AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
We Study Billionaires - The Investor’s Podcast Network
BTC144: Bitcoin and Macro Mastermind 3Q 2023 w/ Joe Carlasare, Jeff Ross, and Steven McClurg (Bitcoin Podcast)
Aug 23, 2023
01:27:57
Snipd AI
Legal, investment, and crypto experts Joe Carlasare, Jeff Ross, and Steven McClurg discuss the impact of the SEC Vs GBTC lawsuit on a Bitcoin ETF, global fixed income, the current credit cycle, energy breakout, and Bitcoin's future at the end of the year.
Read more
AI Summary
Highlights
AI Chapters
Episode notes
Podcast summary created with Snipd AI
Quick takeaways
- Companies are well-protected from rate hikes in the short term due to locking in low interest rates, but refinancing their debts in the future could pose challenges.
- The market is expected to experience a slow and unsatisfactory trajectory rather than a sharp downturn, with continued economic growth but without a catastrophic event triggering a collapse.
Deep dives
Corporate net interest payments remain low despite rising rates
The chart shows that despite the fastest hiking cycle in history, corporate net interest payments as a percentage of post-tax profits have declined. This is different from previous cycles where rising rates led to higher corporate net interest payments. The reason for this is that companies locked in low interest rates by issuing a significant amount of low-cost debt and have longer durations, protecting them from higher rates. This suggests that companies are well-protected from rate hikes in the short term, but refinancing these debts in the future could pose challenges.
Get the Snipd
podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any
moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share
& Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode