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from Ken Little The high price of oil and worries about inflation are going to replace concerns about a recession in many investors' minds this week. Although the recession is still with us, it is likely we have seen the last of interest rate cuts from the Fed for now. With oil gushing all-time highs, almost every segment of the economy will feel upward price pressure to recover increased energy costs. Of course, the perfect economic storm is a recession coupled with high inflation, better known as stagflation. That happened during our last major oil crisis in the 1970s when inflation topped 13 percent. | |
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