Macro Guru Raoul Pal Predicts How Recession Unfolds, Says Crypto and Technology Only Sectors Outpacing Inflation
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Real Vision CEO Raoul Pal says the current economic slowdown will likely result in an economic contraction back to pre-Covid levels. The former Goldman Sachs executive says baby boomers face limited choices in dealing with a potential recession. Pal says such an economic environment could force younger generations to allocate their wealth into crypto and technology markets as he says they are the only asset classes that can keep up with currency debasement. He thinks 20 years of negative interest rates are on the table as they create room for debt reduction and the rise of asset prices. Last month, Pal said Bitcoin and crypto markets are in a long-term opportunity zone, even though there still may be more pain to come, he thinks that Bitcoin and cryptocurrencies are in the buy zone. Source