In The Harbor -Rich Consul
Making Sense of the Polycrisis: What Markets Are Actually Telling You
In the Harbor | Episode 24 featuring Rich Consul of Bankers Edge
The headlines are loud right now: geopolitical tension, private credit concerns, energy market volatility, rising interest rates, gold and silver surging. And yet, markets are holding up. So what's really going on?
In Episode 24 of In the Harbor, we sit back down with repeat guest Rich Consul of Bankers Edge to unpack what he calls the "Polycrisis" — a macro environment where multiple major forces are colliding at the same time. Rich shares his framework for cutting through the noise, including his weekly practice, "Rich's Weekend Five," where he translates the week's most important headlines into what actually matters across five key markets: the dollar, energy, stocks, yields, and gold.
In this conversation, Rich breaks down why today's environment is simultaneously risk-off and inflationary, why traditional market relationships may be breaking down, and what the consumer balance sheet tells us about liquidity. We also dig into the rotation from large caps into small and mid caps, what's real vs. overblown in the private credit conversation, and why energy may be the single most important variable to watch right now.
Episode Description:
It feels like everything is happening at once — and in many ways, it is. In this episode, Rich Consul of Bankers Edge joins us to make sense of the "Polycrisis": a collision of geopolitical tension, energy volatility, rising rates, surging gold, and growing questions around private credit.
We discuss also discuss:
- Why markets are holding up despite the chaos
- Rich shares his "Weekend Five" framework for focusing on what actually matters
- Offers his take on where the real risks and opportunities lie
A must-listen for advisors and investors navigating today's complex macro environment. Whether you're an advisor trying to communicate a complex macro picture to clients or an investor looking for a clearer framework, this episode is built for you. Tune in wherever you listen to podcasts:
