BTC045: Luke Gromen on China, Evergrande, Macro, & Bitcoin
We Study Billionaires - The Investor’s Podcast Network
Stig Brodersen
4.6 • 3.6K Ratings
🗓️ 29 September 2021
⏱️ 76 minutes
🧾️ Download transcript
Summary
IN THIS EPISODE, YOU’LL LEARN:
- 01:18 - Has the global economy ran out of steam?
- 12:46 - What's the real story with inflation and what's causing it?
- 24:31 - What is Luke's opinion on China's Evergrande?
- 32:09 - The Debt Ceiling getting raised.
- 52:36 - Bitcoin.
- 55:44 - When does the debt go from depressive to manic?
- 01:04:40 - Gary Gensler on Digital Assets.
- 01:08:57 - Luke's favorite Macro investment thesis.
*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.
BOOKS AND RESOURCES
- Luke's Books on Amazon.
- Luke's Macro Research Firm.
- Lyn Alden's paper on Inflation.
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Transcript
Click on a timestamp to play from that location
| 0:00.0 | You're listening to TIP on today's show I bring back by popular demand Mr. Luke Groman during the show |
| 0:07.6 | We talk about a lot of things that are happening around the world from a macro landscape |
| 0:11.3 | Although we do cover Bitcoin a little bit near the end of the conversation much of the topics involved China's ever-grant situation |
| 0:18.5 | The idea that central banks are providing forward guidance that they're going to try to tighten market conditions |
| 0:24.1 | Credit markets and much more as always Luke brings fire |
| 0:27.9 | So I hope you guys enjoyed this conversation with Mr. Luke Groman |
| 0:34.3 | You're listening to Bitcoin Fundamentals by the Investors podcast network now for your host Preston Pish |
| 0:42.6 | Hey everyone welcome to the show like I said in the introduction I'm here with Luke Groman Luke welcome back to the show |
| 0:59.1 | I think this is your million time on the investors podcast so welcome |
| 1:03.6 | Make sure to be back. I'm very happy to be back. So it's great to be here |
| 1:08.8 | So what's new man? |
| 1:10.8 | There's a lot going on everything's everything's good here. Hopefully you and the family are well. There's certainly a lot going on macro wise |
| 1:17.6 | Oh my lord macro wise it it seems like we've just been on this trip like this rocket ship that is just kept going and now all the sudden like the engines are starting the |
| 1:27.9 | Sputter and they're like hey, maybe this is just a little too good to be true like what's going on? So |
| 1:34.1 | From your vantage point, what is that? |
| 1:36.1 | I think that's a very good way of phrasing it. I think if we go back to let's you know if you go back to |
| 1:43.6 | Probably mid-18 say we're friends gonna taper and we've got this thing and we had the crisis and we did everything |
| 1:50.7 | We had to do and we told you we were gonna normalize a balance sheet |
| 1:54.0 | We're normalizing the balance sheet and we told you we could sell these bonds and then you had sort of the first rupture of |
| 2:00.0 | FX such treasure yields going negative and that was sort of that was sort of fit and start one and |
| 2:05.2 | That rolled in the early 19 where you had interest on excess or put funds go over interest on excess reserves |
| 2:10.4 | Which wasn't supposed to happen that was fit start number two then you saw the economy slow yield curve flatten |
... |
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