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For economists, especially those who’ve studied or even lived through the Seventies, there’s no scarier word than… stagflation. The mere mention of it fills market-watchers with dread.
The word, and the concept, are a British import from the Sixties – probably better it was just the Beatles – during a prolonged stretch of low-to-no economic growth, spiraling prices, and elevated unemployment over there. We went through it in the Seventies, starting with the Nixon Shock and subsequent ‘73 oil crisis and didn’t come out of it until around 1982.
So, for tonight’s trick, we’ll look at all the signs I’m seeing that point to a return of the old market bogeyman. There are plenty out there if you know where to look.
And the treat? There are plenty of opportunities to prepare for and even profit from it.
Turn out the lights – let’s get started…
