Macro Hive Conversations With Bilal Hafeez

Srividya Jandhyala is a professor of Management at ESSEC Business School in Singapore. Her research focuses on global strategy, geopolitics, and international business. She is the author of the best-selling book 'The Great Disruption: How Geopolitics is Changing Companies, Managers, and Work'. Before ESSEC, she was a Fung Global Fellow at Princeton University. She also served on the faculty of George Washington University in Washington, D.C., and she received her PhD in Management from the Wharton School at the University of Pennsylvania. In this podcast, we discuss:
Geopolitics as a Structural Headwind 
The End of the "Flat World" 
Why Corporate Nationality Trumps Product 
Lessons from Mining and Energy Sectors
The Jenga Tower of Global Friction
Sovereign AI and Geopolitical Tech
China's "Singapore" Playbook
The Erosion of the Rules-Based Order
Localization and the "Societal License" to Operate
The Shift from "Event-Based" Thinking

Rory Johnston is a Toronto-based oil market researcher, the founder of Commodity Context, a lecturer at the University of Toronto's Munk School of Global Affairs and Public Policy, as well as a Fellow with both the Canadian Global Affairs Institute and the Payne Institute for Public Policy at the Colorado School of Mines. Prior to founding Commodity Context, Rory led commodity economics research at Scotiabank. In this podcast, we discuss:  
Trump's Bullish Paradox  
Importance of China's SPR
Why OPEC+ Hiked Production
The "Oil on Water" Overhang  
Venezuela and Iran
2026 Outlook  
US Shale's H2 Roll-over
Long term demand outlook

Phil is the founder of Suttle Economics – a leading research consultancy. Before that, he held senior roles at Tudor, the Institute of International Finance (IIF), JP Morgan, Barclays, the New York Fed and World Bank. He was educated at Oxford University and lives in the US. In the podcast, we talk about: 

US Labour Market Dissonance
Trump's "Elizabeth Warren" Populism
The Productivity Mystery
Fed Under Pressure
Sticky Inflation Through 2027
Global Business Disruptions
Extreme Oil Volatility
Japan's Policy Pivot
China's Sluggish Consumer
European and UK Growth
Historical Parallels to Populism

Robert is Founder, Chief Investment Officer and the Managing Partner of the $5bn EM fund, Gramercy. He founded Gramercy in 1998. Robert has 36 years of investment experience dedicated to emerging markets with a specialization in distressed opportunistic credit strategies. He is a member of Gramercy's Management Team and is Co-Chair of the Risk Management Committee. In this podcast we discuss:
EM in 2025: From Caution to FOMO
EM vs DM: A Role Reversal Since COVID
The Problem with EM Labels & Indices
China: From 'Uninvestable' to Selective Opportunity
Russia–Ukraine: Asymmetry, Reconstruction, and Market Blind Spots
The Boom in EM Private Credit
Where the Opportunities Are in EM Private Credit
Mexico, NAFTA 2.0, and Geopolitics
Venezuela and the 'Trump Corollary to the Monroe Doctrine'
Fed Policy: The Only Conviction Is Lack of Conviction
Portfolio Philosophy: Fighting FOMO and Overtrading

Jay Pelosky is the founder of TPW Advisory. He has over 35 years of buy-side and sell-side financial market experience. Before going independent, Jay was at Morgan Stanley, where he was ranked #1 by Institutional Investor in Global Equity Strategy and Global Asset Allocation Strategy. In this podcast, we discuss: 
Tripolar World (TPW) - regional integration in Asia, Europe, and Americas.
Global growth long cycle driven by spending on AI, defense, and climate across regions.
China-US AI competition
The shift from chip quality to power costs as the key AI competitive advantage.
Brazil and Spain's clean energy plays
Why 2025 is not like the 2000 dotcom bubble
Private credit opportunities
Attractive China tech valuations
China's five-year plan
Europe's potential
Countries pressuring institutions to invest domestically rather than in US markets.