'..Another critical characteristic of the earlier inflation era was frequent temporary reversals in inflation, only to be followed by new peaks..'
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(Global Stagflation)(Inflation out of control) - Inflationary Psychology Has Set In. Dislodging It Won’t Be Easy.'“The monetary and fiscal policy mistakes of last year, which set this inflation off, are very alike to the 60s,” he said, likening recent price hikes to the 1970′s doggedly high inflation.''Historian Niall Ferguson warned Friday that the world is sleepwalking into an era of political and economic upheaval akin to the 1970s — only worse.
Speaking to CNBC at the Ambrosetti Forum in Italy, Ferguson said the catalyst events had already occurred to spark a repeat of the 70s, a period characterized by financial shocks, political clashes and civil unrest. Yet this time, the severity of those shocks was likely to be greater and more sustained.
“The ingredients of the 1970s are already in place,” Ferguson, Milbank Family Senior Fellow at the Hoover Institution, Stanford University, told CNBC’s Steve Sedgwick.
“The monetary and fiscal policy mistakes of last year, which set this inflation off, are very alike to the 60s,” he said, likening recent price hikes to the 1970′s doggedly high inflation.'
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‘Why shouldn’t it be as bad as the 1970s?’: Historian Niall Ferguson has a warning for investors, Sepetember 2, 2022
ContextECB's Blunt Press Statement Today Screams One Big Idea, Stagflation Has Arrived, September 8, 2022
(Global Stagflation)(Inflation out of control) - 'Eurozone Inflation Soars To 9.1%' - 'Dutch inflation jumps to 13.6%'(Global Stagflation)(Inflation out of control) - '..German inflation rose to its highest level in almost 50 years in August..''Let’s call it what it is: Epic Monetary Disorder.'(Global Stagflation)('..loss of central bank credibility..') - New era of inflation will bedevil central banks and bond markets(Banking Reform - English/Dutch) '..a truly stable financial and monetary system for the twenty-first century..'