Milk Road Macro

In this episode of Milk Road Macro, fintech executive and investor Mel Mattison exposes the hidden plumbing of the financial system - from "shadow" QE to the collateral crisis lurking behind tokenization - and explains why 2026 will be a stock picker’s market where the easy money has already been made. ~~~~~ 📊 ⁠⁠⁠⁠⁠⁠Discover crypto’s onchain S&P 500, check out Reserve’s DTFs.⁠⁠⁠⁠⁠⁠...

In this episode of Milk Road Macro, the godfather of global liquidity breaks down what’s actually driving markets beneath the surface, and why 2026 could look very different from what most investors expect. ~~~~~ 📊 ⁠⁠⁠⁠⁠Discover crypto’s onchain S&P 500, check out Reserve’s DTFs.⁠⁠⁠⁠⁠ ~~~~~ 🔧 Tools & Channels ⁠⁠🥛 ⁠Free Milk Road Newsletters.⁠⁠⁠ ⁠⁠🥛 ⁠Go PRO and become a better investor....

In this episode of Milk Road Macro, Chris Irons (aka Quoth the Raven) delivers an unfiltered breakdown of why today’s market is unlike anything we’ve seen before. Record valuations. Exploding debt. The Federal Reserve is trapped between inflation and collapse. And a growing sense that nobody, not policymakers, not investors, really knows how this ends. ~~~~~ 📊 ⁠⁠⁠⁠Discover crypto’s onchain S&...

In this episode of Milk Road Macro, veteran trader and macro analyst Francis Hunt (The Market Sniper) lays out why we’ve entered a new financial regime where sovereign debt is no longer a safe asset, currencies are being quietly debased, and hard assets are starting to reprice in real time. ~~~~~ 📊 ⁠⁠⁠Discover crypto’s onchain S&P 500, check out Reserve’s DTFs.⁠⁠⁠ ~~~~~ 🔧 Tools & Channel...

In this episode of Milk Road Macro, we’re joined by Bart Smith, former head of digital asset strategy at Susquehanna and current CEO of Avalanche Treasury Company, to unpack why crypto’s struggles may have less to do with technology and everything to do with macro, liquidity, and maturity. ~~~~~ 📊 ⁠⁠Discover crypto’s onchain S&P 500, check out Reserve’s DTFs.⁠⁠ ~~~~~ 🔧 Tools & Channels...

Today’s guest, Kevin Muir, The Macro Tourist, breaks down why this move represents a complete script-flip from the Fed, why Powell’s guidance may no longer matter, and why investors are missing the most important second-order effects shaping 2026. ~~~~~ 📊 ⁠Discover crypto’s onchain S&P 500, check out Reserve’s DTFs.⁠ ~~~~~ 💰 Institutional grade research (priced for everyday people), that doe...

The global monetary system is shaking… and one of the sharpest macro minds alive says the cracks are no longer theoretical. In today’s episode, legendary macro commentator Grant Williams joins us to explain why trust in the U.S.-led financial order is collapsing, why central banks are sprinting into gold, and why the next phase of QE could arrive far sooner than markets think. ~~~~~ 📊 Discover cr...

What if the economy you think you’re living in… doesn’t exist anymore? In today’s episode, EB Tucker drops one of the most non-consensus macro takes you’ll hear all year: capitalism isn’t dying, it’s already dead. And what replaced it is something far more engineered, more controlled, and more influential for investors than anyone wants to admit. ~~~~~ 📊 Discover crypto’s onchain S&P 500, che...

In today’s episode, we get into the story behind gold’s surge, why nations are standing for physical delivery like never before, and how BRICS are building a SWIFT-free, gold-settled financial order through mBridge, multi-jurisdictional vaults, and blockchain rails. ~~~~~ 📊 Discover crypto’s onchain S&P 500, check out Reserve’s DTFs: ⁠⁠https://out.milkroad.com/Reserve2025Podcast⁠⁠ ~~~~~ 🚨 Ge...

In today’s episode, former Sotheby’s CEO, NYU professor, Tad Smith breaks down the macro transformation happening beneath the headlines: soaring productivity, softening labor markets, and the rise of AI as a new form of economic capital. It’s a front-row view of the biggest economic shift of the decade, where GDP keeps rising, job demand keeps falling, and society scrambles to redefine purpose in...

In this episode, Dan explains why this brutal Bitcoin pullback isn’t the start of a bear market… but the mid-cycle cleanup before an explosive run into 2026. He breaks down the real macro forces at play, why Powell’s policy errors are setting up a generational liquidity wave, and why Bitcoin’s fundamentals today are 10× stronger than in 2021, yet the market is still mispricing everything. ~~~~~ 📊...

In today’s episode, legendary forecaster Harry Dent breaks down why demographics, not politicians, not central banks, drive every boom and bust. And according to him, the demographic math is flashing a massive red alert. From a $29 trillion “artificial boom” to a potential 90% Nasdaq wipeout, Dent lays out a brutally honest roadmap for what comes next… and why the U.S. may be headed for the kind o...

In today’s episode, Brent Johnson drops one of the most ambitious macro frameworks we’ve ever covered and explains why it may be pointing to the investment opportunity of the century. From stablecoins reshaping global power to the U.S.-China economic breakup, to a looming liquidity crunch that almost no one is prepared for… this conversation is a masterclass in how the world really works behind th...

The Powell era may be coming to an end, and what comes next could flip markets upside down. In this episode, macro veteran Barry Knapp breaks down why the Federal Reserve is misreading inflation, ignoring labor market signals, and risking a serious policy error. But here’s the twist: a new Fed Chair could be seated as early as January, and with it… a whole new monetary regime. ~~~~~ 🔧 Build Witho...

What really happened in Trump’s latest “deal” with China? In this episode, global trade expert Brad Setser breaks down the high-stakes handshake between the U.S. and China, and reveals why it might not be the win it’s being sold as. From rare earth retaliation to weaponized tariffs and Apple’s unintended role in building China’s industrial dominance, this one peels back the curtain on the most imp...

In this episode, macro veteran Michael Pento joins us for a no-BS breakdown of the ticking time bomb hiding in plain sight. He called the housing bubble in 2005. Now, he’s sounding the alarm again, except this time, the setup is even worse. Will the Fed trigger a full-blown bond revolt? Can they print their way out again without destroying the dollar? And why is Pento still long the market even as...

In this episode, Swissblock and Glassnode co-founder Yann Allemann joins us to break down the most important (and misunderstood) force in markets right now: liquidity. The Fed is cutting rates. QT is ending. Bitcoin crashed, then bounced. S&P targets are flying. And institutional capital is rotating faster than retail can blink. Is this a blow-off top, a melt-up, or the most dangerous bull tra...

The Fed just cut rates to 4% and ended quantitative tightening, but according to legendary hedge fund manager Bill Fleckenstein, none of that actually matters. In this episode, Bill breaks down why the market’s on autopilot, what’s really driving this bull run (hint: it’s not Powell), and why things could spiral fast when the music stops. ~~~~~ ⁠⁠⁠ 🌍 Macro moves markets, get ahead of the game wit...

In today’s episode of Milk Road Macro, Santiago Santos breaks down the seismic shift happening beneath the surface of global finance. From the Fed’s surprising embrace of stablecoin infrastructure to how AI agents will use USDC like cash, this is a front-row seat to the real stablecoin takeover, not the hype, but the plumbing. ~~~~ 📚 Helpful Resources 📚 🥛 The Fed’s running it hot and the bears...

The Fed says inflation is under control. Vincent Deluard says: not even close. In this episode, we dig into why inflation is here to stay, why the Fed has become a political tool, and how the era of fiscal dominance is reshaping everything. ~~~~ 📚 Helpful Resources 📚 🥛 The Fed’s running it hot and the bears are wrong 🐂 ⁠⁠⁠⁠⁠https://link.milkroad.com/macro-fed-analysis-10/05-pod⁠⁠⁠⁠⁠ ~~~~~ ⁠⁠⁠...

In this episode, chart master Caleb Franzen returns to break down why the recent volatility in Bitcoin, stocks, and gold isn’t a sign of a bear market, but actually one of the most compelling buying opportunities in months. With Powell signaling rate cuts, M2 liquidity rising, and credit spreads holding strong, Caleb argues that the macro backdrop still screams risk-on, if you know where to look....

In this episode of Milk Road Macro, we sit down with Benn Eifert, fund manager and derivatives expert, to uncover the truth behind retail trading, leverage blowups, perpetual futures, and the myth of “democratized finance.” From meme-stock mania to zero-day options and 100x leverage, this is a deep dive into how modern markets really work and who’s profiting when you get liquidated. ~~~~ 📚 Helpfu...

In this episode, legendary Wall Street strategist Mary Ann Bartels joins us to unpack one of the wildest macro setups in years. From Trump reigniting trade wars, to government shutdown theatrics, to Mary Ann’s eye-popping predictions (S&P 7,000? BTC $150K? Gold at $5K?!), this one’s a no-holds-barred macro masterclass. She’s calling a global secular bull market, warning of a massive bubble by...

In this episode, macro strategist Henrik Zeberg joins us to break down one of the most paradoxical moments in market history: A euphoric bull run on the deck of a sinking Titanic. Why are bulls partying while consumers are drowning? Are we nearing the biggest blow-off top of all time? And how will you know when it’s time to jump ship? ~~~~~ 📚 Helpful Resources 📚 🥛 The Fed’s running it hot and t...

Are we living through the most powerful bull market of our lifetimes? In this episode of Milk Road Macro, John Gillen sits down with veteran macro analyst and investor Mel Mattison to break down why today’s rally in Bitcoin, gold, and global markets looks more like the post‑war 1950s than anything we’ve seen since. Mel was one of the first to call the “Debasement Trade” and predicted this year’s e...