NEWSMAX
Navarro to Newsmax: 'Perfect Storm of Stagflation Coming at Us'
(Newsmax/"Eric Bolling The Balance")
By Charles Kim | Monday, 11 April 2022 06:54 PM
Senior adviser to former President Donald Trump, Peter Navarro, told Newsmax Monday that there may be a “perfect storm of stagflation coming at us,” according to economic indicators, including a report due out tomorrow that he believes will have inflation at 8.4%.
“There's going to be a report coming out, and estimates say it's going to hit 8.4% inflation in March,” Navarro said during “Eric Bolling: the Balance” Monday. “That's the highest since December of 1981, and that was the high-water mark of the stagflation era of the 1970s (that) bled into the early 1980s, and lead to (Former President Ronald) Reagan beating (Former President Jimmy) Carter (in 1980).”
Navarro said that while being “cliché,” there could well be a “perfect storm of stagflation” coming our way.
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READ MORE: https://www.newsmax.com/newsmax-tv/navarro-inflation-stagflation-money/2022/04/11/id/1065296/