MarketsInsider/Hamza Fareed Malik/4-12-2022
“One of the founding fathers of the euro believes the European Central Bank has been far too slow in responding to inflation and risks tilting the single currency bloc into ‘stagflation’, where prices continue to rise, while growth slows.”
USAGOLD note: Issing joins a growing number of heavyweight economists and analysts worried about stagflation. We recall that Alan Greenspan, a long-time advocate of gold ownership, warned as early as 2018 that we were headed for stagflation. Few paid attention. Few agreed. Now the concern is commonplace. Gold was the star investment of the stagflationary 1970s while stocks and bond languished.
