Stagflation Investing: What you need to know There has been increasing chatter that stagflation is upon us. Stagflation is a term that is used to describe the phenomenon of increasing inflation and declining growth. The last time that stagflation reared its ugly head was back in the 1970s and that decade was marked by runaway inflationary pressures and stagnating economies (with high unemployment rates) for many developed economies, triggered by an oil shock. Of late, we are increasingly reading reports that the risk of stagflation is once again upon us, this time triggered by a worsening COVID-19 situation despite global economies looking to ramp up their vaccination rates. Hence, I thought it will be useful to highlight the notion of stagflation investing and how to position one’s portfolio to combat the rising risk of stagflation. Reflation vs. Stagflation Reflation is the scenario where a strong pick-up in economic growth...