by Peter St. Onge, Activist Post:

 

 

Are we about to repeat the lost decade of the 1970s?

Today’s stagflationary economy — with high inflation and slow growth — will look familiar to anybody who lived through the 1970s.

Not only the stagflation, but the social unrest, decaying cities and political polarization all feel eerily familiar to those who thought gas lines, bell bottoms, and Captain and Tennille were all behind us.

For the past year my base case has been that we’re repeating the 1970s’ economy. The most salient feature of which was a double-peak stagflation that ultimately lasted roughly 8 years.

Perhaps this time paired with a 2008-style financial crisis that will ultimately convert into even more inflation.