Inflation, Stagflation, and Recession: No Way Out

Real Vision: Finance & Investing

Real Vision

Business News, News, Investing, Business

4.1 • 1.1K Ratings

🗓️ 30 April 2022

⏱️ 37 minutes

🔗️ Recording | iTunes | RSS

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Summary

U.S. equity indexes traded lower today, with the Nasdaq Composite down 2.7% two hours before the close of regular trading and headed toward its worst month since 2008. The S&P 500 was down 2.3%, the Dow Jones Industrial Average 1.5%. Inflation remains the major overhang, with supply-chain disruptions as well as high food and energy prices only made worse by pandemic and war and the authorities’ responses to those crises. The Federal Reserve has turned aggressively hawkish, but its efforts to tighten monetary conditions into a slowing economy threaten to bring about recession. Raoul Pal joins Ash Bennington for today’s Real Vision Daily Briefing to talk about inflation, stagflation, and recession. Want to submit questions? Drop them right here on the Exchange: https://rvtv.io/3MDmdzM. To join Raoul on his multi-week journey of learning and discovery for global recession, Is Everyone Wrong, go to https://rvtv.io/3s0ep3d. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0	Do you hear that?
0:05.5	It might sound like nothing to you, but it's actually the sound of nuclear, wind and
0:10.0	solar energy.
0:11.0	At EDF, we're busy generating more British zero carbon electricity than anyone to help
0:16.8	keep future energy costs down for everyone and help cut UK carbon emissions to nothing.
0:22.6	Sound good to you?
0:24.2	Find out more about our zero carbon generation at EDFenergy.com-slash-help-imprinting.
0:35.5	Welcome to Real Vision Daily Briefing.
0:37.0	It's Friday, April 29, 2022.
0:39.8	I'm Ash Bennington.
0:41.3	Very excited today to be joined by our founder and CEO, Rao Pal.
0:45.5	But first, a look at U.S. equity markets.
0:48.6	Folks, frankly, it's been a bit of a blood bath out there.
0:51.7	Let's stack off over 4% on the day, settling down here.
0:55.4	Looks like 12,334 on the NASDAQ, S&P 500, also off more than 3.5% down to minus 3.63% closing
1:06.0	out the day at 4,131, Dow Jones industrial average, off 2.75% or 2.77% I should say number
1:14.1	is still bouncing around here a little bit at the close.
1:16.4	The VIX rising, 33 spot 70.
1:20.4	Rao, not a pleasant day in U.S. equity markets.
1:25.0	No, and I've sent out a few warnings.
1:27.0	I did the warning on Real Vision about this as well on the Daily Briefing last week,
1:31.4	saying, listen, this is an ugly market.
	...

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