The Building Blocks Of A Global Stagflationary Shock Are Falling Into Place

The Building Blocks Of A Global Stagflationary Shock Are Falling Into Place By Peter de Groot, Head of Macro Strategy at Rabobank The Inflation Regime That Doesn't Fade As we noted at the outset of the Gulf conflict, history rarely repeats – but it often rhymes. The closure of the Strait of Hormuz is increasingly revealing a familiar pattern: the building blocks of a global stagflationary shock are falling into place. A closer look across inflation indicators in advanced economie...