US STOCKS-Ghost of stagflation past spooks Wall Street


(Updates to close) By Ellis Mnyandu NEW YORK, Dec 17 (Reuters) - U.S. stocks tumbled on Monday on concerns that a persistent housing slump, combined with surging prices, posed the threat of 1970s-style stagflation. Government reports last week showed rising price pressures in November, while concern about the housing slump intensified after news that sentiment among U.S. home builders held at a record low for a third consecutive month in December. For details, see [ID:nN17398742]. ...

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