We Study Billionaires - The Investor’s Podcast Network

chevron_right

BTC061: Global Macro Investing 1Q 2022 w/ Luke Gromen (Bitcoin Podcast)

whatshot 4 snips

Jan 19, 2022

Guest

Luke Gromen

Luke Gromen, a macroeconomic expert known for his insights into global markets, dives into the complexities of the current economic landscape. He sheds light on the dollar's trajectory and China's shifting monetary policy, raising concerns about potential energy crises linked to water scarcity. Gromen explains how currency exchange rates could exacerbate interest rate impacts and discusses the repercussions of a possible petrodollar system collapse. He also shares thoughts on Bill Miller's substantial Bitcoin investment, hinting at the intertwining of traditional and crypto markets.

01:10:31

forum

Ask episode

web_stories

AI Snips

view_agenda

Chapters

menu_book

Books

auto_awesome

Transcript

info_circle

Episode notes

insights

INSIGHT

Unique Market Dynamics

The current market conditions are unlike any previous cycle due to several converging factors.
These include the pandemic recovery, a potential sovereign debt bubble burst, and peak cheap energy.

insights

INSIGHT

Dollar and Gold Anomalies

The dollar's recent decline alongside rising real rates and gold's rise with increasing rates are unusual.
This suggests a potential sector rotation from tech to commodities, impacting capital flows and the dollar.

insights

INSIGHT

Yield Tolerance and Dollar Dependence

The market's ability to handle rising yields depends on the dollar's strength.
A stronger dollar limits yield increases, while a weaker dollar allows for higher yields before market instability.

Get the Snipd Podcast app to discover more snips from this episode

Navigating Economic Turbulence

01:57 • 19min

chevron_right

Navigating Bitcoin and Business Finance

20:35 • 6min

chevron_right

Economic Complexities and Resource Challenges

26:53 • 14min

chevron_right

Understanding Federal Reserve Mechanics and Bank Reserves

40:57 • 3min

chevron_right

Innovations in Bitcoin IRAs and Accessible Real Estate Investment

44:08 • 2min

chevron_right

Navigating Central Bank Mechanics and Regulations

45:59 • 22min

chevron_right

Navigating Bold Investments

01:07:33 • 7min

chevron_right

The Long Game

China’s Grand Strategy to Displace American Order

Rush Doshi

Rush Doshi's "The Long Game" meticulously examines China's grand strategy since the end of the Cold War. Drawing from extensive primary source material, including party documents and memoirs, Doshi unveils China's long-term ambitions. The book details China's strategic phases: blunting, building, and expansion, highlighting shifts in approach based on perceived power dynamics with the US. Doshi's analysis provides crucial insights into China's intentions and the implications for US policy. The book's comprehensive research and clear presentation make it a valuable resource for understanding the complexities of US-China relations.

The Price of Tomorrow

Why Deflation is the Key to an Abundant Future

Jeff Booth

In 'The Price of Tomorrow,' Jeff Booth argues that technological progress is driving a natural deflationary force in the economy, which is being countered by government and central bank interventions through money printing and debt creation. Booth contends that our current economic systems, built on debt and inflation, are unsustainable and will lead to increased polarization and economic trouble if not adjusted. He advocates for embracing deflation and restructuring our economic frameworks to harness the abundance that technology can bring. The book covers a broad range of topics including the impact of technology on job markets, equality, and societal stability, and it concludes with a call to action for policymakers, business leaders, and entrepreneurs to adapt to these new economic realities.

The Mr. X Interviews

World Views from a Fictional US Sovereign Creditor

Luke Gromen

The Mr. X Interviews series presents a unique perspective on the global economy through conversations between Luke Gromen and the fictional sovereign creditor, Mr. X. The books explore how the US dollar's role is evolving and the implications for the US and global economies. Volume 2 specifically discusses China's efforts to move away from the dollar-centric system and the potential consequences for the US.

IN THIS EPISODE, YOU’LL LEARN:

01:25 - Luke's overview of the Macro landscape.
11:53 - Luke's thoughts on the dollar for the first half of 2022.
18:08 - China's shift in monetary policy.
18:08 - How Preston and Luke are estimating how high interest rates might go.
26:55 - How currency exchange rates can offset interest rates (or make them twice as bad).
31:51 - How China's water problem could turn into a major energy crisis.
39:40 - How the reverse REPO system works.
59:27 - What if the Saudis break the petrodollar system?
1:08:42 - Luke's thoughts on Bill Miller's large Bitcoin position.

*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.

BOOKS AND RESOURCES

Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members.
Luke Gromen's twitter Account.
Luke's Website and newsletter.
Luke's books on Amazon.
Chinese Water Articles Luke talked about on the show.
New to the show? Check out our We Study Billionaires Starter Packs.
Browse through all our episodes (complete with transcripts) here.

SPONSORS

Support our free podcast by supporting our sponsors:

Bluehost
Fintool
PrizePicks
Vanta
Onramp
SimpleMining
Fundrise
TurboTax

Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm

Learn more about your ad choices. Visit megaphone.fm/adchoices

Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm

Home Top podcasts Popular guests