Markets Whipsaw, Inflation Brings Flashbacks To The ’70s
How is #inflation different now then the 1970’s? According to our #CEO @Ed Cofrancesco in his recent feature with @Russ Alan Prince for #Financial Advisor Magazine’s #PrivateWealth column, one of the main drivers for inflation in the 1970’s was caused by the cost of #energy, we also bought products that were produced domestically. “Today, much of what we purchase is made overseas and thus rising energy costs have a much greater impact on the transportation costs of goods sold in the #US today than in the ’70s,” stated Ed.
Read the full feature here: https://www.fa-mag.com/news/markets-whipsaw–inflation-brings-flashbacks-to-the–70s-68662.html