Economists cannot agree on what ails the global economy
“A depressing consensus prevailed among economists at the recent American Economic Association annual meetings: the developed world is stuck with low growth, low inflation and low interest rates for years to come. Even worse, there is no consensus on why.”
USAGOLD note: That depressing consensus – that secular stagnation is here to stay – elevates the possibility of a future stagflationary or even a deflationary event.
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