Fed Faces "Debt Death Spiral" While Inflation Soars | Luke Gromen & Jim Bianco

Published: March 13, 2022, 11 a.m.

b'In today\'s episode of Forward Guidance, Jack Farley is joined by Jim Bianco of Bianco Research and Luke Gromen, Founder of FFTT to discuss the situation the Fed finds itself in the face of the highest inflation in 40 years.\\xa0\\n\\nWith a debt to GDP over 100%, is the Fed trapped and inflation the only way out? Luke discusses the post 1971 Nixon shock\'s effect on the Dollar and walks us through the series of events which led to the Fed now being faced with, a "debt death spiral".\\n\\nJim explains how inflation is President Biden\'s biggest problem and what this means for rate hikes ahead of FOMC. Are there signs of a recession in the U.S economy as commodities soar, the 2s 10s yield curve spread tightens & OIS spreads turn negative?\\xa0\\n\\nJim & Luke provide an absolute macro power hour you CAN\'T afford to miss. To hear their thoughts on commodities, stress in the treasury market, effect of Russia & Ukraine conflict, sanctions speeding up the trend of de-dollarization & the death of globilazation, you\'re just going to have to tune in to find out.\\n\\n--\\nBCB is Europe\\u2019s leading provider of business accounts and trading services for the digital asset economy. With a dedicated focus on institutional payment services, BCB Group provides business banking, cryptocurrency and foreign exchange market liquidity for some of the world\\u2019s largest crypto-engaged financial institutions.\\n\\n\\nBCB Business Accounts allow businesses to load fiat currency and cryptocurrencies for payments, operations and trading purposes. BCB\\u2019s clients can trade FX and cryptocurrencies quickly and at scale, with market-leading value. BCB\\u2019s BLINC network is the European crypto industry\\u2019s first instant settlements network and one of the first real-time payment networks of its kind to allow free, real-time transactions across fiat and digital currencies.\\n\\nFor more information, please visit https://bcbgroup.com/jack.\\n\\n--\\n\\nIf you like this episode be sure to subscribe to our newsletter at https://blockworks.co/newsletter'