The US economy has taken a massive tumble in recent months. The inflation rate of 8.3% was among the highest in the developed world in April and may well outpace Japan, France, Germany, the United Kingdom, Italy, and Canada. President Biden and his administration has scrambled to find an answer to inflation and spiking gas prices, which remain near $5 per gallon nationally. There are many who view the whole financial system as broken. Crypto markets have shown extreme volatility as well, with Voyager being the latest domino to fall as the company previously suspended trading deposits and withdrawals. Due to difficult market conditions amid a deepening meltdown in beleaguered cryptocurrency markets.
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Now, let’s continue. Macro investor and CEO of Real Vision, Raul Pal, took to twitter to express his findings to his almost 1 million followers. in a long tweet storm. Raul shared that he sees the economic situation as terrible for seniors and a real opportunity for millennial who have the money to make moves. Roland started off the tweet storm by giving an overview of the macro market.
Raul tweeted out,
The coronavirus created the most recent bear market, but it went down as the shortest on record. Stocks lost one-third of their value in 33 days in early 2020. From there, it took just six months for the S&P to recover, aided by pandemic stimulus and emergency actions by the Federal Reserve. It’s clear that we are in a bear market, but many are calling for a recession, which is most likely to last longer than the 2020 downturn. The concern is that baby boomers will lose most of their 401k.
Raul’s next tweet suggests that the baby boomers are damned, if they do, and damned if they don’t. Raul tweet out,
Inflation has been the talk of 2022, with everyone feeling the rise in prices in one way or another. Gasoline is at an all-time high. Housing prices are still soaring, and food is getting more expensive. Unfortunately, the markets haven’t followed suit, making it a concern for anyone depending on a 401k or limited budget such as social security to make ends meet. On the other hand, Raul believes this is an opportunity for the younger generation.
Raul tweeted,
This tweet was accompanied by the U.S. labour force participation graph dating back to 1995, which showed an inverted federal balance sheet.
Raul believes that a downward trajectory of participation heading into 2025 will lead to the Fed increasing their balance sheet, Akka more QE, which he believes would bail out the baby boomers. Raul’s next tweet gave the boomers three options, none of which looked promising.
Raul tweeted,
Followers of Raul commented that the real solution is to be thrifty and to end the Fed.
Lungman111 commented,
Raul wasn’t done with this tweet storm. He continued,
While many analysts and thought leaders believe QE has been a disaster and the bond button pushed by the Fed is coming to an end, Raoul has been stating that he believes the Fed is trapped with QE and that universal basic income will eventually come. Many don’t agree that UBI is an answer. But Raul finished his tweet storm,
Raul’s thoughts brought in mixed commentary from his audience. Of course, there were people who are still questioning his expertise since his $40,000 Ethereum call hasn’t closely panned out.
Raul will fail to respond to the comments. He has mentioned before that he was wrong about his Ethereum and Bitcoin, but in regards to comments on the topic at hand.
Raul’s analysis might be argued by other analysts and thought leaders, particularly those who believe there just isn’t any way we can continue and we must crash and burn. What do you think? Do you agree with Raul’s analysis here?
[This article is a transcription of a video made by Only The SAVVY]
Original video: https://youtu.be/3evS_5QMRdY]
