MacroDigest

Macro Podcasts

Episodes

152 retained episodes.

Showing 31-60 of 152.

One Decision

Mohamed El-Erian: America Is Exporting Its Debt Crisis

War with Iran, record diesel prices, and a global bond sell-off: how much more can the world economy take? Mohamed El-Erian (Wharton, Allianz, former CEO of PIMCO) joins Sir Richard Dearlove (former head of MI6) and John Raine to explain what's driving the bond market sell-off, why the US is exporting instability to the UK, France, and Japan, and why AI is "80% asset, 20% liability." Plus: how PIMCO really navigated Lehman's collapse, and the one decision he's watching. In this episode: (00:00) Intro (03:07) Why this crisis is different (04:04) Permacrisis and "minilateralism" (05:46) What's driving the global bond sell-off (07:32) The hit to US households: mortgages, car loans, the K-shaped economy (10:10) "Our yields, your problem": UK, France and Japan (13:05) France, Mélenchon and Europe's leadership vacuum (17:59) AI: 80% asset, 20% liability (20:35) US-China AI Race (31:30) Did PIM

Odd Lots

Everything in Markets Is Now Moving Incredibly Fast

The market is acting in ways that make it very hard to get a handle on what exactly is going on right now. The overall indices are surging, while many individual stocks are doing badly. Rates are rising, but the economy is still robust. There's capex spending and the AI trade. There's the war in Iran. And of course there's persistent inflation and the Federal Reserve's ongoing tightening cycle. On this episode, we speak with our former Bloomberg News colleague Luke Kawa, who is now head of markets at Sherwood News. We go over all the big market themes, and he explains why the one consistent theme of this moment is the sheer speed of the moves and the pace of the news itself. See Odd Lots Live in Chicago! See for privacy information.

Bloomberg Surveillance

PCE, Yields, and the Tech Trade

The latest in finance, economics and investment. Watch Tom and Paul LIVE every day on YouTube: Bloomberg Surveillance hosted by Tom Keene & Paul Sweeney Wednesday, September 30th, 2026 Featuring: 1) Mike Reid, Head of US Economics at RBC, Eric Winograd, Chief Economist at AllianceBernstein, and Odd Lots hosts Joe Weisenthal and Tracy Alloway react to PCE. 2) Jens Nordvig, founder at Exante Data, talks bond yields and structural pressures, dollar outlook, and FCI tightening. 3) Paul Sankey, Lead Analyst at Sankey Research, talks about the outlook for gas, diesel, and if the Iran war is actually cooling. 4) Julie Biel, Chief Market Strategist at Kayne Anderson Rudnick, on the tech trade and AI outlook amid regulation discussions. See for privacy information.

Macro Musings

Erik Thedéen on QE, Central Bank Independence, and Digital Payments

Erik Thedéen is governor of Sweden's Riksbank, the world's oldest central bank, Chairman of the Executive Board, and the first sitting central bank governor to appear on Macro Musings. In his first appearance on the show, Erik joins to discuss the history and operation of the Riksbank, the lessons learned from QE, the future of digital payments, and much more. Watch the full length video on our new YouTube Channel! Check out the transcript for this week's episode, now with links. Recorded on September 4th, 2026 Subscribe to David's Substack: Macroeconomic Policy Nexus Follow David Beckworth on X: @DavidBeckworth Follow the show on X: @Macro_Musings Check out our Macro Musings merch! Timestamps 00:00:00 - Intro 00:01:41 - Erik's Career 00:03:03 - History of the Riksbank 00:13:04 - Riksbank's Inflation Target 00:15:28 - Riksbank's Operating Framework 00:25:09 - Riksbank's Experiences with

Newshour

AI bots meddle with US government agencies

The US artificial intelligence giant OpenAI says it has alerted governments, universities and other global institutions that their websites may have been accessed improperly by rogue autonomous models. We hear from the head of a group called METR, which checks AI for threats. Also in the programme: How are Manchester City fans reacting to the news that their football club has been found guilty of more than 100 financial misdemeanours? Plus- from schoolboy band to rock super-stardom: the band U2 at 50. (Photo: An OpenAI logo. Credit: Reuters/Carlos Barria)

Newshour

Ethiopia returns to the brink of civil war

As fighting escalates between federal government forces and an alliance of armed groups including the Tigrayan People's Liberation Front, we ask what's behind it and hear from a former TPLF spokesperson. Also in the programme: as the Pope warns we are in danger of “losing our humanity” to AI machines, how can we make AI safe? Could President Xi's wife Peng Liyuan be China's "soft power super-weapon"? And Manchester City football club is found guilty of breaking financial rules. (IMAGE: TPLF forces sit along a street in Mekelle, capital of Tigray Region, Ethiopia, September 24, 2026 / CREDIT: Obtained by REUTERS)

Macro Voices

MacroVoices #551 Michael Every: Decoding The Global Geopolitical Puzzle (Part 2)

They discuss how Iran's threats to extend its strikes into the Indian Ocean and a possible 90-day U.S. diesel export ban could deepen the energy crisis, why Washington is rallying allies like Canada and Latin America into a U.S.-led bloc against a China–Russia–Iran–North Korea axis, and how fears of a 2027 Taiwan move, AI supremacy, and tactical nuclear escalation are reshaping markets, capital flows, and national security. ✅Sign up for a FREE 14-day trial at Big Picture Trading: 🔴 Subscribe to Patrick’s Youtube Channel: 🔴 Subscribe to Erik's Substack

Forward Guidance

The Bond Market Pain Isn't Over | Weekly Roundup

The 10-year just closed at 5.22%, but the pain trade may be even higher. This week, 40-year rates trading veteran DCP joins us as we examine the bond selloff and what it would take to actually break something and flip the pain trade in bonds. We explore SOFR hike pricing, AI capex and private credit, diesel's hit to Main Street, market concentration, the quiet consumer stock bear market, and where DCP would finally get long. Enjoy! TIMESTAMPS: 00:00 Intro 02:21 Why Bond Yields Keep Rising 07:30 Can Main Street Survive Higher Rates? 11:15 Can Treasury Stop The Selloff? 16:22 What Can’t The Fed Fix? 19:54 Why Higher Yields Remain The Pain Trade 23:13 What Breaks The AI Boom? 26:38 The Generational Bond Bull Market Is Over 29:47 Can Geopolitics Reverse The Selloff? 35:55 How Do You Trade This Market? 39:34 Could 6% Yields Break Markets? 44:21 What Is The Market Hiding? 50:04 The Trade After

Macro Voices

MacroVoices #551 Michael Every: Decoding The Global Geopolitical Puzzle

MacroVoices Erik Townsend & Patrick Ceresna welcome Michael Every. They discuss how escalating Iran–Middle East and Russia–Ukraine conflicts are weaponizing energy markets, why a looming global diesel crunch could fracture the “one-world” oil system into U.S.-led regional blocs, and how Washington may increasingly use tools like export bans, Arctic basing rights, and even dollar stablecoins as instruments of geopolitical statecraft against China and other rivals. ✅Sign up for a FREE 14-day trial at Big Picture Trading: 🔴 Subscribe to Patrick’s Youtube Channel: 🔴 Subscribe to Erik's Substack

Newshour

OpenAI agent hacks Australian government site

A OpenAI agent has hacked an Australian government website, its prime minister Anthony Albanese said. The agent hacked a statistics portal containing private data from Australia's universal healthcare scheme, Medicare. We'll be looking at why OpenAI took so long to notice. The Australian government has launched an urgent review into the situation Also in the programme: A US judge has overturned a White house ban on several media organisation by the Trump administration; today sees the launch of a new version of Meta's controversial glasses - this time, they're audio-only; and a veteran of Poland's jazz scene on emerging from behind the "Iron Curtain". (Photo shows the OpenAI logo at the Dreamforce 2026 technology summit in San Francisco, California, US on 17 September 2026. Carlos Barria/Reuters)

GoodFellows

Taiwan’s Slow Squeeze, Ukraine’s Long War

America’s complicated relationship with China doesn’t lack for subplots – tariffs, territorial designs, human rights and espionage. But does the superpowers’ Cold War-like competition over artificial intelligence supersede all other U.S.-Sino concerns? On the eve of the year’s second Trump-Xi summit, Hoover fellow Eyck Freymann discusses the state of the superpowers’ rivalry and the possibility of a Chinese move on Taiwan in the near future (Freymann being the author of 2026’s Defending Taiwan: A Strategy to Prevent War with China, envisions an “all-domain pressure campaign” that slowly strangles the island nation). After that: Sir Niall recounts his recent visit to Kyiv (his fifth time in Ukraine since Russia’s invasion) and the odds of Vladimir Putin finding an “off-ramp” after a 55-month war of attrition (or, with his back to the wall, will Russia’s leader opt instead for a modern-day

Bloomberg Surveillance

US Economic Outlook amid Fed Tightening

The latest in finance, economics and investment. Watch Tom and Paul LIVE every day on YouTube: Bloomberg Surveillance hosted by Tom Keene & Paul Sweeney Wednesday, September 23rd, 2026 Featuring: 1) Gargi Chaudhuri, Global Chief Investment Strategist at BlackRock, offers her economic outlook for the rest of 2026 amid high energy prices and a tightening cycle. 2) David Rubenstein, Co-founder and Co-Chairman at The Carlyle Group, joins to talk his new book: "Inside the Owner's Box: Conversations on Power and Leadership in Sports" and talks modern sports investments. 3) Lauren Saidel-Baker, Economist at ITR Economics, joins to talk the Fed hiking cycle and US consumer health with energy prices remaining high. 4) Matt Luzzetti, Chief US Economist at Deutsche Bank, talks upside risks for the Fed and the US economic picture. See for privacy information.

Conversations with Tyler

Gita Gopinath on Trade, Currencies, and Economic Transformation

Gita Gopinath has spent the last several years inside the room where the world's monetary plumbing gets fixed — or doesn't. As first deputy managing director of the IMF and, before that, the Fund's chief economist, she worked on sovereign debt restructuring, followed Argentina's disinflation up close, and built her academic reputation on ideas like dollar dominance and the dominant currency paradigm. Now back at Harvard launching a new Global Economics Lab, her conversation with Tyler ranges from why exchange rates don't adjust the way models predict, to what stablecoins really cost, to whether AI's growth dividend will show up on schedule. Tyler and Gita discuss why trade balances are only weakly related to real exchange rates, before turning to Argentina, Milei's fiscal discipline, the peso, and dollarization. Then they discuss whether economists got the euro wrong; whether trade imbal

ChinaTalk

Can AI Beat the Pentagon’s Bureaucracy?

Garrett Berntsen was last seen on ChinaTalk in his role as Deputy CDAO at the State Department. He then went to the Department of Defense for a little bit, and now makes a return in his new role as Chief AI Officer at Accenture Federal Services. We’re going to talk about what the national security community needs — beyond just API access to wonderful models — in order to really change how it does its mission. Our conversation covers: Why the U-2 spy plane offers a surprisingly useful lesson for AI: The hardest part of adopting transformative technology isn’t building it, but redesigning the institutions, workflows, incentives, and decision-making systems around it. The government’s need to manufacture its own “forcing functions”: How carrots, sticks, budget cuts, and a willingness to create winners and losers could help bureaucracies move faster. Giving the troops the tools and getting o

Bloomberg Surveillance

Second Half Economic Outlook

The latest in finance, economics and investment. Watch Tom and Paul LIVE every day on YouTube:. Bloomberg Surveillance hosted by Tom Keene & Paul Sweeney Monday, September 21st, 2026 Featuring: 1) James Egelhof, Chief US Economist at BNP Paribas, joins for a discussion on 2H economic outlook and how fuel prices are impacting the economy. 2) Amanda Lynam, Chief Credit Strategist at Goldman Sachs, talks credit spreads and outlook for fixed income amid a global bond selloff and relentlessly rising yields. 3) Nancy Lazar, Chief Global Economist at Piper Sandler, joins to discuss the Fed, labor market, and US economic outlook 4) Steph Guild, Chief Investment Strategist at Robinhood, brings us into the market open and talks market optimism amid growing investment risks. See for privacy information.

Macro Musings

Ellen Correia Golay on All-to-All Trading and Treasury Market Liquidity

Ellen Correia Golay is a lead Treasury advisor in the markets group at the Federal Reserve Bank of New York. Ellen returns to the program to discuss the lessons of the March 2020 "dash for cash," how all-to-all trading and other market structure reforms could strengthen Treasury market liquidity and resilience, the rise of principal trading firms, and the future of the Fed's standing repo operations, and much more. Watch the full length video on our new YouTube Channel! Check out the transcript for this week's episode, now with links. Recorded on August 19th, 2026 Subscribe to David's Substack: Macroeconomic Policy Nexus Follow David Beckworth on X: @DavidBeckworth Follow the show on X: @Macro_Musings Check out our Macro Musings merch! Timestamps 00:00:00 - Intro 00:01:20 - Ellen's Career and Responsibilities 00:09:29 - The Treasury Market 00:17:15 - All-to-All Trading 00:25:19 - Treasur

ChinaTalk

WarTalk: PLA, 2027, Nukes, and the Pivot to Asia Pirouette

In the deserts of western China sit 320 brand-new missile silos, and for a while, by the Pentagon's account, some of them simply didn't work. The gap between the PLA on paper and the PLA in practice is where Gerald C. Brown has spent his career. Gerald is two weeks out of government, where he covered Chinese nuclear strategy and the PLA Rocket Force at the State Department's Bureau of Intelligence and Research. Now a visiting fellow at the Council on Foreign Relations, he joins Jordan and WarTalk's Tony Stark, Justin McIntosh, and Bryan Clark. We discuss… Why 2027 is not a go date — the three "strategic capabilities" the PLA pulled forward from its 2035 goals, and why a capability milestone says nothing about intent What the Iran war taught Beijing — day-one decapitation and the heaviest firepower campaign in decades still didn't deliver the political outcome, and PLA journals noticed Th

Ones and Tooze

Original-language AI & Capex report

The head of Anthropic last week called on the U.S. government to regulate AI companies to avoid catastrophic outcomes. But, as Adam and Cameron point out, the conversation itself raises broader questions about the structure of the AI marketplace, the efficacy of existing liability laws, and the very nature of capitalism. Learn more about your ad choices. Visit

Forward Guidance

The Fed Is Hiking Into A Growth Slowdown | Weekly Roundup

What happens when the Fed hikes into fading stimulus, slowing growth, and persistent inflation? This week, we're joined by Vincent Deluard of StoneX Group to explore America’s emerging stagflation trap, AI’s economic support, and Europe’s potential Japan-style currency reset. We also discuss the contrarian case for UK equities and Canada’s investment revival. Enjoy! TIMESTAMPS: 00:00 Intro 01:34 Did The Fed Turn Too Hawkish? 08:10 The Stimulus Boom Is Fading 13:11 The Return Of Stagflation 21:06 Is The Fed Making A Mistake? 25:45 Can Trump Salvage Midterms? 32:35 Why AI Leaders Want Regulation 35:46 Will Europe Follow Japan? 48:45 The European Debasement Trade 59:28 Is The UK The Best Hedge? 01:05:41 Can Canada Reinvent Its Economy? FOLLOW THE SHOW › Forward Guidance – › Felix – › Quinn – › Vincent – › Tyler – › Telegram – › Blockworks – RESOURCES › Weekly Roundup Charts – EVENTS › Join

Macro Hive

Ep. 376: Rory Johnston on $100 Oil, the Refined Product Crisis, and China's Swing Power

Rory Johnston is a Toronto-based oil market researcher, the founder of Commodity Context, a lecturer at the University of Toronto's Munk School of Global Affairs and Public Policy, as well as a Fellow with both the Canadian Global Affairs Institute and the Payne Institute for Public Policy at the Colorado School of Mines. Prior to founding Commodity Context, Rory led commodity economics research at Scotiabank. In this podcast, we discuss: $100 Brent and Historic Backwardation The Global Refined Product Crisis Hormuz "Shuttle Trade" and War Insurance Costs The Red Sea Chokepoint and Houthi Threat Russian Refinery Attacks and Fuel Export Bans China's Import Cuts and Hidden SPR Release China's Potential Winter Refining Bailout US Midterm Dilemmas and Export Ban Risks India's LPG Crisis and Offshore SPR Deals US Equity in Venezuela and Heavy Crude Spreads Canada's Westward Pipeline Push

One Decision

Original-language Geopolitics report

Israel and the US may have extraordinary intelligence on Iran. But intelligence isn't the same as comprehension, according to nuclear physicist and 2015 Iran deal negotiator Ali Vaez. Vaez joins John Raine and Sir Richard Dearlove to break down what Iran's nuclear capabilities really look like after the 12-day war. Plus, how Iran's Supreme National Security Council stays united under duress, how the Iran Revolutionary Guard Corps maintains primacy over the regular army, and why sanctions now at "nine out of ten" still won't force collapse. Iran doesn't need to win this standoff. It just needs not to lose. In this episode: (00:00) Ali Vaez on wartime Iran (02:39) Is Iran's leadership a monolith or divided? (03:55) Power centers: the SNSC, the Basij, and the IRGC (10:09) The mystery of Mojtaba Khamenei (12:00) Economic and military pressure on Iran (15:00) A forever war? Gulf States, Saudi

All-In

Brad Gerstner: No AI Bubble, Semis Eat the Nasdaq & AI's Take Off Problem

(0:00) Welcome Brad Gerstner! (1:01) Trump Accounts, Every Child a Capitalist & The CAC Scan (5:07) Can AI revenue pay for the CapEx? (8:53) The Build Out Issue: Gigawatts, TAM, Token Growth, and Margin Expansion (12:30) The risks: AI regulation, the nuclear precedent, power limits, and rising rates Thanks to our partners for making this possible! IREN is a vertically integrated AI Cloud platform, delivering data centers, compute and software for AI training and inference. Oracle connects the data, applications, and infrastructure that turn AI into business outcomes—with the flexibility, choice, and control to optimize as AI evolves. EY helps tech innovators scale from startup to exit to megacap. You build the future. We'll handle the rest. Meta believes the future is for everyone. We're focused on giving every person the tools to reach their full potential and making sure the benefits o

Bloomberg Surveillance

Instant Reaction: Fed Chair Kevin Warsh on Fed Policy

Bloomberg's Tom Keene, Jon Ferro and Lisa Abramowicz discuss remarks from Fed Chair Kevin Warsh following the Federal Reserve's latest policy decision on a special edition of Bloomberg Surveillance. The Federal Reserve raised interest rates by a quarter percentage point and penciled in an additional hike later this year, steps aimed at containing inflation that will test Chairman Kevin Warsh’s relationship with President Donald Trump. Wall Street traders drove stocks to the lowest since July on bets the Federal Reserve will keep raising rates to combat inflation after delivering its first hike in three years. In his remarks to reporters, Fed Chair Kevin Warsh restated his concerns over inflation, saying too many categories of products and services were showing annualized price gains above 3% on a 6- and 12-month basis. See for privacy information.

Bloomberg Surveillance

Instant Reaction: The Fed Decides

The Federal Reserve raised interest rates by a quarter percentage point and penciled in an additional hike later this year, steps aimed at containing inflation that will test Chairman Kevin Warsh’s relationship with President Donald Trump. “Today’s policy action will support a timelier return to the committee’s 2% goal,” officials said in a statement following the move Wednesday, referring to inflation. It was the US central bank’s first rate increase since July 2023. Bloomberg's Tom Keene, Jon Ferro and Lisa Abramowicz break down the Federal Reserve's latest policy decision on a special edition of Bloomberg Surveillance. See for privacy information.

Bloomberg Surveillance

The Fed, Rate Hikes, and AI

The latest in finance, economics and investment. Watch Tom and Paul LIVE every day on YouTube: Bloomberg Surveillance hosted by Tom Keene & Paul Sweeney Wednesday, September 16th, 2026 Featuring: 1) Steven Major, Global Macro Advisor at Tradition, talks about the case for a bond rally and falling yields. 2) Alicia Levine, CIO at BNY, on a constructive equity market approach and how higher yields bleed into equities. 3) Jay Goldberg, Senior Analyst at Seaport Group, joins to discuss AI anxiety and his continue "sell" recommendation on Nvidia. 4) David Rosenberg, founder at Rosenberg Research, joins to talk about his Fed outlook and US consumer economic anxieties. See for privacy information.

Newshour

Lithuanian minister: “Nato is effectively at war with Russia”

As Lithuania investigates a drone incursion, the country's defence minister tells us Nato is effectively at war with Russia. Also in the programme: President Trump lashes out at the judges he appointed to the US Supreme Court; the renewed civil war in Yemen causes huge numbers to flee, including over the sea to north Africa; and how an actor from Wales conquered US TV. (IMAGE: An Italian Air Force Eurofighter Typhoon fighter jet of the kind that shot down a drone that crossed the border from Belarus into Lithuania, at the Siauliai air base in Siauliai, Lithuania on September 15, 2026 / CREDIT: Reuters)

All-In

JD Vance on AI, Entitlement Fraud, Iran War, Israel, H-1B Abuse & the Midterms

(0:00) VP JD Vance joins The Besties! (1:40) Assessing the Trump Admin so far: Border control, re-industrialization, inflation, Iran, government debt, anti-fraud (9:28) AI approach: Dealing with Doomerism, "Frankenstein," and AI negativity (16:23) H-1B abuse and the massive $1T+ of fraud in federal spending (21:48) Relationship with Israel, rational foreign policy (25:19) JD Vance's midterms message Thanks to our partners for making this possible! IREN is a vertically integrated AI Cloud platform, delivering data centers, compute and software for AI training and inference. Oracle connects the data, applications, and infrastructure that turn AI into business outcomes—with the flexibility, choice, and control to optimize as AI evolves. EY helps tech innovators scale from startup to exit to megacap. You build the future. We'll handle the rest. Meta believes the future is for everyone. We're

Bloomberg Surveillance

AI Safety and Rising Yields

The latest in finance, economics and investment. Watch Tom and Paul LIVE every day on YouTube: Bloomberg Surveillance hosted by Tom Keene & Paul Sweeney Tuesday, September 15th, 2026 Featuring: 1) George Noble, Managing Partner at Noble Capital Advisors and former Fidelity Fund Manager, talks artificial intelligence bear cases amid concerns over AI safety. 2) Dominic Konstam, Head: Macro Strategy at Mizuho Securities, joins to talk the Fed, rising bond yields, and growing market risks. 3) Marina Zavolock, Chief Euro Equity Strategist at Morgan Stanley, talks outlook for euro stocks and the impact of ECB rate hikes. 4) Sinjin Bowron, High Yield Bond & Senior Bank Loan Portfolio Manager at Beach Point Capital, brings us into the market open and talks credit risk as the 10-year hits its highest level since 2007. See for privacy information.

Tracked series

31 active series.