Global Macro Update

Aug 07, 2026 — A hedge fund nearly blew up in a single week—not because of a bad bet, but because of leverage. And that's a problem the US government knows well. This week, Jared Dillian joins Ed D'Agostino to unpack what higher rates mean for America's debt, Japan,...

Jul 20, 2026 — Barry Habib, CEO of MBS Highway and four-time winner of Zillow's Crystal Ball Award, joins Ed D'Agostino to answer a question that causes a lot of pushback: Is housing really harder now than it was for previous generations? Yes—and also no. Barry makes...

Mar 27, 2026 — Michael Howell of GL Indexes and Capital Wars joins Ed D'Agostino to explain how global liquidity is being drained by four converging forces—central bank tightening, surging oil, a rising dollar, and spiking bond volatility—just as a massive wall of...

Mar 13, 2026 — Geopolitical strategist Jacob Shapiro breaks down the long-term implications of the US-Israel military campaign against Iran. Recorded in the middle of extraordinary oil price swings and a Strait of Hormuz disruption, the conversation moves beyond the...

Mar 06, 2026 — Eric Fine, an emerging markets bond portfolio manager at VanEck, discusses how EM bonds currently yield roughly double what you get in developed markets at lower volatility. And yet, almost nobody owns them. He also unpacks how Middle East tensions are...