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Alasdair Macleod, Head of Research at GoldMoney, is back on the show.
He comments on the recent Fed decisions and why it's too little too late. Alasdair expects high and persistent inflation even though the yield curve is flat. Interest rates will go up but due to high public and private debt levels across the world, and especially in Japan and Europe, society will not be able to handle those higher rates. This will trigger a new financial crisis emanating most likely first in Europe.
Alasdair doesn't see value in Bitcoin. Furthermore he thinks central bank digital currencies won't see the daylight, due to the risks they pose for financial stability and because of a strong bank lobby.
Find Alasdair's research here:
www.goldmoney.com/research/go...
Follow Alasdair and Paul on Twitter:
/ macleodfinance
/ paulbuitink