Supply Shock

On today's episode of "On the Margin", Jordi Alexander CIO of Selini Capital & Justin Bons Founder & CIO of Cyber Capital for a Bitcoin debate.Having opposing views on the long term sustainability of Bitcoin, Jordi & Justin debate if Bitcoin has long term staying power and discuss the value propositions of other cryptocurrencies. Does Bitcoin have utility, is it's long term security model sustainable, what are the pros and cons of Proof of Work vs Proof of Stake and is Bitcoin immaculate conception enough to warrant it's spot as the number one cryptocurrency. To find out, you'll have to tune in!--Follow Jordi: https://twitter.com/gametheorizingFollow Justin: https://twitter.com/Justin_BonsFollow Mike: https://twitter.com/MikeIppolito_Follow On The Margin: https://twitter.com/OnTheMarginPodFollow Blockworks: https://twitter.com/blockworks_Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://blockworks.co/newsletter/--Circle’s USDC is one of the most trusted and widely used stablecoins in the digital asset industry. Check out their Transparency Hub at circle.com/transparency that outlines everything from links to USDC weekly reserve reports, monthly attestations, and blog posts written by their executive team highlighting how and why USDC was built the way it is.--Timestamps:(00:00) Introduction(01:05) Jordi & Justin's Bitcoin Framework(05:29) Does Bitcoin Have Utility?(09:46) What Is Money?(17:12) Inflationary vs Deflationary Money(29:53) Bitcoin's Immaculate Conception(33:58) Bitcoin's Long Term Security Model(39:11) Circle Ad(40:31) Proof of Work vs Proof of Stake(49:03) Bitcoin's Blocksize Limit(1:02:25) Final Thoughts--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.

This week, Mark & Mike discuss the Fed rate hike decision of 75bp. As markets interpreted the announcement as dovish and a catalyst for a small rally in risk assets, Powell's press conference walked back any dovish bias investors had. Powell made clear to markets, they had no intention of slowing down their tightening "until the job is done".All eyes remain on the labor market as an indicator for when the Fed's tightening will begin to materialise. The unemployment data came out as this episode was recorded so Mike & Mark break it down in real time. But to hear that, you'll have to tune in! --Follow On The Margin: https://twitter.com/OnTheMarginPodFollow Mark: https://twitter.com/MarkYuskoFollow Mike: https://twitter.com/MikeIppolito_Follow Blockworks: https://twitter.com/blockworks_Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://blockworks.co/newsletter/--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.

On today's episode of "On the Margin", Darius Dale CEO of 42 Macro joins the show for a discussion on the Fed's tightening cycle.By tracking the effects of liquidity on financial markets, Darius shares his framework for assessing the current tightening cycle the Fed is embarked on in their quest to fight inflation. While 2020 and 2021 saw markets soar to new highs in a liquidity cycle & growth upturn, 2022 has seen the opposite as the liquidity cycle downturns. In order to understand the market cycle, you must first understand the liquidity cycle, but to hear that, you'll have to tune in!--Follow Darius: https://twitter.com/@42macroDDaleFollow Mike: https://twitter.com/MikeIppolito_Follow On The Margin: https://twitter.com/OnTheMarginPodFollow Blockworks: https://twitter.com/blockworks_Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://blockworks.co/newsletter/--Circle’s USDC is one of the most trusted and widely used stablecoins in the digital asset industry. Check out their Transparency Hub at circle.com/transparency that outlines everything from links to USDC weekly reserve reports, monthly attestations, and blog posts written by their executive team highlighting how and why USDC was built the way it is.--Referenced In The Show: Progressing Through The Tightening Cycle: https://www.bridgewater.com/research-and-insights/an-update-from-our-cios-progressing-through-the-tightening-cycle--Timestamps:(00:00) Introduction(00:57) The Liquidity Cycle(07:58) Where Are We In The Liquidity Cycle?(16:12) The Fed Is Looking In The Rear View Mirror(19:24) Progressing Through The Tightening Cycle(24:08) Circle Ad(25:27) Tracking The Inflation Cycle(34:17) Measuring Liquidity Using The GRID Framework(40:45) Final Thoughts: Darius' Outlook On Markets--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.

This week, Mark & Mike discuss the sell-off in big tech as earnings and guidance disappoint. With Meta & Amazon down over 20% in after hours just what is big tech signalling to the rest of the market? We then discuss Meta's pivot to the metaverse, wether this is a good long term bet and what is next for big tech?Finally, we discuss what is happening in the Bitcoin mining industry as some mining firms announced being unable to repay their creditors. To hear all the top stories of this week, you'll have to tune in!--Follow On The Margin: https://twitter.com/OnTheMarginPodFollow Mark: https://twitter.com/MarkYuskoFollow Mike: https://twitter.com/MikeIppolito_Follow Blockworks: https://twitter.com/blockworks_Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://blockworks.co/newsletter/--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.

On today's episode of "On the Margin", Leland Miller CEO of China Beige Book joins the show for a discussion on China after their 20th party congress.Markets plunged on Monday after Xi Jinping clearly signalled to the world a new era within China. Leland walks through the paradigm shift in China's growth model going forward and how this spills-over into politics, economics, business and everything in between. Expecting a "slower, healthier" level of growth going forward, Leland helps investors walk through the new landscape he has been identifying for many years to come, but to hear that, you'll have to tune in!--Follow Leland: https://twitter.com/ChinaBeigeBookFollow Mike: https://twitter.com/MikeIppolito_Follow On The Margin: https://twitter.com/OnTheMarginPodFollow Blockworks: https://twitter.com/blockworks_Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://blockworks.co/newsletter/--Circle’s USDC is one of the most trusted and widely used stablecoins in the digital asset industry. Check out their Transparency Hub at circle.com/transparency that outlines everything from links to USDC weekly reserve reports, monthly attestations, and blog posts written by their executive team highlighting how and why USDC was built the way it is.--Timestamps:(00:00) Introduction (03:06) China's Economic Growth Model Has Changed(10:45) The Evergrande Fallout (15:02) Targeting "Common Prosperity" The New Social Contract In China(22:30) Circle Ad(23:50) China's Zero Covid Policy (29:38) Xi Jinping Signals A New Era For China(33:10) Chinese Markets Slide On Monday's Open (38:20) China vs U.S (43:52) The Strategic Importance of Taiwan (51:08) Final Thoughts--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.Disclaimer: Scammers are impersonating Blockworks and replying to comments on some of our videos. Please be advised that we will NEVER reply to your comment asking you to contact us on whatsapp, telegram, provide investment advice, or solicit money from you. These are scam impersonator accounts and you should not respond to them.

This week, Mark & Mike discuss everything happening in the crypto markets. As Bitcoin holds steady bouncing around $20,000, should investors expect "crypto spring", or not? Mark shares his insights into the Metcalfe law model that Tim Peterson came on the show in February to discuss.Mark & Mike also discuss Sam Bankman-Fried's proposed DeFi regulation, their broader outlook on the economy & much more. But to hear that, you'll have to tune in!--Follow On The Margin: https://twitter.com/OnTheMarginPodFollow Mark: https://twitter.com/MarkYuskoFollow Mike: https://twitter.com/MikeIppolito_Follow Blockworks: https://twitter.com/blockworks_Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://blockworks.co/newsletter/--Referenced In The Show:Possible Digital Asset Industry Standards: https://www.ftxpolicy.com/posts/possible-digital-asset-industry-standards--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.

On today's episode of "On the Margin", Eric Basmajian Founder of EPB Macro Research joins the show for an update on his "Four Stages of An Economic Slowdown" episode of On The Margin released in April of 2022.Since Eric made that call in April, things have accelerated, so we invited Eric back to the show for a discussion on how the most important economic signals are pointing to a further slowdown throughout 2022 and into 2023. What does the record tightening in monetary policy mean for the most interest rate sensitive sectors of the economy such as housing? How will that in turn effect consumption and spending? And will all of these factors combined lead to a recession into the new year? To find out, you'll have to tune in!--Follow Eric: https://twitter.com/EPBResearchFollow Mike: https://twitter.com/MikeIppolito_Follow On The Margin: https://twitter.com/OnTheMarginPodFollow Blockworks: https://twitter.com/blockworks_Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://blockworks.co/newsletter/--Circle’s USDC is one of the most trusted and widely used stablecoins in the digital asset industry. Check out their Transparency Hub at circle.com/transparency that outlines everything from links to USDC weekly reserve reports, monthly attestations, and blog posts written by their executive team highlighting how and why USDC was built the way it is.--Referenced In The Show:The Four Stages of An Economic Slowdown: https://open.spotify.com/episode/6dwcJVX8vUm5gY0bwTvdXE?si=7b81b2b4506d4ce9--Timestamps:(00:00) Introduction(01:11) The Four Stages of An Economic Slowdown(14:53) Preparing For A Revision In Earnings(19:07) Preparing For A Hard Landing(29:22) Being Surprised By The Fed's Rate Hikes(33:43) Will The Fed Achieve It's Goal? Or Will Something Break?(38:53) Circle Ad(40:13) Eric's Secular Outlook On The Economy(44:05) The Biggest Misconceptions About Inflation: Wage Price Spiral--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.

The CPI print just came out, and prices are hot. This week's roundup explores the implications of high inflation, what it means for company earnings and what to expect next.Has the Fed lost control? Is this the fault of current or prior regimes? Where are rates headed? Is QE coming back? Tune in to find out!--Timestamps:(00:00) Introduction(00:36) Update, Bitcoin Is Still A Volatile Asset(09:46) CPI Print Hot Hot Hot(17:42) Entitlement & Earnings Trouble(23:17) More Rate Hikes?(30:54 The Fed’s Failure(52:47) Restarting QE(59:52) Exporting Inflation, Will It Continue?--Follow On The Margin: https://twitter.com/OnTheMarginPodFollow Mark: https://twitter.com/MarkYuskoFollow Mike: https://twitter.com/MikeIppolito_Follow Blockworks: https://twitter.com/blockworks_Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://blockworks.co/newsletter/--Referenced In The Show:"The Committee To Save The World"http://content.time.com/time/covers/0,16641,19990215,00.htmlBilderberg Group's Connection To Everything In The Worldhttps://bit.ly/3CYEoxPRubicon (book)https://amzn.to/3fX8uIP--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.

As Mike is away on holiday, Blockworks' very own Jack Farley, host of Forward Guidance, steps in for a discussion on the top stories of the week.On the back of a labor market report, Jack and Mark break down what this means for markets, the outlook for inflation, Ray Dalio's shift in sentiment from his infamous statement "cash is trash" and finally we discuss the turmoil in U.K gilt markets, but to hear that, you'll have to tune in!--Follow On The Margin: https://twitter.com/OnTheMarginPodFollow Mark: https://twitter.com/MarkYuskoFollow Jack: https://twitter.com/JackFarley96Follow Blockworks: https://twitter.com/blockworks_--Timestamps:(00:00) Introduction(01:14) The Labor Market Is... Strong?!(10:24) When Will Inflation Go Down?(21:55) Is Cash "Trash"?(30:13) Is The Stock Market Still Overvalued?(33:49) China(38:10) Importance of Doubling Down on Your Winners(41:28) The Bank of England's Rescue of the U.K. Gilt Market--Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://blockworks.co/newsletter/--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.

On today's episode of "On the Margin", Julian Brigden Co-founder of Macro Intelligence 2 Partners for a discussion on the hyper-financialization of the U.S economy, and how that trend may now be in reverse.Looking back at historic periods of both monetary and fiscal policy being enacted together, Julian was able to identify the trend of inflation at the end of 2020 and beginning of 2021. Since positioning for the equity market correction towards the back end of 2021, Julian shares his thoughts on the current state of markets. Are equity markets oversold, or does this bear market have further to go? What cracks are starting to form in the housing market? Is this the end of hyper-financialization and is de-globalization at a tipping point? To find out, you'll have to tune in!--Follow JulianFollow MikeFollow On The MarginFollow BlockworksGet top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter--Circle’s USDC is one of the most trusted and widely used stablecoins in the digital asset industry. Check out their Transparency Hub at circle.com/transparency that outlines everything from links to USDC weekly reserve reports, monthly attestations, and blog posts written by their executive team highlighting how and why USDC was built the way it is.--Referenced In The Show:How Bad Will the German Recession Be?--Timestamps:(00:00) Introduction(01:05) A Shift In Inflation(13:09) CEO Compensation(20:23) The Housing Market(33:05) Circle Ad(34:25) Powell Is Channeling His Inner Volcker(39:54) What Is Happening In Europe?(46:27) We Are At A Tipping Point--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.