Greenspan: US Entering ‘Very Tough’ Period of Stagflation

Former Federal Reserve Chair Alan Greenspan warns that America is entering a “very tough” period of stagflation as it emerges from economic stagnation.

“As the inflationary pressures which now seem to be building, we’ve just been through a long period of stagnation, we’re moving now toward what we used to call stagflation,” he told Fox Business Network. Stagflation is commonly defined as persistent high inflation combined with high unemployment and stagnant demand in a country’s economy.

Greenspan explained that the economic transition only appears positive in the short term.

“The short term outlook begins to look sort of slightly buoyant, because the inflation actually moves profitability, and you get a sense that maybe things are over. But that’s going to be a false dawn.”

Greenspan compared today’s economy to the 1970s.

“We’ve been through this period before of stagflation, back in the 1970s, and it’s going to be very tough to get



Leave a Reply

Recent Posts

Trump Supporters: Get Your 2020 'Keep America Great' Shirts Now!

Are you a proud supporter of President Donald Trump?

If so, you’ll want to grab your 2020 re-election shirt now and be the first on your block to show your support for Trump 2020!

These shirts are going fast so click here to check for availability in your area!


More Popular Stuff for Trump Supporters!

MUST SEE: Full Color Trump Presidential Coin (limited!)

Hilarious Pro Trump 'You are Fake News' Tee Shirt!

[Exclusive] Get Your HUGE Trump 2020 Yard or House Flag!