Top economist Mohamed El-Erian says Stagflation is ‘Unavoidable’

binsfeldcyhawk2

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The U.S. is staring down the barrel of 1970s-style stagflation as economic growth slows and inflation remains elevated, Mohamed El-Erian, the chair of Gramercy Fund Management and chief economic advisor at Allianz, said on Monday.

 

Hammer93

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El Erian is one of the best. I trust his predictions. A great deal of this situation was avoidable. It's pretty sad what people are going to have to go through now.
 
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