Blain’s Morning Porridge/Bill Blain/2-25-2022
“The World has changed and changed utterly – although we may not realise it yet. We are likely on course for massive disruption, inflation, rising geopolitical crisis and uncertainty, and a high probability of stagflation. But – don’t tell anyone. Anyone for a choc-ice?”
USAGOLD note: The latest from Blain …… A dive into some of the deeper ramifications of Ukraine. “If your warning signals are not flashing recession and inflation = Stagflation,” he says, “then reset them. It looks a very high probability.” With that in mind, here’s the latest chart on the Misery Index through January 2022:
Sources: St. Louis Federal Reserve [FRED], Bureau of Labor Statistics
