The Grant Williams Podcast

The Grant Williams Podcast: Shifts Happen - Episode Eight FULL EPISODE

Jul 17, 2024

Luke Gromen, an expert on the fiscal situation, discusses the implications for rates trading and predicts the industry's potential obsolescence. He emphasizes the need for a new benchmark like gold and explores the challenges posed by rising debt. The podcast also delves into potential outcomes of the fiscal situation, including retrenchment and nuclear escalation.

54:33

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Episode guests

Luke Gromen

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Quick takeaways

Luke Gromen predicts fiscal changes may render rates trading obsolete.

Gold may become the new benchmark for pristine collateral according to Luke.

Luke believes a recession in the US is unlikely due to specific reasons.

Deep dives

Introduction and Disclaimer

The podcast episode starts with a reminder that the content discussed does not constitute investment advice, serving informational and entertainment purposes. The conversation kicks off with Luke Grohman and Grant discussing the shifts in real-time events, with Luke being highlighted as a key observer of these shifts.

Anticipating Economic Indicators through Stock Movements

00:39

Rising Debt and Stagnant GDP Growth Patterns

00:40

Balanced Immigration Policies Benefit Everyone

00:33

Importance of Understanding Underlying Fundamentals

00:28

Intro

3min

Policymakers' Responses to Looming Crisis and Financial Repression

10min

Implications of Rising Debt and Financial Trends

17min

Analysis of Gold and the Need for Neutral Reserve Assets

3min

The Role of Federal Outlays in Driving the US Economy

6min

Analyzing Neil Ferguson's Article on US and the Soviets in a New Code War

4min

Global Economic and Geopolitical Shifts

13min

In episode eight of Shifts Happen, Luke Gromen returns to discuss the current fiscal situation and its implications for rates trading, explaining how his views on the fiscal situation have made him unpopular among rates traders, as his predictions suggest that their industry may become obsolete. We also discuss the possibility that policymakers either don’t understand the situation, refuse to acknowledge it, or are too deep in to change course, and Luke also highlights the need for a new benchmark for pristine collateral, which he believes will be gold. Also under the microscope is the latest CBO report, which shows the need for a “super bubble” in the US, and Luke offers an explanation as to why he believes a recession in the US is unlikely. Finally, we conclude by looking at the potential outcomes of the current fiscal situation, including the possibility of retrenchment and reshoring or a dangerous escalation leading to nuclear war. Plenty to think about here with Luke once again on top form.

Every episode of the Grant Williams podcast, including This Week In Doom, The End Game, The Super Terrific Happy Hour, The Narrative Game, Kaos Theory and Shifts Happen, is available to Copper, Silver and Gold Tier subscribers at my website www.Grant-Williams.com.

Copper Tier subscribers get access to all podcasts, while members of the Silver Tier get both the podcasts and my monthly newsletter, Things That Make You Go Hmmm… Gold Tier subscribers have access to my new series of in-depth video conversations, About Time.

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