‘This ends badly,' Wall Street expert sounds alarm on 19% inflation risk

Gordon Johnson of the Wall Street analyst firm GJL Research had few words of comfort for his followers and even fewer of praise for the Federal Reserve once the February import prices data came out on March 25.Specifically, figures showed that import prices in the second month of 2026 rose by 1.3% and export prices by 1.5%, while the expected change for both was at 0.6%. Johnson took particular note of the fact that the increase covers the period before the start of the Iran war, implying dread about how th ...