MacroVoices #537 Brent Johnson: There’s No Turning Back
In this episode, Brent Johnson of Santiago Capital analyzes the tentative Iran peace deal, concluding that the kinetic conflict is merely paused and likely to resume, with the Strait of Hormuz remaining effectively under Iranian control and a $1‑per‑barrel toll looming. He challenges the narrative of rapid de‑dollarization, arguing that supply‑chain shocks and nationalism will drive second‑order inflation, reshaping the outlook for hard assets like food, energy, and metals. Johnson also warns that the market’s recent rally in oil, gold, and equities may be short‑lived, as the full macroeconomic impact of the deal could unfold over the next six to nine months. Throughout, he emphasizes the need for investors to stay skeptical of official statements and adopt a more nuanced, open‑minded stance.
MacroVoices #533 Morgan Downey: The Return of Oil 101
In this episode, host Eric Townsend interviews oil market veteran Morgan Downey, author of the seminal "Oil 101," about the ongoing closure of the Strait of Hormuz and its impact on crude prices. Downey explains that strategic petroleum reserve releases,...
MacroVoices #529 Ole S Hansen: Commodities in The Wake of The Iran Crisis
In this episode, Saxo Bank’s chief commodity strategist Ola Hansen explains how the Iran crisis is rippling through energy markets, refined products, fertilizers, metals and agriculture, creating extreme backwardation in crude oil futures. He argues that the forward curve’s steep backwardation...