Supply Shock

Michael Howell, CEO of CrossBorder Capital, discusses the global liquidity cycle and its impact on markets in 2023 & 2024. Topics include inflation, rising interest rates, reduced impact of QE, and the role of crypto & Gold in portfolios.

Bitcoin breaks $37,000, DAS London conference preview, market swings and impact of real yields, potential Circle IPO, lessons from the bear market

Adam Back, Co-Founder & CEO of Blockstream, discusses Bitcoin cycles, lightning network developments, Bitcoin ETF, and undervalued Bitcoin. The podcast also covers the mining sector, Bitcoin's path to $100,000, correlation between hash rate and security, and Blockstream's ASIC product.

This week, the podcast covers the market rally in stocks and bonds, Powell's FOMC meeting, Nonfarm Payroll's data release, and Coinbase earnings. They also discuss the DAS London conference, the impact of bad economic news, the increase in TLT, Blockworks research offer, and exploring digital commodities like Bitcoin and ETH.

Andy Constan, Founder of Damped Spring & Co-Founder of 2 Gray Beards, talks about catching this week's risk-on rally and the impact of the recent QRA release from the U.S Treasury. They discuss the composition of bond financing, Janet Yellen's refunding announcement, and the potential impact on the stock market and economy. Andy's accurate predictions are acknowledged, and links to previous episodes with Andy are shared.

Former hedge fund manager and private investor Michael Kao joins the show to discuss the U.S. Treasury refunding announcement and the Fed's FOMC meeting. They explore the dollar yen cross, the market's reaction to Powell's press conference, and the four horsemen of economic resilience. They also critique Jay Powell's approach, analyze interest rates and bear steepening in the bond market, and discuss the issuance of US Treasury debt. The speakers propose thinking outside the box to address the bear steepening in the bond market and highlight the criticism of Janet Yellen's actions.

Arthur Hayes, CIO at Maelstrom Fund, discusses the bursting of the sovereign debt bubble, the impact of the bear steepener on bank balance sheets, and how crypto can act as a safe haven during financial repression and inflation. They also explore the social implications of government financing and the role of oil in modern civilization. Additionally, they touch on topics like inflation, real interest rates, Bitcoin's behavior compared to tech stocks, and the institutional adoption of Bitcoin and cryptocurrency.

Discussion on recent increase in Bitcoin price, gamma squeeze, upcoming conference in London, importance of experience in trading, introduction to Blockworks Research, analysis of Q3 GDP number, investment topics and regrets

Renowned economist Dr. Claudio Borio and Joseph Wang discuss the interplay of monetary and fiscal policy, risks of high debt levels, inflation regimes, and the implications of credit losses. Touches on the role of central banks in shaping financial cycles and the need for regulation.

Discussion on the false Bitcoin ETF headline that caused Bitcoin to surge to $30k. Analysis of the bond market sell-off and its historical context. Insight into insolvent banks, heavily indebted companies, and Apple's increased debt. Analyzing Netflix and Tesla earnings and valuation. Contrasting signals between the NASDAQ and bonds in traditional markets.