This Is About the Fed's Volcker Worship

Real Vision: Finance & Investing

Real Vision

Business News, News, Investing, Business

4.1 • 1.1K Ratings

🗓️ 24 September 2022

⏱️ 46 minutes

🔗️ Recording | iTunes | RSS

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Summary

With global markets on the edge and investors concerned about a multitude of extant financial and potential political headwinds, Maggie Lake welcomes back Raoul Pal for today’s Real Vision Daily Briefing. “Are markets breaking?” sounds hyperbolic. But U.K. debt is being re-priced as if it’s issued by something less than a third-world country. And foreign-exchange markets “are presently screaming global depression, not recession,” as one prominent member of the FinTwit community put it. Maggie and Raoul talk about the global liquidity situation and how the Federal Reserve will respond to another mess of its own making. Indeed, as Raoul noted early Friday, “The central bank experiment of Volcker worship in a massively indebted economy is on its last legs in the coming month or two.” Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:36.0	Are the markets breaking?
0:37.3	Hi everyone. Welcome to the Real Vision Daily briefing.
0:39.9	Rao Powell is here with us. It's been one hell of a day, Rao.
0:43.5	So we're really happy to have you with us this Friday.
0:46.1	It has been quite the day. It's been
0:47.8	bringing for quite a while and now it's quite the day.
0:51.0	Yeah, it is. And I think it's important to say,
0:53.5	we try really hard not to be alarmist here.
0:56.2	But it felt like that was the right question to ask today.
0:59.2	I saw a huge amount of concern from usually pretty level-headed people coming through on Twitter.
1:05.2	You know, it was coming through in some of our editorial meetings.
1:07.6	I saw your Twitter feed today.
	...

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