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Since the beginning of 2020, the number of headlines featuring the word “recession” from 150,000 news sources on the Bloomberg terminal has increased by 345%. With consumer prices roaring ahead, stagflation is imminent, right? Wrong, argues Matt Winkler. Economists surveyed by Bloomberg put the chances of a US recession at 30%. While that’s doubled since the end of January, it’s “not historically remarkable,” says Matt.