Bankless 118 - Raoul Pal | Should We Be Scared Right Now?
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May 16, 2022 
Raoul Pal, the Founder of RealVision and a prominent voice in macroeconomics and crypto investing, joins the discussion to dissect the current economic turmoil. He addresses the shaky state of the markets, touching on effects of inflation, debt bubbles, and the collapse of UST. Raoul shares strategies for navigating these chaotic times and suggests how to hedge against inflation. He also explores the future of tech stocks and the implications for emerging decentralized platforms, providing insights for both seasoned and novice investors.
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Market Outlook
- The current economic downturn is a complex situation involving supply chain disruptions, commodity price increases, and the war in Ukraine.
- This has led to a rapid tightening of monetary conditions, impacting consumer spending and potentially leading to a recession.
Market Correction
- The current market downturn is largely a reaction to excessive stimulus and market exuberance during the pandemic.
- This has led to demand destruction and a tightening of monetary conditions, even before the Fed's intervention.
Debt Bubble
- The current economic situation isn't a bond market bubble but a debt bubble driven by excessive financialization.
- This leads to lower interest rates due to an overleveraged economy with an aging population.