Retire Soon
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- Nov 23, 2005
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Is the U.S. headed for stagflation, a condition where a recession occurs while the economy suffers concurrently with the negative effects of unrelenting inflation? The term, stagflation was coined in 1965 in U.K. and was used to describe our economy during the years of 1970 to 1981. During this very painful chapter in U.S. economic history , unemployment reached 9% while inflation soared to nearly 15%. A WSJ article in today's paper discussed this possibility. What do you think?
Fears of Stagflation Return As Price Increases Gain Pace - WSJ.com
Fears of Stagflation Return As Price Increases Gain Pace - WSJ.com