3 ms·

I would be very surprised if it's a mimic of the early 1980's. It's a different employment and consumer spending environment. BoA CEO is fairly optimistic. htt

• wing-_-nuts 4y ago
  It's the latest recession I know of where the fed raised rates with the explicit purpose of killing inflation. The tricky thing about inflation, is once people start to believe inflation will continue it takes a whole lot of pain to stop the wage / price spiral and convince them otherwise. Let inflation get out of hand, and it's very hard to put back in the bottle.
  • WoahNoun 4y ago
    The 80s was a period of stagflation though and not just inflation. I don't see even the most bearish analysts predicting stagflation. Inflation combined with low unemployment and wage growth is a whole new territory.