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ML194: Raoul Pal on Russia-Ukraine, Investing in Uncertain Times & The Tokenisation of Culture
MetaLearn Podcast
The Fed's Assumption That They're Going to Be Raising Rates?
Rising prices on a massively indebted economy is basic a massive monetary tightening. The probability of a recession is nowr 90% to 80%. And we're seeing in consumer sentiment indicaters i the united states where people are thinking, filling the pinch. An, it's a very big pinch, on factrs, the biggest pinch since 19 80. In 19 73 when we had the oil crisis, er, 73, 74, with the oil embargo, what happened was growth collapsed. That's what's going to happen.
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