Description
In this episode, Lyn Alden joins the show to explain how tariffs “slow the train but don’t stop it,” why the Fed’s rate hikes are disconnected from the true inflation source, and how Fed balance sheet expansion is returning. We also discuss the labor cracks, the hidden redistribution of interest income to wealthy savers, and the next phase of the debasement trade. Enjoy!
__
Follow Lyn: https://x.com/LynAldenContact
Follow Felix: https://x.com/fejau_inc
Follow Forward Guidance: https://twitter.com/ForwardGuidance
Follow Blockworks: https://twitter.com/Blockworks_
Forward Guidance Telegram: https://t.me/+CAoZQpC-i6BjYTEx
Forward Guidance Newsletter: https://blockworks.co/newsletter/forwardguidance
__
Grayscale offers more than 30 different crypto investment products. Explore the full suite at grayscale.com. Invest in your share of the future. Investing involves risk and possible loss of principal.
https://www.grayscale.com/?utm_source=blockworks&utm_medium=paid-other&utm_campaign=brand&utm_id=&utm_term=&utm_content=audio-forwardguidance
—
Timestamps:
00:00 Introduction
01:35 Tariffs & the Fiscal Outlook
09:13 The Flow of Interest Payments
12:49 Grayscale Ad
13:27 Government Shutdown Impact
15:36 Fiscally-Dominant Economies
19:51 Measuring Economic Weakness
22:49 The State of the Labor Market
26:09 Grayscale Ad
26:56 Should the Fed Cut?
30:56 How We Fight Inflation
34:18 The Fed Balance Sheet
41:20 Past vs Present Funding Constraints
45:06 Fed Balance Sheet & Liquidity
48:43 Active Treasury Issuance
51:20 The Fed & Bank Liquidity
53:03 The Debasement Trade
57:54 Final Thoughts
__
Disclaimer: Nothing said on Forward Guidance is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are opinions, not financial advice. Hosts and guests may hold positions in the companies, funds, or projects discussed.
#Macro #Investing #Markets #ForwardGuidance