Is the WORST CRISIS since World War II looming? – VisualEconomik EN
Western economies might be about to face a brand new main disaster, a sort of disaster the place on the identical time that employment is being destroyed inflation is skyrocketing. This sort of disaster is named “stagflation”, a phenomenon that may ring a bell for a lot of of you due to the well-known oil disaster of the Nineteen Seventies.
Nonetheless, take be aware! If an identical disaster have been to happen immediately, it might be far worse than just about any earlier disaster: we might now enter a cycle of defaults that might be the precedent of a brand new monetary cataclysm, a monetary disaster corresponding to that of the 2008 disaster.
However let’s decelerate for a second. What precisely is stagflation? What causes it? Do we’ve any actual indications that it’s really going to occur? On this video we are going to reply these questions!
