Stagflation - every economist's nightmare
"Stagflation is really a nasty word," said Victor Pugliese, with Broadpoint Securities in San Francisco. "The last time we had it, we had a terrible market."
US stocks tracked sideways through the 1970s as the nation grappled with oil shocks in 1973 and 1979.
Personal Income increased 0.3% in February; Spending increased 0.8%
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From the BEA: Personal Income and Outlays for February:
*Personal income increased $66.5 billion (0.3 percent at a monthly rate) in
February*, according t...
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