Are We Heading for Stagflation?

Are We Heading for Stagflation?
A customer pumps gas into her vehicle in Miami, Fla., on Nov. 22, 2021. Joe Raedle/Getty Images
Gary Brode
Updated:
Commentary

Investors of a certain age will remember the economic difficulties in the United States in the late 1970s. The malaise of the time led to the use of the term stagflation used to characterize weak or negative economic growth combined with high inflation or high unemployment. In turn, this led to the use of the statistic called the “misery index” defined as the unemployment rate plus the inflation rate.

Gary Brode
Gary Brode
Author
Gary Brode has spent three decades in the hedge fund business. Most recently, he was Managing Partner and Senior Portfolio manager for Silver Arrow Investment Management, a concentrated long-only hedge fund with options-based hedging. In 2020, he launched Deep Knowledge Investing, a research firm that works with portfolio managers, RIAs, family offices, and individuals to help them earn higher returns in the equity portion of their portfolios. Mr. Brode’s work has been featured in the Wall Street Journal and Barron’s, and in appearances on CNBC, Bloomberg West, and RealVision.
Related Topics