Forward Guidance
Blockworks
The laws of macro investing are being re-written, and investors who fail to adapt to the rapidly changing monetary environment will struggle to keep pace. Felix Jauvin interviews the brightest minds in finance about which asset classes they think will thrive in the financial future that they envision.Follow Felix: https://twitter.com/fejau_incFollow Forward Guidance: https://twitter.com/ForwardGuidance Subscribe on YouTube: https://www.youtube.com/@ForwardGuidanceBWFollow Blockworks: https://twitter.com/Blockworks_Forward Guidance Newsletter: https://blockworks.co/newsletter/forwardguidanceForward Guidance Telegram: https://t.me/+nSVVTQITWSdiYTIx
Episodes
Mentioned books
42 snips
Oct 24, 2025 • 1h 9min
How Financialization Broke Markets & Hollowed Out America | Weekly Roundup
Hunter Hopcroft, a writer and former alternative assets professional, joins to explore the impacts of hyper-financialization on capitalism. He discusses how credit creation and passive investing have blurred the lines between debt and equity, changing market structures drastically. The conversation dives into recent volatility, the surge in gold prices as a response to economic pressures, and the influence of government policies on the market dynamics. Hunter also touches on the challenges facing public markets and the potential for a year-end rally.
80 snips
Oct 22, 2025 • 32min
Institutional Demand for Crypto is Accelerating | Matt Hougan
Matt Hougan, Chief Investment Officer at Bitwise, joins the discussion with insights on the booming institutional demand for crypto assets. He emphasizes the rapid growth of crypto ETFs and stablecoins, highlighting how institutions are now allocating more significantly—up to 10% in some cases. The conversation covers the evolving ETF landscape due to regulatory changes and the potential of altcoin ETFs to impact smaller chains. Moreover, Matt discusses the importance of education for retail investors as crypto becomes increasingly mainstream in traditional finance.
157 snips
Oct 17, 2025 • 37min
Global Liquidity Cycle & the Worldwide Rush Into Hard Assets | Weekly Roundup
Michael Howell, a macro analyst and founder of CrossBorder Capital, dives into the intricate web of global liquidity cycles. He discusses the hidden recession and an unexpected U.S. economic rebound. Howell highlights the impact of monetary debasement on gold and Bitcoin, emphasizing that gold may signal future crypto movements. He also explores China's significant liquidity injections and the risks posed by stablecoins to financial control. Ultimately, he considers how unique today's economic landscape is, drawing parallels to 4,000 years of monetary history.
35 snips
Oct 15, 2025 • 34min
Crypto's Biggest Liquidation, DAT Strategies, & The Purification Trade | Jeff Park
In this engaging discussion, Jeff Park, CIO of ProCap and expert in crypto dynamics, shares insights on the recent crypto market meltdown and the risks of over-leveraging. He predicts that Bitcoin may lead the way for altcoins and explains the importance of high-quality assets. Park also unveils ProCap’s Bitcoin treasury strategies and discusses the evolving world of DATs. Additionally, he reframes the debasement trade as a 'purification trade,' addressing macroeconomic distortions while examining long-term structural forces at play.
108 snips
Oct 10, 2025 • 58min
The Ingredients Are in Place for a Blow-Off Top | Weekly Roundup
This week, the discussion delves into the potential impacts of a government shutdown on the markets. Insights on Paul Tudor Jones’ predictions create buzz around a possible market blow-off top. The gold trade receives an update, highlighting its role as a protective asset. The AI CapEx boom shows intriguing curves of circular financing. Furthermore, an analysis of Ethereum’s growing potential reveals factors like treasury accumulations and volatility dynamics. It's a thought-provoking look at the interplay of politics, markets, and emerging technologies.
35 snips
Oct 8, 2025 • 57min
The Recession Has Already Started | George Robertson
Monetary analyst George Robertson, author of *Monetary Frontier*, shares his bearish outlook, arguing that the recession has started despite booming markets. He attributes this downturn to fiscal tightening from tariffs, falling corporate profits, and troubling employment indicators. Through his flow-of-funds analysis, he highlights the disconnect between S&P performance and real earnings, raising concerns over job losses and corporate strain. George warns of upcoming economic challenges, urging listeners to reconsider their investment strategies.
94 snips
Oct 3, 2025 • 55min
This Bull Market Has Legs | Weekly Roundup
This week, the hosts tackle the potential implications of a government shutdown on markets and the troubling signs from weak labor data. They dive into how AI might boost productivity despite rising youth unemployment and explore intriguing links between asset inflation and declining fertility rates. Discussion heats up around whether current market dynamics could lead to a tech-style bubble and the possibilities of a risk-asset melt-up. They also consider the potential impact of fiscal measures on equities and the shifting landscape of market leadership.
35 snips
Oct 1, 2025 • 21min
Emerging Markets, Stablecoins & Why You Should Look Beyond the U.S. | Amy Oldenburg
Amy Oldenburg, Head of Emerging Markets Equity at Morgan Stanley, shares her fascinating transition from tech to finance. She explores how emerging markets are adopting crypto, highlighting mobile-first nations as ripe for stablecoin growth. Amy discusses the challenges banks face with this shift and how governments respond to the rise of dollar-denominated stablecoins in high-inflation regions. She also identifies promising trends and opportunities in innovation across China and other emerging economies.
98 snips
Sep 26, 2025 • 1h 8min
Economic Reacceleration or Growth Scare? | Weekly Roundup
The discussion tackles the biggest threats to the economy and explores whether the MAG7 stocks represent a bubble. Surprising consumer data signals strong GDP revisions, while the housing market shows fluctuating trends amidst rising interest rates. Concerns over Federal Reserve policies reveal potential risks within the labor market, and gold's stability is compared to Bitcoin's volatility as a macro hedge. The conversation delves into income inequality and the implications of industrial policies on national resilience, leaving listeners with valuable asset positioning advice.
65 snips
Sep 24, 2025 • 27min
Inevitable Money Printing Will Drive A “Debt Doom Loop” | Arthur Hayes
Arthur Hayes, Co-founder of BitMEX and CIO of Maelstrom, dives into the challenges of Fed independence and the looming threat of money printing. He explains how Bitcoin could be the best hedge against inflation, discussing its performance compared to gold and stocks. The conversation also navigates the impact of AI on economic policies, the rise of DeFi and stablecoins, and the critical competition among decentralized exchanges. Hayes offers insights on systemic risks within the stablecoin ecosystem and what drives crypto adoption in Asia.
