$XAU
The service sector is already starting to roll out the stagflation script—crazy, right? On the one hand, bosses are frantically laying people off; on the other, they’re madly shifting their costs onto us. This time, let’s see who still dares to insist that inflation is fine. With stagflation knocking at the door, liquidity is going to start shrinking back and becoming cautious too. If you don’t have extra reserves in your hands, you’re really going to take a couple of heavy blows.
The service sector is already starting to roll out the stagflation script—crazy, right? On the one hand, bosses are frantically laying people off; on the other, they’re madly shifting their costs onto us. This time, let’s see who still dares to insist that inflation is fine. With stagflation knocking at the door, liquidity is going to start shrinking back and becoming cautious too. If you don’t have extra reserves in your hands, you’re really going to take a couple of heavy blows.