EPISODE · Mar 13, 2022 · 1H 12M
Fed Faces "Debt Death Spiral" While Inflation Soars | Luke Gromen & Jim Bianco
from Forward Guidance · host Blockworks
In today's episode of Forward Guidance, Jack Farley is joined by Jim Bianco of Bianco Research and Luke Gromen, Founder of FFTT to discuss the situation the Fed finds itself in the face of the highest inflation in 40 years. With a debt to GDP over 100%, is the Fed trapped and inflation the only way out? Luke discusses the post 1971 Nixon shock's effect on the Dollar and walks us through the series of events which led to the Fed now being faced with, a "debt death spiral". Jim explains how inflation is President Biden's biggest problem and what this means for rate hikes ahead of FOMC. Are there signs of a recession in the U.S economy as commodities soar, the 2s 10s yield curve spread tightens & OIS spreads turn negative? Jim & Luke provide an absolute macro power hour you CAN'T afford to miss. To hear their thoughts on commodities, stress in the treasury market, effect of Russia & Ukraine conflict, sanctions speeding up the trend of de-dollarization & the death of globilazation, you're just going to have to tune in to find out. -- BCB is Europe’s leading provider of business accounts and trading services for the digital asset economy. With a dedicated focus on institutional payment services, BCB Group provides business banking, cryptocurrency and foreign exchange market liquidity for some of the world’s largest crypto-engaged financial institutions. BCB Business Accounts allow businesses to load fiat currency and cryptocurrencies for payments, operations and trading purposes. BCB’s clients can trade FX and cryptocurrencies quickly and at scale, with market-leading value. BCB’s BLINC network is the European crypto industry’s first instant settlements network and one of the first real-time payment networks of its kind to allow free, real-time transactions across fiat and digital currencies. For more information, please visit https://bcbgroup.com/jack. -- If you like this episode be sure to subscribe to our newsletter at https://blockworks.co/newsletter
What this episode covers
In today's episode of Forward Guidance, Jack Farley is joined by Jim Bianco of Bianco Research and Luke Gromen, Founder of FFTT to discuss the situation the Fed finds itself in the face of the highest inflation in 40 years. With a debt to GDP over 100%, is the Fed trapped and inflation the only way out? Luke discusses the post 1971 Nixon shock's effect on the Dollar and walks us through the series of events which led to the Fed now being faced with, a "debt death spiral". Jim explains how inflation is President Biden's biggest problem and what this means for rate hikes ahead of FOMC. Are there signs of a recession in the U.S economy as commodities soar, the 2s 10s yield curve spread tightens & OIS spreads turn negative? Jim & Luke provide an absolute macro power hour you CAN'T afford to miss. To hear their thoughts on commodities, stress in the treasury market, effect of Russia & Ukraine conflict, sanctions speeding up the trend of de-dollarization & the death of globilazation, you're just going to have to tune in to find out. -- BCB is Europe’s leading provider of business accounts and trading services for the digital asset economy. With a dedicated focus on institutional payment services, BCB Group provides business banking, cryptocurrency and foreign exchange market liquidity for some of the world’s largest crypto-engaged financial institutions. BCB Business Accounts allow businesses to load fiat currency and cryptocurrencies for payments, operations and trading purposes. BCB’s clients can trade FX and cryptocurrencies quickly and at scale, with market-leading value. BCB’s BLINC network is the European crypto industry’s first instant settlements network and one of the first real-time payment networks of its kind to allow free, real-time transactions across fiat and digital currencies. For more information, please visit https://bcbgroup.com/jack. -- If you like this episode be sure to subscribe to our newsletter at https://blockworks.co/newsletter
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Fed Faces "Debt Death Spiral" While Inflation Soars | Luke Gromen & Jim Bianco
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