Energy markets are bracing for impact, and Stephen Miller isn’t mincing words — the surge in oil prices is setting the stage for a “stagflation lite” threat that could upend everything outside energy and defence.
As conflict escalates, his warning is clear: the longer oil stays elevated, the closer we drift toward recession territory.

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Stephen Miller

Stephen Miller is GSFM’s market strategist. His expertise in international economic and policy analysis, as well as domestic and global economic and financial market developments, has resulted in him becoming a regular commentator on central banks, rates and inflation.

Information provided is general information and is for educational purposes only, and does not include, or constitute as, financial product advice.