In this episode, Mel Mattison joins the show to discuss why he thinks we’re on the cusp of another inflationary bubble, the danger of growing entitlement obligations, and what more yield curve distortions mean for markets. We also delve into how gold could be on track for $50,000/oz, how all this will impact the FX market, and more. Enjoy!

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Join us at Permissionless IV June 24th - 26th. Use code FG10 for 10% OFF! https://blockworks.co/event/permissionless-iv

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At Ondo, we design institutional-grade platforms, assets, and infrastructure to bring financial markets onchain. We believe that combining the best of TradFi with the best of DeFi will dramatically improve our financial system—making it fairer, faster, and more accessible to all.

Learn more about how Ondo is bringing capital markets onchain at https://ondo.finance/

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Timestamps:

(00:00) Introduction

(00:35) Mel’s Spot-on Market Predictions

(06:30) Macro Drivers of the Market Downturn

(09:04) Treasury Data and Fiscal Impulse

(13:36) Ondo Ad

(14:01) Treasury Data and Fiscal Impulse (Con't)

(15:39) The Anti-Dollar Trade

(23:28) Social Security and Long-Term Economic Outlook

(28:47) Trump Admin’s Grand Agenda

(34:37) Federal Reserve and Inflation

(35:54) Ondo Ad

(36:24) Bond Market and Yield Curve Distortion

(39:32) Yield Curve Distortions & Inflation

(52:52) Currencies and Emerging Markets

(57:57) Gold & Bitcoin

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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.

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