Top economist Torsten Slok warns of an ‘inflation mountain’ in a potential repeat of the ’70s
Now he sees an uncanny resemblance—almost an uncanny valley—between the inflation mountain range of the 1970s and ’80s and the inflation wave of 2021, plus what may lie ahead for the U.S. economy. In his Daily Spark newsletter on Aug. 31, Slok noted the upside pressure on inflation and inflation expectations from tariffs; dollar depreciation; … Read more