Analyst Cautions That the Fed Can't Revive the Economy – Claims Bitcoin Is the Sole Hedge

Economic Indicators: Analyst Peterson highlights that the Leading Economic Index (LEI) has declined by over 5%, suggesting a recession is already underway, despite no official declaration from the NBER.

Inflation Causes: He attributes inflation primarily to supply chain disruptions caused by geopolitical events, particularly the fallout from Russia's invasion of Ukraine, rather than demand issues.

Stock Market Concerns: Peterson expresses skepticism about the stock market's strength, noting that gains are concentrated in a few tech stocks, indicating potential vulnerability to economic challenges.

Investment Recommendations: He advises investors to focus on "hard assets" like gold and Bitcoin as protective measures against ongoing inflation, asserting that the Federal Reserve's tools are inadequate for addressing structural economic problems.