Some even think “stagflation”:
Rising prices and collapsing confidence could portend that both inflation and slowing growth are looming, a sure recipe for stagflation.
For the past quarter century, however, inflation dynamics has been tame, and tamer still post crisis!
To others, Consumer Spending Bounced Back in March. However, another headline from the same source says Growth Cooled in First Quarter as Consumers Reined In Spending.
Consumer spending has done nothing, let alone “bounce”. Compare and contrast consumer spending growth pre and post crisis!
The “doomsday march” continues unabated!