How To Monetize Government Policy | Mark Spindel

In Episode 414 of Hidden Forces, Demetri Kofinas speaks with Mark Spindel about monetizing government policies and how an improved understanding of their effect on markets can enhance the value and performance of your portfolio. Demetri and Mark spend the episode's first hour evaluating Trump’s first 100 days in office, assessing his policy objectives and his effectiveness (or ineffectiveness) in turning those policies into tangible economic and political victories for his administration. They discuss: 1. Tariff-induced supply chain disruptions 2. Price inflation 3 .Higher interest rates 4. Lower asset prices 5. A falling U.S. Dollar In the second hour, Spindel and Kofinas focus on the investment implications that stem from a more accurate understanding of government policy and its effect on markets. Listeners will walk away with a deeper understanding of: 1. The government’s role in the economy 2. The myth of Fed independence 3. How policy impacts equity and bond performance 4. The role of alternative safe assets 5. The impact of new tax regimes on investment outcomes You can subscribe to our premium content and access our premium feed, episode transcripts, and Intelligence Reports at https://hiddenforces.io/subscribe. If you want to join in on the conversation and become a member of the Hidden Forces Genius community, which includes Q&A calls with guests, access to special research and analysis, in-person events, and dinners, you can also do that on our subscriber page at HiddenForces.io/subscribe. 00:00 Introduction 03:10 Mark Spindel's Background 11:25 The Myth of Independence and Academic Pursuits 15:27 Family Office and Taxable Investment Strategies 19:27 Discussion on Trump's Economic Policies 33:55 Interest Group Politics and Tariffs 37:45 National Security and Interest Group Politics 40:28 Inflationary Impact of Tariffs 43:52 Challenges of Fed's Dual Mandate 53:25 Managing Trade-offs in Monetary Policy 58:54 Topics for the Second Hour If you enjoyed listening to today’s episode of Hidden Forces, you can help support the show by doing the following: Subscribe on Apple Podcasts | YouTube | Spotify | Stitcher | SoundCloud | CastBox | RSS Feed Write us a review on Apple Podcasts at https://apple.co/3fLSIgR Write us a review on Spotify at https://spoti.fi/3tv4zYr Subscribe to our mailing list at https://hiddenforces.io/newsletter/ Subscribe and Support the Podcast at https://hiddenforces.io Follow Hidden Forces on Twitter: https://twitter.com/hiddenforcespod Follow Demetri on Twitter: https://twitter.com/kofinas Producer & Host: Demetri Kofinas Editor & Engineer: Stylianos Nicolaou Follow Demetri on Twitter at @Kofinas Episode Recorded on 04/29/2025