Podcasts about Macroeconomics

In this episode, Kathy Jones and Liz Ann Sonders dive into the latest economic data and its implications for the Federal Reserve's policy decisions. They analyze the recent Consumer Price Index (CPI) report and assess the risk of latent stagflation. They also examine the Fed's dilemma in considering a September interest rate cut, a possible 50-basis-point reduction, and ongoing labor market and inflation pressures. Kathy and Liz Ann stress the importance of looking beyond headline figures to understand revisions and underlying economic trends. They also address recent changes at the Bureau of Labor Statistics (BLS) and their potential impact on the reliability of economic data. Finally, Kathy and Liz Ann discuss the data and economic indicators they will be watching in the coming week.On Investing is an original podcast from Charles Schwab. For more on the show, visit schwab.com/OnInvesting. If you enjoy the show, please leave a rating or review on Apple Podcasts.Important DisclosuresThis material is intended for general informational and educational purposes only. This should not be considered an individualized recommendation or personalized investment advice. The investment strategies mentioned may not be suitable for everyone. Each investor needs to review an investment strategy for his or her own particular situation before making any investment decisions.All expressions of opinion are subject to change without notice in reaction to shifting market, economic or political conditions. Data contained herein from third party providers is obtained from what are considered reliable sources. However, its accuracy, completeness or reliability cannot be guaranteed.Investing involves risk, including loss of principal. Indexes are unmanaged, do not incur management fees, costs, and expenses and cannot be invested in directly. For more information on indexes, please see schwab.com/indexdefinitions. Performance may be affected by risks associated with non-diversification, including investments in specific countries or sectors. Additional risks may also include, but are not limited to, investments in foreign securities, especially emerging markets, real estate investment trusts (REITs), fixed income, municipal securities including state specific municipal securities, small capitalization securities and commodities. Each individual investor should consider these risks carefully before investing in a particular security or strategy.All names and market data shown above are for illustrative purposes only and are not a recommendation, offer to sell, or a solicitation of an offer to buy any security.Technical analysis is not recommended as a sole means of investment research.Diversification, asset allocation, and rebalancing strategies do not ensure a profit and do not protect against losses in declining markets.This information is not a specific recommendation, individualized tax, legal, or investment advice. Tax laws are subject to change, either prospectively or retroactively. Where specific advice is necessary or appropriate, individuals should contact their own professional tax and investment advisors or other professionals (CPA, Financial Planner, Investment Manager, Estate Attorney) to help answer questions about specific situations or needs prior to taking any action based upon this information.Rebalancing may cause investors to incur transaction costs and, when a non-retirement account is rebalanced, taxable events may be created that may affect your tax liability.Currency trading is speculative, very volatile and not suitable for all investors.Forecasts contained herein are for illustrative purposes only, may be based upon proprietary research and are developed through analysis of historical public data.The policy analysis provided by the Charles Schwab & Co., Inc., does not constitute and should not be interpreted as an endorsement of any political party.(0825-YCMU)

MacroVoices Erik Townsend & Patrick Ceresna welcome, Ole Hansen. They'll discuss all things commodities from tariffs to energy to precious metals and much more. https://bit.ly/3Uu4vog  

An independent central bank is the key to providing credibility to its monetary policy choices; credibility which anchors inflation expectations and allows a central bank to manage the demand-side of the economy and meet its mandate. In this episode of All the Credit®, we highlight the importance of central bank independence, discussing its significance, potential threats, and the implications of political interference—particularly in the context of the U.S. Federal Reserve. PGIM's Tom Porcelli, Deputy Head of Global Economics and Chief U.S. Economist, hosts this discussion with Daleep Singh, Vice Chair and Chief Global Economist, and Katharine Neiss, PhD, Deputy Head of Global Economics and Chief European Economist. Recorded on August 5, 2025.

After an extraordinarily divisive Bank of England policy meeting, Group Chief Economist Neil Shearing explores why it's become so difficult to get a clear read on the UK economy. Part of the problem lies with the data – an issue now making headlines in the US following Donald Trump's dismissal of the Bureau of Labor Statistics commissioner. Neil explains what this means for the credibility of official data and what to watch for in the upcoming BLS inflation release, which could prove pivotal for the Fed's September decision. Plus, Thomas Ryan from our US team looks at why Trump's promises to restore American manufacturing are likely to fall far short of reality.Analysis and events referenced in this episode:Read: Miran a good pick for the FedRead: Integrity of economic data safe for nowUS Drop-In: Are higher tariff rates fuelling inflation – and how should the Fed respond?Data: UK Employment IndicatorRead: Tariffs will not fix decades-long manufacturing decline

MacroVoices Erik Townsend & Patrick Ceresna welcome, Daniel Lacalle.  They'll discuss tariffs, recession risks, the European perspective on U.S. geopolitics and markets, the future of the EU's relationship with the United States, precious metals, energy, and much more. https://bit.ly/4llKZ8z  

Rashad Ahmed is a former Treasury and Office of the Comptroller of the Currency financial economist and is currently an economist at the upstart Andresen Institute for Finance and Economics. In Rashad's first appearance on the show, he discusses the real-world impacts of the GENIUS Act, what US stablecoin regulation means for the rest of the world, the state of crypto adoption, and much more.   Check out the transcript for this week's episode, now with links. Recorded on June 27th, 2025 Subscribe to David's Substack: Macroeconomic Policy Nexus Follow David Beckworth on X: @DavidBeckworth Follow Rashad Ahmed on X: @VARshad_ Follow the show on X: @Macro_Musings Check out our Macro Musings merch! Subscribe to David's new BTS YouTube Channel  Timestamps 00:00:00 - Bumper 00:00:31 - Intro 00:01:44 - Rashad's Career 00:07:33 - Global State of Crypto 00:23:48 - Stablecoins and Safe Asset Prices 00:40:00 - Sovereign Default Risk and Cryptocurrency Adoption 00:56:51 - Outro

Craig Hemke, Founder and Editor of TF Metals Report, joins me for a wide-ranging discussion on the macroeconomic market movers over the last few weeks and looking ahead to a potential cattle call into gold, silver, and the precious metals equities.  We also dig into the whipsaw copper pricing as a result of the Trump tariff policies and where things may settle out.    Topics we discuss:   Craig walks us through the macroeconomics forces at work between US fiscal policy and Fed monetary policy, and how interest rates trends, and the potential for yield curve controls will likely push the US dollar lower, and the precious metals sector higher.   He points out the jobs report numbers, and downward revisions of the prior 2 months jobs metrics. Craig highlights the potential policy error that Jerome Powell and the Fed have made in delaying cutting the Fed funds rate by pointing to strong jobs figures the last few months as proof of a robust economy. Now it is clear they were not nearly as strong as reported.   Craig feels the pathway forward from the Trump administration is to either remove Powell early, or replace him as soon as possible next year with a dovish Fed chairman that will move to quickly cut interest rates and work in concert with the US Treasury Department.  The plan will be to lower rates to reduce down the burden of debt repayment, but then also to keep spending with fiscal policy to try and grow (and by default inflate) our way out of the current situation.   The US dollar's recent rally may ending up having been a head-fake, which caught some market participants off-sides, as the greenback has already started rolling over lower once again.   This dollar weakness and worse-than-anticipated jobs data has boosted the precious metals sector at the end of last week and we are seeing follow through strength in gold and silver to kick off this week.   We also discussed how copper pricing went on a wild ride building up to the proposed 50% copper tariffs, but then reversed down sharply when it turned out the tariffs were only on finished copper products, but not copper concentrates or refined copper itself.   Craig outlined how silver, platinum, and palladium got caught up in that move higher in copper, and did reverse down initially with copper's crash lower, but have since stabilized and started trekking back higher again with gold.   We wrap up discussing the moves we've seen lately in PM producers on the back of strong Q2 numbers, noting Agnico Eagle's recent barn-burner quarter, and that we are already one third of the way through Q3 with even higher average metals prices.  If people get a sense that these macro forces and higher underlying gold and silver prices are going to stay elevated, then there could be a cattle-call and stampede into the precious metals equities.   Click here to visit Craig's website – TF Metals Report

This week, Kevin Gordon fills in for Liz Ann Sonders while she is on vacation. Kevin and Kathy Jones discuss the current state of the markets, focusing on tariff implications, inflation concerns, labor market dynamics, and sector performance. They explore how these factors influence investment strategies and the overall economic outlook, emphasizing the importance of understanding underlying trends and potential volatility ahead.On Investing is an original podcast from Charles Schwab. For more on the show, visit schwab.com/OnInvesting. If you enjoy the show, please leave a rating or review on Apple Podcasts.Important DisclosuresThis material is intended for general informational and educational purposes only. This should not be considered an individualized recommendation or personalized investment advice. The investment strategies mentioned may not be suitable for everyone. Each investor needs to review an investment strategy for his or her own particular situation before making any investment decisions.All expressions of opinion are subject to change without notice in reaction to shifting market, economic or political conditions. Data contained herein from third party providers is obtained from what are considered reliable sources. However, its accuracy, completeness or reliability cannot be guaranteed.Investing involves risk, including loss of principal. Performance may be affected by risks associated with non-diversification, including investments in specific countries or sectors. Additional risks may also include, but are not limited to, investments in foreign securities, especially emerging markets, real estate investment trusts (REITs), fixed income, municipal securities including state specific municipal securities, small capitalization securities and commodities. Each individual investor should consider these risks carefully before investing in a particular security or strategy.All names and market data shown above are for illustrative purposes only and are not a recommendation, offer to sell, or a solicitation of an offer to buy any security.This information is not a specific recommendation, individualized tax, legal, or investment advice. Tax laws are subject to change, either prospectively or retroactively. Where specific advice is necessary or appropriate, individuals should contact their own professional tax and investment advisors or other professionals (CPA, Financial Planner, Investment Manager, Estate Attorney) to help answer questions about specific situations or needs prior to taking any action based upon this informationForecasts contained herein are for illustrative purposes only, may be based upon proprietary research and are developed through analysis of historical public data.The policy analysis provided by the Charles Schwab & Co., Inc., does not constitute and should not be interpreted as an endorsement of any political party.The Sahm Rule or Sahm Recession Indicator signals the start of a recession when the three-month moving average of the national unemployment rate (U3) rises by 0.50 percentage points or more relative to the minimum of the three-month averages from the previous 12 months.(0825-S806)

Does July's grim US jobs report vindicate the Fed's dissenters who pushed for rate cuts this week? Deputy Chief North America Economist Stephen Brown and Deputy Chief Markets Economist Jonas Goltermann unpack what the latest data reveal about the health of the US economy, the Fed's strategy and how markets are reacting. Plus, with AI's global rollout pointing to formidable energy demands, Climate and Commodities Economist Olivia Cross explains where the supply will come from.Analysis and events referenced in this episode:Read: Tariff impact on inflation slowly buildingData: Tariff Impact ModelData: China-US Rerouting dashboardRead: How the AI race will reshape global energy marketsKey Issue: The economic and market impact of AI

MacroVoices Erik Townsend & Patrick Ceresna welcome, Rick Rule.  They'll discuss oil, uranium, gold and silver, and much more. https://bit.ly/40McC34  

In this episode of Coin Stories, Natalie Brunell talks with Danielle DiMartino Booth, CEO of Chief Strategist of QI Research and former Fed advisor, breaking down what's really going on with the U.S. economy. Topics discussed: The "silent recession" crushing the Middle Class Why people earning $150k feel poor The truth about recent economy data points, tariff impacts and inflation Fiscal dominance vs monetary policy What will happen if the Fed lowers interest rates in September?  Has Danielle changed her perspective on Bitcoin? Danielle is the author of "FED UP: An Insider's Take on Why the Federal Reserve Is Bad for America." Subscribe to QI Research: https://quillintelligence.com. Follow Danielle DiMartino Booth on X at https://x.com/DiMartinoBooth  ---- Coin Stories is powered by Gemini. Invest as you spend with the Gemini Credit Card. Sign up today to earn a $200 intro Bitcoin bonus. The Gemini Credit Card is issued by WebBank. See website for rates & fees. 10% back at golf courses is available until 9/30/2025 on up to $250 in spend per month. Learn more at https://www.gemini.com/natalie  ---- Coin Stories is powered by Bitwise. Bitwise has over $10B in client assets, 32 investment products, and a team of 100+ employees across the U.S. and Europe, all solely focused on Bitcoin and digital assets since 2017. Learn more at https://www.bitwiseinvestments.com  ---- Ledn is the global leader in Bitcoin-backed loans, issuing over $9 billion in loans since 2018, and they were the first to offer proof of reserves. With Ledn, you get custody loans, no credit checks, no monthly payments, and more. Learn more at https://www.Ledn.io/natalie  ---- Natalie's Bitcoin Product and Event Links: Earn 2-4% back in Bitcoin on all your purchases with the orange Gemini Bitcoin credit card: https://www.gemini.com/natalie   Secure your Bitcoin with collaborative custody and set up your inheritance plan with Casa: https://www.casa.io/natalie  Block's Bitkey Cold Storage Wallet was named to TIME's prestigious Best Inventions of 2024 in the category of Privacy & Security. Get 20% off using code STORIES at https://bitkey.world   Master your Bitcoin self-custody with 1-on-1 help and gain peace of mind with the help of The Bitcoin Way: https://www.thebitcoinway.com/natalie  For easy, low-cost, instant Bitcoin payments, I use Speed Lightning Wallet. Get 5000 sats when you download using this link and promo code COINSTORIES10: https://www.speed.app/sweepstakes-promocode/  Bitcoin 2026 will be here before you know it. Get 10% off Early Bird passes using the code HODL: https://tickets.b.tc/event/bitcoin-2026?promoCodeTask=apply&promoCodeInput=  Protect yourself from SIM Swaps that can hack your accounts and steal your Bitcoin. Join America's most secure mobile service, trusted by CEOs, VIPs and top corporations: https://www.efani.com/natalie   Your Bitcoin oasis awaits at Camp Nakamoto: A retreat for Bitcoiners, by Bitcoiners. Code HODL for discounted passes: https://massadoptionbtc.ticketspice.com/camp-nakamoto      ---- This podcast is for educational purposes and should not be construed as official investment advice. ---- VALUE FOR VALUE — SUPPORT NATALIE'S SHOWS Strike ID https://strike.me/coinstoriesnat/ Cash App $CoinStories #money #Bitcoin #investing

Paul Kupiec is a senior fellow at the American Enterprise Institute. In Paul's first appearance on the show, he discusses life at a think tank, the insolvency of the Fed, theories on how to fix the Fed's balance sheet, Ted Cruz's call to end interest on reserves, and much more.  Check out the transcript for this week's episode, now with links. Recorded on June 24th, 2025 Subscribe to David's Substack: Macroeconomic Policy Nexus Follow David Beckworth on X: @DavidBeckworth Follow the show on X: @Macro_Musings Check out our Macro Musings merch! Subscribe to David's new BTS YouTube Channel  Timestamps 00:00:00 - Intro 00:01:14 - Paul's Career 00:08:12 - Think Tanks 00:10:42 - Current State of the Fed's Balance Sheet 00:20:22 - The Federal Reserve and Gold 00:23:04 - The Fed's Unique Accounting 00:39:28 - Ending Interest on Reserve Payments to Banks 00:50:08 - Outro

Arif Joshi serves as a Portfolio Manager and Analyst on Lazard Asset Management's Emerging Markets Debt team. Our conversation focuses on recent and ongoing developments surrounding US trade policy, along with implications to the economy, and international markets. We also spend some time on pressing geopolitical topics such as the condition of the US-China relationship, along with the ongoing Russia-Ukraine War. Host: Daniel Cassidy

MacroVoices Erik Townsend & Patrick Ceresna welcome, Dr Pippa Malmgren. They discuss everything from the future of Stablecoins and the fate of the U.S. dollar as reserve currency to America's possible transition into a 7th party political system and even some shocking revelations about Jeffrey Epstein that go far beyond the usual headlines. https://bit.ly/3H2eFt1  

In the midst of another all-time market high, Doug and Greg discuss the potential for a new cycle of exuberance driven by IPOs. They delve into the significant market cap of tech giants like Nvidia and Microsoft, the incredible impact of AI on GDP growth and economic resilience, and the opportunities for small and mid-cap stocks. They also cover trade agreements, the relationship between interest rates and valuation, and how rate cuts could affect the economy. Key Takeaways [00:16] - Is the IPO window about to open again? [05:25] - The incredible (economy-saving?) impact of AI [06:08] - Will we see a resurgence for small and mid-cap stocks? [11:58] - Macroeconomics and trade agreements [14:47] - Speculating on the Fed Chair spat and interest rates View Transcript Links The market cap weighting of Nvidia and Microsoft in the S&P 500 is 15% AI Capex is Eating the Economy Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. Different types of investments involve varying degrees of risk. Therefore, it should not be assumed that future performance of any specific investment or investment strategy (including the investments and/or investment strategies referenced in our blogs/podcasts) or any other investment and/or non-investment-related content or services will be profitable, equal any historical performance level(s), be suitable or appropriate for a reader/listener's individual situation, or prove successful. Moreover, no portion of the blog/podcast content should be construed as a substitute for individual advice or services from the financial professional(s) of a reader/listener's choosing, including Stokes Family, LLC, a registered investment adviser with the SEC, with which the blogger/podcasters are affiliated.

Donald Trump and his trade war are symptoms, not causes, of a deeper shift in the global economic order. The world has fractured into rival blocs, with the US and China emerging as the poles of competing systems, vying for resources, technological dominance and geopolitical influence. Now, with Trump back in office, long-held assumptions about American leadership are once again in question. What does his return mean for the trajectory of this fracturing, and how has the balance of risks evolved?In this special edition of The Weekly Briefing from Capital Economics, Group Chief Economist Neil Shearing and Chief Asia Economist Mark Williams explore the fracturing of the global economy. Ahead of the publication of fresh analysis about how fracturing has developed since Trump's return, they talk to David Wilder about how this process began long before the president was elected in 2016,  how it's accelerating under his second term and where it might lead. Topics covered in this 30-minute episode include:The inevitability of US–China economic rivalry – and the scope for détenteHow fracturing is fuelling a global tech arms raceWhether Trump's unilateralism could further strain or even break Western alliances.Events and analysis referenced in this episode:Fracturing under Trump – Register now:Singapore, 3rd SeptemberHong Kong, 4th SeptemberLondon, 17th SeptemberNew York, 9th OctoberRead: The fracturing of the global economyRead: The US, China and the Fractured Age

Robert Sinn, (aka Goldfinger on CEO.ca and CeoTechnican on X) and publisher of Goldfinger Capital on YouTube and Substack, joins me for a wide-ranging discussion on macroeconomic market movers as well as his fundamental and technical outlook on gold, silver, copper, and their related resource stocks.   There are a range of topic covered when reviewing the macroeconomics landscape which include:  The Trump administration's policy on tariffs, Fed policy, the continued US dollar weakness, central bank buying of precious metals, the continued move higher US equities and cryptocurrencies in a very risk-on market, and China's economic health improving.   Shifting over to the precious metals, Robert points out that gold is still playing a role as an alternative currency and as a solid hard asset and safe haven for investors as a store of value.  We look to the upcoming positive expectations for Q2 earnings season in the gold producers over the next few weeks, and discuss how money has moved down the risk curve from the producers and quality developers into the optionality plays, advanced explorers, and discovery-stage exploration companies. We also opine on the kinds of merger and acquisition deals we may start to see as cashed up producers merge with one another to mass up or may go after large defined orebodies without a prohibitive capex to build them into mines. Robert highlighted Banyan Gold Corp. (TSXV:BYN)(OTCQB:BYAGF), Sitka Gold Corp. (TSXV: SIG) (OTCQB: SITKF), and Ramp Metals Inc. (TSXV: RAMP) as three gold exploration stocks that have his attention at present.   Next we discuss the technical setup for silver as it has been in a catchup trade to gold, where it has been leading the last few months on a percentage basis.  We also note that the silver stocks have really moved a lot in response to this latest move in silver, adding credence to wider breadth across the PM sector.   We wrap up looking at the technical setup in the price action we've seen in copper, blasting up over $5 for the third time and to recent all-time highs on the back on the proposed Trump tariffs on the red metal.  Robert shares a few copper exploration stocks he likes, such as Hercules Metals Corp. (TSXV: BIG) (OTCQB: BADEF) and Ridgeline Minerals Corp. (TSXV: RDG) (OTCQB: RDGMF), and reiterates why he likes Idaho, Nevada, and Arizona as US jurisdictions for copper companies.   Follow Robert's analysis on Substack   https://ceo.ca/@goldfinger   Click here to follow Robert on X/Twitter   https://www.youtube.com/@GoldfingerCapital/videos

Over the summer, The Bid brings back some of the best episodes from the last year. Kicking off the series, hosts Oscar and Stevie take a look back on one of the most popular episodes, recorded live on location in Davos, Switzerland.In a special episode recorded from Davos, host Oscar Pulido is joined by Philipp Hildebrand, Vice Chairman of BlackRock, and Tom Donilon, Chairman of the BlackRock Investment Institute, to discuss the latest insights on the macroeconomic and geopolitical outlook for 2025. Philipp and Tom will provide their expert analysis on how these dynamics are shaping the global economic environment and what it means for investors and policymakers, offering listeners a behind-the-scenes perspective from Davos. Original episode aired January 24th 2025Key moments in this episode:00:00 Introduction to The Bid's Best of Summer Series00:49 Oscar's Favorite Episode: Geopolitics Live from Davos03:02 Insights from Davos: Geopolitical and Economic Outlook05:35 The Impact of AI and Technology07:41 US-China Relations and Global Fragmentation10:59 Economic Outlook for 202518:02 Europe's Response to Global Challenges26:00 Reflections and Closing Remarks

In this week's episode, Kathy and Liz Ann discuss the June inflation data, its implications for the market, and the Federal Reserve's policy decisions. They explore the impact of tariffs on inflation, the rise in global yields, and the dynamics of the dollar. The discussion also touches on complacency, the influence of AI on the economy and the challenges facing stagnation in the housing market. On Investing is an original podcast from Charles Schwab. For more on the show, visit schwab.com/OnInvesting. If you enjoy the show, please leave a rating or review on Apple Podcasts.Important DisclosuresThe information provided here is for general informational purposes only and should not be considered an individualized recommendation or personalized investment advice. The investment strategies mentioned here may not be suitable for everyone. Each investor needs to review an investment strategy for his or her own particular situation before making any investment decision. All expressions of opinion are subject to change without notice in reaction to shifting market conditions. Data contained herein from third-party providers is obtained from what are considered reliable sources. However, its accuracy, completeness, or reliability cannot be guaranteed. Examples provided are for illustrative purposes only and not intended to be reflective of results you can expect to achieve. Investing involves risk, including loss of principal. Performance may be affected by risks associated with non-diversification, including investments in specific countries or sectors. Additional risks may also include, but are not limited to, investments in foreign securities, especially emerging markets, real estate investment trusts (REITs), fixed income, municipal securities including state specific municipal securities, small capitalization securities and commodities. Each individual investor should consider these risks carefully before investing in a particular security or strategy.All names and market data shown above are for illustrative purposes only and are not a recommendation, offer to sell, or a solicitation of an offer to buy any security.Currency trading is speculative, volatile and not suitable for all investors.The information and content provided herein is general in nature and is for informational purposes only. It is not intended, and should not be construed, as a specific recommendation, individualized tax, legal, or investment advice. Tax laws are subject to change, either prospectively or retroactively. Where specific advice is necessary or appropriate, individuals should contact their own professional tax and investment advisors or other professionals (CPA, Financial Planner, Investment Manager) to help answer questions about specific situations or needs prior to taking any action based upon this information.Options carry a high level of risk and are not suitable for all investors. Certain requirements must be met to trade options through Schwab. Please read the Options Disclosure Document titled "Characteristics and Risks of Standardized Options" before considering any option transaction. Futures and futures options trading involves substantial risk and is not suitable for all investors. Please read the Risk Disclosure Statement for Futures and Options prior to trading futures products.Forecasts contained herein are for illustrative purposes only, may be based upon proprietary research and are developed through analysis of historical public data.The policy analysis provided by the Charles Schwab & Co., Inc., does not constitute and should not be interpreted as an endorsement of any political party.Fixed income securities are subject to increased loss of principal during periods of rising interest rates. Fixed income investments are subject to various other risks including changes in credit quality, market valuations, liquidity, prepayments, early redemption, corporate events, tax ramifications, and other factors.(0725-KMRT)

Group Chief Economist Neil Shearing sifts through a deluge of DM inflation data to highlight where tariff effects are coming through, where price pressures look too hot and which central banks are best positioned to press on with policy easing. He also talks to David Wilder about what China's manufacturing overdrive is doing to the global inflation picture.Also on the show, how serious is Donald Trump about forcing out Jerome Powell? Deputy Chief North America Economist Stephen Brown talks about the market response to the latest attacks on the Fed chief, why forcing him out could prove counterproductive for a president wanting cheaper borrowing costs, and what to watch as the White House steps up the pressure. Events and analysis referenced in this episode:ECB Watch: A pause, or an end, to the easing cycleGlobal Drop-In: Fed, ECB and Bank of England – Unpacking the latest rate movesDrop-In: Could South Africa be about to see a big bond rally?Read: What happens if Trump fires Powell?

MacroVoices Erik Townsend & Patrick Ceresna welcome, Darius Dale. They discuss why Darius is bullish on U.S. equities, echoing Lyn Alden's recent views, as the U.S. pivots to a pro-growth fiscal policy aimed at "growing our way out" of its national debt crisis. But Darius also warns that if this strategy fails, the likely fallback will be monetary debasement, so investors should take profits before that chapter begin. https://bit.ly/3GRPBou  

The annual Kagan Media and Telecom Summit in New York is in the books and it not only covered a lot of market activity, but it was also surrounded by a number of media and sports rights headlines. Justin Nielson, Eric Keith, Scott Robson and Seth Shafer joined host Eric Hanselman to look at what was covered in the expansive event and the time around it. There were big shifts in media rights and a couple of sports team sales that led to lively discussions. Networks are balking at some of the lofty prices for sports media rights in the face of streaming services' higher demand. The realignment of regional sports coverage is still shaking out, as well. Media consolidation keeps hovering, but will it always be next year's prospect? Macroeconomic uncertainty seems to be playing a role and the pendulum on cord cutting seems to be swinging back around. In broadband, the reset of the BEAD program has states scrambling to reapply under the new, much tighter deadline. Will this drive fixed wireless access (FWA)? Satellite is still a possibility in remote regions, but costs may hold it back. Private equity activity in fiber networks could be reaching a tipping point, as their investments mature and operators' partners shift strategies. There was a lot in store and much more to come. More S&P Global Content: Kagan Media and Telecom Summit event link For S&P Global subscribers: A sneak preview of the Kagan Media & Telecom Summit 2025 See it in charts: TV Networks, June 2025 Comcast strikes sports network deal; Streaming services expand sports viewing New media rights deal a slam dunk for the NBA Kagan Media & Telecom Summit 2025: Broadband panel discussion Credits: Host/Author: Eric Hanselman Guests: Justin Nielson, Erik Keith, Scott Robson, Seth Shafer Producer/Editor: Adam Kovalsky Published With Assistance From: Sophie Carr, Feranmi Adeoshun, Kyra Smith  

Tariffs stormed back into the headlines this week as the pause on ‘Liberation Day' levies expired with a flurry of warnings about steep rate hikes unless deals are struck by 1st August. Group Chief Economist Neil Shearing unpacks the implications, while Head of China Economics Julian Evans-Pritchard provides the view from Beijing. They also explore with David Wilder why inflation is a risk in the US but deflation looms in China, and what policymakers are (and aren't) doing to fix it.Also on the show: As warnings mount over AI-driven job losses, Senior Economic Adviser Vicky Redwood separates hype from reality and explains what's happening now in labour markets, and what the future may hold.Analysis and events referenced in this episode:Data: US-China Trade ReroutingRead: Tackling Chinese overcapacity will require demand-side stimulusRead: Fears about AI-driven job losses are overdoneRead: The economic and market impact of AIUpcoming Drop-Ins

MacroVoices Erik Townsend & Patrick Ceresna welcome, Lyn Alden. They discuss why Lyn believes investors should run their portfolios hot in today's environment. With fiscal policy now driving market outcomes more than monetary, Lyn argues this backdrop supports further upside for equity markets. https://bit.ly/4lFuowO  

Jordan Brooks serves as Principal and Co-Head of the Macro Strategies Group at AQR Capital Management. With no shortage of macroeconomic and geopolitical risks out there for investors to consider, Jordan explains what is top of mind for his team at AQR, and shares guidance when it comes to navigating these types of risks accordingly (including the role alternative investments can play in a portfolio). Host: Daniel Cassidy

In this episode of GMS Weekly, hosts Henning, Ryan, Grace, and Ingrid break down the major market movements in global ship recycling for Week 27 (July 4, 2025). With the Hong Kong Convention now officially in force, South Asia's ship recycling landscape is shifting fast. India holds steady with over 100 HKC-compliant yards, while Bangladesh and Pakistan scramble to upgrade amid declining prices and tighter tonnage supply. We cover: Macroeconomic pressures: oil at USD 66.5/barrel, inflation woes, and a falling Baltic Exchange. Subcontinent sentiment: India's predictability, Bangladesh's sub-USD 400/LDT offers, and Pakistan's early upgrade efforts. Turkey's ongoing regulatory red tape and a fire incident dampening its yard activity. Stay ahead with our analysis of: Regional pricing trends Compliance dynamics under HKC Where to position your vessels next Subscribe to GMS Weekly for complete demo pricing, port-by-port breakdowns, and vessel intelligence: https://www.gmsinc.net/get-in-touch?#SubscribeToGMS   GMS Mobile App: https://onelink.to/gms-app Linkedin: https://www.linkedin.com/company/gms-leadership X: https://x.com/GMS_Leadership Instagram: https://www.instagram.com/gms__leadership Facebook: https://www.facebook.com/gmsleadership/

Mohnish Pabrai's Session with Divya Narendra at SumZero on June 10, 2025.                                                       (00:00:00) - Introduction (00:00:57) - Berkshire Hathaway: Greg Abel  (00:07:59) - Mag 7 (00:11:16) - Microsoft: Dinner with Bill Gates (00:16:45) - Investing in commodities (00:18:59) - Met Coal & Berkshire's investment in Burlington Northern Railroads (00:23:44) - Thermal Coal vs. Metallurgical Coal (00:26:28) - Learning from mistakes; Selling a stock (00:28:51) - Shipping and Offshore oil drilling businesses; Nobel & Valaris (00:32:09) - Challenges for the coal industry (00:36:11) - Investment in Turkiye -TAV Airports; Laguardia (00:38:25) - Indian Energy Exchange & National Stock Exchange (00:39:28) - Macroeconomic factors and impact on the portfolio (00:43:54) - Book recommendation; Buffett and Munger Unscripted (00:45:08) - Investing in global markets (00:46:06) - Portfolio concentration; Walmart & the Walton family (00:47:59) - Geopolitics The contents of this website are for educational and entertainment purposes only, and do not purport to be, and are not intended to be, financial, legal, accounting, tax or investment advice. Investments or strategies that are discussed may not be suitable for you, do not take into account your particular investment objectives, financial situation or needs and are not intended to provide investment advice or recommendations appropriate for you. Before making any investment or trade, consider whether it is suitable for you and consider seeking advice from your own financial or investment adviser.

On the latest episode of The Weekly Briefing from Capital Economics, Group Chief Economist Neil Shearing joins David Wilder to unpack the key developments in global macro and markets, including:What to expect as the ‘Liberation Day' tariff pause approaches expiryWhether the US and EU can strike a trade deal in timeWhy China is central to the US–Vietnam trade agreementWhat's really troubling about the passage of Trump's “big, beautiful” tax billWhat moves in gilt and sterling markets this week revealed about the UK Labour Party's fiscal credibilityAlso on the show, Senior Global Economist Ariane Curtis discusses her new in-depth report on the outlook for global trade amid rising tariffs. She explains why her forecasts challenge the narrative of deglobalisation and also shares highlights from our latest Global Economic Outlook, including China's looming slowdown and India's relative outperformance.Analysis and data referenced in this episode:Data: China-US Trade ReroutingData: Tariff Impact ModelRead: What do tariffs mean for global trade?Data: Euro-zone Debt Sustainability Monitor

MacroVoices Erik Townsend & Patrick Ceresna welcome, Larry McDonald. They'll discuss everything from copper to the dollar to precious metals. https://bit.ly/3Gqe0Bt  

So far, 2025 has been a year of sharp policy shifts and heightened macroeconomic uncertainty. With volatility becoming the new normal, how can investors stay grounded? In this episode of The Bid, host Oscar Pulido welcomes back Glenn Purves, Global Head of Macro at the BlackRock Investment Institute, to break down the firm's 2025 Midyear Outlook.They explore why the long-term economic picture has become less predictable, how mega forces like AI and geopolitical fragmentation are reshaping global economic markets, and what “investing in the here and now” really means. From the role of private capital in funding infrastructure and energy to the balance between strategic and tactical asset allocation, Glenn shares how investors can find opportunity amid uncertainty in the economy—and what risks investors should watch for in the second half of the year.Sources: 2025 Midyear Outlook, BlackRock Investment InstituteKey moments in this episode:00:00 Introduction to 2025 Market Volatility01:55 Introducing the Investment Midyear Outlook02:46 Geopolitical Fragmentation and Mega Forces03:48 3 Investment Themes In 202505:10 Navigating Uncertainty and Risk08:47 The Role of AI and Energy in Investments13:19 Geopolitical Landscape and Trade Policies16:49 Conclusion and Key Takeaways19:30 Summer Series on The Bid

Mark Blyth is a professor of international economics at Brown University. In Mark's first appearance on the show, he discusses his new book Inflation: A Guide for Users and Losers, the concept of angrynomics, a new way to look at price controls, demographic decline, and much more. Check out the transcript for this week's episode, now with links. Recorded on June 4th, 2025 Subscribe to David's Substack: Macroeconomic Policy Nexus Follow David Beckworth on X: @DavidBeckworth Follow Mark on X: @MkBlyth Follow the show on X: @Macro_Musings Check out our Macro Musings merch! Subscribe to David's new BTS YouTube Channel  Timestamps 00:00:00 - Intro 00:00:50 - Angrynomics 00:03:56 - Motivation for ‘Inflation: A Guide for Users and Losers' 00:08:27 - Five Things They Don't Tell You About Inflation 00:14:32 - Good, Bad, and Ugly Inflation 00:18:14 - Interest Rates and Inflation 00:21:33 - Price Controls 00:26:13 - Stories About Inflation 00:35:03 - Hyperinflation 00:42:24 - Pandemic Inflation 00:58:00 - Disinflation, China, and Demographic Decline 01:00:30 - Recommendations for Policymakers 01:02:00 - Outro

On this week's episode, Kathy Jones and Liz Ann Sonders discuss the current state of the markets amid geopolitical tensions in the Middle East and the implications for oil prices and overall investor sentiment.  Then, Kathy Jones sits down with Mike Townsend, Schwab's managing director of legislative and regulatory affairs, to discuss the evolving geopolitical landscape, particularly the U.S. involvement in the Middle East and its implications for foreign policy. They explore market reactions to recent conflicts, the current state of tariffs and trade negotiations, and the impact of immigration policies on labor markets. Additionally, they highlight key policy issues for investors to watch in the second half of the year, including the potential for deregulation and the future of cryptocurrency regulation.You can follow Mike Townsend on LinkedIn or X.On Investing is an original podcast from Charles Schwab. For more on the show, visit schwab.com/OnInvesting. If you enjoy the show, please leave a rating or review on Apple Podcasts.Important DisclosuresInvestors should consider carefully information contained in the prospectus, or if available, the summary prospectus, including investment objectives, risks, charges, and expenses. You can request a prospectus by calling 800-435-4000. Please read the prospectus carefully before investing.The information provided here is for general informational purposes only and should not be considered an individualized recommendation or personalized investment advice. The investment strategies mentioned here may not be suitable for everyone. Each investor needs to review an investment strategy for his or her own particular situation before making any investment decision.All expressions of opinion are subject to change without notice in reaction to shifting market conditions. Data contained herein from third-party providers is obtained from what are considered reliable sources. However, its accuracy, completeness, or reliability cannot be guaranteed.Examples provided are for illustrative purposes only and not intended to be reflective of results you can expect to achieve.Investing involves risk, including loss of principal.Performance may be affected by risks associated with non-diversification, including investments in specific countries or sectors. Additional risks may also include, but are not limited to, investments in foreign securities, especially emerging markets, real estate investment trusts (REITs), fixed income, municipal securities including state specific municipal securities, small capitalization securities and commodities. Each individual investor should consider these risks carefully before investing in a particular security or strategy.Forecasts contained herein are for illustrative purposes only, may be based upon proprietary research and are developed through analysis of historical public data.The information and content provided herein is general in nature and is for informational purposes only. It is not intended, and should not be construed, as a specific recommendation, individualized tax, legal, or investment advice. Tax laws are subject to change, either prospectively or retroactively. Where specific advice is necessary or appropriate, individuals should contact their own professional tax and investment advisors or other professionals (CPA, Financial Planner, Investment Manager) to help answer questions about specific situations or needs prior to taking any action based upon this information.The policy analysis provided by the Charles Schwab & Co., Inc., does not constitute and should not be interpreted as an endorsement of any political party.Fixed income securities are subject to increased loss of principal during periods of rising interest rates. Fixed income investments are subject to various other risks including changes in credit quality, market valuations, liquidity, prepayments, early redemption, corporate events, tax ramifications, and other factors.Currency trading is speculative, volatile and not suitable for all investors.Futures and futures options trading involves substantial risk and is not suitable for all investors. Please read the Risk Disclosure Statement for Futures and Options prior to trading futures productsAll  names and market data shown above are for illustrative purposes only and are not a recommendation, offer to sell, or a solicitation of an offer to buy any security.Cryptocurrency-related products carry a substantial level of risk and are not suitable for all investors. Investments in cryptocurrencies are relatively new, highly speculative, and may be subject to extreme price volatility, illiquidity, and increased risk of loss, including your entire investment in the fund. Spot markets on which cryptocurrencies trade are relatively new and largely unregulated, and therefore, may be more exposed to fraud and security breaches than established, regulated exchanges for other financial assets or instruments. Some cryptocurrency-related products use futures contracts to attempt to duplicate the performance of an investment in cryptocurrency, which may result in unpredictable pricing, higher transaction costs, and performance that fails to track the price of the reference cryptocurrency as intendedShort selling is an advanced trading strategy involving potentially unlimited risks, and must be done in a margin account. [There is no guarantee the brokerage firm can continue to maintain a short position for any period of time. Your position may be closed out by the firm without regard to your profit or loss.](0625-B9S2)

MacroVoices Erik Townsend & Patrick Ceresna welcome, David Rosenberg. They discuss the equity market outlook, inflation, precious metals, the U.S. Dollar, and much more. https://bit.ly/3TJ6MLO  

As part of its exclusive series on the YouTube Ecosystem, Next in Media spoke with John Terrana, President, Americas at VaynerMedia, about why most clients aren't racing to lock up much inventory beyond sports this year, and the 'weirdo' spot YouTube still finds itself in.

Navigating Risk, Noise, and Uncertainty: Barry Ritholtz on Investing in a Volatile World   In my conversation with Barry Ritholtz, chairman of Ritholtz Wealth Management and host of Bloomberg's “Masters in Business” podcast, we explored market and real estate cycles, caution, and capital allocation in today's increasingly unpredictable economic environment. Below are the most actionable and provocative takeaways for real estate investors, both passive and professional, drawn from Barry's decades of lessons and market observations.   Origins of Insight: From Blog to Bloomberg Ritholtz didn't set out to run a multi-billion-dollar firm. What started as daily trading notes eventually evolved into a blog, a book, Bailout Nation, and a platform that positioned him to correctly call both the top and bottom of the 2008 financial crisis. This journey, grounded in curiosity and behavioral finance, shaped the contrarian and data-driven approach he still employs today.   "I just wanted to know why some people made money while others didn't doing the same thing."   The 2008 Playbook: Behavioral Edge Over Economic Models Ritholtz attributes his early warning of the Global Financial Crisis (GFC) to non-traditional thinking and real estate roots (his mother was a real estate agent). Observing abnormal refinancing activity and "cash-out mania" led him to investigate securitized debt and derivative risk, well before it was mainstream.   He reverse-engineered risk from Reinhart & Rogoff's crisis research and famously predicted the Dow's decline to ~6,800—earning mockery initially, then vindication.   Echoes of 2008? Why This Time Feels Precarious While he stops short of predicting a crisis, Ritholtz allows for a 10–15% probability of a self-inflicted depression – a worst-case scenario rooted not in structural weakness, but political mismanagement.   “It [is an] asymmetrical risk to take one bullet, put it in a six shooter, spin the wheel, and put it up against your head with a $28 trillion economy.”   From tariffs to immigration policy to fiscal gamesmanship, Ritholtz sees signs that the U.S. may be eroding the long-standing trust that underpins reserve currency status and global capital flows.   Cash Isn't a Plan, Discipline Is When asked whether it makes sense to sit in cash and wait out the next downturn, Ritholtz counters with behavioral caution. Historically, those who “go to cash” rarely reenter at the right time and often miss the rebound entirely.   “If you're going to sit out in cash, do you have the temperament, the discipline to get back in?” Instead, he recommends building resilience: modest leverage, long-term focus, and capital efficiency – hallmarks of legends like Sam Zell, who Ritholtz holds up as a model of disciplined real estate investing.   A Word on Leverage: Use with Extreme Care High leverage is the common thread in stories of ruin. Ritholtz referenced the downfall of the Peloton CEO, who borrowed heavily against inflated stock. The same caution applies to over-leveraged real estate investors, especially those who haven't endured a full cycle.   “Market crashes are where capital returns to its rightful owners.”   For CRE sponsors, now is the time to refinance where possible, preserve cash, and maintain flexibility, even if that means lower IRR projections.   How to Filter the Noise: Create an Information Diet Ritholtz emphasized the need to tune out “financial candy from strangers” – the firehose of social media, Substacks, and hot takes by unvetted commentators.   “They don't know your zip code, your goals, your tax bracket. Why would you trust them?” He recommends identifying a shortlist of credible voices with defined, rational processes and a record of sound judgment. “Build your A-Team,” he advises. “Then ignore the rest.”   Real Estate Today: Not Monolithic, but Multifaceted Unlike equities, real estate behaves very differently depending on location, asset class, and capital structure. While some sectors (e.g., Class B office) remain distressed, others (e.g., data centers, multifamily in select markets, industrial) are faring relatively well.   “Literally, there are properties [Zell] held for half a century. He was long term… used modest amounts of leverage, and he bought great properties at even better prices.”   Ritholtz warns against painting real estate with a broad brush and urges nuanced thinking about cycles, risk-adjusted return, and operator quality.   Sentiment vs. Signals: What to Watch Now While he downplays the predictive power of investor sentiment, Ritholtz monitors: Three-month moving averages of non-farm payrolls Rounded tops in S&P earnings trends Residential real estate supply conditions in key metros Dollar strength (as a proxy for confidence and capital flows) “If the dollar keeps falling and supply starts rising in housing markets, it's time to pay attention.”   Dollar, Debt, and the Doomsayers Ritholtz is blunt about the debt debate. He finds most public discourse alarmist and often wrong. With the U.S. still enjoying reserve currency privileges, he sees no imminent collapse but warns against complacency.   “We've been hearing the deficit will destroy America for 50 years. It hasn't. But bad policy could.”   He is more concerned with underinvestment in infrastructure and human capital than with rising debt levels per se.   Closing Counsel for Investors For those sitting on fresh capital, say $1 million, Ritholtz advises: Clarify your goals (retirement, education, housing). Max out tax-advantaged accounts. Build a core of low-cost index exposure. Don't chase alpha before securing beta. Avoid overcomplexity: “Two dozen funds is not a portfolio.” His parting message? Discipline beats prediction. And humility is a superpower.   Final Thought “Everyone is faking it to some degree. The real danger isn't what you don't know – it's not knowing what you don't know.”   In an age of volatility and noise, Ritholtz's framework stands out: stay informed, stay skeptical, and invest like risk is real – because it is.   *** In this series, I cut through the noise to examine how shifting macroeconomic forces and rising geopolitical risk are reshaping real estate investing.   With insights from economists, academics, and seasoned professionals, this show helps investors respond to market uncertainty with clarity, discipline, and a focus on downside protection.    Subscribe to my free newsletter for timely updates, insights, and tools to help you navigate today's volatile real estate landscape. You'll get: Straight talk on what happens when confidence meets correction - no hype, no spin, no fluff. Real implications of macro trends for investors and sponsors with actionable guidance. Insights from real estate professionals who've been through it all before. Visit GowerCrowd.com/subscribe Email: adam@gowercrowd.com Call: 213-761-1000

Marc Stacey, Senior Portfolio Manager for Investment Grade, and Mike Reed, Head of Global Financial Institutions, discuss ongoing market uncertainty, the end of US exceptionalism and how European banks have been on a positive trajectory from a fundamentals perspective in recent years. They also highlight how investment grade companies are likely to be impacted by the current environment and what this means for the team's investment opportunities.

Sam Schulhofer-Wohl is a senior vice president and the senior advisor to President Lorie Logan of the Federal Reserve Bank of Dallas. Sam returns to the show to discuss recent macroeconomic conferences in the context of changes in the Treasury market and with central bank operating systems around the globe. Check out the transcript for this week's episode, now with links. Recorded on May 27th, 2025 Subscribe to David's Substack: Macroeconomic Policy Nexus Follow David Beckworth on X: @DavidBeckworth Follow the show on X: @Macro_Musings Check out our Macro Musings merch! Subscribe to David's new BTS YouTube Channel  Timestamps 00:00:00 - Bumper 00:00:20 - Intro 00:01:19 - Monetary Policy Conferences 00:03:15 - Role of Nonbank Institutions in the Treasury and Money Markets 00:07:48 - Central Clearing 00:33:19 - Operating Systems in Central Banks 00:49:52 - Outro

MacroVoices Erik Townsend & Patrick Ceresna welcome, Jeff Currie. They'll discuss what Jeff calls the “New Joule Order” and why Jeff says there's really no limit to how much higher the price of Gold can go given the current macro backdrop. https://bit.ly/4na3hvu  

MacroVoices Erik Townsend & Patrick Ceresna welcome, Rory Johnston. They'll discuss Rory's view that the WTI forward curve has taken an unprecedented and bizarre shape, and much more. https://bit.ly/4jSlHOz  

Mohnish Pabrai's Sessions at University of Nebraska Omaha on May 2, 2025 and Heilbrunn Center for Graham and Dodd Investing at Columbia Business School on March 25, 2025. (00:00:00) - Introduction (00:02:20) - Walmart vs The Nifty-Fifty (00:05:18) - Berkshire's 12 best decisions in 58 years; Ajit Jain (00:08:05) - Nick Sleep (00:12:06) - Learning from mistakes; Ferrari & Frontline (00:13:30) - Rules of becoming rich (00:16:15) - Walmart & the Walton Family (00:17:51) - Microsoft; Steve Balmer (00:23:21) - Coca-Cola (00:25:32) - Evolution of strategies (00:26:52) - Investment checklist  (00:30:36) - Circle of competence (00:33:28) - Macroeconomic factors; Saudi Aramco & Ferrari (00:40:47) - Learnings from Warren and Charlie (00:43:02) - Golf vs. Investing (00:44:50) - Identifying opportunities; Moody's Manual and The Japan Company Handbook (00:50:33) - Duan Yongping: Oppo & Vivo (00:53:53) - Economic moats (00:55:51) - Impact of leverage; The Founder's Podcast: IKEA (00:58:51) - Capitalism in investing; Amazon (01:00:33) - Value investing for technology businesses: Amazon (01:05:40) - Index investing (01:07:38) - Microsoft vs. Apple; Bill Gates (01:13:01) - When to exit an investment (01:19:31) - Selecting a stock (01:20:41) - Circle of competence; John Arrillaga (01:23:50) - Investing in Turkiye; Reysas & TAV Airports (01:28:02) - Investing in coal businesses (01:31:58) - You can identify great businesses only after you own them (01:33:42) - Portfolio concentration (01:39:26) - Investing is watching the paint dry (01:42:17) - Coca-Cola; Hetty Green from The Founder's podcast (01:47:36) - Hedging an investment (01:48:45) - Investing in commodities  The contents of this website are for educational and entertainment purposes only, and do not purport to be, and are not intended to be, financial, legal, accounting, tax or investment advice. Investments or strategies that are discussed may not be suitable for you, do not take into account your particular investment objectives, financial situation or needs and are not intended to provide investment advice or recommendations appropriate for you. Before making any investment or trade, consider whether it is suitable for you and consider seeking advice from your own financial or investment adviser.

James Kostohryz returns to discuss the multiple economic shocks that might still hit the economy in 2025 (1:40). High inflation expectations, Fed pressure, and interest rates (13:40). Allocation ideas for a recession (19:35). Elon Musk, escalating debt, and the big, beautiful bill (28:10). Israel, Iran, and oil (45:35). What's driving Bitcoin surge (58:40).Show Notes:Will War Trigger A Bear Market And Spike In Oil?Will Macroeconomic Shocks Lead To Business Cycle Recession?Is Elon Musk Right About A US Debt Crisis?CPI inflation comes in softer than expected in MayEpisode transcriptsFor full access to analyst ratings, stock quant scores and dividend grades, subscribe to Seeking Alpha Premium at seekingalpha.com/subscriptions

Join Senior Vice President of Investment Research Andrew Korz and Investment Research Associate Alan Flanigan as they explore what the latest developments in tax reform, trade policy and fiscal policy mean for the U.S. fiscal outlook and economy. They dive into the latest edition of Mapping the markets and provide clarity on what it means for investors.Mapping the markets: Q2 2025 Is private credit a bubble?Private credit: Steady performance through market cyclesHave a question for our experts? Text us for a chance to have your questions answered on the next episode.To watch the video version, go to https://www.youtube.com/@FSInvestments For more research insights go to FSInvestments.com https://bit.ly/m/fsinvestments

Sharon Parrott, President of CBPP joins the Inside Economics team to consider the big package of tax and government spending provisions making its way through the legislative process. She explains why she's not a fan, from its implications for the nation's already dire fiscal situation to its hit to programs benefitting lower-income Americans, such as Medicaid and food assistance.Guests: Sharon Parrot - President of the Center on Budget and Policy Priorities and Justin Begley - Economist and U.S. fiscal policy SME, Moody's Analytics  Additional resources from Center on Budget and Policy PrioritiesBy the Numbers: House Bill Takes Health Coverage Away From Millions of People and Raises Families' Health Care Costs2025 Budget Impacts: House Bill Would Cut Assistance for Children, Raise Costs for FamiliesHouse Republican Reconciliation Bill Would Hard Rural Households, Communities, and Economies Hosts: Mark Zandi – Chief Economist, Moody's Analytics, Cris deRitis – Deputy Chief Economist, Moody's Analytics, Marisa DiNatale – Senior Director - Head of Global Forecasting, Moody's AnalyticsFollow Mark Zandi on 'X', BlueSky or LinkedIn @MarkZandi, Cris deRitis on LinkedIn, and Marisa DiNatale on LinkedIn Questions or Comments, please email us at helpeconomy@moodys.com. We would love to hear from you. To stay informed and follow the insights of Moody's Analytics economists, visit Economic View.

 Peter Conti-Brown is a historian and legal scholar of the Federal Reserve System, and an associate professor at the Wharton School of Business at the University of Pennsylvania. Sean Vanatta is a senior lecturer in financial history and policy at the University of Glasgow. Peter and Sean join the show to discuss their new book titled: Private Finance, Public Power: A History of Bank Supervision in America, as well as how powerlifting can be analogized in macroeconomics, and the implications of Trump v. Wilcox. Check out the transcript for this week's episode, now with links. Recorded on May 27th, 2025 Subscribe to David's Substack: Macroeconomic Policy Nexus Follow David Beckworth on X: @DavidBeckworth Follow the show on X: @Macro_Musings Check out our Macro Musings merch! Subscribe to David's new BTS YouTube Channel  Timestamps 00:00:00 - Intro 00:02:02 - Powerlifting 00:06:17 - Trump v. Wilcox 00:12:27 - Private Finance, Public Power 00:15:18 - Supervision vs. Regulation 00:22:52 - Banking in the Early Republic 00:36:10 - Consolidation of Regulators 00:41:06 - Focus of the Fed 00:45:00 - The Great Depression 00:56:10 - When to Let a Bank Fail 01:02:47 - Outro

MacroVoices Erik Townsend & Patrick Ceresna welcome, Vincent Deluard. They'll discuss why Vincent says recessions have been cancelled by monetary policy, and what he sees on the horizon for asset markets. https://bit.ly/43OuZVM

George Selgin is a senior fellow and director emeritus at the Center for Monetary and Financial Alternatives at the Cato Institute, as well as the author of the new book titled False Dawn: The New Deal and the Promise of Recovery, 1933-1947. George returns to the show to discuss the complicated economic history of the Great Depression, how that history has led us to the macro-events of 2008, 2010, and 2020, how we can apply lessons from the Great Depression to macroeconomic policy to the current moment, and much more. Check out the transcript for this week's episode, now with links. Recorded on May 13th, 2025 Subscribe to David's Substack: Macroeconomic Policy Nexus Follow David Beckworth on X: @DavidBeckworth Follow the show on X: @Macro_Musings Follow George on X: @GeorgeSelgin Check out our new AI chatbot: the Macro Musebot! Check out our Macro Musings merch! Subscribe to David's new BTS YouTube Channel  Timestamps 00:00:00 - Intro 00:00:25 - Welcoming George Selgin and False Dawn 00:03:25 - Why Another Book on the Great Depression? 00:06:37 - The New Deal's Role in Recovery from the Great Depression 00:08:50 - Myths About the New Deal Overview of the Great Depression 00:12:30 - Measuring Unemployment 00:16:42 - The Gold Standard and the Great Depression 00:27:05 - Helpful: Suspension of the Gold Standard and the Bank Holiday 00:35:47 - Unhelpful: Reconstruction Finance Corporation 00:38:02 - Helpful: Creation of the Home Owners Loan Corporation 00:42:31 - Unhelpful: The National Recovery Administration 00:48:42 - Unhelpful: Fiscal and Monetary Policy and Ignoring Keynes 00:57:17 - Lessons for Today: Uncertainty 01:00:56 - The Lesson of Level Targeting 01:06:42 - Breaching Contracts 01:11:40 - Outro

MacroVoices Erik Townsend & Patrick Ceresna welcome, Mike Green. They'll discuss the tariffs, what they're really being used for, and why Mike says the President is contradicting himself every time he talks about them. https://bit.ly/4kINH8c

MacroVoices Erik Townsend & Patrick Ceresna welcome, Jim Bianco. They'll discuss why Jim believes we're at the “end of the beginning” — a phrase he uses to describe the evolution of Trump-era economic policies. While the initial phase, dominated by tariff strategies, may be winding down, Jim warns that this is just the opening act. https://bit.ly/3Zw8Bip 

MacroVoices Erik Townsend & Patrick Ceresna welcome, Louis-Vincent Gave. They will discuss the Trump tariffs, what they mean for markets, China, precious metals, and more. https://bit.ly/43nwN7Z

Erik Townsend and Patrick Ceresna welcome Dr. Anas Alhajji to the show to discuss OPEC+ production increase & market reactions, Trump's visit and oil politics, and the long-term outlook for oil and LNG  & much more. https://bit.ly/43ldvBg What Do Saudi Arabia & Allies in OPEC+ Want from Accelerating the Unwinding of Voluntary Cuts? - Anas Alhajji