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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.
NAHB: Builder Confidence Increased Slightly in December, Negative territory
for 20 consecutive months
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The National Association of Home Builders (NAHB) reported the housing
market index (HMI) was at 39, up from 38 last month. Any number below 50
indicates th...
2 hours ago
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