Why this blast from the past might be making a comeback.
Along with bell bottoms, tie dye and platform shoes, the 1970’s marked a turbulent era that included the Watergate Scandal, rising oil prices and skyrocketing inflation where interest rates hit the 20 per cent range. Moving forward to our present day, inflation is once again front and centre. And, what began earlier last year as speculation that higher than average inflation would only be temporary or transitory, the situation is evolving with growing evidence that something called stagflation may be taking root.
* This article opens in a new window directing you to Manulife's Solutions for Financial Planning Magazine.
© 2023 Manulife. The persons and situations depicted are fictional and their resemblance to anyone living or dead is purely coincidental. This media is for information purposes only and is not intended to provide specific financial, tax, legal, accounting or other advice and should not be relied upon in that regard. Many of the issues discussed will vary by province. Individuals should seek the advice of professionals to ensure that any action taken with respect to this information is appropriate to their specific situation. E & O E. Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated. Any amount that is allocated to a segregated fund is invested at the risk of the contract holder and may increase or decrease in value.