Скачать или смотреть Charlie Munger's 2023 Recession Prediction

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Charlie Munger talks about his 2023 recession prediction, bitcoin, and his thoughts on Elon Musk and Tesla in a wide ranging interview Charlie Munger did with Becky Quick and CNBC. Charlie Munger is the Vice President of Berkshire Hathaway and is the business partner of legendary investor Warren Buffett. The possibility of a 2023 recession and a 2023 stock market crash is something that is on the mind of stock market and real estate investors. In this interview, Charlie Munger talks about the possibility of bitcoin and why Munger hates bitcoin.

The United States Federal Reserve, or Fed for short, has been at the center of attention the last couple of years. This isn’t good attention either as many people blame the Fed for the highest inflation the US has faced in 40 years and the slowing economy. For those of you who may not be familiar, the Fed sets interest rates, manages the money supply, and helps regulate financial markets. The actions the Fed took in early 2020 were truly unprecedented (show chart). The Fed lowered interest rates to essentially zero in order to help the economy avoid entering an economic collapse as businesses across the country were closed and millions of people became unemployed virtually overnight. By lowering interest rates, the Fed made it less costly for businesses and consumers to borrow money to then turn around and spend and grow the economy. This, combined with massive government stimulus programs, helped keep the economy strong and avoid the economic collapse that probably otherwise would have happened. In the clip, Charlie acknowledged that this course of action was necessary.

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