The SentimenTrader Macro Index Model, a measure of economic activity, declined by 27% in May. That’s the 2nd most significant contraction in history.

Top economist Mohamed El-Erian says the market rally isnโ€™t a buy signal as stagflation looms. โ€˜I would take some chips off the tableโ€™

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Larry Summers argues inflation is way closer to the 1980s than people thinkโ€”and that a deep recession may be needed to bring it down

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