Global price rises risk turning into 1970s-style inflation shock,

 which eventually led to recession and high unemployment, according to hedge fund giant Brevan Howard Asset Management. 

 “This combination of high inflation, tight labour markets, and uncertain inflation expectations introduces the prospect of a 1970’s style wage-price spiral which proved very costly to reverse during the Volcker Era,”  

Bloomberg 31 mars 2022

https://www.bloomberg.com/news/articles/2022-03-31/brevan-howard-sees-rising-risk-of-a-1970s-style-inflation-shock


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