'The US economy “looks more like the 1970s than we’ve seen before,” he said earlier this week at a discussion hosted by the Economic Club of New York. He repeated that message in a Wall Street Journal interview published Thursday before the GDP report was released. “Things looked pretty rosy in 1972 — they were not rosy in 1973,” Dimon said.'
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Fears about stagflation are mounting in the US. It’s every central banker’s worst nightmare, April 25, 2024
Context[Thomas Hoenig] has a Dire Warning About Where We’re Headed - '..Household Expense Data .. for 80 Years''..the US economy is headed back to the 1970s'