Time doesn’t wait for readiness. In 5 years, you’ll either look back at TODAY as the day you started, or the day you almost did. Both happen in the same moment. Only one of them moves you forward.
The real trap isn’t panic selling. It’s “value investing” into a world that no longer exists. If rates stay high, multiples compress permanently. A stock that fell 40% can still be expensive if earnings fall 50%.
Most people think contrarian means buying what others are selling. Real contrarians ask: “What does the consensus assume about the future, and what if they’re right?” Sometimes the crowd is scared for good reason.
In an environment such as we have now, I'm curious how analysts distinguish job cuts being caused by AI from those being caused by an approaching recession. And my how companies like to hide their job cuts with euphemisms and scapegoats.
Companies have mastered the art of the double cover. They’ll blame “market conditions” when AI did the cutting, because “AI replaced us” is a PR nightmare. The euphemism is a shield for the stock price.
Most people think recessions cause layoffs. But I think we’re entering a new era where AI causes the cuts, and a recession just takes the blame. Timing and coincidence have never been so convenient for corporate PR.
The real danger isn't stagflation itself. It's what governments do in response. Price controls, capital controls, emergency spending bills. Every short-term "fix" in the 1970s made things worse.
"The best time to start was 10 years ago. The second best time is today." Suscribo 100% con esta frase. Gracias por el contenido, Andrew.
Time doesn’t wait for readiness. In 5 years, you’ll either look back at TODAY as the day you started, or the day you almost did. Both happen in the same moment. Only one of them moves you forward.
Most people hear “extreme fear” and think opportunity.
Sometimes it is.
But fear only becomes a buying edge when price has fallen further than the earnings power.
If inflation stays hot and growth stays weak, the market is not mispricing emotion.
It is repricing the environment.
The real trap isn’t panic selling. It’s “value investing” into a world that no longer exists. If rates stay high, multiples compress permanently. A stock that fell 40% can still be expensive if earnings fall 50%.
Most people think contrarian means buying what others are selling. Real contrarians ask: “What does the consensus assume about the future, and what if they’re right?” Sometimes the crowd is scared for good reason.
Thank you for reading!
In an environment such as we have now, I'm curious how analysts distinguish job cuts being caused by AI from those being caused by an approaching recession. And my how companies like to hide their job cuts with euphemisms and scapegoats.
Companies have mastered the art of the double cover. They’ll blame “market conditions” when AI did the cutting, because “AI replaced us” is a PR nightmare. The euphemism is a shield for the stock price.
Most people think recessions cause layoffs. But I think we’re entering a new era where AI causes the cuts, and a recession just takes the blame. Timing and coincidence have never been so convenient for corporate PR.
Thanks for reading!
Stagflation is the one word no one wanted to hear in 2026, yet here we are. Great article!
The real danger isn't stagflation itself. It's what governments do in response. Price controls, capital controls, emergency spending bills. Every short-term "fix" in the 1970s made things worse.
So is the market overreacting here, or still not pricing enough pain?