Stagflation Is Your Base Case Scenario

Stephanie Coontz: I'm thinking in light of targets release, i think about walmart differently. Stephen wrote as former chairman of morgan stanley asia. He's now a yal university senior fellow. So stagflation is your base case scenario? Well, milly said, the stag flation scenario something i wrote about two years ago and worried more about the supply than the demand side. But now the demand side has really gotten away from the fed. Not even the markets are not even close to discounting the full extent of what's going to be required to bring the demand side under control.