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Risk
That ’70s Show: Can Stagflation Return?
Several finance savants, including Jamie Dimon, admonish that high inflation and a punk economy could stage a comeback.
Several finance savants, including Jamie Dimon, admonish that high inflation and a punk economy could stage a comeback.
It’s not pretty: History shows that this bad combo pares equities’ median returns by 2%, Goldman says.
Investors could see either a 1970s-style double-digit ripsnorter, a return to a more normal level, or something in between.