
MacroVoices #344 Alex Gurevich: A Deflationary Depression Lies Ahead
Macro Voices
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Is This a Fake Break or a Recessionary Environment?
US is driving itself into the ground relentlessly and China is kind of in trouble too so we have three biggest regions in the world synchronously going into kind of recessionary environment. Energy prices are probably going to stay high until we see dramatic shrinkage of demand so that acts as tightening and central banks are draining out liquidity this is a very negative situation, I don't know how to get out of it. It seems to me that watching what happens here is about the most important thing that an investor can do because either you're right in which case this head fake is going to continue to frustrate people like me who think that this is going much lower.
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