Ben Melkman: Expecting A U.S Dollar Decline

Blockworks Macro
91.3K subscribers

On today’s episode of “The Macro Trading Floor,” Andreas and Alfonso welcome Ben Melkman Founder & CIO of Light Sky Macro.

Expecting a secular shift in inflation, Ben shares his thoughts on the current state of markets as the Fed continues their fight to slay the inflation dragon. Could the Fed be out of ammo? Are markets mispriced for a secular shift in inflation? Ben walks through the biggest opportunities he sees today in markets before sharing his actionable trade idea, but to hear that, you'll have to tune in!
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This episode is sponsored by Saxo Bank. Saxo Bank offers unparalleled market coverage across fiat, crypto and metals. Moreover, you can trade Gold your way, using either Futures, Options, Forwards or ETCs and gain access to a wide range of government and corporate bonds. Discover more opportunities at https://goto.saxo/macrofx
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Referenced In The Show:

Stenos Signals #13 - No, Germany is probably not running out of gas: https://andreassteno.substack.com/p/s...

UK's Liz Truss will probe extent of Bank of England independence, supporter says: https://www.reuters.com/world/uk/uks-...
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Timestamps:
00:00 Introduction
01:01 Natural Gas In Europe
03:40 Inflation In Europe
06:26 Pricing A Systemic Risk In Europe
10:55 Feature Interview: Ben Melkman
11:31 A Secular Shift For Inflation
21:00 Jerome Powell's Comments At Jackson Hole
28:49 Will The Fed Accept Above 2% Inflation?
31:09 The U.S Dollar
37:41 Ben's Actionable Trade Idea
47:55 Post Interview: Final Thoughts
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Disclaimer: Nothing discussed on The Macro Trading Floor 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.