Show Notes
Macro strategist Luke Gromen joins Alexej Jordanov to explain why both Fed rate hikes and rate cuts are now inflationary, why the US bond market, not the stock market, is the real bubble, and why he believes gold is headed to five figures.
In this conversation, Luke breaks down the fiscal dominance trap facing the Fed, why $40 trillion in US debt makes rate hikes self-defeating, and why 53 out of 53 nations that hit 130% debt-to-GDP in the last 220 years have inflated away their debt with the US now joining that list. He unpacks his "bond singularity" thesis on how AI is accelerating a bond market crisis faster than any AI productivity boom can offset it, why industrial supply chains are already showing early signs of a hyperinflationary mindset ("I'd rather own copper than cash"), and why the dollar debasement trade in gold, silver, and Bitcoin is back on.
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