/perspectives/media/dispatch-from-davos-whats-next-crypto-fed-policy

Dispatch from Davos: What’s Next for Crypto and Fed Policy

Scott Minerd, Chairman of Guggenheim Investments and Guggenheim Partners Global CIO, joins Bloomberg TV from the Annual Meeting of the World Economic Forum in Davos.

May 25, 2022

 

 

Key Takeaways:

  • Crypto has so far failed to establish itself as a currency.
  • Bitcoin will likely correct to $8,000 before the rout ends.
  • Short of a market collapse, the Federal Reserve will likely stay the course.
  • There is high probability of some form of financial panic in the second half of 2022.
  • The lesson from 1946 is that Fed policy can contain inflation, but policy error remains a risk.


Read Macro Alert: Fed Aggressiveness Following Delayed Liftoff Sets Up 2023 Collision

 


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VIDEOS AND PODCASTS

Fed Day: The Argument for 100 Basis Points 

Fed Day: The Argument for 100 Basis Points

Scott Minerd, Guggenheim Partners Global CIO and Chairman of Guggenheim Investments, joins Bloomberg TV on Fed Day.

Macro Markets Podcast 

Macro Markets Podcast Episode 22: Investors' Guide to the Fed’s Hard Landing

Brian Smedley, Chief Economist and Head of the Macroeconomic and Investment Research Group, discusses the Fed’s third straight 75 basis point hike and its meaning for the economy and investors.







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