This episode is sponsored by Nexo.ioCircle and FTX US.

In this interview, NLW chats with Tony Greer, a veteran trader and author of the Morning Navigator newsletter. They discuss energy markets, inflation and geopolitics.

Find our guest on Twitter: @TgMacro

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. Music behind our sponsors today is “War” by Enoch Yang. Image credit: Malte Mueller/Getty Images, modified by CoinDesk. Join the discussion at