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TIP466: The Bear Has Arrived w/ Jeremy Grantham
We Study Billionaires - The Investor’s Podcast Network
Is There a Recession?
There's a lot of concern that we're entering into 19 seventies or eighties scenario, stagflation. As a historian, could you give our audience an idea of what was happening during that period and how it resembles to day? Well, every period is unique. The seventies had problems with the oil crises. And this time, if you adjust for the passage of time, the price of oil is not as high, but it's still multiplied by three times. And so that is imposing a pain on consumption, and its imposing inflationary pressure. We also have, because of the invasion of ukrane, we have had some extra spites in the price of food, fertilizer
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