GoldFix

GoldFix

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GoldFix
Stagflation

Stagflation

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VBL
Feb 07, 2022
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Stagflation
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Rabobank: S-T-A-G-F-L-A-T-I-O-N

By Michael Every of Rabobank via Zerohedge

Economic data had their own drama for once yesterday. Eurozone inflation was far too high at 5.1% y/y vs. 4.4% expected, while the US ADP employment number was far too low at -301K vs. 180K expected. **S-T-A-G-F-L-A-T-I-O-N**. The only argument is how much stag and how much flation…

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