On today's episode of "On the Margin", Dario Perkins MD of global macro at TS Lombard joins the show for a discussion on the new macro supercycle.
As de-globilization increasingly becomes one of the key forces driving markets, Dario walks through one of his recent pieces titled "The Nightmare Scenario For Central Banks". Drawing historical comparisons between today's economy with both the 1940's & 1970's, Dario describes the setup we now have for a new macro regime, and how central banks are viewing this current environment.
This episode is full of insights you can't afford to miss to help navigate this new macro regime, but to hear that, you'll have to tune in!
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Referenced In The Show:
Dario Perkins: Watch Out for Another 20% Drop in Equities: https://open.spotify.com/episode/7GSVdwJVQIje5mv1wuUefw?si=638b3f549e32414e
Capital Wars, Liquidity & The Rise of China | Michael Howell: https://open.spotify.com/episode/5wNLkFpnxSHjnlcgPf4siP?si=a44b7638fcc142ea
The Nightmare Scenario For Central Banks: https://blogs.tslombard.com/the-nightmare-scenario-for-central-banks
Euro, Stocks Tumble as Russia Pulls Rug on Gas Supplies: https://www.bloomberg.com/news/articles/2022-09-04/intensifying-energy-shock-to-weigh-on-euro-test-ecb-on-rates?srnd=premium-europe
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(00:00) Introduction
(00:20) The Nightmare Scenario For Central Banks
(03:54) Comparisons Between The 1940's & 1970's
(07:52) The New Macro Supercycle
(13:32) Fake Recession, Fake Business Cycle
(19:52) Inflation, Europe & Natural Gas
(22:36) Big Tech/FAANG: A Return To Value?
(26:22) The Cost of Living Crisis
(29:53) Avoiding A Euro Crisis 2.0
(33:08) The Role of Central Banks
(41:42) Embracing Higher Volatility
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Disclaimer: Nothing discussed on On The Margin 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.
