David Rubenstein, the billionaire investor and cofounder of The Carlyle Group also cautioned the Federal Reserve's interest-rate hikes will curtail economic growth, explained why he's become less skeptical of cryptocurrencies, and predicted the crypto trend won't fade anytime soon.
"Russia-Ukraine, as the global economy was beginning to recover from COVID, we now find ourselves in a free-fall a bit, in terms of the global economy.
We're seeing a dramatic decline in obviously the Russian economy and the Ukrainian economy but it's spilling over into the European economy, and to some extent, the US economy.
Until that issue is resolved, I don't think we're going to really know how the global economy is going to perform over the next year or so."
"Many people are going to look at whether the US economy is now going to be needing some stimulus. It was growing back after COVID, but now it's going to be stalling a little bit because of Russia."
(Rubenstein gave the example of US airlines not being able to fly over Russia, and the increased difficulty of shipping goods across some national borders now.)
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