After interviewing George Friedman and Bruce Mehlman in the first two episodes of our Global Macro Update video series, today Ed D’Agostino sits down with Gary Shilling, president of A. Gary Shilling & Co., Inc.

In this episode of Global Macro Update, Gary discussed sector winners and losers from the Russia-Ukraine war… why we might already be in recession… the Fed’s next move… and more.

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Global Macro Update interviews with leading experts dig deep on the most urgent and timely stories you need to know about.

In this latest edition, Ed and Gary also discussed:

• Why the Fed will almost certainly get interest rates wrong…
  How US farmers, food processors, and frackers are surprise winners of this conflict…
• Why consumers won't save the economy from a recession this time around…
• The countries most vulnerable to supply chain disruptions…
•  What the conflict means for global food security and who stands to lose the most…

We look forward to bringing you more Global Macro Update interviews in the weeks ahead.

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Thanks for reading.

Sincerely,

John Mauldin
Co-founder, Mauldin Economics