Lars Christensen

Investering i krisetid Podcast Episode · Makropuls – med Lars Christensen · 10/08/2025 · 58m

NY EPISODE AF PODCASTEN MAKROPULS:

INVESTERING I KRISETID

Makropuls er produceret i samarbejde med Howden Danmark.

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EKSTRAUDGAVE: DRONER OVER DANMARK

Dronerne over danske lufthavne gjorde det nødvendigt at lave en ekstraudgave af "Makropuls".

Jeg har inviteret Mikkel Vedby Rasmussen til at diskutere, hvad denne nye virkelighed betyder.

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The blog post:

"Measuring Political Violence in America: A Language Model Experiment"

marketmonetarist.com/2025/09/24/m...

Federal Reserve sætter renten ned - men hvorfor dog det?

NYT AFSNIT AF "MAKROPULS":

Federal Reserve sætter renten ned - men hvorfor dog det?

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ARGENTINA FIRST: MAKING BAIL OUTS GREAT AGAIN The Argentine markets took a beating last week, but US Treasury Secretary Scott Bessent has rushed to the rescue with a remarkable promise: America will provide what amounts to unlimited support to…

New blog post:

ARGENTINA FIRST: MAKING BAIL OUTS GREAT AGAIN

marketmonetarist.com/2025/09/22/a...

The Fed’s Drifting Anchor The Federal Reserve cut rates by 25 basis points yesterday, bringing the fed funds rate to 4.00-4.25%, exactly as markets had expected. Stephen Miran – Trump’s recently appointed member…

New blog post:

The Fed’s Drifting Anchor

marketmonetarist.com/2025/09/18/t...

US inflation acceleration – a lot faster than you might think Many economists and market observers have expressed surprise at the apparent absence of inflationary effects from President Trump’s economic policies. I find this a bit puzzling, as I believe…

"Despite this clear inflationary trend, the Federal Reserve is expected to reduce its policy rate by 25 basis points in September. In my view, this would be a clear signal that the Fed has yielded to political pressure"

marketmonetarist.com/2025/09/13/u...

By @mamomvpy.bsky.social

US inflation acceleration – a lot faster than you might think Many economists and market observers have expressed surprise at the apparent absence of inflationary effects from President Trump’s economic policies. I find this a bit puzzling, as I believe…

New blog post:

US inflation acceleration – a lot faster than you might think

marketmonetarist.com/2025/09/13/u...

The Fed Under Siege: The Erdoğan Playbook Comes to Washington The American economy stands at a critical juncture. President Trump’s assault on the Federal Reserve has reached an intensity that threatens the very foundations of independent economic insti…

New blog post:

The Fed Under Siege: The Erdoğan Playbook Comes to Washington

marketmonetarist.com/2025/08/29/t...

Godt afsnit, hvor Lars Christensen og Steffen Dam diskuterer "hvorfor ChatGPT 5.0 skuffer brugerne, hvordan datacentre og stigende energipriser truer økonomien bag boomet ..."

Forretningsmodellen er pt strukket godt ud. Næste trin af enshittification af AI-chatbots er begyndt.

Nyt afsnit af Makropuls

Har AI ramt muren?

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America’s Kamikaze Fund: Why Buying Overpriced Shares Could Trigger a Bond Meltdown Suppose I came to you and said: “I would like to borrow a very large sum of money in order to buy massively overpriced shares. By the way, I am already drowning in debt.” What interest rate would y…

New blog post:

America’s Kamikaze Fund: Why Buying Overpriced Shares Could Trigger a Bond Meltdown

marketmonetarist.com/2025/08/26/a...

Red Hat Socialism: Buy High, Borrow Higher Donald Trump calls it a win for American industry. Trump’s economic advisor (or what ever it is he is doing) Kevin Hassett calls it the first step towards a sovereign wealth fund. I call it R…

New blog post:

Red Hat Socialism: Buy High, Borrow Higher

marketmonetarist.com/2025/08/25/r...

The Computing Capacity Crisis: Soaring Infrastructure Costs Are Degrading AI Models, Accelerating Inflation, and Threatening the Tech Stock Boom If you’re a heavy user of language models, as I am, you’ll have undoubtedly noticed that the various AI models, such as ChatGPT and Claude, aren’t behaving quite as they used to. …

New blog post:

The Computing Capacity Crisis: Soaring Infrastructure Costs Are Degrading AI Models, Accelerating Inflation, and Threatening the Tech Stock Boom

marketmonetarist.com/2025/08/20/t...

T.R.U.M.P. Macro Model | Claude T.R.U.M.P. Macro Model - React component created with Claude.

Har I prøvet T.R.U.M.P. Modellen?

claude.ai/public/artif...

Totally unqualified. Zero credibility.

Trump Fires BLS Chief: The Argentinisation of American Data In my three decades as an economist—including 15 years as Chief Analyst for Emerging Markets at Danske Bank—I’ve seen some truly bizarre economic episodes. I’ve watched Argentina defaul…

New blog post:

Trump Fires BLS Chief: The Argentinisation of American Data

marketmonetarist.com/2025/08/01/t...

The EU-US Trade Deal: A European Victory Disguised as Defeat I must say that the commentary surrounding Sunday’s so-called trade agreement between the US and EU has been almost universally “Trumpian” in its analysis. Nearly every commentato…

New blog post:

The EU-US Trade Deal: A European Victory Disguised as Defeat

marketmonetarist.com/2025/07/28/t...

The Forgotten Mandate: How “Moderate Long-term Interest Rates” Exposes the Fed’s Achilles Heel The Hidden Third Mandate The Federal Reserve Act may soon create serious problems for Jerome Powell – or perhaps I should say “Too Late” Jerome Powell, as President Trump has take…

New blog post:

The Forgotten Mandate: How “Moderate Long-term Interest Rates” Exposes the Fed’s Achilles Heel

marketmonetarist.com/2025/07/15/t...

Classical Liberals, Let’s Be Honest About Milei As a classical liberal economist, I ought to be thrilled about Javier Milei. A self-proclaimed libertarian winning the presidency of Argentina on a platform of radical economic liberalisation? It s…

New blog post:

Classical Liberals, Let’s Be Honest About Milei

marketmonetarist.com/2025/07/14/c...

The Return of the Bond Vigilantes: Why 5% US Treasury Yields Signal Trouble Ahead After Trump announced “Liberation Day” on 2 April, US government bond yields began to rise – and even after the announcement on 9 April of a “pause” in the implementation of…

New blog post:

The Return of the Bond Vigilantes: Why 5% US Treasury Yields Signal Trouble Ahead

marketmonetarist.com/2025/07/14/t...

From the Extremist Centre Comes a Big Beautiful Delusion: Why the US Won’t Learn from Denmark’s Fiscal Success The sheer mathematical impossibility of American fiscal policy never ceases to amaze me. Here we have the world’s largest economy, blessed with extraordinary dynamism and innovation, yet trap…

New blog post

From the Extremist Centre Comes a Big Beautiful Delusion: Why the US Won’t Learn from Denmark’s Fiscal Success

marketmonetarist.com/2025/07/06/f...

Lies, Damned Lies, and… Actually Pretty Accurate Statistics: Neither Biden Nor Trump Are Fudging the Jobs Numbers The US economy added a stronger-than-expected 147,000 jobs in June, and the unemployment rate ticked down to 4.1%, according to this morning’s Bureau of Labor Statistics report. As has become…

New blog post:

Lies, Damned Lies, and… Actually Pretty Accurate Statistics: Neither Biden Nor Trump Are Fudging the Jobs Numbers

marketmonetarist.com/2025/07/04/l...

From Leader to Follower: How the Federal Funds Rate Lost Its Causal Power For years, I’ve argued that central banks fundamentally misunderstand their own monetary policy transmission mechanism. They believe the federal funds rate drives nominal variables, when incr…

The blog post:

From Leader to Follower: How the Federal Funds Rate Lost Its Causal Power

marketmonetarist.com/2025/07/01/f...

Hormuz-krisen – Den største energikrise siden 1973? Makropuls – med Lars Christensen · Episode

Hormuz-krisen – Den største energikrise siden 1973?

Lars Christensen og Steffen Dam taler om den eskalerende konflikt mellem Israel og Iran, og Irans trussel om at lukke Hormuz-strædet – verdens vigtigste olierute.

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Nyt afsnit af "Makropuls - med Lars Christensen"

Hormuz-krisen – Den største energikrise siden 1973?

Vi taler om konflikten mellem Israel og Iran, og de økonomiske og finansielle konsekvenser af konflikten.

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The Fiscal Dominance Trap: A Love Story Between Debt and Denial The calendar reads June 13, 2025, but I’m getting flashbacks to December 1977. As Israeli fighter jets strike Iranian nuclear facilities and President Trump calls Federal Reserve Chair Jerome…

Ny blog-post:

The Fiscal Dominance Trap: A Love Story Between Debt and Denial

marketmonetarist.com/2025/06/13/t...

The McCallum Rule and 25 Years of Euro-Area Monetary Policy Introduction: Why Monetary Policy Needs a Firm Theoretical Foundation Monetary policy is fundamentally about stabilising nominal spending — nominal GDP — to support economic growth and maintain pri…

New blog post:

The McCallum Rule and 25 Years of Euro-Area Monetary Policy.

marketmonetarist.com/2025/06/09/t...

Rent-Seeking Royalties: MAGA Populists Turn on King Musk – A Lesson in Public Choice Theory Over the past 24 hours, a remarkable confrontation has unfolded on X (formerly Twitter) that perfectly encapsulates the inherent contradictions in Elon Musk’s political positioning and the br…

What I wrote in December on Musk and Trump:

Rent-Seeking Royalties: MAGA Populists Turn on King Musk – A Lesson in Public Choice Theory

marketmonetarist.com/2024/12/28/r...