Luke Gromen discusses the paradigm shift away from US Treasuries as a reserve asset

Wall St. For Main St., Released on 6/17/24

During this 40+ minute interview, Jason asks Luke about a permanent paradigm shift by non G7 central banks away from accumulating US Treasuries as a reserve asset and an emerging supply and demand issue developing in the US Treasury market. Luke talks about how China and many other countries no longer need to accumulate US Treasury bonds. China, Russia and other non G7 countries are instead accumulating gold tonnage again as a reserve asset. Luke talks about US and China relations and how it will be very difficult and very costly to move the global supply chain away from China. Luke does not expect deflation for a long period of time as 6 months or less of deflation would collapse US tax receipts. Luke goes into fights over many natural resources, why many countries are accumulating gold and why he thinks the Fed will cut interest rates.

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Luke Gromen is a graduate of the University of Cincinnati and received his MBA from Case Western Reserve University. He earned the CFA designation in 2003. Luke provides strategic consulting services for corporate executives and is the founder of The Forest For The Trees, LLC, a macro/thematic research firm catering to institutions and individuals.

Jason Burack is an investor, entrepreneur, financial historian, Austrian School economist, and contrarian. Jason co-founded the startup financial education company Wall St for Main St, LLC, to try to help the people of Main Street by teaching them the knowledge, skills, research methods, and investing expertise of Wall Street. You can also find Jason’s work at his blog website at www.jasonburack.com.

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