56 min listen
Daily Briefing – August 21, 2020 – W-Shaped Recession Isn’t Off the Table: Raoul Pal
Daily Briefing – August 21, 2020 – W-Shaped Recession Isn’t Off the Table: Raoul Pal
ratings:
Length:
47 minutes
Released:
Aug 21, 2020
Format:
Podcast episode
Description
Real Vision CEO Raoul Pal is joined by senior editor Ash Bennington to reflect on the future of markets at this unique juncture. Raoul begins by giving Ash a glimpse of how his “unfolding” thesis has evolved, particularly with regard to the dollar. The discussion of currencies naturally leads Raoul and Ash to talk about the ongoing meltdown of the Turkish Lira (TRY). Raoul explains the correlation between Bitcoin and the TRY and explores whether it’s a sign of capital flight by Turkish investors. After a brief detour into New York City’s woes, Raoul and Ash consider how this consumer-led recession is widening the divide between skilled and unskilled workers, as well as between the rich and the poor. They then discuss Joe Biden’s recent nomination, the upcoming presidential election, and the importance of evaluating markets in a non-partisan way. In the intro, Jack Farley notes a stark contrast in the PMI data between Europe and the U.S.
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Released:
Aug 21, 2020
Format:
Podcast episode
Titles in the series (100)
Adventures in Finance 7 - The Triggering: Article 50 and Brexit: Uncertainty reigns, as political and economic forces build before the historic negotiations which could alter the shape of Great Britain and the EU forever. In 'Things I Got Wrong', Bill Fleckenstein, CEO of Fleckenstein Capital discusses the mistakes... by Real Vision Daily Briefing: Finance & Investing