mistaken.

Anyone thinking we are simply facing a repeat of 2020-style deflation is badly mistaken. Stagflation hits hard Fed can’t flood economy this time.

The idea that we’re facing a simple deflationary crisis like the one we saw in 2020 is nothing short of foolish. During the pandemic, the Federal Reserve could just step in and unleash trillions in liquidity, keeping the markets afloat. But today’s situation is far more complicated. This is stagflation, …

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