from The Street
Robert Powell: What do retirement investors need to know about stagflation? Well, here to talk with me about that is David Marra. He’s the Chief Investment Officer at Morgan Asset Management. David, welcome.
David Marra: Thanks, Bob. It’s a pleasure to be with you again.
Powell: It’s a pleasure to have you here. It’ll be a pleasure to have you sort of walk us through, I guess, one, what stagflation is, maybe a little bit about its history, and then we can talk about what investors need to know about it.
Definition and Historical Context
Marra: Stagflation, as you’re alluding to there, hasn’t been with us. It’s not quite with us yet, but it’s concerning a lot of economists that it may be with us. The last time we experienced it in the US was in the 1970s and very early 80s. Obviously, stagflation is, from a terminology point of view, a combination of the words stagnation and inflation.