Less Noise, More Signal

In this conversation, Pascal Huegli and Vincent Deluard, a director of global macro strategy at StoneX, shares their insights on the current economic landscape, particularly focusing on inflation, asset allocation, and the implications of political pressures on the Federal Reserve. Deluard argues that inflation has not disappeared and discusses the potential for fiscal measures, such as 'Trump checks', to influence the economy. He emphasizes the importance of gold and Bitcoin as protective assets against inflation and financial repression, while also critiquing the reliability of consumer price index (CPI) data. The conversation delves into the complexities of the labor market, the political dynamics affecting monetary policy, and the historical context of central bank independence. Deluard also explores the recent trends in gold and Bitcoin investments, highlighting the central banks' increasing purchases of gold as a response to geopolitical tensions and the perceived instability of the dollar. He suggests that investors should consider a diversified approach, balancing traditional assets with cryptocurrencies, while remaining cautious of the potential for inflationary pressures to resurface. The episode concludes with a discussion on the evolving nature of state capitalism in the U.S. and its implications for market positioning. 
 
Chapters: 
00:00 Intro 
01:04 Introduction to Inflation and Economic Outlook 
06:29 The Role of Gold and Bitcoin in Inflationary Times 
10:21 Central Bank Independence and Political Pressures 
19:28 Government Spending and Market Dynamics 
32:20 Investing Strategies in an Inflationary Environment 
46:29 Global Macro Perspectives and Political Dynamics 
 
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#inflation, #gold, #Bitcoin, #FederalReserve, #assetallocation, #macrostrategy, #Trumpchecks, #centralbankindependence, #economiclandscape, #financialrepression

In this conversation, Pascal Huegli and Danny Dayan discuss the current economic landscape, focusing on inflation, the Federal Reserve's policies, and geopolitical dynamics. Danny draws parallels between today's economy and the 1960s, emphasizing the complexities of the labor market and the implications of financial conditions on growth. Dayan also explores global market opportunities, particularly in China and cryptocurrency, while highlighting the importance of a systematic approach to trading. 
 
Chapters: 
00:00 Intro 
01:11 The Fed's Inflation Dilemma 
04:39 Geopolitical Dynamics and Market Implications 
12:25 The Political Economy of Market Reactions 
16:04 Inflation: Causes and Consequences 
20:22 Navigating Financial Conditions and Economic Growth 
31:19 Labor Market Trends and Economic Parallels 
49:45 Cyclical Dynamics and Market Opportunities 
01:01:16 Global Market Perspectives and Crypto Insights 
 
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Blockware is a Mining-as-a-Service platform that makes it easy for anyone to start mining Bitcoin straight from home! Get $100 off your first miner with discount code LNMS🔥 
 
https://bitbox.swiss/lnms 
BitBox is the best in class hardware wallet, I personally trust and use! Get 5% off your first order with discount code LNMS🔥 
 
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Bitcoin Book 👇 
Order from Europe: https://www.amazon.de/dp/1967693013 
Global: https://www.amazon.com/-/de/dp/B0F9W8Y283 
 
Thank you for subscribing to our channel! We’re excited to have you with us! 
 
#inflation, #FederalReserve, #geopoliticaldynamics, #marketimplications, #economicgrowth, #labormarket, #cyclicaldynamics, #globalmarkets, #cryptocurrency, #investment strategies, #cryptopodcast #cryptocoach

In this conversation, Pascal Huegli and Ram Ahluwalia discuss the current macroeconomic landscape, describing it as a Goldilocks economy with constructive conditions for risk assets. They delve into the dynamics of Bitcoin as an attention and momentum asset, the implications of fiscal dominance, and the relationship between trade deficits and capital flows. Ahluwalia highlights opportunities in emerging markets, the impact of AI on productivity, and the potential risks associated with the AI bubble. He also addresses Bitcoin's current struggles and the promise of tokenization in transforming finance. 
 
Chapters: 
00:00 Intro 
00:58 The Goldilocks Economy 
03:09 Bitcoin: An Attention Asset 
05:55 Fiscal Dominance and Government Spending 
08:50 Trade Deficits and Capital Flows 
11:57 Emerging Markets: Opportunities Ahead 
14:42 AI and Productivity Growth 
17:42 The AI Bubble: Risks and Opportunities 
21:05 Bitcoin's Current Struggles 
23:49 Tokenization: The Future of Finance 
 
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https://mining.blockwaresolutions.com/lnms 
Blockware is a Mining-as-a-Service platform that makes it easy for anyone to start mining Bitcoin straight from home! Get $100 off your first miner with discount code LNMS🔥 
 
https://bitbox.swiss/lnms 
BitBox is the best in class hardware wallet, I personally trust and use! Get 5% off your first order with discount code LNMS🔥 
 
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Get the latest in finance, crypto, and Bitcoin. Our newsletter provides clear, concise and actionable insights. Don't miss out—check out our Newsletter and subscribe today! 🔥⬇️ 
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Bitcoin Book 👇 
Order from Europe: https://www.amazon.de/dp/1967693013 
Global: https://www.amazon.com/-/de/dp/B0F9W8Y283 
 
Thank you for subscribing to our channel! We’re excited to have you with us! 
 
#GoldilocksEconomy, #Bitcoin, #AttentionAsset, #fiscaldominance, #tradedeficits, #emergingmarkets, #AI, #productivitygrowth, #tokenization, #crypto

In this conversation, Pascal Huegli and Michael Nadeau discuss the shifting economic landscape in the U.S., focusing on macro risks, trade imbalances, and the role of tariffs. Michael explores the implications of fiscal deficits and government spending dynamics, as well as the geopolitical factors influencing currency adjustments. The discussion also delves into Bitcoin's market behavior, liquidity concerns, and the impact of globalization on production. Nadeau emphasizes the interplay of capital flows and asset valuations, market psychology, and the unique position of Bitcoin in the current economic climate, while looking ahead to potential opportunities and risks for 2026. 
 
Chapters: 
00:00 Intro 
01:31 Shifting Economic Landscape and Macro Risks 
02:43 The Role of Tariffs and Trade Imbalances 
05:59 Fiscal Deficits and Government Spending Dynamics 
08:42 Geopolitical Factors and Currency Adjustments 
11:48 Bitcoin's Market Behavior and Liquidity Concerns 
14:52 The Future of Bitcoin Amidst Economic Changes 
17:42 Globalization and Its Impact on Production 
21:10 The Interplay of Capital Flows and Asset Valuations 
24:04 Market Psychology and Bitcoin's Unique Position 
26:57 Looking Ahead: Opportunities and Risks for 2026 
 
Check out our sponsors👇 
https://mining.blockwaresolutions.com/lnms 
Blockware is a Mining-as-a-Service platform that makes it easy for anyone to start mining Bitcoin straight from home! Get $100 off your first miner with discount code LNMS🔥 
 
https://bitbox.swiss/lnms 
BitBox is the best in class hardware wallet, I personally trust and use! Get 5% off your first order with discount code LNMS🔥 
 
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Get the latest in finance, crypto, and Bitcoin. Our newsletter provides clear, concise and actionable insights. Don't miss out—check out our Newsletter and subscribe today! 🔥⬇️ 
https://substack.com/@lessnoisemoresignal 
 
Bitcoin Book 👇 
Order from Europe: https://www.amazon.de/dp/1967693013 
Global: https://www.amazon.com/-/de/dp/B0F9W8Y283 
 
Thank you for subscribing to our channel! We’re excited to have you with us! 
 
#crypto, #Bitcoin, #macroeconomics, #tradeimbalances, #fiscaldeficit, #tariffs, #geopolitics, #marketpsychology, #liquidity, #globalization

In this conversation, Pascal Hugli and Mitchell Askew discuss the intricate relationship between Bitcoin mining and energy demand, the impact of weather on mining operations, and the evolving landscape of Bitcoin as it gains traction on Wall Street. They share insights from their journey in the Bitcoin space, the economic dynamics of mining, and the potential future of Bitcoin mining companies like Blockware and 21. The discussion also touches on tax incentives that are encouraging new participants to enter the Bitcoin mining sector, as well as predictions for the market's trajectory in the coming years. 
 
Chapters: 
00:00 Intro 
01:22 Bitcoin Mining and Energy Demand Dynamics 
02:51 Mitchell Askew's Bitcoin Journey and Insights 
06:09 The Integration of Bitcoin Miners with Energy Grids 
08:52 Understanding Bitcoin Mining Economics 
11:58 The Impact of Weather on Bitcoin Mining 
15:00 Market Dynamics and Hash Rate Fluctuations 
18:04 The Role of Bitcoin Miners in Energy Consumption 
20:59 The Future of Bitcoin Mining and Hardware 
24:00 The Wall Streetization of Bitcoin 
26:45 The Potential of 21 and Strategic Partnerships 
29:53 Blockware's Role in Bitcoin Mining 
32:54 Tax Incentives and Bitcoin Mining 
35:59 The Future of Bitcoin and Market Predictions 
 
Check out our sponsors👇 
https://mining.blockwaresolutions.com/lnms 
Blockware is a Mining-as-a-Service platform that makes it easy for anyone to start mining Bitcoin straight from home! Get $100 off your first miner with discount code LNMS🔥 
 
https://bitbox.swiss/lnms 
BitBox is the best in class hardware wallet, I personally trust and use! Get 5% off your first order with discount code LNMS🔥 
 
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Get the latest in finance, crypto, and Bitcoin. Our newsletter provides clear, concise and actionable insights. Don't miss out—check out our Newsletter and subscribe today! 🔥⬇️ 
https://substack.com/@lessnoisemoresignal 
 
Bitcoin Book 👇 
Order from Europe: https://www.amazon.de/dp/1967693013 
Global: https://www.amazon.com/-/de/dp/B0F9W8Y283 
Thank you for subscribing to our channel! We’re excited to have you with us! 
#Bitcoin, #mining, #energydemand, #hashrate, #WallStreet, #Blockware, #taxincentives, #cryptocurrency, #marketdynamics, #BitcoinEconomics