Recent policy decisions in the United Kingdom have jeopardized the country’s economic well-being and financial stability, with the most vulnerable segments of the population facing the greatest risks. But with rapid and coordinated action, policymakers can still change course.
explains what policymakers must do to avoid further financial and economic upheaval.
The Great Moderation has given way to the Great Stagflation, which will be characterized by instability and a confluence of slow-motion negative supply shocks. US and global equities are already back in a bear market, and the scale of the crisis that awaits has not even been fully priced in yet.
sees the latest market turmoil as a long-anticipated reckoning for bad policies and negative supply shocks.