Capital Is Quietly Reallocating — Are You Ready? | Global Macro | Ep.97

Description

The global order is shifting in plain sight. In this Global Macro conversation, Steen Jakobsen, inventor of the Outrages Predictions, joins Niels Kaastrup-Larsen and Alan Dunne to examine the slow grind reshaping productivity, debt, currencies, and political stability. From dollar regime risk to state capitalism, from market concentration to commodity repricing, the discussion moves beyond headlines to structural fault lines. Is gold signaling debasement? Can the U.S. sustain its debt path? Does AI lift productivity or hollow it out? Rather than predict collapse, Jakobsen outlines a drawn-out transition where capital reallocates, volatility hides beneath the surface, and political systems are tested long before markets finally react. #toptraders #investing #trendfollowing Episode TimeStamps: 01:38 - Introducing Steen Jakobsen 03:45 - From trading floors to outrageous predictions 06:32 - Dollar hedging and regime shift signals 08:06 - Davos as a macro catalyst 12:11 - The K shaped U.S. economy 14:50 - State capitalism and fiscal dominance 17:30 - What could invalidate the bearish dollar view 21:37 - Fed independence and policy credibility 24:49 - AI productivity or structural disinflation 27:56 - The modern Soviet analogy 31:21 - Democracy, debt and slow breakdown 33:18 - What could finally trigger market stress 37:08 - Commodities and tangible asset repricing 47:02 - Gold as a debasement signal Full episode can be found here: https://toptradsersunplugged.com/gm97 Subscribe to our podcast: iTunes: https://itunes.apple.com/us/podcast/top-traders-unplugged-niels-kaastrup-larsen-engaging/id888420325?mt=2 Spotify: https://open.spotify.com/show/2OnOvLbIV3AttbFLxuoaBW Follow us on social media: TWITTER: https://twitter.com/TopTradersLive (@TopTradersLive) FACEBOOK: https://www.facebook.com/toptradersunplugged INSTAGRAM: https://www.instagram.com/toptradersunplugged SOUNDCLOUD: https://soundcloud.com/toptradersunplugged-com Follow Alan on LinkedIn https://www.linkedin.com/in/alanjdunne Follow Steen on LinkedIn htt