Fastest Tightening, Recession Warning
Raoul Pal discusses the fastest tightening of monetary conditions in history, signaling a potential recession. With mortgages and interest rates skyrocketing, tech companies laying off staff, and global economies in lockdown, the market has already tightened before the Fed's intervention. Pal predicts more pain ahead before the Fed realizes the growth is gone, and suggests stimulus measures like direct transfer payments may be necessary to combat the recession.In this clip
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Bankless
118 - Raoul Pal | Should We Be Scared Right Now?
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