by Adam Sharp
Daily Reckoning
Stagflation is a grim economic diagnosis. High inflation, stagnant growth, and elevated unemployment.
The United States from 1972-1982 is the textbook case. Inflation raged as high as 14%, real economic growth was practically non-existent, and unemployment reached 9.7%.
Now the threat of stagflation once again looms large. Inflation is set for a comeback, growth is slowing, and widespread layoffs have begun.
Today we’ll explore how to survive and even thrive during what will likely be a sustained period of stagflation.