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Brian Domitrovic: Hi, Stagflation
We're officially here. Growth is negative and inflation is at 9 percent. It's 1974 all over again. In that year, all twelve months were spent in recession (one that lasted a year and a third) as prices rose at a double-digit rate. Out of obscure British usage a term became idiomatic in America: stagflation. It was not supposed to have
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Posted: April 29, 2022 Friday 10:35 PM