Akkam’s Razor

Seems like some of the econoblogs (and non-econ blogs and other sources) that I subscribe to such as Econobrowser, the NYTimes, Paul Krugman, Population Statistic, Jon Taplin, the Wall Street Journal, and the Big Picture are talking stagflation.

stagflation [wiki]: a portmanteau of the words stagnation and inflation, is a term in macroeconomics used to describe a period of high price inflation combined with slow output growth, high unemployment, or recession.

You may recall that both I and Google Trends forecast that trend some time ago. Running the same query again gives a different picture, especially across different countries and cities (for example, Europe is Googling ‘deflation‘ while the US searches for ‘stagflation‘).

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