On The Margin
351 episodes - English - Latest episode: 18 days ago - ★★★★★ - 97 ratingsThe worlds of macro finance and crypto are continuing to draw closer together. On the Margin will host some of the greatest minds in the world of asset management, markets, and discuss how ideas that were once on the margin are now becoming mainstream.
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Episodes
The DeFi Credit Boom | Season One Pilot
August 30, 2022 16:00 - 10 minutesBlockworks just released a new podcast called Bell Curve! We're dropping the pilot episode here as we think you might want to add this podcast to the lineup. Season one of Bell Curve revolves around our DeFi credit boom thesis. Simply put, CeFi's implosion will create a DeFi credit boom that will bring new users and fixed-rate lending markets to DeFi. What products will be created? Who will be the users of these products? Where will capital flow first? These are a few of the questions we'l...
Powell Prepares Markets For "Greater Pain" | Weekly Round Up
August 27, 2022 11:00 - 56 minutesThis week we're joined by Forward Guidance's Jack Farley! We begin by discussing our takes on the recent announcement concerning student loan forgiveness, before pivoting to what we predict will be heard at the Jackson Hole meeting. After that we move into a discussion about energy prices in Europe, with Germany as a focal point. Jack then speaks on the state of China's real estate market. Finally we round out the episode with talks of the bad start to bonds this year and what the means for t...
Luke Gromen: U.S Dollar's Role In The Global Energy Crisis
August 24, 2022 11:00 - 1 hourOn today's episode of "On the Margin", Luke Gromen Founder & President of Forest for the Trees (FFTT) joins the show for a discussion on the U.S Dollar's role in the global economy. After spending the past number of years outlining his thesis and the importance energy plays in being the global reserve currency issuer, now was the perfect time to get Luke back on the show to break down some of the tectonic geopolitical changes that have occurred throughout 2022. From energy shortages in Eu...
The GDP Growth Illusion | Weekly Round Up
August 20, 2022 11:00 - 54 minutesIn this week's episode, Mark and I discuss the repercussions of the Fed’s attempt to contrive certainty in financial markets. We start the discussion by looking at the US’ long-term GDP growth. The chart looks great, but is the Fed’s market manipulation setting us up for a surprise? Inflation and record-high debt are just two symptoms of the Fed’s attempt to create certainty in entropic markets. We then talk about this week’s FOMC minutes and reflect on current market conditions. Why are cer...
The Fed Is Creating Hollow Markets | Mike Green & Ben Hunt
August 17, 2022 11:00 - 1 hourOn today's episode of "On the Margin", Ben Hunt Author of Epsilon Theory and Mike Green Chief Strategist at Simplify Asset Management join the show for a discussion around one of Ben's recent articles "Hollow Men, Hollow Markets, Hollow World". Ben and Mike compare household net worth and GDP which substantially diverged post 1990 when Alan Greenspan was Federal Reserve Chairman. Post Greenspan saw Ben Bernanke, Janet Yellen and Jerome Powell take the role of Chair of the Federal Reserve. ...
Coinbase Marks A $1B Loss | Weekly Round Up
August 13, 2022 11:00 - 1 hourIn this week's episode, Mark and I cover this week's CPI print, the state of macro, Coinbase’s earnings miss, and a historical US ban on an Ethereum privacy protocol. We start with a discussion on the lower-than-expected CPI print, deglobalization and ask if the FED still thinks they can provide a soft landing. We then dive into Coinbase’s Q2 earnings and $1B reported loss. Can Coinbase establish a sustainable business model? The numbers don’t look great, but there’s reason to believe they c...
Inflation Is Driving Demand For UBI | Jordi Alexander
August 10, 2022 11:00 - 49 minutesOn today's episode of "On the Margin", Jordi Alexander CIO of Selini Capital joins the show to discuss how inflation is driving demand for UBI. We begin discussing Jordi's outlook for the rest of 2022 with a major focus on the U.S Dollar and how the rising dollar could lead to liquidity problems. Drawing parallels to 2020, when the Fed extended U.S Dollar swap lines all around the world, Jordi explains how this dynamic could further exacerbate the publics demand for UBI. We then close the ...
Is the Bottom In? | Weekly Roundup With Zaheer Ebitkar
August 06, 2022 11:00 - 1 hourIn this week's episode, Mark and I are joined by Zaheer Ebitkar of Ledger Prime to cover a very important question: is the crypto bottom in? Zaheer walked us through one of the most important drivers of liquidity and price action in crypto markets today: stablecoins. We discussed the different type of stables that exist in the market today, how they impact liquidity conditions, and how different stablecoin models are likely to be regulated. Finally we asked Zaheer whether or not the bottom wa...
Untapped Opportunities in Crypto With FTX's Amy Wu
August 03, 2022 11:00 - 43 minutesOn today's episode of "On the Margin", Amy Wu of FTX Ventures joins the show for a discussion on the venture capital industry both in traditional markets and crypto. After an explosion in VC funding throughout 2021, how have current market conditions effected private markets throughout 2022? As investors reconsider the valuations they are willing to pay compared to 2021, just how has this influenced funding in crypto? To find out, you'll have to tune in! -- Follow Amy Wu: https://twitter.com...
Has The Fed Already Caused a Recession? | On The Margin
July 30, 2022 11:00 - 1 hourIn this week's episode, we discuss the Fed's attempt to crush all consumer demand. Mark believes we've just entered crypto spring, but that enthusiasm takes a turn as we discuss the Fed. With two consecutive quarters of negative GDP growth, we can officially (or now unofficially) say we are in a recession. I got Mark's take on the Fed's actions, expected fallout and future CPI prints. Next, we discuss the US' "friend-shoring" efforts, failed sanctions and other policy mishaps. Finally, we add...
The Dark Side of a Strong US Dollar | Brent Johnson & Lawrence Lepard
July 27, 2022 11:00 - 53 minutesOn today's episode of "On the Margin", Lawrence Lepard and Brent Johnson join Mike to discuss the dark side of a strong US dollar. We start with an overview of the US Dollar's role as the global reserve currency and how the dollar system is causing many of the problems we have today. Can the US dollar maintain its reserve status or are things falling apart? Then, Lawrence and Brent explain how a strong US dollar is causing weakness throughout the global economy - abroad and at home. Brent s...
Bear Market Bingo: Elon Sells his Bitcoin | Weekly Roundup
July 23, 2022 11:00 - 45 minutesIn this week's episode, we discuss everyone's favorite subject: the bear market. I got Mark's take on the current bear, how it compares to previous bear markets in crypto, and what we should expect over the coming year. Next, we took a look at who has been selling Bitcoin in May and June. The largest (forced) seller was the Luna Foundation Guard, closely followed by Elon Musk's Tesla. We spent some time discussing Tesla's sale and why Elon may have decided to do that today. Next, we explain ...
The End Of "Peak Liquidity" | Mr. Blonde
July 20, 2022 16:00 - 42 minutesOn today's episode of "On the Margin", Anonymous analyst Mr Blonde joins the show for a discussion on the cyclical forces driving markets in 2022. We discuss the increasing recession signals and how they will effect earnings for the second half of 2022. With a rising dollar, 9.1% inflation, an increasingly hawkish Fed and the end of "peak liquidity", just how will all these forces effect equity markets throughout 2022? To find out, you'll have to tune! -- Follow Mr. Blonde: https://twitter.c...
Stocks Remain Expensive Despite Rising Rates | Weekly Roundup
July 16, 2022 11:00 - 38 minutesIn this week's episode, Mark and I kick things off discussing the Bitcoin market. Could crypto winter be passing and signs of crypto spring be starting to emerge? We then move on to discuss the historic value of equities going all he way back to 1871 vs now in 2022. With still elevated P/E's, is there more pain to come for equities despite rising rates? We draw parallels between the 2001 tech bubble which also saw high energy prices, a rising dollar and rising yields. Finally, we break dow...
U.S Dollar Wrecking Ball Is Causing Liquidity Stress | Lyn Alden
July 13, 2022 11:00 - 49 minutesOn today's episode of "On the Margin", Lyn Alden of Lyn Alden Investment Strategy joins the show. Lyn begins by explaining the energy shock she spotted in 2021 walking through her most recent piece "Energy: The Area Under the Curve". Lyn then shares her outlook on the U.S Dollar wrecking ball as the DXY breaches 20 year highs trading over 108. How will a rising U.S Dollar effect the chances of a recession, stress in credit markets and more importantly U.S treasury market liquidity? Could thi...
Straining Markets Lead To Political Turmoil | Weekly Roundup
July 09, 2022 11:00 - 50 minutesIn this week's episode, Mark and I kick things off discussing the recent volatility in crypto markets. We then move on to discussing the bailouts in crypto by SBF and the comparisons between CeFi vs DeFi. Mark and I then touch on the Fed's quantitative tightening & balance sheet reduction, rising interest rates, record high inflation and how tightening into a recession is causing political strife across the globe discussing some very striking headlines over the past week. Finally, we touch ...
Which Assets Win When Inflation Hits? | Jim Bianco
July 06, 2022 11:00 - 1 hourOn today's episode of "On the Margin," Jim Bianco of Bianco Research joins the show for a discussion on inflation. Arguing that we are "entering an era of persistent inflation", Jim walks through the biggest winners in this market environment. After correctly predicting the Fed's hawkish stance ahead of most analysts, Jim shares his thoughts on the bond market pricing in a pivot throughout 2023. Jim goes on to walk through the bond market turmoil with the worst H1 performance being recorded ...
The Winds Of Recession Are Blowing | Weekly Roundup
July 02, 2022 11:00 - 29 minutesWith Mark out, we have special guest filling in, Blockworks’ own Jack Farley, macro researcher and host of the Forward Guidance podcast. Jack explains how three recent events have made him think that a recession is more likely: moves in interest rates that suggest the Fed might pivot earlier than previously anticipated; the sharp fall in copper, cotton, and other commodity prices; and, most importantly, a forecast from the Atlanta Fed that real GDP for the U.S. will be negative. Mike then mak...
Crypto Contagion Spreads, DeFi Offers an Answer | Sid Powell
June 29, 2022 14:30 - 1 hourOn today’s episode of “On the Margin” Sid Powell Co Founder of Maple Finance joins the show to discuss the recent credit contagion taking place in crypto. With liquidity drying up in crypto & markets at large, deleveraging & liquidations have been taking place across the board. Sid joins the show to discuss the recent risk-off sentiment in markets and explains the differences between CeFi and DeFi lending. But to hear that, you'll have to tune in! -- Follow Sid: https://twitter.com/syrupsid...
Crypto Is Facing Bank Runs | Weekly Roundup
June 25, 2022 11:00 - 50 minutesIn this week's episode, Mark and I kick things off with the current state of crypto markets. We next move into the economy, what the Fed is doing, and increasing economic indicators that we are heading towards a recession. Finally we wrap things up with the state of lending and credit in crypto, including the "runs on the bank" that we're seeing at Celsius and similar companies. For Mark and my take there, you'll have to listen to the show. -- Follow On The Margin: https://twitter.com/OnTheM...
Inflation Is The Fed's Greatest Fear | Liz Young
June 22, 2022 11:00 - 25 minutesSoFi’s Liz Young joins us on today’s episode of “On the Margin” for a post-FOMC rundown. When the Fed abandoned its anticipated 50 bp increase in favor of a 75 bp rate hike on the back of the Department of Labor announcing a higher-than-expected CPI of 8.6%, markets had a violent repricing. Liz, SoFi’s head of investment strategy, walks listeners through the forces driving the Fed’s tightening cycle — she also covers the housing market, “animal spirits,” red flags signaling an earnings reces...
The Fed is Crushing the Economy | Weekly Roundup
June 18, 2022 11:00 - 1 hourIn this episode, Mark, Dan Tapiero and I discuss the latest FOMC meeting, the 75 basis point raise and the carnage rippling through the markets. Inflation is at record highs but are the FED’s rate hikes a precision tool or a blunt instrument that will cause lasting market damage? We explore the global financial market, crypto’s outlook and the most likely outcome of the bear market. Will the Fed raise rates until the market breaks? Will the money printer turn back on? Tune in to find out! -- ...
Fed “Taking The Punch Bowl Away” Triggers Market Sell-Off | Jurrien Timmer
June 15, 2022 11:00 - 52 minutesOn today’s episode of “On the Margin,” Director of Global Macro at Fidelity Jurrien Timmer joins the show. As markets were in turmoil on Monday after a surging 8.6% inflation print on Friday, Jurrien joined the show to discuss all the macro forces driving markets. With bond yields spiking, equity markets selling off, crypto getting crushed, credit showing signs of stress and investors fleeing for the exit bidding the U.S Dollar higher, it's clear the "Fed taking away the punch bowl" caught in...
Cracks Form In Consumer Credit | Weekly Roundup
June 11, 2022 11:00 - 1 hourIn this episode, Mark and I tackle the growing bubble in consumer credit. We take a look at the personal savings rate and compared it to the sudden staggering increase in revolving credit. We discussed the evolution of banking in recent history, the growing and worrisome trend of "Buy Now Pay Later" and Apple's foray into that field, and covered the overall psychology of consumers during a recession. We ended the episode by covering BlockFi's down round, and whether or not we can expect mor...
“A lot More Pain To Come” For Risk Assets | Joseph Wang
June 08, 2022 11:00 - 56 minutesOn today’s episode of “On the Margin,” former senior Federal Reserve trader Joseph Wang joins the show for a discussion on quantitative tightening. Citing Joseph's most recent piece "Turbo Tightening,” Mike and Joseph walk listeners through the monetary mechanics driving the Fed's balance sheet and the $2 trillion at the reverse repo. They then break down what this means for markets, specifically risk assets. As the Fed begins its quantitative tightening program, Joseph shares the scenarios ...
Layoffs Are Just Getting Started | Weekly Roundup
June 04, 2022 11:00 - 59 minutesCharts Discussed In Today's Episode: https://bit.ly/3Q4P4zA In this week's episode, Mike and Mark get into a subject that is near and dear to everyone's heart: layoffs. The episode begins by getting into the raw numbers: initial and continuing jobless claims, the change in recent reports from ADP, and the record number of mentions of "hiring freeze" from CEOs. Next Mike and Mark cover how monetary policy and liquidity translate to demand and hiring needs at company. They cover things from t...
It's “Game Over” For Inflation, The Risk Is Recession | David Rosenberg
June 01, 2022 11:00 - 1 hourOn today’s episode of “On the Margin,” David Rosenberg joins the show to discuss the mounting risk of recession. Investors are battling with the highest inflation the US has seen in 40 years. PMIs are contracting in China, M2 growth is turning negative, and consumers have begun to reign in spending. David forecasts a substantial economic slowdown and sees the threat of recession creeping closer — he also predicts a surprise shock that markets have yet to realize. Is a deflationary sucker pu...
The Great Narrative Unwind | Weekly Roundup
May 28, 2022 11:00 - 58 minutesThe On The Margin weekly round up returns! After a busy week in Palm Beach for the Blockworks event Permissionless, your favourite weekly round up is back to discuss the biggest stories in markets. Mike and Mark focus on tackling the narratives that were popular during the bull market to see how they are holding up during 2022's unwind. Can the Fed raise rates considering the amount of outstanding debt the US has, are we really in a supercycle, how will the bear market compare to previous ma...
Crypto Bear Market: How Bad Can it Get? with Ben Cowen | On The Margin
May 25, 2022 11:00 - 59 minutesOn today’s episode of “On the Margin,” Ben Cowen, CEO of Into The Cryptoverse joins the show to discuss the crypto winter and bear market many investors are experiencing. As sentiment shifts, Bitcoin dominance begins rising & macro forces drive widely viewed risk assets lower, Ben gives a measured & data driven analysis of the fundamentals driving Bitcoin and crypto more broadly. Should we expect more pain to come or are investors preparing for a bottom in the near future? To find out, you'l...
Fed Wants To Crash The Stock Market | Steven Van Metre
May 18, 2022 11:00 - 44 minutesOn today’s episode of “On the Margin,” Steve Van Metre joins the show to discuss Fed chair Powell's plan to crash the stock market in 2022. With soaring inflation, the Fed embarks on its plan to tighten financial conditions at an accelerating pace with stock holders being the number one target. Steve also discusses the state of the bond market, signs of a looming recession, when we may see a market bottom, peak inflation and how a rising dollar could effect all of these scenarios the Fed is ...
UST Break Ushers in a New Crypto Bear Market | On The Margin
May 14, 2022 11:00 - 1 hourIn this week's episode, Mark and I focus primarily on one story: the depegging of UST and evaporation of Luna. We cover a brief overview of UST, what the algorithmic model was that underpinned it, and what caused it to come undone. We also got into the aftermath of an explosion like this, and the contagion that could spread out into the ecosystem. We also discussed what new entrants to crypto should expect in a bear market, the current state of Coinbase, and Elon Musk's decision to "pause" h...
Inflation Has Put The Fed In Handcuffs | Peter Boockvar
May 11, 2022 11:00 - 44 minutesOn today’s episode of “On the Margin,” Peter Boockvar, chief investment officer at Bleakley Advisory Group, joins the show to discuss the Fed’s dilemma. With markets selling off in reaction to one of the fastest hiking cycles in recent history, Peter explains how current inflation rates have "put the Fed in handcuffs.” Peter shares his outlook for both the stock and bond markets, answering the questions: Where is the Fed put in this cycle? Will the Fed be forced to reverse course if problems...
Markets Puke - Is Recession Imminent? | Weekly Roundup
May 07, 2022 11:00 - 1 hourIn this episode, Mark and I are focused on answering one question: what is going on with markets? We kick things off with a quick summary of the equity and bond markets, both of which are having some of their worst starts to the year ever. In the case of the US 10 year, YTD performance through April is the worst it's been since 1778! Next we moved onto three unsustainable states of being in the market today: 1) equity valuations 2) debt to GDP and 3) wealth inequality. We discussed each of th...
US Dollar "Wrecking Ball" Will Fracture The Global Economy | Michael Nicoletos
May 04, 2022 11:00 - 42 minutesOn today’s episode of “On the Margin,” founder and managing director of DeFi Advisors Michael Nicoletos shares the macro forces driving the dollar higher. As risk mounts, recession warnings loom, and investors take flight for safe haven assets, it's no wonder the dollar finds itself rallying past March 2020 highs. With an expertise in FX markets, Michael shares how the dollar wrecking ball will impact the global economy, particularly emerging markets, as growth continues to slow and the worl...
What Was Bill Hwang Thinking? | Weekly Roundup
April 30, 2022 11:00 - 57 minutesIn this episode, Mark and I started off with an old topic that is just resurfacing: the criminal charges being levied against ex-Tiger Cub Bill Hwang. Next we moved onto the slowing growth in GDP, precipitous rise of the DXY, and the damage being done to tech stocks compared to crypto. Finally we ended things on Fidelity's decision to allow 401K participants to include Bitcoin and the Labor Department's response. For that take, you'll need to tune into the episode. -- Follow Mark Yusko: @Mark...
Is The Bull Market Over? | Darius Dale
April 27, 2022 11:00 - 57 minutesOn today’s episode of “On the Margin,” 42 Macro founder and CEO Darius Dale gives listeners the details on his four horsemen of market risk signals and what they tell us about potential hazards brewing in the market. Along with host Michael Ippolito, Darius walks us through his point of view on the Fed’s inflation fears, the Bank of Japan’s reinstatement of yield curve control, and warning signs coming out of China. They also speculate on the 40-year bull run on the bond market: Could we soo...
Bill Ackman Loses $430 Million on Netflix | On The Margin
April 23, 2022 11:00 - 49 minutesIn this episode, Mark and I kick things off with Netflix's earnings. After posting their first ever subscriber loss, the stock tumbled nearly 40% costing recent investor Bill Ackman $430 Million in just three months. We covered what this recent sell-off might portent for tech stocks moving forward. After Netflix we moved on to discuss the Yen and it's rapid slide against the dollar. Mark gave some color as to why the Yen functions as a reserve asset for global investors, and what its depreci...
The Rise & Fall of Crypto Culture | Konstantin Richter
April 20, 2022 11:00 - 44 minutesOn today's episode of On The Margin, Mike Ippolito is joined by Blockdaemon CEO & Founder Konstantin Richter to discuss the rise & fall of crypto culture. When sentiment shifts in crypto markets, founders build conviction. Konstantin reminds us of previous cycles & shares why he has never been more optimistic on the future of crypto than right now. Mike & Konstantin also discuss the founding of Blockdaemon, the pro's & con's in centralization vs decentralization, the outlook for a multichain...
Jerome's Dilemma: Inflation vs Recession | On The Margin
April 16, 2022 11:00 - 53 minutesIn this week's episode, we started off with a recap of Bitcoin Miami from Mark. Next we launched into March's record breaking CPI print, and where Mark sees inflation heading from here. Next we moved into PPI (Producer Price Index) and PMI (Purchasing Manager's Index), what those economic indicators mean, and what they can tell us about the next 18 months of growth. We took a look at food inflation, various asset prices, and how investors should be thinking about the volatile environment we f...
Fed Turns Hawkish On Inflation Fears | Andreas Steno Larsen & Alfonso Peccatiello
April 13, 2022 11:00 - 28 minutesOn today's episode of On The Margin Mike Ippolito is joined by Andreas Steno Larsen and Alfonso Peccatiello for a special announcement: Their new podcast “The Macro Trading Floor” will be launching Sunday, April 17th on the Blockworks network with a VERY special guest. To stay up to date with the new show, subscribe here: apple.co/38Maf8f With inflation soaring over 8%, bond markets selling off, and the Fed turning increasingly hawkish, Andreas and Alfonso explain how to maneuver the market d...
Bonds Smell Risk, Will The Market React? | On The Margin
April 09, 2022 11:00 - 1 hourIn this episode I am joined by my colleagues and special guest hosts Jack Farley and Byron Gilliam. We went through a whole range of topics today, beginning with the bond market. We gave everyone an update on the rate hikes that the market is pricing in (spoiler alert: it's a lot), the historic rout happening at the long end of the curve, and how the Fed is likely to respond. We also discussed how to play a bond sell off, and the "risk vs reward" of investing in risk assets at the current tim...
The Four Stages of an Economic Slowdown | Eric Basmajian
April 06, 2022 11:00 - 59 minutesOn today's episode of On The Margin, Mike Ippolito is joined by returning guest Eric Basmajian, founder of EPB Macro Research. After correctly identifying signs of decelerating growth months ahead of most, Eric comes back to the podcast to share how he forecast the economic slowdown. As the yield curve inverts, GDP numbers begin downward revisions and investors deal with soaring prices across the whole commodity complex. Eric lays out the major warning signs that can help identify cyclical c...
The Yield Curve Inverted: What Now? | Weekly Roundup
April 02, 2022 11:00 - 1 hourIn todays On The Margin weekly roundup, Mark & I begin by discussing the 2yr 10yr yield curve inversion. Is the bond market signalling a recession on the horizon? What will this mean for other asset classes such as stocks, commodities & crypto? We then transition to discussing the work from home dynamic and whether employees will cause an exodus out of big cities, whilst demanding the same wages. What does this mean for the labor market throughout 2022 & beyond? Finally, we dive into Zoltan P...
Stocks Risk Crash Worse Than 2008 | Mike McGlone
March 30, 2022 11:00 - 50 minutesIn this episode of On The Margin Mike Ippolito is joined by returning guest Mike McGlone, the Senior Commodity Strategist at Bloomberg Intelligence. With 20+ years in the industry as a Trader, Analyst & Strategist, Mike offers a unique perspective on the forces driving global markets, with particular expertise on global commodity markets. As war between Russia & Ukraine continues, we invited Mike back to On The Margin to share his insights into how continued conflict effects wheat, oil, natu...
The End of King Dollar | Weekly Round Up
March 26, 2022 11:00 - 42 minutesIn this episode, Mark and I got deep into the biggest stories of the week. We covered the rising costs of oil, and the $11 billion and $16.5 billion relief packages from California and Germany. We also got into recent comments from Ray Dalio of Bridgewater and Larry Fink of Blackrock embracing crypto, but why that might not be as sunny as it first may seem. And finally we closed the session out on where we currently are in crypto's market cycle. For that discussion, you'll need to tune into t...
Food Inflation is Starting to Bite with Russell Clark
March 23, 2022 11:00 - 59 minutesIn this episode of On The Margin Mike Ippolito is joined by returning guest & former Hedge Fund Manager Russell Clark of Russell Clark Investment Management. After spending over a decade as an Investment Manager, Russell joins On The Margin to discuss the period of change we find ourselves in. From trends in inflation to the evolution of market structure & reliance on clearing houses, Russell provides a big picture macro framework for thinking about markets, & the world more broadly. Russell...
The Dollar Window is Closing with Brent Johnson
March 19, 2022 11:00 - 51 minutesIn this week's round up, Mark and I were joined by special guest Brent Johnson of Santiago Capital. Among many other things, Brent is famous for his "dollar milkshake theory," which is his view of what a sovereign debt crisis will look like in the future. Brent kicked things off by giving us a rehash of the milkshake theory and his thoughts on what the dollar may do over the course of the next decade. Next we dug deep into the US - China relationship, and got Mark's and Brent's views on who i...
The Fourth Turning Has Arrived | Neil Howe
March 17, 2022 11:00 - 1 hourIn this episode of On The Margin Mike Ippolito is joined by Neil Howe Author of the best-selling book The Fourth Turning. Cycles often resurge throughout history, booms & busts, highs & lows, ascending & descending empires. We often forget history is full of these recurring cycles, thats why we invited Neil Howe to On The Margin, an expert on generational cycles to the show to discuss what the cycles of history tell us about America's next rendezvous with destiny. Neil provides his assessmen...
Inflation Remains Hot: When Will it Peak? | Weekly Round Up
March 12, 2022 12:00 - 39 minutesIn this week's episode, Mark and I covered two topics: Biden's execurive order on crypto, and inflation data. We kicked things off with the Biden's executive order. We covered what it actually is, what it isn't, and which agencies the order referred to. After that, we took a deep dive into February's inflation print. We also took a look at the rising cost of oil and how that impacts economies. Mark gave us a bit of a history lesson in terms by comparing today's oil shock with the one from the...
China’s Growth: The End Is Near | Leland Miller
March 09, 2022 12:00 - 49 minutesIn this episode of On The Margin Mike Ippolito is joined by Leland Miller, CEO of China Beige Book International for a deep dive into the Chinese financial system. After founding China Beige Book over 12 years ago, Leland provides a data driven assessment of the Chinese economy exploring whether China's growth model is coming to an end. Leland also discusses China's financial deleveraging, the demographics of China's population, the reversal in globalization, tensions with the U.S, conflict b...