Mohamed Is Reading The Blog -- June 27, 2023

Locator: 45085ECON.

This is quite incredible.

Link here.

Mohamed says central governments will have to accept "higher inflation" as the "new normal." He doesn't posit a number, but it will be four percent. Trust me on that. Take it to the bank. 

Mohamed defines "stay-flation." Thank you so much. 

Stay-flation, as a three-legged economy tool, replaces "stagflation," a British economic term, no longer in play.

The screen shot:

On June 22, 2023, I posted the very same thoughts! Stay-flation:

• inflation goal reset to 4% -- not transitory, but long-term, if not a long-lasting goal
• a robust economy
• worries about unemployment / employment goes to the back burner

Recession?

• Germany is in recession.
• US: some analysts say US will follow; others say US will avoid recession.
• me? I'm agnostic. Don't care. 
  

From my June 22, 2023, blog that linked above:

What's easier to read?  Mohamed's rambling or the blog's bulleted data points? Rhetorical. Don't respond.