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In the past few years, inflation in the US has increased more than expected, which has become a big problem for people living there. According to the reports, Citadel CEO Ken Griffin warned people about the coming recession and said that the country’s inflation will soon peak. He added that it is a terrible time for investors and the US Fed is battling the worst inflation the country has seen in a long time.
Ken talks about the US economy and the recession
Last Wednesday, at a CNBC conference, Ken Griffin, founder and CEO of global investment firm Citadel, spoke about a wide variety of topics, including the US economy, the recession, crypto and other important topics.
Kane began his statement by saying it was a terrible time for them. He added that they are grappling with the threat of nuclear war in Ukraine and that their country is experiencing the highest inflation ever. He also mentioned that it is a bad time for the investors.
When talking about the American recession, it is known that the American equity market is showing some resistance and the country’s economy is still stable; There is a very high probability that the country’s high inflation has occurred or will occur soon. He added that the country may soon go into recession.
Ken shared his views on cryptocurrency.
At a recent CNBC conference, Citadel CEO Ken Griffin was asked about his views on cryptocurrency when he warned people about the coming crash. A generational war is here, he said. He revealed that his younger colleagues were more interested in cryptocurrency than his older ones, which is quite impressive.
Ken added that in the coming years, as the government increases, people will find ways to withdraw their wealth from the government, and cryptocurrency is one of the best options for people due to advanced technology.
What are your thoughts on the Citadel CEO’s statement about the US economy, recession and cryptocurrency? Do you think the US economy will soon slide into recession? Let us know in the comments below. And, if you find our content informative, share it with your family and friends.
Also read: “People don’t trust central banks,” says Stan Druckenmiller..
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