Nouriel Roubini's Vision for a New Safe Haven Asset
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Hello, and welcome to another episode of the Odd Lots podcast. I'm Tracy Alloway. And
I'm Jo Wiesenthal. Jo,
do you remember I think it was in 2022. Everyone was talking about stagflation.
Yes. Of course. Because we had right? Because we had, markets were low, so people were talking about recession. The Fed was hiking interest rates aggressively, and, inflation in 2022 was peaking. So it certainly seemed like we could have had the combo right then for essentially elevated inflation and some kind of recession.
Yes. And in fact, before we recorded this episode, I went back and I looked at, a Google Trends chart for the word stagflation, and, like, at the peak in 2022 is just amazing. And then it sort of fell off because we definitely had inflation. We didn't necessarily have lower economic growth. But I think now at the tail end of 2024, some of that stag flation talk is beginning to creep back into, I guess, the the economic discourse. Yeah.
A little bit. I mean, what I would say is I I would agree with you. There seems to be a couple things going on that are very confusing to say the least. Mhmm. But one is the sort of I don't know if it's acceptance or reality that, like, like, inflation has come down quite a bit, but maybe it's gonna keep bumping up against the ceiling or maybe it's gonna keep, like, bouncing off the floor, so to speak. Yeah.
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