In this episode, Andreas Steno Larsen joins the show to discuss the outlook for liquidity, the uptick in the manufacturing and credit cycle, and expectations around inflation. We also delve into Powell’s QE comments, idiosyncratic drivers of gold, and much more. Enjoy!
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Timestamps:
(00:00) Introduction
(01:18) Current Macro Backdrop and Market Sentiment
(01:48) Liquidity Backdrop and Federal Reserve Policies
(04:33) Private Sector Liquidity and Credit Creation
(10:21) Treasury General Account and Debt Ceiling
(17:30) Skale Ad
(17:54) Future Liquidity Measures and Market Implications
(21:06) Private Credit and Economic Cycle
(26:55) Meta's Client Base and Market Power
(27:44) Russell Index and Wage Growth Insights
(29:42) Inflation and CPI Analysis
(33:17) Skale Ad
(33:46) Global Tariff Impacts and Dollar Outlook
(36:26) European Market Performance
(42:05) Gold Market Dynamics
(48:22) Bond Yields and Truflation Measure
(51:19) Learn More About Andreas and his Work
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Disclaimer: Nothing discussed on Forward Guidance should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.
The Credit Cycle Is Just Getting Started | Andreas Steno Larsen | Forward Guidance podcast - Listen or read transcript on Metacast
