The Bank of England Goes Big and Gets Scary

Real Vision: Finance & Investing

Real Vision

Business News, News, Investing, Business

4.1 • 1.1K Ratings

🗓️ 5 August 2022

⏱️ 36 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

The Bank of England announced its biggest rate hike since 1995 and forecast “long recession,” including five consecutive quarters of negative growth beginning in late 2022, as global central banks continue to take drastic measures to combat the worst inflation in nearly half a century. In the U.S., more data suggest the labor market is cooling off, as initial claims for unemployment insurance returned to pre-pandemic levels last week. The BoE’s problem may be more acute than the Federal Reserve’s because of the former’s proximity to Europe’s energy crisis. As Darius Dale tweeted today, there are positive catalysts out there, including the deal between Coinbase and BlackRock to make crypto trading easier for institutions. The question is how to interpret them. Darius, the founder and CEO of 42 Macro, joins Maggie Lake to talk about that and much more on today’s Daily Briefing. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0	Hey everyone, if you like this podcast, you should check out the full finance journey at
0:07.8	realvision.com slash RVPod to get the full view of what real vision is all about.
0:12.8	A video on demand platform, you can watch anywhere.
0:16.2	Our members get daily videos and analysis, plus access to more than 3,000 videos for beginners
0:21.4	and experienced investors alike, and live events online.
0:25.2	You'll join the most thoughtful community in finance.
0:28.0	There's in 300,000 people who trust real vision to be the anchor to truth in the financial
0:32.4	world.
0:33.4	To get started, visit realvision.com slash RVPod.
0:36.4	Use the promo code podcast 10 to get 10% off our essential membership for your first
0:41.4	year.
0:42.4	Enjoy the show.
0:53.2	Investors are stuck in a tug of war.
0:55.1	On one side, we have central bankers, which are trying to convince us all that they are
0:59.0	serious about inflation and are going to keep hiking rates.
1:02.2	And on the other side, bond investors who remain unconvinced, which side is right and
1:06.9	what will it mean for your investments?
1:09.3	Hey, everybody, that's the question we're going to try to answer today.
1:11.8	I'm Maggie Lake, here with Darius Dale, founder of 42 macro.
1:16.7	Hi, Darius.
1:17.7	How you doing?
1:18.7	Maggie, it's great to see you.
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Real Vision, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Real Vision and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.