Michael Kao: Bank Bailout Allows The Fed To Tighten Even More
b"Michael Kao, former hedge fund manager and private investor, joins Jack Farley to share his thoughts on the turmoil in the banking sector, the consequences of the policy response from Washington, and the fate of the U.S. Dollar as the global reserve currency. Kao argues that the Fed\\u2019s recent assistance to U.S. banks allows the Fed to hike more in order to fight inflation.\\nKao also shares his view on today\\u2019s consumer price index (CPI) reading, China, and the global oil market. Recorded at 1pm ET on March 14, 2023.\\n____\\nFollow Michael Kao on Twitter: https://twitter.com/UrbanKaoboy\\nFollow Kaoboy Musings on Substack: https://urbankaoboy.substack.com/about\\nFollow Jack Farley on Twitter https://twitter.com/JackFarley96\\nFollow Forward Guidance on Twitter https://twitter.com/ForwardGuidance\\nFollow Blockworks on Twitter https://twitter.com/Blockworks_\\n____\\nUse code GUIDANCE10 to get 10% off Permissionless 2023 in Austin:\\nhttps://blockworks.co/event/permissionless-2023\\nResearch, news, data, governance and models \\u2013 now, all in one place. As a listener of Forward Guidance, you can use code GUIDANCE10 for a 10% discount when signing up to Blockworks Research https://www.blockworksresearch.com/\\n____\\nGet top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter:\\nhttps://rb.gy/5weeyw\\nMarket commentary, charts, degen trade ideas, governance updates, token performance, can\\u2019t-miss-tweets and more. Subscribe to the Blockworks Research \\u201cDaily Debrief\\u201d Newsletter: https://rb.gy/feusos\\n____\\nTimestamps:\\n(00:00) Intro\\n(00:36) The Banking Panic Could Be Over, Says Michael Kao\\n(09:14) It's The Shadow Banking Sector That's In Trouble\\n(14:11) Has The Bank Panic Prevented The Fed From Tightening Monetary Policy?\\n(17:46) Has The Bank Panic Prevented The Fed From Tightening Monetary Policy?\\n(20:59) Blockworks Research\\n(21:57) Do We Have Structural Inflation?\\n(25:03) Black Swan: Oil To $300\\n(37:33) China's Oil Demand Is Lower Than Expected\\n(41:13) The U.S. Dollar Wrecking Ball\\n(46:24) Permissionless Ad\\n(47:26) China's Hidden Debt\\n(55:36) How Stable Is The U.S. Dollar As The Global Reserve Currency?\\n(01:08:36) Closing Thoughts On Bank Panic & Federal Reserve\\n____\\nDisclaimer: Nothing discussed on Forward Guidance should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets."