the U.S. Economy?
Gail Fosler, chief economist of the Conference Board, came out with her stagflation call this morning. Oh, and the Fed is also going to resume raising rates, she added. Ugly stuff. The global research organization's index of leading economic indicators has turned downward of late, leading to Fosler's prediction of a slowing economy. But she also thinks inflation will remain stubbornly high. Slow growth plus inflation equals stagflation. Here's her two cents:
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