5min chapter

The Macro Trading Floor cover image

Dario Perkins: Watch Out for Another 20% Drop in Equities

The Macro Trading Floor

CHAPTER

Is There a Recession Within Six Months?

Dario: I think the down turn that we have is not coming from monetary policy. Is coming from very high inflation squeezing people's real incomes. That's causing output to go down, because people naturally afford to buy less. It's like a huge tax on consumers. But i don't see an immediate response to this unfortunate which just adds to the kind of cocktail of doom for e finance market.

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