Power shifts quietly—until the moment it reshapes markets. On the Top Traders Unplugged podcast, Niels Kaastrup-Larsen and Cem Karsan sit down with Adam Rozencwajg, Managing Partner of G&R, to unpack the slow fracture of a financial system long propped up by leverage, politics, and collective belief. Drawing a line from LBJ’s pressure on the Fed to today’s less visible forms of policy coercion, they explore how monetary regimes typically end—not in crisis, but in exhaustion.
For investors, the signals are clear: inflation returning as a behavioral force, debt compounding into structural constraints, and commodities reasserting their pricing power. From shale’s decline to Venezuela’s stranded potential to the persistent rise of gold, this discussion reveals a cycle coming full circle.
The story isn’t new—only the backdrop has changed.
Tune in to the episode for the full scoop.
Click the image below to listen to the full interview. Originally released on November 5, 2025.
Curious to learn more? Read more in our Q3 2025 research newsletter, available for download below.
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