Clearly the economy is slowing because the bubbles are over and the easy money is history...but not before it caused an inflation in commodities...like oil and gas.
Now comes the Stagflation phase... Stagflation is the way we "do recessions" in the post gold standard economy...
You'd think that there would be more discussion of this... But the experts persist in saying: "We don't know what causes Stagflation." Still, it's obvious that they do know...they just don't want to go there.
