Latest News

Macro Guru Raoul Pal warns of an impending nasty recession

A well-known macroeconomic specialist believes the globe is in a recession, but believes that cryptos will be a viable investment class in the long run.

Real Vision CEO Raoul Pal tells host Caleb Silver on the Investopedia Express podcast that the Federal Reserve’s recent move to boost interest rates will exacerbate the economy’s problems.

“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.”

Pal believes that the major smart contract platform Ethereum (ETH) has fared pretty well in the face of inflation and the international sanctions that followed Russia’s invasion of Ukraine in February.

The macro investor is bullish about Bitcion and crypto in the long run, citing inflation as the reason why individual investors aren’t flocking to the market right now.

Despite the huge price swings that Amazon’s early investors experienced, the company has been fairly successful in the long run, according to the Macro Vision creator.

Related Posts – The Indian Finance Minister hails blockchain technology

Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Crypto is not a legal tender and is subject to market risks. Readers are advised to seek expert advice and read offer document(s) along with related important literature on the subject carefully before making any kind of investment whatsoever. Crypto market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.