Mark Yusko's Big Calls For 2023 | Weekly Roundup
Supply Shock
The Fed Isn't Going to Pivot to Cutting Any Time Soon
The Fed isn't going to pivot to cutting any time soon, which then how does money supply grow? The fact that they haven't called a recession means they can keep this nonsense of saying that so many companies have been born and die. I just think that's just bogus. Taking people out of the labor market when they turn 65 is just wrong. If they are going to price oil from Saudi to China, from Saudi to Russia to China, they're going to price that in rem and B instead of dollars. Demand for treasuries is collateral goes down, just does. And since October 24 dollars down like 12, 13 percent. And I think it's going down a lot.
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