#14 - Is the Second Inflation Wave Coming? - Guest: Mikael Sarwe, Nordea Bank
Oil could be up as much as 25-30% during Q4 due to the production cuts out of Saudi Arabia and Russia. This is beginning to smell like the 1970's and we take a closer look at how that affects inflati...
10 Sep 202343min
#13 - The Rasputin Effect - Guest: Michael Cembalest, J.P. Morgan
Is the U.S. labour market finally crashing? What will it take to kill the U.S. economy? We ask Michael Cembalest of J.P. Morgan who explains The Rasputin Effect. We also cover the outlook for fiscal p...
2 Sep 202337min
#12 - USD patriots vs. CNY patriots - Guest: Tony Nash
Has the PBoC won against speculators in Chinese FX markets? And will equities stabilize due to the contained outflows from China? We invite Tony Nash, former Director at The Economist Intelligence Uni...
27 Aug 202355min
#11 - Macro Sunday: 3 scenarios for the Chinese response to the RE malaise
We host Michael Kao for a discussion on the Chinese tool-box and whether the 7.30 line in the sand will hold or not. The situation is very binary. Either risk appetite will return or else you need to...
20 Aug 202342min
#10 - A steeper curve to create a recession - Guest: Bob Elliot
The yield curve inversion was never a recession signal. An uninversion and higher rates (via bear steepening) is needed to push the economy in to recession. We discuss the allocation playbook given ...
13 Aug 202342min
#9 - Coups, YCC and the big rotation trade
Is the big rotation now ongoing in rates and equities after the BoJ steepened the JGB curve? Find out as we discuss the bizarre developments in Niger, Jeddah and Japan in light of the material steepe...
6 Aug 202338min
#8 - From recession to Goldilocks - USA USA USA - Guest: Darius Dale
From a technical recession in July-2022 to a widespread acceleration in July-2023. The US economy is not done performing and the interest rate sensitivity seems much smaller than usual. What has chan...
30 Jul 202343min
#7 - Breaking: 3 reasons why the BoJ decision is NOT a gamechanger
Markets initially panicked after the Bank of Japan decision to move the needle on the yield curve control was leaked. The new yield curve control regime is much more flexible, which can actually be ...
28 Jul 202313min
