128 - Scariest Macro Setup In 20+ Years | Luke Gromen
Bankless
Bankless
4.7 • 1.2K Ratings
🗓️ 18 July 2022
⏱️ 87 minutes
🧾️ Download transcript
Summary
✨ DEBRIEF ✨ | Ryan & David's Unfiltered Thoughts on the Episode: https://shows.banklesshq.com/p/128-luke-gromen-debrief
Luke Gromen is a macro analyst and founder of Forest for the Trees, a research company which helps investors find the signal. Luke is another one of our big macro brained guests in the same vein as Lyn Alden, Raoul Pal, and Jim Bianco.
On this episode, Luke unpacks how macro got this bad, what the end game looks like, why this is the scariest macro setup Luke has seen in 20+ years, and how to prepare.
The fog of what’s going on is thick, but we're on a quest to find out what in the world is going on. Knowing this is key to understanding the next steps crypto takes. Buckle up.
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Topics Covered:
0:00 Intro
6:08 Scariest Macro Setup In 20+ Years
14:15 Why This is the End
22:10 How’d We Get Here
26:45 Bursting Sovereign Debt Bubble
36:45 Fed Data Interpretation
42:42 How the End Game Plays Out
1:01:21 The Affect on The Average Person
1:07:35 U.S. Middle Class vs. Treasury Holders
1:14:58 The Future of Assets & Currencies
1:20:20 What Happens to Energy Commodities?
1:25:40 Equities, Gold, & Crypto
1:31:46 How to Prepare
1:36:50 Closing & Disclaimers
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Resources:
Luke Gromen
https://twitter.com/LukeGromen
Forest Through the Trees
https://fftt-treerings.com/
Luke’s Youtube Channel
https://www.youtube.com/c/LukeGromenFFTTLLC
Lyn Alden
https://youtu.be/XaHuwUDd1C8
Jim Bianco
https://youtu.be/VMNmxFzKI64
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Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research.
Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here:
https://newsletter.banklesshq.com/p/bankless-disclosures
Transcript
Click on a timestamp to play from that location
| 0:00.0 | Welcome to Bankless, where we explore the frontier of internet money and internet finance. |
| 0:11.9 | This is how to get started, how to get better, how to front run the opportunity. |
| 0:15.7 | This is Ryan Sean Adams and I'm here with David Hoffman and we're here to help you become |
| 0:20.1 | more bankless. |
| 0:21.1 | Guys, amazing podcast episode. |
| 0:23.6 | I hope you've been enjoying our macro episodes because here is yet another as we're trying |
| 0:28.1 | to understand the landscape in front of us right now. |
| 0:31.7 | Luke Groman is our podcast guest today. |
| 0:35.0 | He calls where we are now the scariest macro setup he's ever seen in his career. |
| 0:41.0 | That's where we start a few things to take away from this episode. |
| 0:44.6 | Number one, why is this the scariest macro environment? |
| 0:48.3 | Luke Groman has ever seen in his career. |
| 0:50.5 | Number two, what a bursting sovereign debt bubble does to the world, what it does to individuals, |
| 0:56.8 | why the choice for America is between bailing out the middle class or bailing out the treasury, |
| 1:02.6 | the asset class. |
| 1:04.1 | Number four, the future of all of the asset classes that are investible, including what |
| 1:08.5 | he thinks about bonds and gold and equities and crypto and energy. |
| 1:14.1 | And finally, number five, how we get ready. |
| 1:16.4 | What is the ultimate portfolio to weather this storm? |
| 1:19.3 | David, this was another fantastic episode. |
| 1:21.4 | I'm just taking notes because I feel like I'm getting schooled in macro today with all |
| 1:25.5 | of the content coming our way in bank lists over the last few episodes. |
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