During
the last Stagflation, bonds were called «certificates of confiscation» by many professionals in fixed income.
Not exact matches
Victory for populism, another vote against inequality, raises risk of
stagflation, likely will provide one of the
last great opportunities to reduce exposure to bonds.
In May
last year, we were at significant risk of a downgrading in our international credit rating, with a catastrophic impact on public services, business and consumer confidence, a long period of
stagflation, and a contraction in the economy.
The bad times can
last a decade (e.g., the
stagflation era).