Episode 77 | Clive Ponsonby - former JP Morgan FX Trader
A TRADER'S LIFE
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The Fed's Hikes in the Medium-Term
I think there will be a recession. But I think that, you know, in some ways, a recession is the only way to drive down the pressure. You destroy some demand by people using their jobs and having this money to spend can take some inflation away. It's very difficult to break inflation without triggering a recession. The key thing really is that so many markets correlated with the mass yield. If America catch, if America's disease,you know, Europe is cold. That's the expression.
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