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Peter Berezin, Chief Global Strategist and Director of Research at BCA Research joins us.

Key takeaways from this conversation:

• • Consumer spending is likely to weaken due to rising delinquency rates
  • Cash and gold are recommended defensive assets in a recession
  • Higher tariffs may strengthen the dollar but hurt global growth
  • The Fed’s ability to act is limited by its mandate for price stability
  • Private credit securitization is a net positive but carries risks in downturns
  • Cryptocurrency demand is driven largely by speculation
  • Models should be used to cross-check economic predictions
  • 2025 may be a tough year for equity investors due to stretched valuations
  • S&P500 prediction for the end of the year is 4450

The HFR Podcast features interviews with allocators and subject experts who provide expert commentary on economic outlook and market conditions.

Have questions? To ask a question or be featured on any of our podcasts, contact HFR Media, at hfrmedia@hfr.com