In this episode, Andy Constan joins the show to break down why markets may be leaving the Fed-driven era behind, how private credit and bank balance sheets are becoming the real engine of growth, and what massive AI and onshoring investments mean for rates, risk, and the business cycle going forward. Enjoy!
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Timestamps:
(00:00) Introduction
(01:14) The Shift From The Fed To Private Credit
(05:50) Push Vs Pull Demand For Credit
(08:47) Grayscale Ad
(09:25) Money Vs Credit
(17:28) The Loop Of Spending & Savings
(27:04) Grayscale Ad
(27:51) Is The New Credit Flywheel A Policy Choice?
(32:00) Impact On Investment & Consumption
(35:19) Moving Back To A Traditional Business Cycle
(38:52) Historical Disruptions Vs Today
(44:05) Do Assets Go Higher In This New Regime?
(53:04) Foreign Capital Flows & Trade Deficits
(01:01:47) Final Thoughts
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Disclaimer: Nothing said on Forward Guidance is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are opinions, not financial advice. Hosts and guests may hold positions in the companies, funds, or projects discussed.
#Macro #Investing #Markets #ForwardGuidance
