America’s Two-Tier Economy Is Breaking Down | Weekly Roundup
This week, we discuss America’s decaying two-tier economy, with Main Street stuck in a silent recession, the Fed trapped between fiscal dominance and market structure rot, and younger generations turning to crypto and speculation as their only escape from a rigged system. Enjoy!
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Follow Tyler: https://x.com/Tyler_Neville_
Follow Quinn: https://x.com/qthomp
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Follow Forward Guidance: https://twitter.com/ForwardGuidance
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Forward Guidance Telegram: https://t.me/+CAoZQpC-i6BjYTEx
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Weekly Roundup Charts: https://drive.google.com/file/d/1f1h9636F5tXpNPX6R5KxLnSi6BUpBnFN/view?usp=sharing
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Grayscale offers more than 30 different crypto investment products. Explore the full suite at grayscale.com. Invest in your share of the future. Investing involves risk and possible loss of principal.
https://www.grayscale.com/?utm_source=blockworks&utm_medium=paid-other&utm_campaign=brand&utm_id=&utm_term=&utm_content=audio-forwardguidance
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Timestamps:
(00:00) Introduction
(01:05) Fourth Turning Vibes
(04:00) K-Shaped Economy Continues
(07:43) The Market is Broken
(10:57) Government Role in Markets
(11:57) Grayscale Ad
(12:34) Government Role in Markets
(17:47) Market Structure Decay
(21:16) The Death of Retail
(25:21) Generational Release Valve
(28:33) Labor Market vs Automation
(31:28) Grayscale Ad
(32:14) Political Pivot for 2026
(35:18) Government Shutdown Ending?
(37:32) Is Bitcoin Finally Bottoming?
(42:33) Sad Crypto Market Structure
(45:19) Solving Crypto’s Problems
(48:52) Giving Back to the System
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Disclaimer: Nothing said on Forward Guidance is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are opinions, not financial advice. Hosts and guests may hold positions in the companies, funds, or projects discussed.
#Macro #Investing #Markets #ForwardGuidance
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The Next Chapter For Blockworks | Empire
In this episode from the Empire podcast, we discuss why Blockworks decided to shut down its news room. We then dive into why 2025 marks the start of a new chapter for the crypto industry, why we're still in a bull market, MegaETH's ICO, recent IPOs, M&A and more. Enjoy!
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Follow Rob: https://x.com/HadickM
Follow Santi: https://x.com/santiagoroel
Follow Jason: https://x.com/JasonYanowitz
Follow Empire: https://x.com/theempirepod
Follow Forward Guidance: https://twitter.com/ForwardGuidance
Follow Blockworks: https://twitter.com/Blockworks_
Forward Guidance Telegram: https://t.me/+CAoZQpC-i6BjYTEx
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Grayscale offers more than 30 different crypto investment products. Explore the full suite at grayscale.com. Invest in your share of the future. Investing involves risk and possible loss of principal.
https://www.grayscale.com/?utm_source=blockworks&utm_medium=paid-other&utm_campaign=brand&utm_id=&utm_term=&utm_content=audio-forwardguidance
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Timestamps:
(00:00) Introduction
(01:25) Why Blockworks Closed The News Division
(13:32) Grayscale Ad
(14:10) The Next Chapter For Blockworks
(20:06) It’s Still A Bull Market
(24:30) Securitize Plans To Go Public At a $1.25B Valuation
(31:21) Grayscale Ad
(32:44) Western Union Announces USDPT
(50:07) Mastercard Looks To Acquire Zerohash
(56:10) Will Stripe’s Tempo Be a Success?
(1:04:01) The MegaETH ICO
(1:07:29) Content Of The Week
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Disclaimer: Nothing said on Forward Guidance is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are opinions, not financial advice. Hosts and guests may hold positions in the companies, funds, or projects discussed.
#Macro #Investing #Markets #ForwardGuidance
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1:10:16
The Fed's Hawkish Cut & The Financial Hunger Games | Weekly Roundup
This week, we discuss the Fed meeting, including the end of quantitative tightening and the impact of its balance sheet plans. We also dig into how market structure imbalances and political polarization are reshaping markets, the “financial Hunger Games” of meme-driven trading, rising CapEx from AI megacaps, and the centralization of wealth and power across institutions. Enjoy!
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Follow Tyler: https://x.com/Tyler_Neville_
Follow Quinn: https://x.com/qthomp
Follow Felix: https://twitter.com/fejau_inc
Follow Forward Guidance: https://twitter.com/ForwardGuidance
Follow Blockworks: https://twitter.com/Blockworks_
Forward Guidance Telegram: https://t.me/+CAoZQpC-i6BjYTEx
Forward Guidance Newsletter: https://blockworks.co/newsletter/forwardguidance
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Weekly Roundup Charts: https://drive.google.com/file/d/1E5w8fmngVNuC4lyl-PCV5qAPewW_lyKm/view?usp=sharing
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Grayscale offers more than 30 different crypto investment products. Explore the full suite at grayscale.com. Invest in your share of the future. Investing involves risk and possible loss of principal.
https://www.grayscale.com/?utm_source=blockworks&utm_medium=paid-other&utm_campaign=brand&utm_id=&utm_term=&utm_content=audio-forwardguidance
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Timestamps:
(00:00) Introduction
(02:05) Private-Public Market Divergence
(05:08) Fed Meeting Takeaways
(11:17) Grayscale Ad
(11:56) Market Structure Rabbit Hole
(17:26) The Bifurcating Economy
(23:01) Fed Balance Sheet Changes
(27:40) Impact on Markets
(31:27) Grayscale Ad
(32:15) High-Yield Earnings & Market Concentration
(37:51) BigTech Capex Transition
(42:19) The Dystopian AI Future
(45:53) Why is Bitcoin Dumping?
(48:37) The Market is a Casino
(51:28) Realigning Market Incentives
(55:06) Final Thoughts
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Disclaimer: Nothing said on Forward Guidance is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are opinions, not financial advice. Hosts and guests may hold positions in the companies, funds, or projects discussed.
#Macro #Investing #Markets #ForwardGuidance
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55:57
Deficits Are Forcing the Fed Back Into Expansion | Lyn Alden
In this episode, Lyn Alden joins the show to explain how tariffs “slow the train but don’t stop it,” why the Fed’s rate hikes are disconnected from the true inflation source, and how Fed balance sheet expansion is returning. We also discuss the labor cracks, the hidden redistribution of interest income to wealthy savers, and the next phase of the debasement trade. Enjoy!
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Follow Lyn: https://x.com/LynAldenContact
Follow Felix: https://x.com/fejau_inc
Follow Forward Guidance: https://twitter.com/ForwardGuidance
Follow Blockworks: https://twitter.com/Blockworks_
Forward Guidance Telegram: https://t.me/+CAoZQpC-i6BjYTEx
Forward Guidance Newsletter: https://blockworks.co/newsletter/forwardguidance
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Grayscale offers more than 30 different crypto investment products. Explore the full suite at grayscale.com. Invest in your share of the future. Investing involves risk and possible loss of principal.
https://www.grayscale.com/?utm_source=blockworks&utm_medium=paid-other&utm_campaign=brand&utm_id=&utm_term=&utm_content=audio-forwardguidance
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Timestamps:
(00:00) Introduction
(01:35) Tariffs & the Fiscal Outlook
(09:13) The Flow of Interest Payments
(12:49) Grayscale Ad
(13:27) Government Shutdown Impact
(15:36) Fiscally-Dominant Economies
(19:51) Measuring Economic Weakness
(22:49) The State of the Labor Market
(26:09) Grayscale Ad
(26:56) Should the Fed Cut?
(30:56) How We Fight Inflation
(34:18) The Fed Balance Sheet
(41:20) Past vs Present Funding Constraints
(45:06) Fed Balance Sheet & Liquidity
(48:43) Active Treasury Issuance
(51:20) The Fed & Bank Liquidity
(53:03) The Debasement Trade
(57:54) Final Thoughts
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Disclaimer: Nothing said on Forward Guidance is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are opinions, not financial advice. Hosts and guests may hold positions in the companies, funds, or projects discussed.
#Macro #Investing #Markets #ForwardGuidance
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58:26
How Financialization Broke Markets & Hollowed Out America | Weekly Roundup
This week, joined by Hunter Hopcroft to unpack the era of hyper-financialization and how credit creation, passive investing, and globalization have reshaped capitalism and market structure. We also dive into current volatility spikes, liquidity distortions, gold’s surge, and the setup for a year-end rally. Enjoy!
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Follow Hunter: https://www.lewisenterprises.blog/
Follow Tyler: https://x.com/Tyler_Neville_
Follow Quinn: https://x.com/qthomp
Follow Felix: https://twitter.com/fejau_inc
Follow Forward Guidance: https://twitter.com/ForwardGuidance
Follow Blockworks: https://twitter.com/Blockworks_
Forward Guidance Telegram: https://t.me/+CAoZQpC-i6BjYTEx
Forward Guidance Newsletter: https://blockworks.co/newsletter/forwardguidance
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Weekly Roundup Charts: https://drive.google.com/file/d/1t3LM4r8zRfHUIQxNqoPwrd7SFXsbqZo8/view?usp=sharing
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Timestamps:
(00:00) Introduction
(01:05) Hunter Hopcroft
(03:57) The Old Market Structure
(07:39) The Line Between Debt & Equity
(09:53) The Financialization Model
(18:15) Crowding Out the Private Sector
(23:23) Signal from Credit Spreads
(27:38) The Effect of Passive & Private Credit
(29:57) Market Structure Endgame
(34:04) The Government & Markets
(39:07) Learn More About Hunter
(39:47) Hunter Takeaways
(43:18) Quant Corner
(50:17) Plumbing Breakdown
(53:31) Gold’s Parabolic Run
(55:02) Markets After OI Blowouts
(57:02) Reasons to be Bullish
(59:55) Crypto & US-China Meeting
(1:04:09) Boomer Retirement Complex
(1:06:22) Something Has to Change
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Disclaimer: Nothing said on Forward Guidance is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are opinions, not financial advice. Hosts and guests may hold positions in the companies, funds, or projects discussed.
#Macro #Investing #Markets #ForwardGuidance
The laws of macro investing are being re-written, and investors who fail to adapt to the rapidly changing monetary environment will struggle to keep pace. Felix Jauvin interviews the brightest minds in finance about which asset classes they think will thrive in the financial future that they envision.
Follow Felix: https://twitter.com/fejau_inc
Follow Forward Guidance: https://twitter.com/ForwardGuidance
Subscribe on YouTube: https://www.youtube.com/@ForwardGuidanceBW
Follow Blockworks: https://twitter.com/Blockworks_
Forward Guidance Newsletter: https://blockworks.co/newsletter/forwardguidance
Forward Guidance Telegram: https://t.me/+nSVVTQITWSdiYTIx
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