This is MacroVoices, the free weekly financial podcast targeting professional finance, high

net worth individuals, family offices, and other sophisticated investors. MacroVoices

is all about the brightest minds in the world of finance and macroeconomics telling it

like it is, bullish or bearish, no holds barred. Now here are your hosts, Eric Townsend

and Patrick Ceresna. MacroVoices episode 393 was produced on September 14th, 2023. I'm

Eric Townsend. Convexity Maven, Harley Basman returns as this week's feature interview

guest. Harley says why take credit risk when the market is paying traders who understand

convexity more handsomely. We'll also discuss inflation and the other usual macro suspects.

And I'm pleased to finally announce the release of energy transition crisis. My new docu-series

explaining why climate change isn't even the best reason that we need to break our addiction

to fossil fuels. You can watch it for free right now on YouTube or at energytransitioncrisis.org.

There's also a link in your research roundup email. And I'd consider it a personal

favor if you take a moment of your time to subscribe to the energy transition crisis YouTube

channel. Even if you're not a big YouTube watcher and don't even care about getting notified

about future episodes, thousands of MacroVoices listeners subscribing to that YouTube channel

will provide the kickstart needed to get YouTube's algorithms to promote energy transition crisis

to more users. I'll have more information for you about the project right after the feature

interview with Harley Bassman. There's a good chance the research roundup email will be delayed

this week until about 1 p.m. on Thursday afternoon Eastern time. So please bear with us if the

research roundup is a couple of hours behind the release of the podcast itself.

And I'm Patrick Suresna with the macro scoreboard week over week as of the close of Wednesday,

September 13, 2023. The S&P 500 December futures were up 103 basis points closing at 45-17.

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