23 min listen
Global Markets Preparing for '1929-Like Scenario' | Bloomberg Intelligence
Global Markets Preparing for '1929-Like Scenario' | Bloomberg Intelligence
ratings:
Length:
18 minutes
Released:
Oct 17, 2022
Format:
Podcast episode
Description
"It's hard for the Fed to be much more aggressive than the are with the world tilting toward recession," says Mike McGlone, commodities strategist at Bloomberg Intelligence. He says this a 1929-like scenario for international markets, and tells our Daniela Cambone that a bear market is now mainstream. Monetary supply is plunging for the U.S., which he says is a key indicator to pay attention to. Gold under the lens of other currencies besides the U.S. dollar is, "doing what it should be doing and protecting wealth." McGlone concludes that other assets like bitcoin are at their most significant discount in a while, which he believes will cause the digital token to climb to $100,000 per coin. Please see missing charts at links at the top of the video, we apologize for the inconvenience.
Released:
Oct 17, 2022
Format:
Podcast episode
Titles in the series (100)
U.S. Stocks Sink, But It’s Still No Bear Market... It’s China That’s Headed For Catastrophe: The recent sell-offs seen in the U.S. stock market are, "a pullback in an otherwise bull market, and we don't see the signals the a bear market is coming," says Joel Litman, founder and CIO of Altimetry. "Bad inflation is currency devaluation," he... by The Daniela Cambone Show