Inflation, supply issues, demand, the business cycle, and geopolitics are intertwined, as Lyn Alden and Raoul Pal discuss in the second half of their conversation about the state of play for investors and traders. Lyn offers clear, actionable advice for how to approach markets defined by a massive global fiscal response to a pandemic-related disruption of a highly levered global economy, now with a war in Eastern Europe on top. What is the yield curve telling us? And what about Bitcoin? Has the Russia-Ukraine war put us on the verge of a new monetary system? These are big issues, but Lyn and Raoul are big thinkers. Recorded on March 10, 2022.