Lyn Alden on Gold, Real Bond Yields, and the Treasury s Bloated War Chest

The situation in the U.K. is going from bad to worse, with Prime Minister Liz Truss now in danger of losing her own job after firing her finance minister Kwasi Kwarteng and short-circuiting her own economic package mere weeks into her tenure. U.S. equities drifted lower Friday in the aftermath of Thursday’s historic reversal, as retail sales for September stagnated due to the effects of inflation. But the issue is the U.K. What the heck is going on? And is it merely the first sign of a major global economic crisis? Jim Bianco, the founder and president of Bianco Research, joins Ash Bennington to talk about the wild price action in U.S. equities, the sacking of the Chancellor of the Exchequer, and, as we head into the weekend, what to expect from traditional markets on Monday. And be sure to check out Real Vision’s newest series, The Collectors where we’ll emphasize the fun and the adventure of deploying your hard-earned money! You can watch the first episode here: https://rvtv.io/3ToL7Gu. Learn more about your ad choices. Visit podcastchoices.com/adchoices

14 Loka 202233min

Real Vision Co-Founder & CEO, Raoul Pal, answers the internets questions and covers everything from macro & crypto to wine, scuba diving, food and art! Learn more about your ad choices. Visit podcastchoices.com/adchoices

14 Loka 20221h 6min

Within three hours today, S&P 500 futures swung from a 3.9% decline to a 3.9% rally. “It's pretty incredible,” tweeted Jared Dillian shortly after noon, “to watch people get fooled by the market over and over again. It's not hard – when there's no one left to sell, they cover.” Weston Nakamura has a more global perspective on the reversal, noting that the U.K. and the pound as well as Japan and the yen still linger as potential crisis points. Jared raised an interesting point in today’s edition of The Daily Dirtnap: that we’re in “a bubble of bearish sentiment.” Weston and Jared join Maggie Lake to talk about the significance of today’s price action. The violent reversal was surely concerning, hardly the sign of a healthy market. Jared, Weston, and Maggie unpack the reaction to the most recent U.S. inflation data and what it means for central bankers and global financial markets. Learn more about your ad choices. Visit podcastchoices.com/adchoices

13 Loka 202237min

The Producer Price Index for September came in hotter than expected, as investors brace for the Thursday morning release of Consumer Price Index data. Minutes to the most recent meeting of the Federal Open Market Committee reveal a central bank as determined as ever to “stay the course” toward “restrictive rates in the near term.” With cracks in the global financial system getting bigger by the day, Maggie Lake welcomes Cem Karsan, the founder of Aegea Capital Management, to talk about the significance of the monetary regime change and to answer one simple question: How do we play this volatility? We also hear from ZipRecruiter.com Chief Economist Julia Pollak about the enduring strength of the U.S. labor market. Watch the full conversion between Julia Pollak and Maggie Lake here: https://rvtv.io/3MoBEwJ. Learn more about your ad choices. Visit podcastchoices.com/adchoices

12 Loka 202239min

The Bank of England intervened in the U.K gilt market for the second time in two days Tuesday, with the following warning: "Dysfunction in this market, and the prospect of self-reinforcing 'fire sale' dynamics pose a material risk to UK financial stability." Real Vision Macro Analyst James Helliwell joins Maggie Lake at the top of today’s Daily Briefing to talk about the BofE’s latest move and what kind of signal it is for a global financial system where conditions are already tight and tense. Meanwhile, the International Monetary Fund cut its global economic growth forecast on inflation’s negative effects, Russia’s invasion of Ukraine, and China’s broad-based slowdown. Maggie welcomes Komal Sri-Kumar, the president of Sri-Kumar Global Strategies, for a discussion of central bank policy and where there may be opportunities for investors who aren’t distracted by a hawkish Federal Reserve. Learn more about your ad choices. Visit podcastchoices.com/adchoices

11 Loka 202236min

Stocks opened to the downside but trended higher throughout the day, the Dow Jones Industrial Average peaking into positive territory in the early afternoon, as investors prepare for Thursday morning’s release of Consumer Price Index data for September. The up-and-down action surely reflects confusion: Market internals and sentiment data are actually bullish, but policymakers are raising the degree of difficulty. “In normal times,” writes Geo Chen in his most recent Substack post, “trading global macro is like playing 5-dimensional chess, which is hard enough. Today, with the added variables of geopolitics and central bankers on a mission, we are playing 10-dimensional chess.” Geo, the editor of Fidenza Macro, joins Maggie Lake to talk about what markets are telling us. We also hear from George Whitehead about what might make the Federal Reserve lift its foot from the monetary tightening brake. Watch the full conversation featuring George Whitehead and Larry McDonald here: https://www.realvision.com/shows/make-or-break-geopolitics/videos/london-calling-what-will-break-next-vxN2?tab=details. Learn more about your ad choices. Visit podcastchoices.com/adchoices

10 Loka 202239min

In Jeff Booth’s eyes, money is just information, and we desire the feeling we get when we have more of it. It’s also why, according to Booth, that money is being manipulated by central banks at an unprecedented rate to avoid a collapse in the credit system. So, how do we make things better? There is no perfect solution. But Booth sees a clear favorite, capable of delivering inordinate societal value. The popular author and serial entrepreneur joins Harry Melandri to talk about Bitcoin’s potential – noting that network effects are only making the world’s No. 1 cryptocurrency stronger over time. Never miss an episode of Next Big Trade - subscribe here. Learn more about your ad choices. Visit podcastchoices.com/adchoices

9 Loka 202251min

KPTL Arbitrage Management is one of the few crypto hedge funds that managed to profit from Terra’s crash. Its founding partner, Jay Janer, sheds insights on his journey from TradFi trading desks at Lehman Brothers and Morgan Stanley. He shares his approach to navigating the world of digital assets and explains why agility is a key characteristic of successful traders, regardless of asset class. Never miss an episode of My Life in 4 Trades - subscribe here. Learn more about your ad choices. Visit podcastchoices.com/adchoices

8 Loka 202249min