Real Vision Daily Briefing: Finance & Investing

This Is About the Fed's Volcker Worship

09.24.2022 - By Real Vision Podcast NetworkPlay

Download our free app to listen on your phone

Download on the App StoreGet it on Google Play

With global markets on the edge and investors concerned about a multitude of extant financial and potential political headwinds, Maggie Lake welcomes back Raoul Pal for today’s Real Vision Daily Briefing. “Are markets breaking?” sounds hyperbolic. But U.K. debt is being re-priced as if it’s issued by something less than a third-world country. And foreign-exchange markets “are presently screaming global depression, not recession,” as one prominent member of the FinTwit community put it. Maggie and Raoul talk about the global liquidity situation and how the Federal Reserve will respond to another mess of its own making. Indeed, as Raoul noted early Friday, “The central bank experiment of Volcker worship in a massively indebted economy is on its last legs in the coming month or two.”

Learn more about your ad choices. Visit podcastchoices.com/adchoices

More episodes from Real Vision Daily Briefing: Finance & Investing