The Fed Will Sacrifice Investors To Beat Inflation

Real Vision: Finance & Investing

Real Vision

Business News, News, Investing, Business

4.1 • 1.1K Ratings

🗓️ 21 May 2022

⏱️ 37 minutes

🔗️ Recording | iTunes | RSS

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Summary

A surprise rate cut by the People’s Bank of China boosted equity futures early Friday, and stocks did open higher. But any optimism the Federal Reserve would follow the PBoC’s dovish example and not “hike until it hurts” faded before noon. "They are going to break inflation,” says Jim Bianco, “and if they break you along the way, so be it." The S&P 500 slipped into official “bear market” territory, and the Dow Jones Industrial Average is on track for its eighth consecutive down week, the longest such streak since 1923. Bianco, President of Bianco Research, joins Real Vision’s Ash Bennington to talk about the implications of a hawkish Fed and the possibility of a global recession. And we hear from Dario Perkins about the “tangible” opportunity that may follow this period of slowing growth. Want to submit questions? Drop them right here on the Exchange: https://rvtv.io/3wvTE24. Watch the full conversation between Dario Perkins and Raoul Pal here: https://rvtv.io/3wyGYYf. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:26.8	Based on customer numbers for verification email, advertising at Mailchimp.com.
0:31.8	Inflation, recession, stagflation.
0:34.8	Just what the hell is going on?
0:37.6	Hi there, thanks for tuning in to another Real Vision podcast.
0:41.0	So what the hell is going on?
0:44.0	We all want to know.
0:45.4	Here at Real Vision with debut at a special series called Global Recession is everyone around.
0:50.2	We've called on the world's best experts, including Julia Teclerc, David Rosenberg, Peter Syham, Pierre and Iran,
0:56.2	and many more to try and help us make sense of things.
0:59.4	These real experts would be giving real-vision members in-depth long-form analysis on the real stuff that's happening.
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1:14.4	So head to RealVision.com, slash Global Recession.
1:17.4	That's RealVision.com slash Global Recession to join us on this epic two-week journey of discovery.
1:33.4	Welcome to the Real Vision Daily Briefing.
1:35.4	It's Friday, May 20, 2022.
	...

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