Investors think stagflation—a 1970s style death spiral—is a bigger threat to the U.S. economy than a recession

Prediction   #stagflation  

“Inflation is certainly here, but it's coming down,” Janasiewicz said. “I think you're going see a little bit of softening in the labor market, so the unemployment rates are going to be higher, but I don't think we're in the traditional #stagflation sense, where it's the ‘70s sort of thing. You're going to have a mild economic recession, and prices are gonna continue to drift lower.”