G’day Folks,
Today I have a real treat for you. With all the turmoil in markets this week, I wanted to jump on the phone with someone who has done serious proof-of-work understanding the wider macro landscape.
This is the inaugural episode of Rough Consensus, which is a set of ad-hoc conversations I plan to have with analysts that I really respect. Few analysts fit the bill as well as TXMC, who is one of my very good friends, and a man who has developed an incredibly deep, data-driven, and long-term thesis on where the US economy is going.
We dive into so many important topics including:
Interest rates and Fed policy
How debt, deficit, and debasement have trapped central banks
How this time is measurably different
Why classic cycle analysis likely breaks down
Our expectations for asset performance
I really hope you enjoy this conversation as much as I did, and if so, please consider sharing the episode, as it helps more folks find our work. Be sure to give TXMC a follow if you haven’t already.
Other ways to listen:
Disclaimer: This podcast is general in nature, and is for informational, and entertainment purposes only, and it shall not be relied upon for any investment or financial decisions.
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