Palantir CEO Alex Karp says this deadly tidal wave of macroeconomic risks will wipe out some companies

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Palantir CEO Alex Karp says this tidal wave of macroeconomic risks will wipe out some companies

and the central banks of Norway, the Philippines, South Africa, Taiwan, Vietnam and Indonesia followed suit, raising rates to control inflation that has spiraled over the last year.2020 after nearly two decades as a private company. The stock is down nearly 60% this year."You will see that the durable companies that come out of this in three, four years...

The risk of a recession in the U.S. crept higher as the Fed vowed to beat inflation with aggressive rate hikes. The central bank has dialed down its economic projections, predicting higher unemployment and much slower GDP growth."People are scared s***less about energy outside of America," Karp said. "They are so scared about the macro-, political conditions that no one wants to talk about them. Their enterprises are built for a static and unified world of peace.

 

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