The question now is how long this stagflationary shock will last — and whether a prolonged, 1970s-style slump is still a possibility.
With private and public debt levels at historic highs as a share of GDP, “central bankers can take policy normalisation only so far before risking a financial crash in debt and equity markets”, warns Nouriel Roubini
FT 2 May 2022
The Gathering Stagflationary Storm
There are many reasons to worry that today’s stagflationary conditions will continue to characterize the global economy, producing higher inflation, lower growth, and possibly recessions in many economies.
Nouriel Roubini 25 April 2022
El-Erian Says Cut Stock Holdings - Stagflation