Your Money Minute Is Stagflation Ahead 5/2/25
May 2, 2025
With concerns brewing over rising stagflation, experts draw alarming parallels to the troubling economic climate of the 1970s. Listeners are guided on how to prepare for potential financial challenges, including high inflation and unemployment. The discussion offers valuable insights into economic preparedness and the importance of staying informed about market trends.
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Understanding Stagflation
- Stagflation means simultaneous inflation and unemployment rising together.
- This unusual combination worries many due to its economic impact on jobs and prices.
1970s Stagflation Example
- The U.S. faced stagflation in the 1970s with rising unemployment and inflation.
- Causes included Vietnam War costs and manufacturing job losses, which slowed hiring.
Stagflation Risks Ahead
- We haven't had stagflation since the late 1970s but conditions are setting the stage.
- A rise in unemployment alongside inflation would confirm stagflation is imminent.