An economy can slow to a standstill on a “real” basis while growing rapidly in nominal terms; it happens in emerging economies all the time. But this dichotomous condition now afflicts most of the developed world.
Sep
08
2022
Tightening Into A Slowdown: Month Seven
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![Doug Ramsey / Chief Investment Officer & Portfolio Manager](https://leuthold.imgix.net/leutholdgroup.com/site_files/authors/DSC_3768_LR_Doug.jpg?h=150&w=150&fit=crop&fp-y=.15)