Brace yourself for the largest market crash in 60 years. The Consumer Price Index (CPI) numbers that came out on Friday were the worst in 42 years. The US economy is quickly entering stagflation – when inflation rises at the same time the economy enters a recession. The last time this happened was during the 1970s. In that period 60 years ago, the economy entered 3 recessions in 10 years, and the stock market dropped by 80%. We’re now on our way to the largest market crash since that period in the 1970s. And with the Fed meeting this week, we could see a massive market crash this week, perhaps the largest weekly decline in years.
