Well now we know who didn't watch the video linked a couple of posts back - "
Legarde was pranked by a fake Zelensky"
Legarde:
...so the inflation that we had hoped would be transitory has continued much longer than thought and at a much higher level than expected... It's worth listening to the clip as fake Zelensky gets a lot of interesting information out of her.
Are the 70's coming back Who remembers this term "Stag-flation"
google search result below
"The stagflation of the 1970s, a combination of slow growth and rapidly rising prices, challenged prior assumptions, leading economists to examine the causes and policies that would end the stagnant period."
Oh I remember that and I relished it! I went to the bank with CA$100 CAD to change to USD for a trip and they gave me US$105 for it. The US always had a much greater variety of goods for purchase than Canada and you had those "all you can eat" buffets too; even as a middle class Canuck, I felt like a rich kid going on vacation.