Post #3451784

Welcome to the recession phase of the current stagflation: The result is going to be a recession, very possibly a severe recession, and one that goes on for a very long time. It’s not obvious yet, because businesses are still spending huge amounts of money on things like AI infrastructure, but a lot of that spending is illusory, so it will vanish all at once, rather than gradually. https://www.philipbrewer.net/2026/06/28/welcome-to-the-recession-phase-of-the-current-stagflation/