In the November FOMC meeting, Fed Chair Jay Powell stated that while the pace of economic growth is slowing, indicators point to modest growth in spending and production this quarter. Peter Tchir, head of macro strategy at Academy Securities, joins Forward Guidance to argue that the economy is slowing much, much faster than the Federal Reserve’s models indicate. Tchir tells Jack Farley how brewing geopolitical tension between China and the U.S. will likely continue to weigh upon financial markets, and he shares his insights on energy markets in the U.S. and Europe.  -- Follow Peter Tchir on Twitter https://twitter.com/TFMkts Follow Jack Farley on Twitter https://rb.gy/uesguv Follow Forward Guidance on Twitter https://rb.gy/cy0dki Follow Blockworks on Twitter https://rb.gy/igyzsj -- Founded in 2014 by three cybersecurity engineers, Bittrex is a world-class cryptocurrency exchange with a focus on security and trust. Trade over 150 cryptocurrencies in the United States along with lightning-fast trade execution and dependable digital wallets, all protected by industry-leading security practices. Discover why Bittrex is the best kept secret in crypto trading. Open your account today at: http://fgpodcast.link/bittrex -- Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://rb.gy/5weeyw Market commentary, charts, degen trade ideas, governance updates, token performance, can’t-miss-tweets and more. Subscribe to the Blockworks Research “Daily Debrief” Newsletter: https://rb.gy/feusos Find out more about the Blockworks video editor role here: https://blockworks.co/careers/ -- Timestamps: 00:00 Introduction 00:27 "I Would Disagree With Powell" On The U.S. Economy 06:03 "Credit Bubbles Only Happen With Safe Assets" 08:17 Layoffs In Big Tech 12:17 This Will Be A Deep And Lasting Recession 14:31 The Semiconductor Industry 20:34 China 33:52 Energy 36:56 Regulation of Fossil Fuels 40:41 When Will The Drawdown of The Strategic Petroleum Reserve (SPR) Stop? 44:27 Will Europe's Energy Problems Cause A Recession? 48:26 The Strong Dollar Is Destabalizing The Global Financial System 59:30 The Increasing Political Pressure On The Federal Reserve -- Disclaimer: Nothing discussed on Forward Guidance should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets. ... https://www.youtube.com/watch?v=PpZu9OXBX_I

Upon returning from Golden Week holidays in Japan and China, Chinese bank shares went on an absolute tear higher, with some of the biggest lenders' stocks hitting their +10% intraday limit up on the heels of positive headlines on net interest margins. However, the bigger macro picture in China does not warrant such a historic surge in Chinese banks. Furthermore, the last time that Chinese banks hit limit up was in July 2015, followed by the historic PBOC yuan devaluation, and the subsequent cross-asset, global volatility that had ensued thereafter. Weston Nakamura discusses today's price action in China (and indeed the world's) largest bank shares, as well as what else is ahead for this week out of Asia with global market impact and relevance. Watch Weston's interview with Taka Kato on all things Japan markets: https://youtu.be/pasDGsyQuG0 -- Follow Market Depth On Spotify: https://spoti.fi/3mVTs9U Follow Market Depth On Apple Podcasts: https://apple.co/40dA2vm Follow Weston: https://twitter.com/acrossthespread Follow Blockworks: https://twitter.com/Blockworks_ Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://blockworks.co/newsletter/ --or Disclaimer: Nothing discussed on Market Depth should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets. ... https://www.youtube.com/watch?v=Tuq6eSjxHcs