On today's episode of "On the Margin", Jack Farley, friend of the show and Host of another Blockworks podcast “Forward Guidance”, joins the show for a discussion on the central banking super bowl.
As over 20 central banks around the world decide their key policy rates this week, including the Fed, BoE & SNB, we invited Jack to the show to share his thoughts on what this means for equities, bonds & most importantly inflation. In Jack’s mind, there was no doubt the Fed was “behind the curve”, but are they also “looking in the rear view mirror?” as they aim to slay the inflation dragon? To find out, you’ll just have to tune in!
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Referenced In The Show:
Powell Won't Stop "Until The Job Is Done" | Danielle DiMartino Booth:
https://open.spotify.com/episode/1JZdcUsIivVSuIuF7q4Q7v?si=196c1d9a9b2f496b
The Bear Market Has Only Just Begun | Ted Oakley:
https://open.spotify.com/episode/2jx2I7cwDREUXAWDfdWUtX?si=0a00efc3ac3a48b5
Is a Global Recession Imminent?
https://www.worldbank.org/en/research/brief/global-recession
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(00:00) Introduction
(00:43) The Superbowl of Central Banking
(02:25) Slowing Growth & Soaring Inflation
(03:40) Are We Heading For A Soft Landing?
(11:25) Is The Fed Looking In The Rear View Mirror?
(16:15) Is Inflation a Psychological or a Monetary Phenomenon?
(18:15) Signs of Liquidity Stress In The Treasury Market
(23:50) IMF: Is a Global Recession Imminent?
(24:50) Circle Ad
(26:10) Has Inflation Peaked?
(35:40) Stanley Druckenmiller Warns There Is A “High Probability” The Stock Market Will Be “Flat” For A Decade
(37:32) What To Expect Ahead of FOMC?
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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.