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PM Images Introduction Although the market is still at an all-time high, I'm increasingly encountering the S-word in articles. When dealing with markets and economics, it's the S that stands for "stagflation." Essentially, stagflation is the worst of both worlds, with "stag" standing for stagnation (no growth) and "flation" standing for the end of the word "inflation," which is positive year-over-year growth in prices. What's interesting is that the last time the U.S. had stagflation was back in the 1970s, ...