U.S Dollar & Energy's Role In The "Debt Death Spiral" End Game | Luke Gromen
Blockworks Macro, Released on 5/24/23
On today's episode of On The Margin, Luke Gromen Founder & President of Forest for the Trees (FFTT) joins the show for a discussion on the end game for the Fed. After highlighting many of the structural shifts underpinning the current monetary system over the past few years, Luke lays out his thesis on the intersection between peak cheap energy and the U.S dollar system. Luke goes on to walk through how the Fed will be forced to manage these dynamics with inflation above trend and record high debt to GDP levels. To hear all this and more, you'll have to tune in!
00:00 Introduction01:15 Have We Reached Peak Cheap Energy?07:58 Permissionless II Ad08:46 Oil Is The Real Economic Discount Rate13:06 Central Banks Have Stoped Buying U.S Treasurys19:03 What's The End Game For The Fed?27:38 Why The U.S Is Not Like Japan32:12 Research Ad33:02 Luke's Macro Outlook For 202340:29 Approaching A "Debt Death Spiral"42:44 Gold & Bitcoin
Luke Gromen is a graduate of the University of Cincinnati and received his MBA from Case Western Reserve University. He earned the CFA designation in 2003. Luke provides strategic consulting services for corporate executives and is the founder of The Forest For The Trees, LLC, a macro/thematic research firm catering to institutions and individuals.
U.S Dollar & Energy's Role In The "Debt Death Spiral" End Game | Luke Gromen added by Herman James on 05/23/2023View all posts by Herman James ?+'