which would be terrible news for stocks

According to JPMorgan, the United States is on the verge of stagflation, which is bad news for equities.

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According to JPMorgan, the US economy is on the verge of stagflation, which is characterised by poor growth and persistently rising inflation, prompting investors to choose equities over bonds. According to the company, we might be on the verge of a 1970s-style stagflationary scenario. “Equities were flat from 1967 to 1980, and with yields averaging … Read more

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