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Mohamed El-Erian uses the S-word - Stagflation

He writes in FT today, 14 July 2014, that the analytical underpinnings of the current phase of risk taking in financial markets are far from robust.

- This configuration of more balanced risk is not yet reflected in asset prices and the levels of implied and realised volatility.

"less pleasant scenario – that of stagflation and greater financial instability"

Read more here

Kommentar av Rolf Englund:
Stagnation har vi redan. Det behövs nu bara lite inflation så är vi tillbaka i det som enligt läroboken inte borde kunna finnas: Stagflation.

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