Monday, June 9, 2008

Stagflation's Nasty (Musical Tribute)

Stagflation - every economist's nightmare

"Stagflation is really a nasty word," said Victor Pugliese, with Broadpoint Securities in San Francisco. "The last time we had it, we had a terrible market."

US stocks tracked sideways through the 1970s as the nation grappled with oil shocks in 1973 and 1979.


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