This Happened Right Before 2008 (It's Happening Again!)

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In this episode, Alessandro sits down with macro analyst Steven Van Metre for a deep dive into the mounting cracks in the global economy and why some of them resemble the early stages of 2008. They explore stress in the private credit market, rising consumer delinquencies, weakening labor data, and the growing disconnect between stock markets and economic reality. The conversation also covers corporate buybacks, AI-driven capex, bond market signals, the yen carry trade, and where capital may flow if conditions tighten further. A wide-ranging macro breakdown of what’s happening beneath the surface and what could come next.

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