US in ‘worst of both worlds with high inflation, GDP slowdown

Bloomberg/Chris Antsey and Reade Pickett/4-27-2023

“The US economy was slowing even before the brunt of any credit crunch stemming from the recent bank failures, while inflation accelerated, highlighting the enormous challenge faced by the Federal Reserve.”

USAGOLD note: Looking more like stagflation every day…… “Worst of both worlds” is a good way to describe it, as our graphic above illustrates. The best investments during the 1970s – the last time stagflation gripped the global economy – were gold and silver.