Column: Recession? Depression? Warning signs evident in economy

Column: Recession? Depression? Warning signs evident in economy

Everyone should be prepared for inflation at levels beyond anything most people can remember. If you were born after 1970, you experienced prices being relatively stable your entire adult life until 2021, when inflation started rising, peaking at 6.5%. My generation experienced a much different scenario in the 1970s and 1980s, when inflation peaked twice, at 12% and 15%, only briefly falling below 4% a couple of times. Paul Volcker warned in 194…