“I thought by now you’d realize, there ain’t no way to hide your lyin’ eyes.”
Stagflation reigns. Slow growth (2.5%) with rising inflation (4%) — driven by the rising cost of labor (+5%) — is the very definition of a stagflating economy. This forecast remains the dominant theme for the economy, markets, and investors. Stagflation has been the Perry International Capital Partners (PICP) forecast for two years, and we continue to be more worried about rising inflation than we are about slower growth.
“I thought by now you’d realize, there ain’t no way to hide your lyin’ eyes.” Read More »
