Stagflation Now

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For those who follow such things: The Atlanta FED has a live GDP model (since the real GDP reports are done quarterly and are time-late for making decisions).

That downward green line shows that GDP is falling while interest rates are rising.

This is classic stagflation.

Buckle up. This is not going to be a smooth landing.

Source: https://www.atlantafed.org/cqer/research/gdpnow