The Crisis of Inflation, the Cataclysm of War, and Where We Go From Here

Real Vision: Finance & Investing

Real Vision

Business News, News, Investing, Business

4.1 • 1.1K Ratings

🗓️ 12 March 2022

⏱️ 39 minutes

🔗️ Recording | iTunes | RSS

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Summary

Making a long-awaited return to the Daily Briefing, Real Vision co-founder and CEO Raoul Pal joins Ash Bennington to talk about inflation, economy, and, of course, the war in Eastern Europe. Governments around the world continue to react to Russia’s invasion of Ukraine, with the U.S. including $13.6 billion in aid to the latter as part of a $1.5 trillion spending bill and President Joe Biden suggesting an end to the latter’s “most favored nation” trade status. In another indication of an emerging deglobalization trend, Chinese tech stocks suffered their worst decline since October 2008 on increased regulatory scrutiny and fears of delisting from American exchanges. Raoul and Ash discuss the U.S. dollar, global trade, and the rising profile of cryptocurrency amid what remains the most interesting times most of us have yet experienced. Get your questions ready for Raoul, and drop them on the Exchange: https://rvtv.io/3pYiJyO Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0	Welcome to Real Vision Daily Briefing. It's Friday, March 11, 2022. I'm Ash Bennington,
0:11.1	and I'm joined today once again by Real Vision's own Rao Pal. Rao couldn't be happier to have you
0:16.8	back on the show. We got the old band back together. It's great to have you here. It's always
0:21.3	good to hate your dull sit times on a Friday and your smiling face. Well, I'm smiling because we're
0:26.7	doing Real Vision Daily Briefing together, what better way to cap out the week. Rao, obviously,
0:30.8	a tremendous amount happening right now. A lot of news cycle activity, a lot in geopolitics,
0:36.1	inflation, market volatility, big picture, what's happening, and how are you thinking about it?
0:41.8	So let's start with the geopolitics. I outlined it all on Monday. People haven't watched it. You
0:47.4	can go to the YouTube channel to find it or on Real Vision. Explaining the three outcomes,
0:52.5	we're still awaiting. I said there's a two-week window. We're in that window. Is there going to be
0:57.6	some sort of dirty, horrible compromise that everyone's a bit stink? You know that, but it
1:02.4	appeases the market, or is this going to get into something worse? We have to wait and see. So
1:06.8	the markets have been thrashing around trying to digest news flow, which is always why I've
1:11.4	said be careful of trading geopolitics. But there are more structural things going on
1:17.4	that are interesting. Obviously, equities are still in a bear market, whether they're trying to
1:23.7	find a low or something bigger. We don't know yet. My thought process is it's probably more likely
1:31.0	to be getting closer to a low. But if we start playing out the full recession card, which the
1:36.8	yield curve doesn't yet suggest, then okay, that could be different. So I'm looking at that.
1:42.4	I'm looking at the dollar. I'm looking at the bond market, looking at gold, looking at crypto.
1:48.9	So there's a lot of things to look at. Yeah, and much to talk about. By the way, I should say,
1:53.4	rather comments in YouTube right now are flying by so quick that I'm having a hard time scrolling
1:57.7	on them. But we should say we are doing an extended Q&A after this ends. I believe at 6.30 PM
	...

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