Blockworks: Fed Faces “Debt Death Spiral” While Inflation Soars (w/ Luke Gromen and Jim Bianco)


Mar 13, 2022

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.

With 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”.

Jim 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?

Jim & 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. Filmed on March 9, 2022.


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