David Sacks @DavidSacks
Base case for ‘23-24: — 1-2 more rate hikes but only 25 bps. Rates peak at 5%. — Recession starts mid-year. — Fed cuts by Q1 ‘24. — Recovery begins Q2 ‘24. — Biggest risk factor: sovereign debt bomb. I don’t have a lot of confidence in this, just my best guess. — PolitiTweet.org