Menu Close

Author: Charles Hugh Smith

Not the 1970s or the 1920s: We’re in Uncharted Territory

All of these similarities and differences are setting up a sea-change revaluation of capital, resources and labor that will be on the same scale as the extraordinary transitions of the 1920s and 1970s.

The awakening of inflation after decades of slumber has triggered a flurry of comparisons to the 1970saccompanied by a chorus of projections for 1970s-type stagflation, defined as inflation plus economic stagnation– limited or negative growth and high unemployment.

RSS
Follow by Email
LinkedIn
Share