Global Fiscal Dominance & the Escalating Risk of Inflation with Kevin Muir

Описание: Interview recorded - 20th of August, 2025

On this episode of the podcast I have the pleasure of welcoming on Kevin Muir. Kevin has three decades of trading experiencing, is the writer of the Macro Tourist and co-host of the podcast The Market Huddle.

During our conversation we spoke about the shift away from Monetary to Fiscal Dominance, the US outperformance being linked to its large deficit, how the Treasury is more powerful than the FED, massive global government spending and more. I hope you enjoy!

0:00 - Introduction
1:21 - Shift from monetary to fiscal driven economy
10:16 - US fiscal steroids
14:51 - Treasury more powerful than central banks?
22:11 - Moving issuance forward on the curve
25:41 - Market narratives
27:04 - Do deficits matter?
35:51 - No tax increases or less spending
38:44 - Massive global government spending
40:18 - Market reaction
52:12 - Earnings concentration
54:31 - One message to takeaway?

Kevin Muir is a former bank equity index derivative trader who for the past two decades has been trading purely on a proprietary basis for both himself and other individuals.

During his three decades of trading, he has learned a few things about the market, but the one thing he is certain of is that he will still find new mistakes to make.

With the MacroTourist Letter, readers come along for a journey that benefits from the wisdom Kevin has accumulated over the years, but also get to watch as new mistake are made.

This is not a letter filled with back-slapping high-fives after good trades, but where bad calls are never mentioned. Kevin believes that the mistakes are where traders learn, and by also discussing the mistakes, other traders can learn from his.

Kevin Muir -

Newsletter - https://themacrotourist.com/
Podcast - ‪@TheMarketHuddle‬
X - https://x.com/kevinmuir
Email - [email protected]

WTFinance -

Spotify - https://open.spotify.com/show/67rpmjG...
iTunes -https://podcasts.apple.com/us/podcast...
LinkedIn -   / anthony-fatseas-761066103  
Twitter -   / anthonyfatseas  

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