21 min listen
932: NASTY RECESSION IMMINENT WARNS MACRO GURU AS BITCOIN FORMS MASSIVE BULLISH TECHNICAL PATTERN!!
FromCrypto News Alerts | Daily Bitcoin (BTC) & Cryptocurrency News
932: NASTY RECESSION IMMINENT WARNS MACRO GURU AS BITCOIN FORMS MASSIVE BULLISH TECHNICAL PATTERN!!
FromCrypto News Alerts | Daily Bitcoin (BTC) & Cryptocurrency News
ratings:
Length:
25 minutes
Released:
May 18, 2022
Format:
Podcast episode
Description
Popular macroeconomic expert Raul Pal, thinks the world is going through a nasty recession period but remains confident that Bitcoin and crypto will be a viable investment class in the long term.
“My macro view is that we’re in recession, it’s going to be pretty nasty.
The Fed shouldn’t have done what they did but the bond market tightened for them anyway – the Fed didn’t actually do it, the bond market did it all. The Fed are going to have to unwind this mess, but it could get messy at first.
Using all the technical indicators that I look at, my view is if we are going to reach a proper bounce or a low, it happens in June. So we’ve got between now and June for everyone to freak out.”
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“My macro view is that we’re in recession, it’s going to be pretty nasty.
The Fed shouldn’t have done what they did but the bond market tightened for them anyway – the Fed didn’t actually do it, the bond market did it all. The Fed are going to have to unwind this mess, but it could get messy at first.
Using all the technical indicators that I look at, my view is if we are going to reach a proper bounce or a low, it happens in June. So we’ve got between now and June for everyone to freak out.”
Learn more about your ad choices. Visit megaphone.fm/adchoices
Released:
May 18, 2022
Format:
Podcast episode
Titles in the series (100)
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