According to the American investor Novogratz “the economy will collapse” and the “recession is really fast” – Insolentiae

“The economy is going to collapse” warns Novogratz, “really fast recession” in sight! They are not really optimistic at MarketWatch or they invited the famous investor Michael Novogratz. Indeed, the Fed’s aggressive action against inflation will undoubtedly have the downside of triggering a recession in the United States. And yes. In fact everyone knows it and everyone pretty much agrees. So you will be told that everything is going to be fine, but on the stock market, it is selling hard, on bonds it is selling hard, and basically everyone is getting rid of all the assets, especially those bought on credit. “The economy is going to collapse,” Novogratz said in an interview with MarketWatch. “We’re going into a really quick recession, and you can see that in a lot of ways,” he added, before the Fed confirmed a 0.75% rate hike last night, its biggest rate hike ever. since November 1994. “Housing is starting to turn around”, he underlined to support his thesis, noting that “stocks have exploded” (stock of housing, apartments and houses for sale). “There are layoffs across multiple industries, and the Fed is stuck,” he also added, with a stance of having to “increase [les taux d’intérêt] until inflation turns around. ” Charles SANNAT ” This is a ‘presslib’ article, that is to say free of reproduction in whole or in part provided that this paragraph is reproduced after it. Insolentiae.com is the site on which Charles Sannat expresses himself daily and delivers an impertinent and uncompromising analysis of economic news. Thank you for visiting my site. You can subscribe to the daily newsletter free of charge at www.insolentiae.com. » Source MarketWatch.com here PS: be careful it’s hot oulalalalère… Remember to drink and walk in the shade! In the sun it is warmer.