How is this for a worst case scenario.
Rising prices among the food, energy and commodity groups underpinned by a collapse in the dollar and rising interest rates.
Declining prices for labor, consumer goods and anything discretionary (predicated on falling incomes, rising savings and increasing unemployment).
Greater govt dead-weight cost associated with weak stimulus multipliers, major policy mistakes, rising tax burdens, increasing regulation, crowded out private investment, clueless monetary authorities, and the reintroduction of trade warfare.
Instead of global stagflation, global flat-lining.
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