Four Economic Regimes

The global economy is defined by four regimes, each of which combines a growth vector with an inflation vector. A period of accelerating growth in combination with rising inflation might be termed a [Jupiter-Uranus] ‘inflationary boom’, while a combination of accelerating growth simultaneous with falling inflation might represent a [Jupiter-Saturn] ‘disinflationary boom’. On the other side of the axis, a period of slowing growth combined with rising inflation is often termed [Saturn-Neptune] ‘stagflation’, and finally we might call a period of decelerating growth concurrent with falling inflation a [Saturn-Pluto] ‘deflationary bust’.