4 ms·

Worse than 2008, got it.

• roflyear 4y ago
  I am not sure that we can predict how bad a recession will be based on inflation.
  • qclibre22 4y ago
    Some claim you can: "The historical evidence indicates that when inflation is as high as it is today, and the unemployment rate is as low as it is today, the probability of a recession over the next one and two years is extraordinarily high" source: https://www.hks.harvard.edu/sites/default/files/centers/mrcbg/files/Recession_blog.pdf https://www.hks.harvard.edu/sites/default/files/centers/mrcb...
    • roflyear 4y ago
      Probability of recession, but severity?
• smileysteve 4y ago
  Well, yes, and no, the crash of 2008 caused deflationary pressure, and below [Federal Reserve] (annualized average) target inflation until 2020.