Forbes Video: ECRI: U.S. Headed For 'Stagflation Light'

By SIMON CONSTABLE

If you are old enough to remember the 1970s, then you’ll know that lava lamps and disco were only two of the horrors of the era. On the economics front, the U.S. was hit with stagnation and inflation at the same time. It came to be known as stagflation.

Unfortunately, a mild version of the same is set to arrive in the U.S. economy shortly. It’s what the Economic Cycle Research Institute calls stagflation-light. Watch, listen, and learn in this video.

Chris Li chrisli, CC0, via Wikimedia Commons