WTFinance

Interview recorded - 29th of October, 2025On this episode of the WTFinance podcast I had the pleasure of welcoming on Kenneth Rogoff. Kenneth is a world-renowned economist, former Chief Economist at the International Monetary Fund & Maurits C. Boas Professor at Harvard University. During our conversation we spoke about liberation day, impact on global economy, whether it would help manufacturing in the US, deficits, risk of US Dollar supremacy and more. I hope you enjoy!0:00 - Introduction1:42 - Current macroeconomics2:52 - Liberation day5:47 - Manufacturing in the US?8:10 - Concentrated Manufacturing12:08 - Deficits14:32 - Inflation16:57 - Fallout of continued deficits20:10 - Central bank independence26:52 - Chinese deflation29:42 - End of US Dollar Hegemony?34:42 - Replacing the US Dollar39:22 - US Dollar liquidity40:38 - One message to takeaway?Kenneth Rogoff is Maurits C. Boas Professor at Harvard University, and former chief economist at the IMF. His influential 2009 book with Carmen Reinhart, This Time Is Different: Eight Centuries of Financial Folly, shows the remarkable quantitative similarities across time and countries in the roots and aftermath of debt and financial crises. Rogoff is also known for his pioneering work on central bank independence, and on exchange rates. He is co-author of the widely-used graduate text, Foundations of International Macroeconomics. His 2016 book The Curse of Cash looks at the past, present and future of currency from standardized coinage to crypto-currencies. His monthly syndicated column on global economic issues is published in over 50 countries. Rogoff’s 2025 book Our Dollar, Your Problem: An Insider’s View of Seven Turbulent Decades of Global Finance and the Road Ahead offers a sweeping view of the post-war rise of the dollar, the challenges the rest of the world has in dealing with it, and how this experience can help inform the contours of the evolving new global financial system.Rogoff is an elected member of the National Academy of Sciences and the American Academy of Arts and Sciences. He has long ranked among the top dozen most cited economists, and is an international grandmaster of chess.Kenneth Rogoff - Book: https://yalebooks.yale.edu/book/9780300275315/our-dollar-your-problem/Website: https://rogoff.scholars.harvard.edu/X: https://x.com/krogoffWTFinance -Spotify - https://open.spotify.com/show/67rpmjG92PNBW0doLyPvfniTunes -https://podcasts.apple.com/us/podcast/wtfinance/id1554934665?uo=4LinkedIn - https://www.linkedin.com/in/anthony-fatseas-761066103/Twitter - https://twitter.com/AnthonyFatseasThumbnail image from - https://www.fairobserver.com/economics/our-dollar-your-problem-market-stress-exchange-rate-feedback-and-the-fiscal-reckoning-ahead/

Interview recorded - 22nd of August, 2025On this episode of the WTFinance podcast I had the pleasure of welcoming on Tyler Neville. Tyler has experience trading equities & derivatives and macro investor for 20 years, traded at Franklin Templeton & has a keen focus on macro & market structure. You may have also seen him on Real Vision or Blockworks.During our conversation we spoke about Jackson hole, losing control of bond markets, the last 40 years, financial nihilism, strength of the US, political philosophy and demographics. I hope you enjoy!0:00 - Introduction2:49 - Thoughts on Jackson Hole?5:13 - Losing control of bond markets9:36 - High rates stimulatory?12:11 - The last 40 years21:38 - Back to the 1960’s?25:57 - Financial Nihilism28:27 - Strength of the US30:02 - Inflate the currency31:41 - Peter Thiel Political Philosophy39:11 - Risk of AI?44:38 - Ageing population positive with AI/robotics?51:05 - One message to takeaway?Previously, Tyler traded equities & derivatives at several hedge funds and Franklin Templeton, a trillion-dollar asset manager. Tyler also served as Editorial Director at both Real Vision and Blockworks in between stints in the investment world. Tyler Neville - X - https://x.com/Tyler_Neville_WTFinance -Spotify - https://open.spotify.com/show/67rpmjG92PNBW0doLyPvfniTunes -https://podcasts.apple.com/us/podcast/wtfinance/id1554934665?uo=4LinkedIn - https://www.linkedin.com/in/anthony-fatseas-761066103/Twitter - https://twitter.com/AnthonyFatseasThumbnail Image from - https://coinpedia.org/news/who-will-replace-fed-chair-jerome-powell-donald-trumps-shortlist-just-dropped/

Interview recorded - 20th of August, 2025On this episode of the podcast I have the pleasure of welcoming on Kevin Muir. Kevin has three decades of trading experiencing, is the writer of the Macro Tourist and co-host of the podcast The Market Huddle. During our conversation we spoke about the shift away from Monetary to Fiscal Dominance, the US outperformance being linked to its large deficit, how the Treasury is more powerful than the FED, massive global government spending and more. I hope you enjoy!0:00 - Introduction1:21 - Shift from monetary to fiscal driven economy10:16 - US fiscal steroids14:51 - Treasury more powerful than central banks?22:11 - Moving issuance forward on the curve25:41 - Market narratives27:04 - Do deficits matter?35:51 - No tax increases or less spending38:44 - Massive global government spending40:18 - Market reaction52:12 - Earnings concentration54:31 - One message to takeaway?Kevin Muir is a former bank equity index derivative trader who for the past two decades has been trading purely on a proprietary basis for both himself and other individuals.During his three decades of trading, he has learned a few things about the market, but the one thing he is certain of is that he will still find new mistakes to make.With the MacroTourist Letter, readers come along for a journey that benefits from the wisdom Kevin has accumulated over the years, but also get to watch as new mistake are made.This is not a letter filled with back-slapping high-fives after good trades, but where bad calls are never mentioned. Kevin believes that the mistakes are where traders learn, and by also discussing the mistakes, other traders can learn from his.Kevin Muir - Newsletter - https://themacrotourist.com/Podcast -  @TheMarketHuddle  X - https://x.com/kevinmuirEmail - kevin@themacrotourist.comWTFinance -Spotify - https://open.spotify.com/show/67rpmjG92PNBW0doLyPvfniTunes -https://podcasts.apple.com/us/podcast/wtfinance/id1554934665?uo=4LinkedIn - https://www.linkedin.com/in/anthony-fatseas-761066103/Twitter - https://twitter.com/AnthonyFatseasThumbnail Image from - https://www.cbsnews.com/news/unwanted-tanks-and-other-government-waste-detailed-in-reports/

On this episode of the WTFinance podcast I had the pleasure of welcoming back Michael Oliver. Michael is the founder of Momentum Structural Analysis.During our conversation Michael spoke about the economic weakness he is seeing in the markets, why he thinks there could be a crash, whether he has been surprised the FED hasn't cut, monumental crash and more. I hope you enjoy!0:00 - Introduction 1:40 - Overview on markets6:46 - Economic weakness10:17 - Surprised FED haven’t cut?14:24 - Bond market19:52 - Global markets25:02 - Monumental crash27:15 - Liquidity28:30 - One message to take awayJ. Michael Oliver entered the financial services industry in 1975 on the Futures side, joining E.F. Hutton’s International Commodity Division, headquartered in New York City's Battery Park. He studied under David Johnston, head of Hutton’s Commodity Division and Chairman of the COMEX.In the 1980s Mike began to develop his own momentum-based method of technical analysis. He learned early on that orthodox price chart technical analysis left many unanswered questions and too often deceived those who trusted in price chart breakouts, support/resistance, and so forth.In 1987 Mike technically anticipated and caught the Crash. It was then that he decided to develop his structural momentum tools into a full analytic methodology.In 1992 the Financial VP and head of Wachovia Bank's Trust Department asked Mike to provide soft dollar research to Wachovia. Within a year, Mike shifted from brokerage to full-time technical research. He is also the author of The New Libertarianism: Anarcho-Capitalism.Michael Oliver - Website - https://www.olivermsa.com/Twitter - https://twitter.com/Oliver_MSAWTFinance -Spotify - https://open.spotify.com/show/67rpmjG92PNBW0doLyPvfniTunes -https://podcasts.apple.com/us/podcast/wtfinance/id1554934665?uo=4LinkedIn - https://www.linkedin.com/in/anthony-fatseas-761066103/Twitter - https://twitter.com/AnthonyFatseasThumbnail Image from - https://www.marketwatch.com/story/stock-investors-are-still-in-danger-but-history-says-bear-markets-are-relatively-brief-11655419223

In this discussion, Professor Richard Wolff, an esteemed economics expert from the University of Massachusetts, delves into the decline of the American economic system. He critiques the erosion of the middle class and examines the rise of state violence against immigrants. Wolff explores the appeal of socialist politicians amid growing voter disillusionment. He also addresses systemic issues linked to capitalism and reflects on the global shift towards left-wing politics, urging for meaningful change in the face of escalating societal challenges.

Alasdair Macleod, a seasoned educator in sound money and economics, shares insights on the looming financial landscape reminiscent of 1929. He discusses the urgent need to cut deficits and warns against the impending collapse of the fiat currency system. The conversation delves into the potential confiscation of gold and emphasizes the importance of tangible assets for wealth preservation. Macleod also reflects on the shifting dynamics between the U.S. and China and the implications of Central Bank Digital Currencies on the global financial stage.

Join Jim Bianco, President and Macro Strategist at Bianco Research, as he delves into the intricate world of finance. He discusses the potential consequences of a Federal Reserve rate cut amid rising inflation and tariffs affecting international companies. The conversation touches on the impact of immigration on wage inflation and the climate of government debt. Bianco evaluates the precarious bond market situation and speculates on the future of stablecoins versus traditional money market funds, highlighting the new economic landscape post-pandemic.

Dr. Jan Oberg, a sociologist and director of the Transnational Foundation for Peace & Future Research, joins the discussion on shifting geopolitics. He critiques NATO's possible fractures and the West's decline, urging a reevaluation of military strategies. Oberg highlights Europe's dangerous reliance on U.S. military policy and promotes cooperation over conflict. He advocates for redirecting military funds towards humanitarian efforts and emphasizes the role of peace research in society, likening it to medicine's fight against disease.

Marc Faber, a renowned contrarian investor and the mind behind the ‘Gloom, Boom & Doom Report,’ dives into the pressing issues of our time. He explains how government actions exacerbate economic inequality and contribute to inflation. Faber critiques the consequences of excessive spending and borrowing, suggesting that we're on the brink of a market bubble. He highlights the undervaluation of gold and emerging markets, particularly in agriculture, as compelling investment opportunities amidst global economic shifts. Buckle up for a thought-provoking discussion!

Lyn Alden, a leading macro strategist and founder of Lyn Alden Investment Strategy, discusses her insights into the current economic landscape. She covers the alarming rise of U.S. fiscal deficits and the complexities of financial dominance in markets. Alden delves into the implications of tariffs, the risks posed by high interest rates, and how these factors may push the U.S. towards a scenario similar to Japan’s economic model. Her thoughts on financial repression and investment strategies for navigating economic volatility are particularly engaging.