The Famous Economist Makes a Terrifying Prediction.

Macroeconomic expert Raoul Pal stated that global markets, including cryptocurrencies such as Bitcoin (BTC) and Shiba Inu (SHIB), are locked in a mass liquidation phase and do not expect a return in the short term.

The Famous Economist Makes a Terrifying Prediction. In a new interview with Real Vision, Raoul Pal stated that no matter what is in an investor's portfolio, they will face greater pain. Emphasizing that the only asset that can remain strong for now is the US dollar, Pal emphasized that global markets are locked in a mass liquidation phase and he does not expect a return in the short term. Raoul Pal stated in the said interview:

“The market has to deal with inflation and slowing growth. This basically means everyone hits the purge button. So everything is liquidated. All assets are taking a hit, from crypto to just about anything else. Currently, the only asset that can remain strong seems to be the US dollar. Because it's kind of a safe haven… People get a big purge when they're struggling with their portfolios because basically whatever position you hold is wrong. This is the pain everyone will have to suffer for a while.”

On the other hand, Pal stated that he predicts that both inflation and growth will decrease simultaneously in the coming months. Pal stated that if his predictions come true, stocks, gold and crypto could ultimately benefit, and continued his explanations as follows:

“If I'm right, this inflation story will change and growth will slow down. Then we begin to slip into a dynamic where we question what the central bank will do. I think gold is pretty good. Interestingly, gold and growth stocks tend to perform poorly as real rates begin to tighten. But they've reached zero, and the world seems to be falling apart as the central bank tries to engage in quantitative tightening. If that's the case, the real rates are negative again.”