Has The Fed Already Caused a Recession? | On The Margin
In this week's episode, we discuss the Fed's attempt to crush all consumer demand. Mark believes we've just entered crypto spring, but that enthusiasm takes a turn as we discuss the Fed. With two consecutive quarters of negative GDP growth, we can officially (or now unofficially) say we are in a recession. I got Mark's take on the Fed's actions, expected fallout and future CPI prints. Next, we discuss the US' "friend-shoring" efforts, failed sanctions and other policy mishaps. Finally, we added a new "positivity segment" that includes our thoughts on aliens and human evolution - you'll have to tune in to find out more! -- Attend DAS, crypto and macro’s favorite institutional conference: http://digitalassetsummit.co/ - Use code MARGIN250 to get $250 off tickets (Only available this week!) Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://blockworks.co/newsletter/ -- -- Follow On The Margin: https://twitter.com/OnTheMarginPod Follow Mark Yusko: https://twitter.com/MarkYusko Follow Mike: https://twitter.com/MikeIppolito_ Follow Blockworks: https://twitter.com/blockworks_ - - Referenced in the show: Janet Yellen "friend-shoring" https://tinyurl.com/2aprdz3p -- Timestamps (00:00) Introduction (00:32) Mark confirms crypto spring is here (05:26) Blockworks' DAS 2022 conference (09:53) The Fed is crushing growth (18:52) Friend-shoring: ineffective sanctions and a multi-polar world (22:53) Is housing the next shoe to drop? (26:10) Changing the definition of a recession (28:42) Listen to the bond market (32:40) Fighting inflation & oil price manipulation (42:06) Money is a claim on time (49:27) Alexander Hamilton, maybe we need Maxis (51:26) Sinister Saturday special (54:37) Aliens, Webb telescope and human evolution -- Disclaimer: Nothing discussed on On The Margin should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.