Forward Guidance

The world faces an energy crisis that threatens to stop the economic recovery in its tracks. On today’s episode of Forward Guidance, Warren Pies, founder of 3Fourteen Research, joins Jack Farley to explain the root causes of soaring prices of oil and natural gas. Pies argues that the world is entering a regime of secular inflation that will have profound implications for investors, such as turning the correlation between stocks and bonds from negative to positive. Pies shares his views on real assets and explains why he thinks Bitcoin will likely continue to outperform gold at least over the short-term. PIes challenges mainstream narratives about Bitcoin such as the stock-to-flow model as well its being uncorrelated with other risk assets.

“Forward Guidance” is a show dedicated to uncovering the heart of this conundrum. Twice a week, Jack Farley will be speaking directly with fund managers, analysts, and financial industry professionals about how investors can grow and protect their wealth in this brave new macro world. These episodes will air on Tuesday and Friday. Today's show is with Lyn Alden of Lyn Alden Investment Strategy. Lyn will be sharing why she thinks the global financial system is nearing the apogee of a long-term debt cycle, and the only way to unwind the leverage without causing ruinous economic data is through persistently higher inflation and a significantly weaker U.S. Dollar. Alden also shares her views on surging energy costs, China’s stock market woes, and the flurry of new Bitcoin ETFs that have come to market recently.