Global stocks tumble as investors fret over spectre of ‘stagflation’

Tech-heavy Nasdaq falls more than 2% while yield on 10-year US Treasury touches highest level since June

“The main market narrative is one of stagflation,” said Samy Chaar, chief economist at Swiss bank Lombard Odier, referring to the spectre of high inflation and a slower economic expansion due to energy price rises and “growth worries coming out of China.”

FT 28 September 2021

https://www.ft.com/content/7541c364-736b-488b-a793-7ba5cf517f49

The increasing evidence of stagflation

Mohamed A. El-Erian Project Syndicate 22 September 2021

Nouriel Roubini Project Syndicate 21 September 2021

https://englundmacro.blogspot.com/2021/09/the-increasing-evidence-of-stagflation.html

Real men are not afraid of a little inflation. But they are scared of stagflation

https://englundmacro.blogspot.com/2021/06/real-men-are-not-afraid-of-little.html