Do Central Bankers Need Their Eyes Checked?

Real Vision: Finance & Investing

Real Vision

Business News, News, Investing, Business

4.1 • 1.1K Ratings

🗓️ 16 December 2022

⏱️ 34 minutes

🔗️ Recording | iTunes | RSS

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Summary

Markets sold off again today to close the week, down drastically from Tuesday morning’s post-CPI highs. The reversal comes as central bankers in the U.S. and abroad continued to hike interest rates despite mounting evidence of a looming recession. On today’s show, Warren Pies, the co-founder and strategist at 3Fourteen Research, joins Andreas Steno Larsen to discuss what 2023 will bring, what’s driving the action in energy markets, and why he believes it’s obvious that we’ve moved past peak inflation. According to Warren, we could be de due for a sharp disinflation trend that will bring opportunities. “The future belongs to the optimists, but, for now, the pessimists are in control,” Warren wrote in his 2023 outlook report. We’ll also hear from Felix Zulauf, the CEO of Zulauf Consulting, on the major geopolitical and economic volatility that lies ahead. Watch that entire Interview here: https://rvtv.io/3BFy1hI. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0	This episode is brought to you by Kraken Pro.
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0:13.8	Cryptocurrencies are unregulated in the UK, profits may be subject to capital gains tax
0:17.9	and the value of cryptocurrencies can go down or up.
0:28.8	Happy Friday, everyone.
0:29.8	This is Stinal from Real Vision speaking.
0:32.2	We are live with the concluding Real Vision Daily briefing of a big macro week.
0:37.8	We've had 50 basis points from the Federal Reserve.
0:40.9	We've had 50 basis points from the European Central Bank and we've had 50 basis points
0:44.9	from Bank of England.
0:46.6	But my guess today is very certain that we are staring directly into a disinflationary
0:53.4	scenario.
0:55.0	So should Central Bankers get their eyes checked?
0:58.1	That's the question of the day.
1:00.1	And my guess Warren Pys the co-founder of 314 Research is the guy to answer that question.
1:06.1	Welcome, Warren.
1:07.1	Great to be here.
1:08.1	Thanks for having me.
1:10.1	Warren, if we look at the rhetoric among the big three central banks, Bank of England,
1:16.1	the European Central Bank and the Federal Reserve this week, it doesn't sound as if they are
1:20.6	convinced that this inflation is upcoming.
	...

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