First published by Money Metals Exchange here: https://www.moneymetals.com/news/2023/12/26/what-would-it-take-to-get-a-depression-002897
<p><img src='https://www.moneymetals.com/uploads/content/what-would-it-take-to-get-a-depression-social.jpg'/></p>So far this year, my base case on the economy has been that we&#039;re repeating the 1970&#039;s stagflation. With a first bout of high inflation followed by a period of rapid GDP growth that ends in a second, even worse, stagflation. Going by the 70’s, that second stagflation could go on for a long time considering the last one was only ended by a brutal series of engineered recessions that cost Jimmy Carter his job.