Stephen Roach is the latest high-profile economist to sound the alarm on the risk of a 1970s-style stagflation—where economic growth falls but inflation stays stubbornly high. The former Morgan Stanley Asia chairman told CNBC in a Sept. 29 interview that the energy price spike is inflicting major damage to struggling supply chains and that he believes…
Stagflation Risk: Stephen Roach Latest Economist to Sound Alarm on 70s-Style Inflation
Economist Nouriel Roubini Warns of Growing Risk of Stagflationary Crisis
Economist Nouriel Roubini, known for his gloomy-yet-accurate prediction of the 2008 financial crash, warned in a recent op-ed that the global supply chain crisis combined with high debt ratios and ultra-loose monetary and fiscal policies threaten to turn the “mild stagflation” of recent months into a stagflationary crisis. Roubini argued in the Sept. 21 op-ed “Goldilocks…
The Higher Inflation and Bigger Debt Act
Commentary The $3.5 trillion spending bill set up to follow the $1.1 trillion infrastructure bill (which has little to do with infrastructure) should be called what it really is: The Higher Inflation and Bigger Debt Act. The Democrats would like you to believe it is only a reconciliation bill. This is vital to them because…
Biden’s Hidden Tax Increase
Commentary Every American is going to pay higher taxes due to the Biden administration’s policies. Remember that inflation is a hidden tax. It is a powerful (and often unseen and unstoppable) way for a government to pay for its goods and services without raising visible taxes that make people angry. Warren Buffett is widely regarded…
NTD Business Full Broadcast (Mar. 15)
Bloomberg reports the Biden admin will raise taxes at the next opportunity. How will that impact the economy and will it lead to stagflation? Digital payments firm Stripe is now the most valuable startup in the U.S., it’s boosted by the boom in e-commerce during the pandemic. Socialist dictator Nicholas Maduro is apparently laundering the…
What to Expect From Bidenomics
January 28, 2021
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BidenomicsinflationJanet YellenJoe Bidenminimum wageOpinionpublic debtstagflationU.S. economyViewpoints
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Commentary On Tuesday, Jan. 19, 2021, the Treasury secretary designate Janet Yellen outlined before the Senate Finance Committee the likely course of President Joe Biden’s economic policies in the months ahead. Given the fragile state of the U.S. economy as a result of Covid-19, Yellen favors Biden’s $1.9 trillion spending plan to provide support to the…
Commodities Signal Stagflation Risk
Commentary The Bloomberg Commodity Index has bounced more than 2 percent in the first week of January. At the close of Jan. 10, most commodities are rising well above global GDP growth estimates. China re-stocking, inventory build-up, and economic recovery added to a cold winter have driven iron ore and energy commodities much higher, even…
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