Peter Boockvar: Recession Near As Fed Hikes Rates While Economy Slows

Peter Boockvar: Recession Near As Fed Hikes Rates While Economy Slows As the Russian invasion into Ukraine continues into its 3rd week, despite the world’s hopes for resolution, uncertainty continues to grow. * What will the geopolitical situation look like after a cease-fire is declared? (IF one is declared) * How badly will the trade disruptions with Russia worsen inflation, given Russia’s role as a top exporter for many key commodities? * Are we weakening the US dollar’s role as the global reserve currency by giving other nations cause to accelerate their efforts to de-dollarize?   Meanwhile, the cost of capital is increasing as interest rates are on the rise — right as we anticipate the Federal Reserve will kick off a new era of Quantitative Tightening at its meeting this week. Are a further correction in the markets and possibly a recession now more likely as a result? Money manager Peter Boockvar concludes “yes”. He expects a recession within the next 6 months, and shares with us his top recommendations for where capital should go now, in advance See more here at Adam Taggart’s Wealthion... Tyler Durden Tue, 03/22/2022 - 05:45
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