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Raoul Pal Talks What’s In Store for 2023 l Overpriced JPEGs #74

The Carly P Reilly Show

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Is It a Recession, a Mental Recession?

Retail sales are driven by the total amount of volume of goods. Because prices have gone up a lot, the volume can have gone down. So there's these weird things around inflation that we've not had to deal with. GDP growth is still by last measure, still positive. But for me and my forward-looking indicators, it looks like it's all about collapse. That's growth is going to collapse. Now, the markets might get a bit unnerved by that, but again, usually they should look forwards.

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