
Risk
Should We Really Be Afraid of Stagflation?
Nope, argues Meketa, pointing to how energy’s role has shifted since the 1970s.
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.