As we all gradually get over the massive economic and societal hurdles the Covid-19 pandemic brought about, the U.S. economy is sliding into more drama: inflation and recessions.
Dr. David Phelps, author of Inflation: The Silent Retirement Killer explains, “We’ve had 40 years, from 1980 to 2020, where we’ve had disinflation and low interest rates, but then we turn a corner to face completely new rules.”