Boomers and members of “The Greatest Generation” remember an economic phenomenon that was new in the 1970’s: stagflation. Stagflation was the simultaneous occurrence of inflation (usually associated with an overheating economy) and a recession. Despite the warnings of the economic press, Lauren Saidel-Baker of ITR Economics doesn’t think we’ll experience either. Check out her short blog/audio post, Questions on Stagflation to find out why.
While you’re on the ITR site, check out CEO Brian Beaulieu’s admonition to look carefully at what’s happening with real (inflation adjusted) income before you conclude that the economy is sliding off the table and why he thinks that while the economy may be slowing (but still growing) “we are on track for the projected re-acceleration of the US economy post mid-2023.”
Ken Fisher of well-known Fisher Investments sees inflation as transitory in a six-minute video…and an economy that continues to grow.
Last Friday’s jobs report shows a strong economy in contrast to concerns about inflation. Check out Dr Brian Wesbury’s analysis and it’s implication for recession.
