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Persistent inflation, rising interest rates will weigh on global economy, OECD predicts

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By DAVID McHUGH

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Keep in mind, Global Govt. stimulus winding down fast, whether fiscal or monetary, as balance sheets and debt loads and servicing never worse, as tax revenues DROP.

Stagflation - Dead Ahead

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Persistent inflation and rising interest rates are the symptoms, the actual problem is out-of-control government spending.

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Agreed, inflation & rising rates go hand in hand, symptoms of many problems, including excessive Govt. Spending and Central Banking balance sheet expansion.

But let's not forget other contributing factors, especially damage to labor markets due to Covid, damage to supply chains due to Covid, Ukraine Proxy War and expensive re-shoring due to China risk to name a few.

Business bankruptcies, industry consolidation and profiteering, excessive margins also in the mix and might as well kick in growth of entitlement spending due to aging demographics globally!

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