Watch part 2 of this interview on Bitcoin, gold price forecasts: https://youtu.be/pzBh67iEfeM
The Federal Reserve is engineering a slowdown of aggregate demand, the only way to combat inflation, said Alfonso Peccatiello, author of The Macro Compass.
Peccatiello tells David Lin, anchor for Kitco News, that what could end up happening as a result is a great destruction of wealth, especially in the real estate markets.
Follow David Lin on Twitter: @davidlin_TV (https://twitter.com/davidlin_TV)
Follow Kitco News on Twitter: @KitcoNewsNOW (https://twitter.com/KitcoNewsNOW)
Follow Alfonso Peccatiello on Twitter: @MacroAlf (https://twitter.com/MacroAlf)
Visit The Macro Compass Newsletter: https://themacrocompass.substack.com/
0:00 – What’s your trade?
4:00 – A slowdown in economic growth
5:00 – Neutral interest rate
6:10 – Fed rate hikes
9:20 – Shorting the stock market
10:39 – Real estate market
14:30 – Slowing down the aggregate demand
17:00 – Mortgage rates are rising
19:00 – European growth
21:00 – Global growth outlook
22:50 – War in Ukraine
24:39 – Global supply chain
27:30 – Things will get worse before they get better
28:44 – No more negative-yielding debt
#economy #inflation #Ukraine
__________________________________________________________________
Kitco News is the world’s #1 source of metals market information. Our videos feature interviews with prominent industry figures to bring you market-affecting insights, with the goal of helping people make informed investment decisions.
Subscribe to our channel to stay up to date on the latest insights moving the metals markets.
For more breaking news, visit http://www.kitco.com/
Follow us on social media:
Facebook – https://www.facebook.com/KitcoNews/?ref=br_rs
Twitter – https://twitter.com/kitconewsnow
StockTwits – https://stocktwits.com/kitconews
Live gold price and charts: http://www.kitco.com/gold-price-today-usa/
Live silver price and charts: http://www.kitco.com/silver-price-today-usa/
Don’t forget to sign up for Kitco News’ Weekly Roundup – comes out every Friday to recap the hottest stories & videos of the week: https://connect.kitco.com/subscription/newsletter.html
Join the conversation @ The Kitco Forums and be part of the premier online community for precious metals investors: https://gold-forum.kitco.com/
Disclaimer: Videos are not trading advice and the views expressed may not reflect those of Kitco Metals Inc.
source