Don't blame Biden - he no longer knows what he is doing. Blame the rabid leftist Marxist fascists pulling Biden's demented strings. Democrats are not making America great again, they are returning America to the state of depression that existed under some of the worst presidents in history by re-employing the same bad policies as those earlier losers.
economictimes.indiatimes.com
Oil price surge revives Wall Street fears of 1970s-style stagflation
Read more at:
https://economictimes.indiatimes.co...ofinterest&utm_medium=text&utm_campaign=cppst
NEW YORK: With surging oil prices, concerns about the hawkishness of the Federal Reserve and fears of Russian aggression in Eastern Europe, the mood on Wall Street feels like a return to the 1970s. Other than bell-bottoms, the only thing missing so far is stagflation, which occurs when an economy experiences rising inflation and slowing growth at the same time.
Yet some investors now think that it is not far off.
They are recalibrating their portfolios for an expected period ..
Oil price surge revives Wall Street fears of 1970s-style stagflation
The percentage of fund managers who believe stagflation will set in within the next 12 months stood at 30%, compared with 22% last month, a survey from BoFA Global Research showed.
Oil price surge revives Wall Street fears of 1970s-style stagflation
Read more at:
https://economictimes.indiatimes.co...ofinterest&utm_medium=text&utm_campaign=cppst
NEW YORK: With surging oil prices, concerns about the hawkishness of the Federal Reserve and fears of Russian aggression in Eastern Europe, the mood on Wall Street feels like a return to the 1970s. Other than bell-bottoms, the only thing missing so far is stagflation, which occurs when an economy experiences rising inflation and slowing growth at the same time.
Yet some investors now think that it is not far off.
They are recalibrating their portfolios for an expected period ..
