Mideast Instability: Could It Lead to Stagflation?

Nouriel Roubini, Slate
Political turmoil in the Middle East has powerful economic and financial implications, particularly as it increases the risk of stagflation, a lethal combination of slowing growth and sharply rising inflation. Indeed, should stagflation emerge, there is a serious risk of a double-dip recession for a global economy that has barely emerged from its worst crisis in decades.Severe unrest in the Middle East has historically been a source of oil-price spikes, which in turn have triggered three of the last five global recessions.

Source: http://www.realclearpolitics.com/2011/03/15/mideast_instability_could_it_lead_to_stagflation_252074.html

Mark Udall Mark Warner Mary Landrieu Max Baucus Michael Bennet