RE: Myprotein range launched in all iceland stores3 Jan 2023 15:57
@2phevs you will like this one Michael Burry the giy from the film Big short predicted subprime. Has said that FED have already over tightened by H2 2023 will be cutting interest rates as US is in recession & also stimulus as interest rates go to negative!! Then another Inflation Spike!! Bloody Hell need to time the next 6 months correctly!! Make sure you remind me get out in 6 months & take my profits as I could be in a roof top bar thinking drinking Champagne..
The hedge-fund portfolio manager, who shot to fame thanks to Michael Lewis’s book on the 2008 financial crisis, “The Big Short”, expects the dynamics driving the next inflationary wave will be similar to the previous one. The Federal Reserve will cut interest rates while the federal government doles out fiscal stimulus in response to a recession that’s expected to begin later this year.
Inflation has receded in recent months, although the decline has not been swift enough to prompt the Fed to stop raising its policy interest rate at the fastest pace in decades. The central bank has signaled that it doesn’t expect to cut rates until 2024.
“Inflation peaked. But it is not the last peak of this cycle. We are likely to see CPI lower, possibly negative in 2H 2023, and the US in recession by any definition. Fed will cut and government will stimulate. And we will have another inflation spike. It’s not hard,” Burry said.