Are We Doomed to Recession?

Published on
March 14th, 2022
Duration
53 minutes


Are We Doomed to Recession?

Real Vision Essential ·
Featuring Steven Van Metre and Peter Boockvar

Published on: March 14th, 2022 • Duration: 53 minutes

Peter Boockvar and Steven Van Metre agree growth is slowing all over the world. A major question is whether the U.S. will see a recession sooner rather than later. Boockvar, chief investment officer of Bleakley Advisory Group, says we should be concerned about how the Federal Reserve tightens monetary policy. In his view, from a strictly economic perspective, we should fear Fed Chair Jerome Powell more than Russian President Vladimir Putin. And, as we transition from hyper-accommodative interest rates, Boockvar believes a bear market is upon us. Van Metre, founder of Steven Van Metre Financial, sees a bull market for bonds emerging. They agree that gold and the U.S. dollar offer protection amid heightened geopolitical risk. In addition to describing economic scenarios based on rising inflation and higher commodity prices, Boockvar and Van Metre assess the ripple effects of war in Eastern Europe. What’s clear from their exchange is that a new economic reality is materializing. Recorded on March 9, 2022.