Stagflation calling - Solutions For Financial Planning*
Why this blast from the past might be making a comeback.
Along with bell bottoms, tie dye and platform shoes, the 1970’s marked a turbulent era that included the Watergate Scandal, rising oil prices and skyrocketing inflation where interest rates hit the 20 per cent range. Moving forward to our present day, inflation is once again front and centre. And, what began earlier last year as speculation that higher than average inflation would only be temporary or transitory, the situation is evolving with growing evidence that something called stagflation may be taking root.
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