Stagflation: It’s back, what is it
Bloomberg’s coverage this week includes the launch of an ETF designed to beat stagflation and the ECB and the Fed insisting that stagflation is not the base case in the future. However, weekend coverage is putting the question of stagflation to economics experts like Ray Dalio, with responses that assume stagflation is the base case and includes a base inflation rate above 4% for the foreseeable future.