[debono]

You cannot have a recession and inflation at the same time.

Inflationary growth is economic growth (nominal terms at least).

Recession is when things fold and consolidate. Biz close, job loss etc. In such condition prices will not go up.

Perhaps you were support the view of a stagflation then. If that really the view then go defensive stocks then. But wait for it to collapse then buy, else you time when to short everything when the avalanche comes.

So is it time for us to buy blue chips.....?