To preface: I’m not super interested in a conversation about whether stagflation is/isnt/will/will not happen in the US economy.
But if that’s your thesis, how do you invest around it? Cash seems inefficient, but so does -1% on an index fund over the next six months. Maybe real estate? e.g. I have some REIT equities that have been doing OK, and we’re putting aside money to recast our mortgage.