Summary of MacroVoices #344 Alex Gurevich: A Deflationary Depression Lies Ahead

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00:00:00 - 01:00:00

In this video, Alex Gurevich discusses the potential for a deflationary depression and how it could affect the global economy. He argues that raising interest rates may not be enough to combat inflation, and that the current market conditions could lead to further downside volatility in the near future.

00:00:00 Alex Gurevich of haunte Investments discusses the potential for a deflationary depression, arguing that macro risks are extremely high right now but that an opposite outcome is more likely. He interviews investment guru Alex Gorevich, who agrees with him that the macro risks are high, but sees a nearly opposite outcome of a deflationary depression. Eric and Patrick discuss the S&P 500, the VIX dollar, oil, and gold.
00:05:00 Alex Gurevich, a financial expert and founder of Hante Investment, discusses his views on the current state of the economy and the future of oil prices. He believes that OPEC is determined to defend oil prices, and that the current market volatility may be due to the U.S. government's reckless training of the U.S. SPR. He also believes that the bottom may be in for oil prices, and that there is potential for further downside volatility in the near future.
00:10:00 hedge fund manager Eric Townsend interviews Alex Gurevich, manager of the Hunte investment firm, about his views on inflation, the Brexit vote, and systemic risk. Gurevich is optimistic about the future of the Euro and Sterling, but warns of potential problems with post-Brexit Britain. He believes that inflation is not transient and sees a secular inflation set to begin.
00:15:00 Inflation is good for the economy, but it's only temporary. Central bank policies are too restrictive, and the banks will have the last laugh. Europe is facing an energy crisis, and the UK is trying to address it with handouts.
00:20:00 Alex Gurevich argues that there is a strong deflationary macro backdrop present, which will persist unless secular inflation begins to take hold. He also notes that while price action may not always be indicative of economic trends, it can give a good indication of what has happened in the past. Gurevich does not believe that inflation will start to take hold immediately, but instead expects it to gradually build over time.
00:25:00 In 2020, the Federal Reserve raised interest rates and decreased its stimulus program, signaling that it was winding down its efforts to stimulate the economy. Inflation decreased, and the job market improved. In 2021, the Federal Reserve began to decrease its stimulus program, signaling that the economy was recovering. Inflation increased, and the job market deteriorated. In 2022, the Federal Reserve announced that it was winding down its stimulus program, indicating that the economy was strong and inflation was stable.
00:30:00 In this video, macroeconomist Alex Gurevich discusses how recent measures aimed at reducing inflation may have an adverse effect on the job market and economy as a whole. He argues that while inflation today is irrelevant to the idea of whether Fair is successful, leading indicators show that inflation is coming down and will eventually cause real rates to go up, discouraging solving the problem.
00:35:00 Alex Gurevich discusses the possibility of a deflationary depression, which he believes is likely to occur in the near future. He argues that, while raising interest rates may help to combat inflation, it is not the solution to the food crisis or the energy crisis. He believes that, if the economy is forced to shrink, it will be easier for people to afford energy and food.
00:40:00 Alex Gurevich, an economist, is warning of a deflationary depression, which will be longer and more broad than previous recessions. He believes that watching what happens in the stock market is the most important thing an investor can do.
00:45:00 Alex Gurevich discusses how deflation might persist for several years and how that could have implications for the stock market. He also discusses how interest rates and fiscal policy can affect stock prices.
00:50:00 In his MacroVoices video, Alex Gurevich discusses the possibility of a global deflationary depression and how this could lead to the downfall of the USD. He also predicts that stocks will eventually go up again, despite the current market conditions.
00:55:00 Alex Gurevich discusses the possibility of a deflationary depression ahead, noting that while Brazil has been successful in raising interest rates, other countries may not be so lucky. He also notes that while China may be experiencing a meltdown, it's not clear yet if this is the beginning of the end for Emerging Market economies.

01:00:00 - 01:15:00

In this video, macro analyst Alex Gurevich discusses the possibility of a deflationary depression looming ahead, with potential implications for the global economy. He believes that the current global energy crisis is still in its infancy and that it will lead to runaway inflation if not corrected. Gurevich also discusses the dollar index, noting that while the rally has resumed, it is uncertain if it will continue.