The Market's New Fear: A Word That Crushed 1970s U.S.

Superstitions are funny. Actors won’t say “Macbeth” in a theater, baseball players won’t talk to a pitcher when he’s throwing a no-hitter, and White House staff won’t say “recession” when the economy turns sour. And no one ever wants to even whisper the word “stagflation,” which got a four-pronged boost this past week. Read Full Article »