What Is Stagflation? Fisher Investments' Founder Ken Fisher Explains.

Fisher Investments’ founder, Executive Chairman and Co-Chief Investment Officer Ken Fisher reveals why stagflation-a term coined in the 1970’s to describe a period of high inflation and low economic growth-isn’t likely present in today’s economy.
Ken believes stagflation occurs when the real quantity of money increases at an accelerated rate and causes inflation to stick. He doesn’t see the real quantity of money-most appropriately measured by net bank lending-trending in an inflationary direction. He thinks inflation may linger longer than most hoped, but should eventually abate. While he acknowledges economic growth isn’t overly robust, he says the global economy is growing enough to escape stagflation. Ken also notes how the fear of stagflation could be a positive tailwind for markets if economic reality proves to be better than most expect.
For more of Fisher Investments thoughts on the markets, visit us at www.fisherinvestments.com.
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Investing in securities involves a risk of loss. Past performance is never a guarantee of future returns. Investing in foreign stock markets involves additional risks, such as the risk of currency fluctuations. The foregoing constitutes the general views of Fisher Investments and should not be regarded as personalized investment advice. Nothing herein is intended to be a recommendation. The opinions expressed are subject to change without notice.

[@michmch2806]

Love this channel! Keep up the great content!

[@johncarroll6910]

Thank you for putting out your videos. I find your point of view informative and helpful.

[@jimmeyer9648]

Thank you Mr. Fisher for your insights

[@southernc4919]

Great comments and insight. Thank you Ken

[@mangostickyrice555]

Thumbs Up 👍

[@maciejpoliwka]

Thank you!

[@michaelkarajan]

Thank you for your insights, Mr. Fisher

[@ogu0418]

Thank you ken!

[@DS-xn3yu]

Thank you so much for your insight! I like all video you give here.

[@denisetilley3559]

Thanks, Ken. I frequently turn to your videos when the market gets me a bit nervous.

[@ryantinney]

Love the fireside chats, although it is 90 degrees currently where I am.

[@tanatspp1489]

great explanation as always

[@stevenhomoki264]

Thanks Ken,
For a while I felt the markets have had too much negative noise driving these crazy markets. In my opinion, the use of stagflation was inappropriately used in the myopic media because there are so many job openings all over the place. Today, you can hardly drive or walk anywhere and see a help wanted signs. Back in the 1970's, during stagflation, we had to know someone, have a 4.0 GPA, and be the right place at the right time to find a job. I saw no help wanted signs anywhere back in the 1970's. Thus using stagflation is incorrect. I think once greater numbers of media outlets understand that stagflation is really not here, then the markets will return to normal.

[@user-xj2pu9cr6g]

Thanks master Yoda

[@Alan-wl5de]

great video

[@tubewatchingelephant]

Great video, as ever. Would be good to hear more about the factors that will cause inflation to be slower to recede (if it does) than when it came. It's not a symetrical curve. Why is that?
Also, if QE is deflationary, is the reduction of QE inflationary?

[@keanureeves9941]

I thought stagflation was the period where interest rates were rising AND inflation was still rising along with it. Is this not the case?

[@rustler160]

A wise investor once said that economic predictions are a form of alchemy

[@rustler160]

...but thank you for insights, it is very stimulating

[@chocdawg1234]

Sorcery! Blasphemous Sorcery.

[@user-mu8vq3ri7r]

time to long