Charlie Munger Sees Spiralling Inflation or a Recession in 2023

#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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