On this episode of “On the Margin,” Blockworks Co-founder Mike Ippolito is joined by returning guest and former hedge fund manager Russell Clark of Russell Clark Investment Management. After spending over a decade as an investment manager, Russell joins “On The Margin” to discuss the period of change we find ourselves in.

From trends in inflation to the evolution of market structure and reliance on clearing houses, Russell provides a big picture macro framework for thinking about markets and the world more broadly.

Russell also shares his thoughts on the connection between real wages and food prices and what the conflict in Ukraine means for food.

They also cover:

  • Russell’s market outlook
  • the unwinding of the petrodollar system
  • Russian debt default and market volatility
  • recent price action in commodities
  • and so much more

Watch the full episode below! 👇

“On the Margin” is a two-part show. Once a week, Mike interviews industry experts. At the end of the week, he is joined by a co-host where they break down the top crypto and macro stories. Episodes go live every Wednesday and Saturday morning.

Subscribe to “On the Margin” today on Apple or Spotify, or watch episodes on YouTube.


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  • Blockworks
    Video Editor
    Brianna Beckford is a Florida-based editor mainly focused on digital assets and the crossroads between the virtual and physical. As a University of Florida grad in Art + Technology, she’s dabbled in writing and reporting with a focus on the growth of hypermediacy in the present day. She focuses on video and podcasting for Blockworks.