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The Federal Reserve is engineering a slowdown of aggregate demand, the only way to combat inflation, said Alfonso Peccatiello, author of The Macro Compass.
Peccatiello tells David Lin, anchor for Kitco News, that what could end up happening as a result is a great destruction of wealth, especially in the real estate markets.
Follow David Lin on Twitter: @davidlin_TV (https://twitter.com/davidlin_TV)
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Follow Alfonso Peccatiello on Twitter: @MacroAlf (https://twitter.com/MacroAlf)
Visit The Macro Compass Newsletter: https://themacrocompass.substack.com/
0:00 – What’s your trade?
4:00 – A slowdown in economic growth
5:00 – Neutral interest rate
6:10 – Fed rate hikes
9:20 – Shorting the stock market
10:39 – Real estate market
14:30 – Slowing down the aggregate demand
17:00 – Mortgage rates are rising
19:00 – European growth
21:00 – Global growth outlook
22:50 – War in Ukraine
24:39 – Global supply chain
27:30 – Things will get worse before they get better
28:44 – No more negative-yielding debt
#economy #inflation #Ukraine
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