“I Fear For Our Nation” Authored by Charles Hugh Smith via DailyReckoning.com, Are we going to be reliving the 1970s? Perhaps we will experience the stagflation of the 1970s in this decade, as financial excesses are worked out and monumental investments to retool our industrial base and infrastructure place a drag on productivity and profits. There is substantial logic in that scenario. As the charts below illustrate, stagflation also crushed the stock market’s speculative dynamic. In the financial realm, That ’70s Show was characterized by a massive devaluation of the purchasing power of stocks as a result of elevated inflation and an… — Continue at ZeroHedge News : Read More
