Follow On The Margin On Spotify: https://spoti.fi/46mn1n3Follow On The Margin On Apple Podcasts: https://apple.co/3UsnTiMFollow Blockworks Macro On YouTube: https://bit.ly/3NKpujX--On todays episode Nick Glinsman Co-Founder at Malmgren-Glinsman Partners joins the show for a discussion on the current global macro outlook in 2023 as we enter the second half of the year.While central banks continue to fight fiscal driven inflation using monetary policy, Nick argues that financial conditions are still too loose as markets continue to rally, credit remains contained & most importantly the labor market remains near record low unemployment. After taking us on a global tour of the inflation situation in the U.S, U.K & Europe Nick shares why China is actually battling deflation, and what the path ahead for the PBOC could look like. To hear all this & more, you'll have to tune in!--Follow Nick: https://twitter.com/nglinsman Follow Mike: https://twitter.com/MikeIppolito_Follow On The Margin: https://twitter.com/OnTheMarginPodFollow Blockworks: https://twitter.com/blockworks_--Research, news, data, governance and models – now, all in one place. As a listener of On The Margin, you can use code "MARGIN10" for a 10% discount when signing up to Blockworks Research https://www.blockworksresearch.com/--Use code PODS20 to get 20% off Permissionless 2023 in Austin: https://blockworks.co/event/permissionless-2023--Referenced In The Show:Malmgren Institute LLC: https://d5d0c2-2.myshopify.com/--Timestamps:(00:00) Introduction(00:33) The Labour Market Remains Strong... For Now(09:53) Quantitative Tightening & Liquidity(15:09) Permissionless II Ad(15:58) The Fed's Stuck Between A Rock & A Hard Place(16:40) An Update On The March Banking Turmoil(22:00) The Power Of Fiscal Policy(23:54) Debt, Demographics & Deglobalization(28:57) Is The UK Economy In Crisis?(38:35) Research Ad(39:24) Further Risks For Private Equity?(41:04) Why Is China Battling Deflation(51:44) Is China's Liquidity Impulse Really Stimulative?--Disclaimer: Nothing discussed on On The Margin 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.

Former hedge fund manager turned private investor Michael Kao and Co-Founder at Malmgren-Glinsman Partners Nick Glinsman discuss China's debt problem, real estate headwinds, and battle with deflation. They explore the impact of the 'U.S Dollar wrecking ball' in Asia and the future of the U.S treasury market. Other topics include the implications of embracing the US dollar, lack of cooperation between PBOC and Fed, sovereign debt Jubilee, weaknesses in central bank minds, and geopolitical perspectives on economic instabilities.