Alfonso Peccatiello on the end of cheap energy, labor and money - Holland Gold, Monetary Horizons XL

Alfonso Peccatiello, Founder and CEO of 'The Macro Compass', presents his views on macro-economics at the Holland Gold Monetary Horizons XL Event. Alfonso worked for many years as Head of Investments at ING Germany. Nowadays, he provides his subscribers via ' The Macro Compass' with extensive analyses on macro-economics and links this to concrete advice. Alfonso expects challenging times for the European economy. He explains why the European economy has been able to prosper in recent decades and why this is likely to be different in the coming years. Due to the war between Russia and Ukraine, cheap energy is no longer a given and during the pandemic, supply chains have proved fragile.

On top of this, Europe faces a shrinking labor force, which will not help economic growth either. Furthermore, in this video Alfonso discusses the real estate market. Using charts and figures, he explains why he expects real estate prices to continue to fall. At the end Alfonso answers questions from the audience about crypto and gold.