Today's special edition podcast, recorded May 2, features an interview with Saxo Chief Economist and CIO Steen Jakobsen as we look at the current lay of the land across markets, discussing the funk equity investors find themselves in as they await this week's FOMC meeting, how far the Fed is ready to take policy tightening, USD liquidity challenges and therefore challenges for global liquidity, the ongoing impact from the war in Ukraine, the hapless Bank of England and headwinds for the UK economy, deglobalization and limits of the physical world, China and more. John J. Hardy hosts.

Intro and outro music by AShamaluevMusic