In this episode, Prometheus Research joins the show to discuss his macro framework, what the subcomponents of GDP tell us about the economy, and where we are in the business cycle. We also take a deep dive into the manufacturing sector, the components of liquidity, and much more. Enjoy!\n__\nFollow Prometheus Research: https://x.com/prometheusmacro\nFollow Felix: https://x.com/fejau_inc\nFollow Forward Guidance: https://twitter.com/ForwardGuidance\nFollow Blockworks: https://twitter.com/Blockworks_\n__\nJoin us at Permissionless III Oct 9-11. Use code: FG10 for a 10% discount: https://blockworks.co/event/permissionless-iii\n\u2014\nTimestamps:\n(00:00) Introduction\n(00:17) The Prometheus Macro Framework\n(04:56) GDP & Economic Growth\n(14:11) Interest & Payment Expense\n(16:17) Exports\n(17:33) Putting the GDP Components Together\n(19:24) Corporate Profits & Savings Rates\n(23:31) Manufacturing Sector\n(30:31) The Business Cycle\n(35:03) The Labor Market & Recession Indicators\n(38:21) Inflation\n(40:25) Liquidity Breakdown\n(53:44) Applying A Systematic Portfolio Strategy\n(56:42) Prometheus Research\n\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