Stagflation: Q1 GDP much weaker than expected on inventory plunge as inflation comes in red hot… Jeremy Powell says that a US recession is likely. “This is what it takes to get inflation down.”
The trend is clear: the US economy is rapidly slowing down, in large part due to the “depressurization event” among small and medium regional banks, that has seen loan issuance grind to a halt. There was an almost palpable gasp …