cross-posted from: https://lemmy.world/post/34640123
- US stagflation would hit bonds and stocks globally
- Equities far from pricing in US stagflation risks - Gold, some inflation-linked products might offer refuge
LONDON, Aug 18 (Reuters) - The spectre of U.S. stagflation is stalking global markets, causing some investors to position portfolios to dodge the potential damage that tariffs could wreak on growth and inflation in the world’s dominant economy.
Some 70% of global investors surveyed by BofA Global Research in early August said they expect stagflation - the combination of below trend growth and above trend inflation - in the next 12 months.
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This will be the first ever global financial collapse caused entirely by a single man’s deliberate actions to create it, and they’re just letting it happen lol