MacroVoices #378 Ronnie Stoeferle: In Gold We Trust - Showdown
Macro Voices
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The Pessimistic Bulls Still Hope for Soft Landing
I think it's all about this narrative that has been created that Jay Powell is the new Paul Volcker. And I just don't buy into that narrative. If we have a look at track records of central bankers over the last couple of years, I still wonder why so many people still actually believe in the forecasts being made by central bankers. The end of the rate hike cycle is coming closer and closer. But I think that the majority of investors are still what I think gave them pessimistic bulls.
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