Wall Street Journal (September 29)
2024/ 09/ 30 by jd in Global News
Hedge fund veteran Mark Spitznagel “previously said markets would rally as the Fed eases in a Goldilocks phase, but has also warned a recession is coming and that rate cuts are also the opening signal for big reversals down the line. In the current environment, that means in the biggest market bubble in history will soon pop, eventually prompting the Fed to ‘do something heroic’ but doom the economy to stagflation.”
Tags: China, Consuming, Deflationary hole, Long term, Short run, State support, Stimulus
