In this special episode, we are joined by Jesse Felder of The Felder Report to discuss the macro takeaways from our recent newsletters. We discuss the Fed's fight with inflation, the heightened recession risks, the distress in financial markets, and the early innings of a commodity supercycle.

A transcript of this podcast, with relevant images and quotes, is available for all subscribers just below the show notes. The episode is based on our recent newsletters, including yesterday's, which are available on Substack.

Our podcast is also available on Apple Podcasts, Spotify, Google Podcasts, YouTube, and Amazon Music.

Show Notes

00:00:00 Introduction

00:00:15 The Fed’s Hard Time with Inflation

00:02:46 Inflation Is a Choice

00:06:54 Recession Risks

00:10:36 When will Real Rates be Positive? 

00:12:47 Declining Consumer Deposits

00:15:50 The Energy Crisis & The Commodity Supercycle

00:22:54 Conclusion

This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit thetranscript.substack.com/subscribe