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People Moves: McGriff Restructures Personal Lines Operations; Tinubu Appoints Edwards as Surety COO

Retail broker McGriff said it has restructured its personal lines operations to allow for direct support to the private client sales and service functions

J P Morgan Private Bank announces new U S Family Office Practice

What Is Stagflation?

Stagflation occurs when economic growth slows and the unemployment rate spikes. The 1970s are known for many things, but the one economists are most likely to recall is stagflation, the combination of high inflation and unemployment that can cripple an economy and investor portfolios."Stagflation is a serious risk for investors because of its persistence," says Michael Rosen, chief investment officer and co-founder of Angeles Investments. "That is, stagflation is rarely a transitory event and it

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