Will Stagflation Return to the USA?

Alarm Bells Start Ringing As Leading Economists Issue Warning

Bullion.Directory precious metals analysis 26 May, 2022
By Devlyn Steele
Director of Education at Augusta Precious Metals

Two of the world’s best-known economists say we may be headed toward a painful combination of high inflation and economic downturn that we call stagflation.

We’ve already seen meaningful data suggesting a recession could be looming: Gross domestic product decreased by 1.4% in the first quarter of this year. And we know inflation continues to be a stubborn problem. Consumer prices remain at a 40-year high.

Against this backdrop, noted economists Mohamed El- Air E Yawn and Stephen Roach recently sounded the stagflation alarm.

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Devlyn Steele

Devlyn Steele is Director of Education at Augusta Precious Metals, America’s leading gold IRA specialists and go-to precious metals dealer for high-net-worth investors.

A Harvard educated professional economist, Devlyn writes and speaks extensively on precious metals’ use as a portfolio diversification tool and market hedge. He and his team provide a unique personalized introduction and onboarding webinar for new investors at Wyoming-based national gold and silver dealer Augusta Precious Metals.

This article was originally published here

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