Macro investor and real vision CEO Raoul Pal recently dropped his macro outlook amid the ongoing global economic meltdown in a string of tweets. According to the macro guru, almost 40% of the world’s GDP has been destroyed in the current macro environment. According to the macro guru, this presents a buying opportunity for the younger generation but does not bode well for the baby boomers, who will be left with some pretty difficult choices, especially if the housing market collapses, as he has explained in many of his interviews. Raoul Pal expects a long, drawn-out recession that will likely wipe billions of dollars off the markets. However, he believes it will present a buying opportunity in two sectors; the crypto and the tech sectors, as more younger investors look to avoid getting caught in the fallout.
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We are going to examine Raoul Pal’s tweets on the current macro environment and what investors can expect. In some of Raoul Pal’s latest tweets, the macro gear shares what he tags his not-so-fun macro thoughts where he talks about inflation and its effect on the global economy. Here are the tweets:
In the fight to bring down inflation, the U.S. Federal Reserve, for instance, has embarked on quantitative tightening efforts to reduce its 9 trillion balance sheet, but this is being done on such a large and unprecedented scale that the previously ailing financial markets are now showing telltale signs of trouble.
The younger generations still have more years to work and regain these losses, but the same cannot be said for the boomers, many of whom may now have to work longer to try to recoup their stock market losses and falling bond values. In his tweets, Pal notes that inflation would have been just as devastating for the older generation.
Raoul Pal also rolls out a string of pretty difficult choices for boomers. In light of the current macro environment, his tweet reads:
You can clearly see as Raoul Pal goes full circle in his tweets that the economy was in trouble, so the central bank swooped in to save the day by pumping more dollars into the system. This sent prices skyward. Then they did a rethink and started pulling back the money even more quickly. They pumped it in, essentially creating more problems.
Ironically, one viable solution, albeit a temporary fix, is a return to quantitative easing, which takes us back to where we started. In his tweet, Pal declares that young people are now left with two choices if they want to avoid the economic woes, one of which is the crypto sector.
In an earlier tweet, Pal also talks about a major indicator, the purchasing manager’s index, which he believes will incentivize the Fed Reserve to switch back to rate cuts.
Only 2015 was a pause. Every single other time there was a cut in rates. In another tweet, Pal predicts that we are in for a long ride with a recession. The tweet reads,
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[This article is a transcription of a video made by Savvy Finance]
Original video: https://youtu.be/gcVCThLIpK8]