Why There Are Only “Less Bad” Outcomes

Published on
June 7th, 2022
35 minutes

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Why There Are Only “Less Bad” Outcomes

The Essential Conversation ·
Featuring Christophe Ollari and Maggie Lake

Published on: June 7th, 2022 • Duration: 35 minutes

Europe is headed for recession, according to Christophe Ollari, as the consequences of Russia’s invasion of Ukraine in the aftermath of a global pandemic reverberate across the continent. In conversation with Real Vision’s Maggie Lake, Ollari, founder of Ollari Consulting, explains why the U.S. might avoid recession but suffer stagflation instead. And he traces the Federal Reserve’s policy mistakes back to the Global Financial Crisis, comparing the present post-Covid environment to the period that made extraordinary monetary measures commonplace and noting that the central bank’s plan is to hike interest rates until something breaks. China’s “zero Covid” posture, Russia’s weaponization of food and energy supplies, and the potential for global famine also factor into his analysis. Amid rising instability, Ollari sees no alternative to the U.S. dollar as the world’s reserve currency. Recorded on June 1, 2022.