President Joe Biden and U.S. officials including Secretary of State Antony Blinken are sounding the alarm on a potential impending Russia invasion of Ukraine. That’s adding to pressure on equity markets, as one prominent economist warns of the stagflationary risks if there is indeed military conflict.
“If it were to get worse — which is a big if — a very strong stagflationary wind would blow through the global economy,” Mohamed El-Erian, president of Queens College at Cambridge…
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