Mike Novogratz Says We're Heading Into a Really Fast Recession: Brace Yourself. Veteran investor and Bitcoin bull Michael Novogratz doesn't have a rosy outlook. In fact, ‘We Are Going to Go Into a Really Fast Recession,’ he warns. His concerns echo across the financial landscape as the Federal Reserve grapples with inflation.
Mike Novogratz, the founder and chief executive officer of Galaxy Digital Holdings Ltd, believes the US Federal Reserve is actively sending the economy into a recession to control rising inflation. He's on record stating, “The economy is going to collapse,” Novogratz told MarketWatch, highlighting the imminent downturn. “We are going to go into a really fast recession, and you can see that in…” many key economic indicators.
Financial veteran and crypto investor Michael Novogratz, interviewed by MarketWatch before the Federal Reserve decided to increase interest rates, predicted a swift and potentially painful economic contraction. Mike Novogratz predicted the US economy would quickly fall into a brutal recession, warning stocks could tumble another 20%, and cautioned asset prices might not hold up.
Veteran investor and bitcoin bull Michael Novogratz doesn’t have a rosy outlook on the economy, which he described as headed for a substantial downturn, with the likelihood of a “fast…” and deep recessionary period. The economy is going to collapse, Novogratz reportedly told MarketWatch ahead of the Federal Reserve's rate hike decision. We are going to go into a…
Mike Novogratz expects the US economy to see a dramatic downturn as the Federal Reserve tightens monetary policy amid a bursting bubble. The economy is going to… face significant challenges. Mike Novogratz, the founder and chief executive officer of Galaxy Digital Holdings Ltd, says the US Federal Reserve is sending the economy into a recession to control rising inflation. He's on… the record with this stark prediction, prompting concern among investors and economists alike.