How Financialization Broke Markets & Hollowed Out America | Weekly Roundup

In this episode of Forward Guidance, Felix welcomes Hunter Hopcroft to discuss the financialization of markets and the economy, including the shift from equity to private debt markets. Tyler joins the conversation, praising Hunter's insights and delving into historical market structures, the decoupling of growth and interest rates, and the consequences of prioritizing debt over equity. Quinn then steers the discussion towards the crowding out of the private sector in debt capital markets and the impact of public debt issuance. The group also explores the challenges of interpreting credit spreads, the role of passive investing, and the potential for government intervention in markets. They conclude by analyzing recent market trends, including the surge in gold investments, and assessing the economic outlook for the coming year, with a focus on potential policy shifts and their implications for investors.