This is where we are and, because it's a relatively slow motion crisis we seem to be able to ignore it. A bit like climate change I guess
Mohamed A. El-ErianRemember that simple 4-stage economic framework I shared with you at the start of the Middle East conflict? It’s important to recognize that our current inflation concerns are a direct part of this progression, which started with a concentrated price shock (energy and borrowing costs -- Stage 1)...