When is the last inflationary period that wasn’t followed by a recession?
“When is the last inflationary period that wasn’t followed by a recession?”
In my memory they all have led to a recession. But in one case it took 9 years, 65-74. The Bond Market isn’t saying there won’t be one, it’s just saying, “Not yet”. It will also let us know when it thinks it’s getting closer. All predictions have to adjust to events that follow the initial prediction.
“When is the last inflationary period that wasn’t followed by a recession?”
Too ignorant to know that. Wikepedia says ‘recession’ doesn’t have an exact mathematical definition.
We might avoid a recession because employment, wages and GNP behaviors don’t cause the economists declare a recession.
We’ll keep working, wages and GDP won’t decline. The big shots will be richer.
The experts and politicians will brag that they guided us away from a recession, but the average citizen will be poorer because the buying power of his wages and savings has diminished.