from Lakshman Achuthan, Co-Founder and Chief Operations Officer of ECRI
If you are old enough to remember the 1970s, then you’ll know that lava lamps and disco were only two of the horrors of the era. On the economics front, the U.S. was hit with stagnation and inflation at the same time. It came to be known as stagflation.
Unfortunately, a mild version of the same is set to arrive in the U.S. economy shortly. This is the picture shown by ECRI’s indexes for growth and inflation data watched by the Fed. Watch this Forbes video.
