Signs of Stagflation with Jerry Bowyer » Audio Archive » MoneyWise

Signs of Stagflation with Jerry Bowyer


Christian talk radio with Rob West

July 13, 2022

If you’re a millennial or younger, you’ve probably never heard of stagflation, but it may be time to add it to your vocabulary. Rarely seen since the 1970s, stagflation is when inflation is high and economic growth is at a standstill or worse. Are we there yet? We talk about that with economist Jerry Bowyer today. Jerry Bowyer is an economist and MoneyWise contributor. Before addressing stagflation, Jerry Bowyer and Rob West address the recent Supreme Court decision overturning Roe v. Wade. What are the financial implications of that decision that Christians should know about? Bowyer notes that activists are currently pressuring corporations to oppose protections for the unborn and to offer abortion transportation reimbursement as a job benefit Christian investors will end up voting to punish pro-life states because the institutional investors use their votes. What do we need to do to be good stewards as current events unfold? The Wall Street Journal recently ran an article warning that stagflation could come back. Bowyer posted a quick response stating, What do you mean "could"? It is back. Inflation more than double historic rates and growth was negative Q1 and likely near zero now in Q2. The question isn't whether stagflation has come back, it's how long it will stay. Bowyer also tackles the following questions: - Are you standing by your statement that stagflation is already here? - What is your definition of stagflation and why is it something that we need to be concerned about? - What was it like for consumers back in the 1970s when we had prolonged stagflation? - Are those conditions here again? - Is Russia’s invasion of Ukraine the cause of high inflation and rising fuel prices? - Are there recent policy changes that may have contributed to the challenges we face today? - The Fed seems convinced that raising interests is the answer. Will that work? - What policy changes are needed to get rid of stagflation? - What can the average person do to lessen the impact of stagflation? You can read economist Jerry Bowyer’s insightful articles at ChristianPost. com. On today’s program, Rob also answers listener questions: ● Should a church put money in a financial investment? ● Is it a good idea to pay for long-term care insurance for an elderly parent?

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