Thursday, 19 October 2017

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“Inflation Alert”

Posted by
March 3, 2010
in Blog

“The 1970s was a decade of stagflation — the concurrence of a rising inflation rate and stagnant economic growth. The U.S. economy has not now reached the double-digit inflation rate (almost 15% by 1981), or the 9% unemployment rate, experienced back then. But the early ’70s, not the decade’s end, offer the more ominous parallels to today’s situation.” Read more.

 
Gerald P. O’Driscoll, Jr.