Miner Company
Fears of 1970s-style stagflation arise with oil spike to $100. How big a threat is it?
With oil spiking to $100 a barrel and the job market essentially paralyzed, the threat of stagflation again is looming over the U.S. economy and financial markets. High inflation and slow growth present a double threat, as stimulative measures such as interest rate cuts and government spending only aggravate inflation.
With oil spiking to $100 a barrel and the job market essentially paralyzed, the threat of stagflation again is looming over the U.S. economy and financial markets. High inflation and slow growth present a double threat, as stimulative measures such as interest rate cuts and government spending only aggravate inflation.