The Great Moderation is dead

Ajay Rajadhyaksha, a rates strategist at Barclays. “Financial markets are very good at making analysts feel foolish, and that’s especially been true in 2022.”

More than half of Nasdaq stocks have dropped 50 per cent or more from their 12-month rolling highs.

Katie Martin FT 15 July 2022

https://www.ft.com/content/05d0324f-e216-47ff-973e-c22f660edf22

Inflation today is the manifestation of a deeper regime shift: the end of the “Great Moderation 

Jean Boivin FT 4 July 2022

https://englundmacro.blogspot.com/2022/07/the-problem-many-central-banks-are.html

The “Great Moderation” is the name often given to the period from the mid-1980s to 2007, 

when the Federal Reserve kept inflation and economic growth relatively stable… until it all collapsed in spectacular fashion in the global financial crisis of 2008.

https://englundmacro.blogspot.com/2021/05/stefan-ingves-varlden-andrar-sig-hela.html