The Fastest Decline of Inflation in History? with Andreas Steno Larsen

Interview Recorded - 11th of January, 2023

On todays episode of the WTFinance podcast I had the pleasure of speaking with Andreas Steno Larsen, Founder & CEO of Steno Research and macro aficionado.

During our conversation we spoke about the key trends for 2023, why we could experience the fastest decrease of inflation in history, whether we could experience whether the recession may not be as bad as we think and if we may experience 10 further years of inflation.

Steno Research is The European Power House on macro, energy and financial markets. You can get 20% off your subscription with the discount code "substack20" - visit www.stenoresearch.com/subscribe to learn more.

0:00 - Introduction
0:26 - Key Trends for 2023
3:24 - Why could we experience the fastest decrease of inflation in history?
5:43 - Quickest rate decrease this year?
7:35 - How will recession effect inflation in Europe?
10:30 - How did Europe make it through Winter?
16:30 - Will the EU central bank be under pressure to cut rates as well?
18:45 - Could China reopening be another potential risk for inflation?
20:52 - US & Chinese liquidity injections bullish for equity markets?
24:40 - Does the treasury rebuild liquidity after debt ceiling agreed?
25:20 - Liquidity withdrawn from markets
26:15 - Unemployment to increase for further cuts?
28:20 - International investors withdrawing from US?
30:05 - Could we experience 10 years of inflation volatility?
32:25 - What would need to happen for inflation volatility to occur?
34:20 - One message to take away from our conversation?

Andreas is the core macro consultant in Steno Research. Building on years of experience as Global Head of Research at Nordea Bank, he is one of the most quoted and sought-after macro analysts out there. Andreas’ expertise is the energy, real estate and equity spaces, but doesn’t shy away from hot takes on other topics if the underlying analysis is strong enough. Andreas anchors the weekly editorial ‘Steno Signals’. 

Andres is among other things a Senior Editor at Real Vision, the host of “The Macro Trading Floor” podcast at Blockworks and the editor of the newsletter “Steno’s Essential Signals”. Being born and raised in FX, Andreas now monitors all asset classes and builds state of the art allocation models based on his quantitative macro framework. On top of the financial analysis, Andreas is a well-known business angel, having pre-seed funded successful projects such as MarketReader and ScaleUp Finance along the way. 

Andreas Steno Larsen - 

Website - https://stenoresearch.com/
Twitter - https://twitter.com/AndreasSteno
LinkedIn - https://www.linkedin.com/in/andreasstenolarsen/
Newsletter - https://andreassteno.substack.com/

WTFinance -

Instagram - https://www.instagram.com/wtfinancee/
Spotify - https://open.spotify.com/show/67rpmjG92PNBW0doLyPvfn
iTunes - https://podcasts.apple.com/us/podcast/wtfinance/id1554934665?uo=4
Twitter - https://twitter.com/AnthonyFatseas

Thumbnail image from - https://www.centralbanking.com/central-banks/economics/macroeconomics/7951116/us-inflation-its-mainly-global