Clock is ticking for US recession, return of Fed's QE, says black swan fund
Mark Spitznagel of Universa Investments, speaks during the Skybridge Capital SALT New York 2021 conference in New York/ NEW YORK (Reuters) - The first interest rate cut by the Federal Reserve signals a U.S. recession is imminent and a dramatic drop in financial markets could once again force the U.S. central bank to come to the rescue by buying bonds, said tail-risk hedge fund Universa. The Fed said last week it started cutting rates to recalibrate monetary policy and to maintain strength in the labor market. With inflation declining, and ...
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