
While Americans struggle daily with inflation, and high gas and food prices, economists at investment firm Morgan Stanley added one more thing to the list.
There will be ongoing convulsions to the U.S. economy, which probably means your 401K will not look any rosier anytime soon.
Also according to Morgan Stanley, things like low interest rates and cheap debt will be becoming things of the past.
There are concerns that the volatile stock market could get even dicier by the specter of what was once thought impossible: Stagflation.
In short, that’s high inflation and a stagnant, or even shrinking, economy…
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Published on June 09, 2022 06:22