The ‘70s are coming back in a big way, and while that’s not so bad in fashion or in music, it’s safe to say that no one really wants that ‘70s economy back. That was the decade that brought stagflation, a nasty mix of high inflation, increasing unemployment, and stagnant job growth. Economists had long thought that combo impossible, but the economic mismanagement of the Carter Administration proved them wrong. At least one top economist, Mohamed El-Erian from Allianz, sees a stagflationary period on the way, in the form of a global economic crash that few nations will escape unharmed.
https://www.tipranks.com/news/article/mohamed-el-erian-says-stagflation-is-coming-here-are-2-strong-buy-dividend-stocks-to-protect-your-portfolio?utm_source=advfn.com&utm_medium=referral
Merck (NYSE:MRK)
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