The Fed and ECB Are ‘Choking’ the Economy; Horrific Winter Awaits Europe: Alf Peccatiello

"Finally we got a slowdown in the momentum of inflation," says Alfonso Peccatiello, publisher of financial newsletter The Macro Compass. And he says most of this reduction comes from energy prices and commodities. He believes the Fed's tool is one big hammer, "that consists of a combination of raising interest rates and reducing the balance sheet." Peccatiello continues on, touting long-term bonds as a good bet because, "the Federal Reserve and ECB are willing to choke the economy right now." As winter approaches, "Putin will probably squeeze [energy prices] for Europe even further," Peccatiello concludes.  Read Alf's free newsletter at: https://TheMacroCompass.substack.com #euro #energy #federalreserve ⭐️ Join Daniela Cambone's exclusive community ➡️ https://danielacambone.com ➡️ Follow us on Facebook: https://www.facebook.com/StansberryResearch ➡️ Follow us on Twitter: https://twitter.com/stansberry ➡️ Follow us on Instagram: https://www.instagram.com/stansberry_research ➡️ Follow us on LinkedIn: https://www.linkedin.com/company/stanberry-research Chapters: 00:00 The state of the U.S. housing market 3:33 Current situation with inflation 5:35 Tools to fight inflation 6:20 Have we reached peak inflation? 7:45 Will the Fed march higher with interest rates? 8:55 Repercussions of interest rate hikes 10:30 Sectors that investors like 12:00 Alf’s portfolio allocations 13:03 U.S. dollar and euro 14:49 Oil crisis in Europe 15:42 Alf’s final advice