There’s been a lot of talk in recent months about how different the current period is from bouts of "stagflation" in the 1970s and early 1980s. According to the BLS (Bureau of Labor Statistics), "inflation" peaked in 1980 at around 14 percent or so and many pundits today say that we’ll never see those levels ever again.They’re probably right ... but not for the reasons you might think.To explain why, it is helpful to compare today’s "inflation" to that which was reported three decades ago. An example of this appears below where the [...]
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[Source: The Money Blogs]
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