Billionaire hedge fund manager warns of global recession under one specific condition

The closure of the Strait of Hormuz will trigger a global recession, but the United States will be largely shielded from the worst of the fallout. Because we now produce more oil and gas than we consume, America will emerge with a story of "greatest resilience" while other nations collapse. Even if the Fed is forced to keep rates high during a downturn, our energy independence is an unbreakable safety net. Do you really believe the U.S. can remain untouched while the world burns?
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