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Politics : Formerly About Advanced Micro Devices

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To: tejek who wrote (133284)2/21/2001 8:48:42 PM
From: Amy J  Read Replies (1) of 1570734
 
Hi Tejek, RE: "What happened after the last gas shortage in this country?"

Stagflation:

time.com

From the article:

"But if this keeps up, it means we're entering the worst of all worlds — one when inflation is going up, and economic growth is going down. That's stagflation, which we saw in the '70s, and it really ties the Fed's hands in terms of what it can do. It's way too early to sound the alarm on that just yet."
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