This special edition of the Saxo Market Call podcast is a long-form chat with Steen Jakobsen, Saxo Chief Economist and CIO, who takes us through what makes him uneasy about the market and where it is trading these days, as well as current market narratives, versus what likely awaits in terms of inflation and real growth outcomes down the road. The current Fed policy mistake, FX themes, dysfunction in Europe and more are addressed in the conversation with Steen and host John J. Hardy.