Today's Top Episodes
AI Bubble, Inflation, and the Limits of Monetary Policy | Jason Furman
Is the AI boom a bubble waiting to burst? Dive into the economic forces shaping our future, from inflation to the limits of central banks.
James Tour: Super Humans, Genetic Engineering, Cloning, Lies of Evolution, and What Really Is Life?
A nanotechnology expert dares to question the very foundations of life, evolution, and genetic engineering. What if everything you thought you knew was wrong?
Jailbreaking AGI: Pliny the Liberator & John V on AI Red Teaming, BT6, and the Future of AI Security
Beyond the hype: discover the hidden war being waged to break and secure AI, and what it means for our future.
#262 Aliia Roza - Russian Sex Spy on Seduction Perfumes, Sexpionage and Honeypot Tradecraft
From seduction to defection: A former Russian sex spy reveals the dark art of 'honeypot' espionage and how it targets the powerful.
Everything is gambling now
Is every decision becoming a bet? Explore how 'prediction markets' are turning everything into a gamble, and what it means for our society.
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MacroVoices #502 Tian Yang: A Whiff of Reflation?
Duration: 00:52:52
October 16, 2025
- Variant Perception suggests a potentially reflationary global environment driven by synchronized central bank easing, improving liquidity, and resilient private sector credit creation.
- The current US labor market weakness alongside strong retail sales is being analogized to the 2002-2003 "jobless recovery" period, suggesting a setup for recovery rather than recession.
- Commodities are expected to benefit from a bullish setup due to supply/demand imbalances and a structural shift towards geopolitical emphasis on supply chain resilience and economic nationalism.
MacroVoices #501 Matt Barrie: AI Caramba?
Duration: 01:09:02
October 9, 2025
- The AI market is heavily concentrated around Nvidia and Taiwan, with a significant portion of Nvidia's revenue coming from a small number of Taiwanese manufacturers, creating geopolitical risk.
- The current AI boom is marked by unsustainable economics, as the entire AI compute segment is generating far less revenue than the massive capital expenditures being made by hyperscalers, raising concerns of a potential "bonfire of money."
- The exponential growth of AI energy consumption could lead to energy price escalations and social backlash, as people potentially feel AI is stealing jobs AND consuming excessive energy, risking potential regulation.
MacroVoices #500 Lyn Alden: What Will Stop This Train?
Duration: 01:15:44
October 2, 2025
- Lyn Alden's book, "Broken Money," explores how technological advancements in money transfer have outpaced settlement speeds, creating vulnerabilities in the current financial system.
- Bitcoin emerged from the need for a decentralized ledger that would compete with the traditional financial system, leading to a global competition among governments regarding the use of digital currency technology.
- Stablecoins, centralized cryptocurrency pegged to real world assets, are enabling access to stronger jurisdictions for individuals in countries with weaker currencies, effectively reducing the financial control of those governments.
MacroVoices #499 Has The Luke Gromen Moment Arrived?
Duration: 01:32:18
September 25, 2025
- Luke Groman believes the world may be transitioning from a long period of gradual dalization trends to a phase of sudden acceleration, driven by factors like the Shanghai Cooperation Organization meeting.
- The US is increasingly recognizing its lack of leverage in trade and geopolitical matters, particularly with China and Russia, due to supply chain dependencies and the hollowing out of its industrial base.
- Groman anticipates a period of financial repression, with the US running the economy "hot" to manage its debt, leading to inflation that outpaces consensus and benefits assets like gold, Bitcoin, and stocks relative to long-term treasuries.
MacroVoices #498 Louis-Vincent Gave: Which Megatrend Will Reshape The World?
Duration: 01:04:57
September 18, 2025
- Louie Vincent Gav argues that the world feels very reflationary due to globally stimulative fiscal policies, particularly in the US and China, and a rapidly deteriorating US current account deficit which is sending excess dollars to the rest of the world.
- Gav believes that gold is in a structural bull market, however, assets like copper and energy may have more upside potential currently to play the global reflationary environment.
- Despite concerns about the US consumer and the potential for AI investments to underperform, Gav sees Chinese equities as a potential opportunity, as the government is incentivized to prop up asset prices and the US-China relationship finds a stable equilibrium.
MacroVoices #496 Jim Bianco: The Post Covid Economy
Duration: 01:08:04
September 4, 2025
- The "post-COVID economy" is significantly different from the pre-2020 economic models, rendering many conventional approaches ineffective.
- Cutting short-term rates, intended to lower long-term yields, may instead increase them due to persistent inflationary pressures.
- Low job growth figures may be acceptable due to lower immigration, challenging traditional metrics and potentially leading to policy missteps if misunderstood.
MacroVoices #494 Micheal Every: Markets, Policy, Russia & More
Duration: 01:04:49
August 21, 2025
- The Trump-Putin summit is viewed as potentially marking the end of a phase of the Ukraine war, with varying implications: potentially beneficial for the US, but with uncertain outcomes for Ukraine and Europe.
- The US is possibly architecting a strategy to use stablecoins backed by T-bills to recreate demand for the dollar internationally and build a US-centric economic bloc, requiring a Fed chair who understands how to play that game.
- Despite resentment, Europe may be increasingly subsumed into the US production and security system, lacking realistic alternatives and struggling to achieve strategic autonomy.
MacroVoices #493 Ole Hansen: Commodities Are Heating Up!
Duration: 01:02:34
August 14, 2025
- The interview highlights the continuing uncertainty prevailing in the commodity space due to geopolitics, interest rate policies, and the energy transition.
- Ola Hansen emphasizes that the "green transition" driving commodity demand is, in reality, an energy transition requiring more power and infrastructure development.
- Tariffs on commodities, particularly copper, were criticized for creating market distortions, increasing domestic prices, and incentivizing production outside the U.S., ultimately hurting the American market.
MacroVoices #492 Daniel Lacalle: The End of American Exceptionalism?
Duration: 01:07:48
August 7, 2025
- Daniel Lay believes the US-led tariff negotiation spree is 75% complete, with major frameworks agreed upon and only minor details remaining.
- Lay emphasizes that global markets are in an upward trend due to rising money supply growth (around 12%), ongoing rate cuts from over 20 central banks, and better-than-expected earnings.
- The EU-US agreement, particularly on energy and microchips, highlights the EU's dependence on the US and its need to choose between allying with the US or Russia/China.
MacroVoices #491 Rick Rule: Oil, Uranium & Precious Metals
Duration: 01:12:32
July 31, 2025
- Rick Rule believes that oil is currently a more compelling investment than uranium for most investors, as oil represents broader market beta while uranium is better suited for professional investors seeking alpha.
- The podcast discusses the potential for a surprise in oil markets in the next 2-3 years due to underinvestment in sustaining capital by the oil industry, combined with low oil equity prices and high debt capital costs.
- The US dollar is experiencing a short squeeze, potentially driving a tactical rally up to 102-103, but the major trend remains bearish and the trade is not based on a long term fundamental shift.