Raoul dons his hat as CEO of Global Macro Investor, his institutional research service, and updates us on his market and economic views. As he always says, there are no certainties, just probabilities but he sees the risk of sharply accelerated downside in the economy towards a near immediate recession, along with more risk aversion in the markets, from equities to crypto. His message is one of caution but also one of future opportunity too. This is an important and very timely video. Recorded May 26, 2022.