Inflation is Out of Hand, Growth is Volatile, Seeing Stagflation

<p>We are going from overheating in the fourth quarter to lower growth and higher inflation and back to stagflation in Q1, Q2. Q3, and beyond, says Nouriel Roubini of Roubini Macro Associates. Deep stagflation shock is a nightmare scenario for central banks, he explains. Global equities may move from correction range into bear market territory, he adds. </p><p><br></p>