Charlie Munger Sees Spiralling Inflation or a Recession in 2023

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2 years ago
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#CharlieMunger #Inflation2023 #Recession2023

Billionaire investor Charlie Munger defends the Fed's inflation fight - even if it causes a recession. Charlie Munger has stated his opinion that a recession or increased inflation in the US is likely to occur in 2023. In a conversation with CNBC, the 98-year-old millionaire and Warren Buffett's business partner covered the FTX situation as well as a number of other topics. In order to at least attempt to somewhat provide economic stability to the financial markets and to the larger economy, Charlie Manger thinks it's critical for a nation or a region to have a central bank with certain powers at its disposal.

Charlie Munger Sees Spiralling Inflation or a Recession in 2023

Timestamps:
0:00 Intro
2:13 FED Intervene and Provide Stimulus
3:48 Mr. Munger Unsure about Inflation or Recession
4:55 Innovations and Technologies Disturbed Markets
6:18 Crypto is a Zero Sum Game
6:58 How to Create Wealth
9:40 Conclusion

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*DISCLAIMER:*
Informed Investors is not a financial adviser channel. The information provided in this video is solely based on our research and opinion, and should not be taken as professional financial advice. There are risks involved in investing in the stock market, and the fluctuation depends on varying factors. Investors should not act upon the content or information found here without seeking advice from an accountant, financial planner, lawyer or other professional. Consumers should always research companies individually and define a strategy before making decisions. Informed Investors is not liable for any loss incurred, arising from the use of, or reliance on, the information provided by this video.

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