“Stagflation is like a person having a cold (economic stagnation) while also having a high fever (inflation).
If it's just a cold, drinking some hot water (interest rate cuts) will suffice; if it's just a fever, covering up with a blanket and sweating it out (interest rate hikes) will do. But stagflation means that as soon as you cover up with a blanket (interest rate hikes), your body can't handle the weakness of the cold; as soon as you drink hot water (interest rate cuts), the high fever gets worse.
Logically, stagflation is the chronic form of recession. #美国“无王”抗议 #全球市场波动 $ETH
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