Looks a Lot Like Stagflation&
A dark memory still haunts the U.S. economy: The Great Stagflation of 1973-80, a time defined by an uncomfortable mix of high inflation and stagnant growth. Well, everything old is new again, as they say: A number of recent economic reports point to an early 21st century return of the two-headed beast. While nostalgia can be nice—1973 brought delights including the Academy Award-winning best picture American Graffiti and Roberta Flack's classic ballad Killing Me Softly—this is one relic of the not-so-distant past that's best left to the history books.
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