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EssentialThe Essential Conversation

Luke Gromen: The Fed Is "Screwed If They Do, Screwed If They Don't"

Featuring Luke Gromen and Ash Bennington

Aug 24, 2021 • 61 minutes

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Essential

The Essential Conversation

Luke Gromen: The Fed Is "Screwed If They Do, Screwed If They Don't"

Many fear the U.S. is headed for Japanification but what about "Argentinization"? Luke Gromen explains why the U.S. is more at risk of debt default.

Featuring Luke Gromen and Ash Bennington

Aug 24, 2021 • 61 minutes

Many investors fear that the U.S. is on the route to Japanification—but should they be more concerned about "Argentinization"? With federal debt-to-GDP reaching close to 130%, higher than it's ever been before the COVID-19 pandemic, Luke Gromen, founder and president of Forest for the Trees (FFTT) LLC, makes the case for why the U.S. is increasingly at risk of sovereign debt default. Gromen walks through his framework by explaining the limited resources the Fed has at their disposal to mitigate the risks of a sovereign debt default, how that affects asset prices, and whether Bitcoin could be a true fix for the system. Interviewed by Ash Bennington on August 19, 2021. Show More

The Essential Conversation is the world's premier financial-market-focused conversation series. The smartest people in markets, finance, economics, and business engage in deep-diving discussions about the global macro landscape, generating actionable takeaways that can help your decision-making process. Tune in to peer-to-peer conversations between the brightest minds in the investing world, and tune up your portfolio.

More Episodes

The Essential Conversation is the world's premier financial-market-focused conversation series. The smartest people in markets, finance, economics, and business engage in deep-diving discussions about the global macro landscape, generating actionable takeaways that can help your decision-making process. Tune in to peer-to-peer conversations between the brightest minds in the investing world, and tune up your portfolio.

More Episodes

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