Armstrong quip yesterday
“Will Russia’s economy eventually exceed that of Germany? The answer is yes, just as China will surpass the United States. The West is collapsing. World GDP has been in a bear market since the late 1970s. The economy is moving into a recession as we spiral toward 2020. We will then enter STAGFLATION — rising prices with declining economic growth — between 2020 into 2024 with another hard decline thereafter into 2028.”
Stagflation definition:
Stagflation is a combination of stagnant economic growth, high unemployment, and high inflation. It’s an unnatural situation because inflation is not supposed to occur in a weak economy. Consumer demand drops enough to keep prices from rising. Slow growth in a normal market economy prevents inflation.Nov 10, 2018
https://seekingalpha.com/article/4181926-alan-greenspan-right-stagflation-coming-time-win
https://www.bullionvault.com/gold-news/stagflation-051420181
- Withdraw Cash. The first thing to do once you realize the economy is in a state of stagflation is to take your cash out of low-yielding money market accounts, savings accounts and certificates of deposit. …
- Find the Profiting Companies or Industries. …
- Invest in Commodities.