We believe Chair Powell's Fed sees inflation as a real risk - no - a massive threat due to possibility of persistent, sticky inflation - the kind that resulted in an almost 50% drop in S&P 500 from 1972 to 1974
How much will that hurt? Well, the combined market cap of S&P 500 constituents is roughly $45 trillion. So a 50% decline in the index would mean a loss of more than $20 trillion in value.
how bad can things get if there is another recession?"
#8 | POSTED BY CORKY
We're about to find out.
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