Macro Hive Conversations With Bilal Hafeez

Tomasz Nadrowski is a portfolio manager at the Amvest Terraden Critical Minerals Fund. He was a former Director at the World Economic Forum and Vice President of Business Development at AngloGold Ashanti, then the world's largest gold producer. Tomasz has spent over fifteen years managing commodity and mining equity portfolios for hedge funds and family offices across the U.S., Europe, and Asia. 

He is fluent in seven languages and a regular contributor to Oxford Analytica. He combines deep industry knowledge with a strategic understanding of how resources, markets, and power intersect in today's shifting geopolitical landscape. He is also the host of the podcast Tyranny Today. In this podcast, we discuss:
End of Pax Americana & Asymmetric Tech
Vulnerability of Maritime Chokepoints
The Sword Over the Shield (Wars of Attrition)
Western Re-Industrialization & Refining Bottlenecks
Rise of Western Hemisphere Energy Dominance
China's Critical Mineral Valve & "Game of Chicken"
Russian Gray-Zone Warfare in Europe
AI as Human "Unburdening"

Alex Edmans is a Professor of Finance at London Business School and is one of the world's leading academics on company purpose, social value, and profit. Alex has a PhD from MIT as a Fulbright Scholar and was previously a tenured professor at Wharton and an investment banker at Morgan Stanley. In this podcast, we discuss:
Amateur vs. Professional Behavioural Errors
Direction Right, Speed Wrong in AI and Tech Bubbles
The Limits of Contrarian Strategies
Herding Mechanics and Social Network Traps
Slow Uptake on Corporate Intangibles
Subtle C-Suite Tells: AGMs and Corporate Jets
Arithmetic Misreactions and Narrow Framing
The Anchoring Trap & Disposition Bias
Overconfidence in Amateur Stock-Picking
Exploiting a Long Investment Horizon

Paul Cavey is a China-focused Asia economist with twenty-five years of experience covering the region. He runs East Asia Econ. Previously, he was a macro strategist in the global bond team at Wellington Management, head of China economics at Macquarie Securities and chief China economist at the Economist Intelligence Unit. In this podcast, we discuss:
AI Hardware Demand & Regional Supply Chains
Taiwan's Real GDP Expansion vs. Korea's Terms-of-Trade Shock
Taiwan's Negative Real Interest Rates & Inflation Outlook
East Asia's Resilience to Global Energy Shocks
Bank of Korea Policy Hikes & Won FX Dynamics
Japan's Fiscal Revenue Boom & Manufacturing Catch-Up
BOJ Policy Path, Persistent Inflation, and Yen Weakness
China's Property Slump & Incremental Credit Easing
China's Auto Export Surge & Sovereign Tech Stack
Sovereign Balance Sheet Divergence & CGB Market Dynamics

Apurv Jain is the Founder and CEO of MacroX, a San Francisco-based startup building a real-time measurement layer for the global economy using alternative data. Before MacroX, Apurv built machine-learning investing systems at Microsoft, traded FX derivatives at Deutsche Bank, and worked at Bridgewater Associates. His research experience spans Microsoft Research and Harvard Business School, with publications and invited talks across academia, central banks, and global forums including Davos and the World AI Summit. He holds degrees from Georgia Tech and the University of Chicago and is passionate about mixed martial arts. In this podcast, we discuss: 

Official Data Lags & Declining Survey Response Rates
1,000+ Alternative Data Pipelines for Macro State Mapping
Real-Time Worker Bargaining Power vs. Lagged Wage Metrics
Multimodal AI: CNNs, BERT, and Targeted LLM Workflows
Nowcasting Lead: Gaining 2–3 Months Ahead of Official Prints
Next-Generation Nowcasting vs. Atlanta Fed GDP Models
Why the 2023 Yield Curve Recession Signal Failed
Current US Economic State & The "K-Shaped" Consumer
Portfolio Integration for Fundamental & Systematic Investors

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:
The Tripolar World & Spending Super Cycle
US Valuation "Haircut" vs. Non-US Bargains
Reframing Bearish Narratives & High Nominal Growth
European Plays: Financial Consolidation, Spain, and Poland
Emerging Markets, China's Tech/Biotech, and Brazil Rate Cuts
Energy Security, Clean Energy Adoption, and Battery Plays
US Midterm Outlook & Policy Incoherence
Year-End "Face Ripper" Rally & Answering AI ROI