Podcasts about economic advisers

Everyone wants to know when the next recession is coming. Wall Street watches every data release. Politicians blame their opponents. The Federal Reserve tries to read the tea leaves. And too many commentators treat recessions as if they are an inevitable punishment after a long expansion. But what if much of that conventional wisdom is wrong?In this episode of the Let People Prosper Show, I'm joined by Dr. Tyler Goodspeed, Chief Economist at ExxonMobil and an adjunct scholar at the Cato Institute, to discuss his new book, Recession: The Real Reasons Economies Shrink and What to Do about It.Tyler brings a rare combination of economic history, macroeconomic expertise, and real-world policymaking experience. He served as Chair of the White House Council of Economic Advisers during the first Trump administration and previously served as Vice Chairman and Chief Economist for Macroeconomic Policy. We overlapped during my time at the White House Office of Management and Budget, where these debates were not academic. They shaped real decisions affecting millions of Americans. With dual PhDs in economics and history, Tyler has the long-run perspective needed to challenge the easy stories politicians tell about downturns. The goal should not be for the government to micromanage the economy. The goal should be to understand what actually causes downturns, avoid making them worse, and build the conditions for stronger long-run growth.

Every day, billions of transactions settle between strangers who have no idea which bank the other uses. That lack of friction is not automatic. Nine-tenths of the money in daily circulation has been created by commercial banks, but it stays trustworthy only because central banks stand behind it, and keep the system in balance.In this week's episode Tim Phillips talks to Stephen Cecchetti (Brandeis University, CEPR) about what happens when new forms of digital money test that architecture. Cecchetti is one of the authors of the eighth Barcelona Report in The Future of Banking series, part of the Banking Initiative at IESE Business School, just published by CEPR as a free download.Will retail central bank digital currencies, tokenised deposits, and stablecoins upset the delicate balance of system that has been running for decades? Stablecoins, for example, do not create money, but they claim the status of money without the institutional guarantee that makes money trustworthy. Three jurisdictions — the US, the EU, and the UK — are each resolving the same underlying contradiction in different ways. None has fully resolved it.The research behind this episode:Niepelt, Dirk, Stephen G. Cecchetti, Hélène Rey, and Xavier Vives. 2026. Digital Money: The Future of Banking 8. London: CEPR Press. Available as a free download from CEPR.To cite this episode:Phillips, Tim, and Stephen G. Cecchetti. 2026. “The digital money supply.” VoxTalks Economics (podcast). Assign this as extra listening. The citation above is formatted and ready for a reading list or VLE.About the guestStephen Cecchetti is the Rosen Family Chair in International Finance at Brandeis University, a Research Fellow of the Centre for Economic Policy Research (CEPR), and a Research Associate at the NBER. He was previously Economic Adviser and Head of the Monetary and Economic Department at the Bank for International Settlements, and Director of Research at the Federal Reserve Bank of New York. His research spanning monetary policy, financial stability, and banking regulation has shaped both academic and policy debate over three decades. He blogs at moneyandbanking.com.Research cited in this episodeWalter Bagehot's lender of last resort doctrine. In Lombard Street: A Description of the Money Market (1873), Bagehot argued that a central bank under stress should lend freely against good collateral at a penalty rate. The prescription remains the intellectual foundation for how central banks manage runs and systemic crises. Cecchetti invokes it to make the point that no private substitute for a central bank backstop has ever proved durable, and that the doctrine is now, one hundred and fifty years on, being tested by instruments its author could not have imagined.Monetary uniformity, mobility, and elasticity. The three institutional conditions underpinning general acceptance of money, developed in analysis by the Bank for International Settlements and discussed extensively in the report. Uniformity means a pound is a pound regardless of which bank holds it. Mobility means claims move between users and institutions at low cost and settle with finality. Elasticity means the supply of money can expand when it is under stress. Together they explain why we accept a deposit at face value without doing any analysis of the bank that issued it; and together they identify exactly where new forms of digital money create institutional gaps.Silicon Valley Bank failure, March 2023. SVB's collapse illustrates both the lender of last resort functioning and the limits of no-bailout commitments. Cecchetti notes that SVB's liabilities were still trading at par on the Thursday before its Friday failure because the Federal Reserve stood behind them. He also notes that Circle, the issuer of USDC, held $3.3 billion of its reserves at SVB and was effectively bailed out in the resolution. The episode is one of two occasions in the past twenty years where money market fund-like instruments have been backstopped by the Federal Reserve under stress.Genius Act (United States). Principle-based stablecoin regulation expected to come into effect in the US around 2027. Under its provisions, only stablecoins issued by bank-affiliated issuers will have access to the Federal Reserve; only those will therefore have the institutional backing needed to function as money. Stablecoins issued by non-bank entities will not.Markets in Crypto Assets Regulation (MiCA), European Union. The EU framework for crypto assets, which entered into force in 2024. For stablecoins, MiCA requires issuers to hold 30 to 60% of their reserves in bank deposits, with no provision for central bank backing. The stated rationale is to keep deposits within the banking system; Cecchetti notes this creates a different category of vulnerability and leaves the question of what happens under stress unresolved.Bank of England stablecoin proposal (United Kingdom). The Bank of England's approach differs from both US and EU frameworks by explicitly requiring large stablecoin issuers to hold significant reserve deposits at the Bank of England, making them in effect narrow banks with a direct central bank backstop. Cecchetti regards this as the most coherent of the three approaches in terms of institutional logic, though the same fundamental question applies: whether holding to that design under stress would be politically sustainable.Tether and the jurisdictional challenge. Tether, the largest stablecoin issuer, is registered in El Salvador having previously operated out of the British Virgin Islands. Its tokens are held by users in multiple countries, traded on exchanges in multiple jurisdictions, and backed by US Treasury securities. Cecchetti uses this to illustrate why local regulation, however well-designed, is necessary but not sufficient; effective oversight of instruments that are genuinely global requires international standards and coordination.Fractional reserve banking and the goldsmith model. The institutional structure described in the episode has roots in mid-seventeenth century England, when goldsmiths began issuing more paper receipts than they had gold in their vaults. The goldsmiths became bankers; the paper became money; the vulnerability to runs became a structural feature of private money creation that persists today. Cecchetti uses the history to make the point that while technology changes how we store and transmit information, the underlying architecture of trust in private money is as old as Newtonian physics.More VoxTalks Economics episodesMaking banking safe, Stephen Cecchetti and Kermit Schoenholtz. Our financial system is supposed to be more resilient than before the global financial crisis, but that didn't save Silicon Valley Bank, Signature Bank or First Republic. So what went wrong?Related reading on VoxEUNew coins on the block: Digital currencies and the financial system. The authors of the Barcelona Report warn that “Digital money will be reliable only where sound institutions and robust technology come together.”

Sir John Kay, CBE, FBA, FRSE, is one of Britain's leading economists, whose career has spanned the academic world, business and finance, and public affairs. Born in Edinburgh in 1948, he has held chairs at the London Business School, the University of Oxford and the London School of Economics, and has been a Fellow of St John's College, Oxford since 1970, when he was elected to a permanent teaching post at the University of Oxford at the age of 21.Kay studied at the University of Edinburgh and then at Nuffield College, Oxford, where he worked under James Mirrlees, the future Nobel laureate. He served as the first Research Director of the Institute for Fiscal Studies, founded the consultancy London Economics in 1986, and in 1996 became the founding Dean of Oxford's Saïd Business School. He was also the first Professor of Management to be elected a Fellow of the British Academy. He has served as a member of the Council of Economic Advisers to the First Minister of Scotland (2007–2011) and chaired the Kay Review of UK Equity Markets and Long-Term Decision Making, which reported to the British government in 2012. Following the United Kingdom's vote to leave the European Union, he was appointed to the Standing Council on Scotland and Europe.Kay is the author of many influential books, including Foundations of Corporate Success (1993), The Truth About Markets (2003) — named Politics Book of the Year in 2005 — Obliquity (2010), The Long and the Short of It (2009, revised 2016), and Other People's Money (2015), which won the Saltire Prize and was shortlisted for the Orwell Prize for Political Writing. His more recent works include Radical Uncertainty (2020, with former Bank of England Governor Mervyn King), Greed is Dead (2020, with Paul Collier), and his latest book, The Corporation in the 21st Century (2024), which examines how the modern corporation has been transformed by globalisation, financialisation and the rise of intangible assets.A regular Financial Times columnist for nearly three decades, Kay received the Senior Wincott Award for Financial Journalism in 2011. He was elected a Fellow of the British Academy (1997), the Royal Society of Edinburgh (2008) and the Academy of Social Sciences (2016). He was appointed Commander of the Order of the British Empire (CBE) in 2014 for services to economics and was knighted in the 2021 Birthday Honours for services to economics, finance and business.Jiří Zatloukal, financial journalist at Seznam Zprávy and contributor of PFI Talks, talked with John Kay.

Today on the show, President Trump is back from two days of high-level talks in China. Matt Pottinger, the deputy national security advisor in the first Trump administration, and Jessica Chen Weiss, professor of China Studies at Johns Hopkins School of Advanced International Studies, join the show to discuss the summit and what it means for Taiwan. Next, Fareed speaks with Jason Furman, professor at Harvard Kennedy School and former chair of the Council of Economic Advisers under President Obama. They discuss why the stock market continues to rise even while inflation spikes in the midst of the Iran war, and what Furman expects from new Fed Chair Kevin Warsh. Finally, a recent poll shows 70% of American adults under the age of 50 now hold an unfavorable view of Israel. Fareed discusses with Israeli-American historian Omer Bartov who has a new book out, “Israel: What Went Wrong.” GUESTS: Jessica Chen Weiss (@jessicacweiss), Matt Pottinger, Jason Furman (@jasonfurman), Omer Bartov (@bartov_omer) Learn more about your ad choices. Visit podcastchoices.com/adchoices

Matt Weinzierl is Senior Associate Dean for Faculty Research and Development at Harvard Business School, where he is the Joseph and Jacqueline Elbling Professor of Business Administration in the Business, Government, and the International Economy Unit, and a Research Associate at the National Bureau of Economic Research. From 2022 through 2025, he served as Faculty Chair of the MBA Program at HBS, where he also teaches courses on economic policy and the space sector. His research focuses on the optimal design of economic policy, in particular taxation, with an emphasis on better understanding the philosophical principles underlying policy choices, and on the commercialization of the space sector and its economic implications. Prior to completing his PhD in economics at Harvard University in 2008, Professor Weinzierl served as the Staff Economist for Macroeconomics on the President's Council of Economic Advisers and worked in the New York office of McKinsey & Company.  Professor Weinzierl has written on a range of topics in optimal taxation and optimal economic policy more generally. His work in Positive Optimal Tax Theory has focused on identifying and formalizing the goals for tax policy that hold sway among the public, political and economic leaders, and leading tax thinkers, and then characterizing the implications of using those objectives in the analysis of optimal taxation.Professor Weinzierl currently serves as Senior Associate Dean for Faculty Development and Research. He previously served as Senior Associate Dean, Chair of the MBA Program and as Chair of the MBA Required Curriculum (RC). Prior to those positions, he was the coursehead for Business, Government, and the International Economy (BGIE), an RC course, and Chair of MBA Community Standards and the Conduct Review Board at HBS. He has created and currently teaches two courses in the Elective Curriculum: The Role of Government in Market Economies (RoGME) and Space, Public and Commercial Economics (SPACE).Space to Grow: Unlocking the Final Economic Frontierhttps://shorturl.at/5W1QU

Our guest on the podcast today is Claudia Sahm. Claudia is chief economist at New Century Advisors, the founder of Sahm Consulting, and a regular contributor at Bloomberg Opinion. She has policy and research expertise in macroeconomics, consumer spending, and household finance. She created the Sahm rule, an automatic trigger for stimulus payments in recessions. Previously, she was a section chief at the Federal Reserve, where she oversaw the Survey of Household Economics and Decisionmaking. Before that, she worked for 10 years on the staff's macroeconomic forecast. She was a senior economist at the Council of Economic Advisers. She holds a Ph.D. in economics from the University of Michigan and a bachelor's degree in economics, political science, and German from Denison University. Episode Highlights 00:00:00 Lessons From the Fed During the Global Financial Crisis 00:04:56 Making Sense of Fed-Speak 00:09:29 The “Whiplash Economy” and Understanding Risk 00:14:21 Rising Gas Prices, Geopolitical Uncertainty, and Consumer Sentiment 00:18:03 Interest Rates, AI, and Fed Leadership Changes 00:29:48 Undoing the Effects of Trump's Tariffs 00:33:34 The Sahm Rule and Recession Risk Today 00:43:56 Costs of Underfunding US Economic Data 00:49:57 “Economics Is a Disgrace” More From Morningstar Risk, Not Volatility, Is the Real Enemy for Investors Michael Gates: Why More Advisors Are Migrating to Model Portfolios Q2 Market Outlook: Why a Stock Barbell Strategy Is Ideal for Today's Market If you have a comment or a guest idea, please email us at TheLongView@Morningstar.com. Follow Christine Benz (@christine_benz) and Ben Johnson (@MstarBenJohnson) on X, and Christine Benz, Amy Arnott, and Ben Johnson on LinkedIn. Visit Morningstar.com for new research and insights from Christine, Ben, and Amy. Subscribe to Christine's weekly newsletter, Improving Your Finances. If you want more Morningstar podcasts, check out The Morning Filter and Investing Insights. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

this episode explores an economic framework from the White House Council of Economic Advisers to evaluate how artificial intelligence may reshape the American labor market. By analyzing specific job tasks, the report distinguishes between high AI exposure, which may lead to worker augmentation, and AI vulnerability, where low task complexity increases the risk of displacement. Research suggests that highly educated and high-earning professionals often possess the complex skills necessary to use AI as a complementary tool. In contrast, workers in administrative and transportation roles may face greater instability due to lower performance requirements. The analysis also identifies demographic disparities, noting that women and older workers are more likely to hold positions characterized by high vulnerability. Ultimately, the report advocates for proactive policy and expanded safety nets to ensure that the economic rewards of AI are distributed equitably across the workforce.

Three times since the 1970s, global imbalances have grown large. In the 1980s, the US trade deficit ballooned under Volcker's tight money and Reagan's tax cuts and military spending. In the 2000s, a global savings glut and then a US housing credit boom pushed the deficit to 6% of GDP. Today, the imbalances are back. The US current account deficit stood at 3.9% of GDP in 2025. The policy medicine this time: tariffs.Maurice Obstfeld of the Peterson Institute for International Economics and CEPR has written a chapter in the fourth Paris Report, published jointly by CEPR and Bruegel, examining that history, how policymakers responded, and what it can tell us about the effectiveness of policy remedies in 2026. He tell Tim Phillips that blaming foreigners misdiagnoses the problem if the US saves too little and invests heavily. The gap has to be financed from abroad. Good policy for the new global imbalances would requires three actors to move together: fiscal consolidation in the US, stronger consumption in China, and more investment in Europe. All three would benefit, none are close to doing it. The longer the can is kicked, Obstfeld warns, the greater the risk that the resolution arrives the way it always has: not through policy, but through crisis.The report discussed in this series of episodes:Rey, Hélène, Beatrice Weder di Mauro, and Jeromin Zettelmeyer (eds). 2026. The New Global Imbalances. Paris Report 4. CEPR Press and Bruegel. Free to download at cepr.org.The chapter discussed in this episode:Obstfeld, Maurice. 2026. "Global imbalances redux." In Rey, Weder di Mauro, and Zettelmeyer (eds), The New Global Imbalances. Paris Report 4. CEPR Press and Bruegel.To cite this episode:Phillips, Tim, and Maurice Obstfeld. 2026. “Global imballances redux”, VoxTalks Economics (podcast). Assign this as extra listening. The citation above is formatted and ready for a reading list or VLE.About Paris Report 4The fourth Paris Report, The New Global Imbalances, is a joint publication of CEPR and Bruegel. It was edited by Hélène Rey (London Business School and CEPR), Beatrice Weder di Mauro (Geneva Graduate Institute and CEPR, and President of CEPR), and Jeromin Zettelmeyer (Bruegel and CEPR). The report examines how, in a high-debt and fragmented world, excess savings, rising surpluses, and rising deficits pose a risk to stability and undermine the global trading system. It is free to download at cepr.org.About the guestMaurice Obstfeld is Senior Fellow at the Peterson Institute for International Economics and a Research Fellow of CEPR. He served as Chief Economist of the International Monetary Fund from 2015 to 2018. His research spans international finance, exchange rate economics, and macroeconomic policy. He is a former member of the Council of Economic Advisers under President Obama.Research cited in this episodeThe Plaza Accord (1985) was a joint agreement between the US, West Germany, France, the United Kingdom, and Japan to intervene in foreign exchange markets to depreciate the US dollar. It was negotiated because a surging dollar, driven by Volcker's tight monetary policy and the Reagan fiscal expansion, had pushed the US current account deficit to then-unprecedented levels and created severe competitive pressure on US manufacturing. The accord moved the dollar, but did not resolve the underlying imbalances; those were corrected by German reunification and the Japanese asset bubble, which were not planned by anyone.The Louvre Accord (1987) was a follow-up agreement among the same countries to stabilise the dollar once it had depreciated far enough. Obstfeld uses both episodes to illustrate that exchange rate agreements address the symptom, not the cause, and tend to sidestep the hard political decisions about fiscal policy.The global savings glut hypothesis, associated with Ben Bernanke, holds that rising savings outside the US in the early 2000s, particularly from Asian economies building dollar reserves after the Asian financial crisis and from oil exporters, depressed global interest rates and drove capital into US assets. Obstfeld argues that from around 2002 onward the better explanation is US demand pulling capital in: loose Fed policy, the housing boom, subprime lending, and equity extraction from rising home values all drove US spending higher, and the current account deteriorated as the dollar fell rather than rose.The One Big Beautiful Bill Act is US tax legislation that prevents the expiration of tax cuts that had been written into law, effectively delivering a tax reduction. Obstfeld points out that by lowering national saving it pushes the current account in the opposite direction to what the administration wants, partly undoing whatever modest deficit-reducing effect the tariffs might have through their revenue.The Draghi report and the Letta report are European policy documents calling for deeper integration, more investment, improved competitiveness, and a completion of the EU's capital markets and banking unions. Obstfeld cites them as pointing in the right direction for reducing Europe's current account surplus, alongside the defence spending increases that European countries are now pursuing.More VoxTalks Economics episodesThis episode is the first of two published simultaneously to mark the launch of Paris Report 4. In the second episode, Gilles Moëc, Chief Economist at AXA, explains why the US government is so keen to promote stablecoins and the risks they may pose to the financial system in the US and Europe.For an interview with two of the report's editors, Beatrice Weder di Mauro and Jeromin Zettelmeyer, on the problem of global imbalances, listen to The Sound of Economics, Bruegel's podcast. Available at bruegel.org.

What does it really take to raise children who are confident, compassionate, resilient, and deeply connected to who they are?In this episode of Mirror Talk: Soulful Conversations, we sit down with Margot Machol Bisnow, former FTC Commissioner and author of Raising an Entrepreneur, to explore what parents can do to nurture passion, courage, creativity, and emotional wholeness in their children.Drawing from the stories of 99 families, Margot shares what successful young entrepreneurs often had in common growing up, why so many children feel disconnected from their true passions, and how parents can create the kind of home environment where joy, resilience, and purpose can flourish.This conversation is not just about raising entrepreneurs. It is about raising whole people.Chapters00:00 Introduction to Margot Bisnow and her journey from public service to parenting advocacy02:00 The common thread among families who raised entrepreneurial children03:45 How belief and support shape courage in adulthood05:07 What creating space for a child's passion looks like today06:26 Why overprotection can limit growth and resilience10:20 Surprising patterns Margot noticed while researching families13:01 Why you cannot force a child to become an entrepreneur14:12 Lessons from families who supported bold and unconventional dreams15:14 The importance of noticing what gives your child joy19:17 Parenting through fear of instability and nontraditional careers22:48 How kindness, gratitude, creativity, and love shape parenting28:52 What it means to raise a well-rounded, purpose-driven child31:24 Supporting children as unique individuals32:40 How to connect with Margot Machol BisnowAbout Margot Machol BisnowMargot Machol Bisnow spent 20 years in government, including serving as an FTC Commissioner and staff director of the President's Council of Economic Advisers. Over the last decade, she has focused on helping parents raise creative, confident, and resilient children who can pursue meaningful lives. She is the author of Raising an Entrepreneur: How to Help Your Children Achieve Their Dreams - 99 Stories from Families Who Did.Resources and LinksMargot Machol Bisnow: raisinganentrepreneur.comBook: Raising an Entrepreneur: How to Help Your Children Achieve Their DreamsMusic from MAGIC GIANT: magicgiant.comFinal ReflectionIf you have ever wondered how to raise a child who is not just successful, but grounded, joyful, and fully alive, this conversation will speak to you. Margot reminds us that the greatest gift we can give children is not pressure, perfection, or control, but the freedom and support to become who they truly are.Listen, reflect, and share this episode with a parent, mentor, teacher, or anyone shaping the next generation.Ask what is on your heart. Mirror Talk will reflect back what may help you see more clearly. Try it here: https://mirrortalkpodcast.com/ask-mirror-talk/Thank you for joining me on this MIRROR TALK podcast journey. Please subscribe to any platform and remember to leave a review and rating.Stay connected: https://linktr.ee/mirrortalkpodcast More inspiring episodes and show notes are here: https://mirrortalkpodcast.com/podcast-episodes/ Your opinions, thoughts, suggestions, and comments are important to us. Please share them here: https://mirrortalkpodcast.com/your-opinion-matters/ Could you support us by becoming a Patreon? Please consider subscribing to one or more of our offerings at http://patreon.com/MirrorTalk All proceeds will help enhance the quality of our work and outreach, enabling us to serve you better.We use and trust these podcasting tools, software, and gear. We've partnered with amazing platforms to give our Mirror Talk community exclusive deals and discounts: https://mirrortalkpodcast.com/best-podcasting-tools/

Hear Carmel Crimmins live from New York with A Starting Point's (ASP) Chris Evans and Mark Kassen as they examine the ways Gen Z has been hit by the cost of living crisis and look for solutions. Watch as NYC council member Chi Ossé and Aaron Hedlund from the White House Council of Economic Advisers join them on stage for a bipartisan discussion of how young people are affected by the affordability gap. Sign up for the ⁠Reuters Econ World ⁠⁠⁠newsletter⁠⁠⁠ Catch Reuters Morning Bid ⁠here⁠ For information on our privacy and data protection practices visit the Thomson Reuters Privacy Statement. Learn more about your ad choices. Visit megaphone.fm/adchoices Further listening Trump's economy — Live from New York Is the U.S. economy in danger of contracting? Labor market limbo Learn more about your ad choices. Visit megaphone.fm/adchoices

Dr. Tyler Goodspeed chaired the White House Council of Economic Advisers from 202-21. During his tenure on the council, he also chaired the Economic Policy Committee at the Organisation for Economic Co-operation and Development (OECD). From 2021 through 2023, Tyler was a Director and Chief Economist at Greenmantle, a New York and London-based macroeconomic and geopolitical consulting firm. The author of four books on economic history, Tyler holds a PhD in economics from Cambridge University and a PhD in history from Harvard University, He is currently a Senior Fellow at the Adam Smith Institute in London and a member of the Geoeconomic Council of Advisers at the Center for Strategic and International Studies.   All views are his own and not any of the organisations he is affiliated with.  In this podcast, we discuss: The "Boom-Bust" Myth  Recessions as "Apophonies" Expansions Do Not Die of Old Age Policy Hubris The 1785 Structural Break Supply Shocks as Choke Points Misnaming the 2001 Recession The 2008 Energy and Mortgage Intersection Impairment of Creative Destruction Fidelity to Long-Run Trends 

We have been telling ourselves the wrong story about recessions for four centuries. And the consequences of that error are bigger than you might think.Dr. Tyler Goodspeed, former chair of the White House Council of Economic Advisers and author of the new book Recession, joins CapX editor Marc Sidwell to dismantle one of the most seductive myths in economics: that booms cause busts. Drawing on 132 recessions spanning four centuries of British and American history, Goodspeed makes a forensic and devastating case that economic expansions don't die of natural causes — they are murdered by shocks that nobody saw coming and nobody could have hedged against.Yield curve inversions, inventory cycles, towering skylines, the ghost of Kondratiev — none of it actually predicts the next downturn. We are, Goodspeed argues, pattern-seeking mammals in a world that doesn't always offer patterns, and our hunger for moral narratives — the roaring twenties, the reckless bankers, the inevitable correction — tells us more about human psychology than it does about economic reality.Despite our current gloom, recessions are actually getting rarer. But the greatest threat to long-run prosperity may not be the downturns themselves, but the paralysing stories we tell about them.Stay informed with CapX's unmissable daily briefings from the heart of Westminster. Go to capx.co to subscribe. Hosted on Acast. See acast.com/privacy for more information.

Top Iranian clerics have picked Mojtaba Khamenei as the country's next Supreme Leader. He is the son of slain leader Ayotallah Ali Khameni and is known for sharing his father's hardline stance. It is a choice that both the US and Israel have said they won't accept. Gideon Sa'ar is Israel's Foreign Minister and he joined the show to react.  Also on today's show: CNN's Fred Pleitgen interviews former Iranian Foreign Minister Kamal Kharazi; Jason Furman, Former Chairman of the Council of Economic Advisers; Debbie Wei Mullin, Founder, Copper Cow Coffee & Sarah LaFleur, Founder and CEO, M.M. LaFleur  Learn more about your ad choices. Visit podcastchoices.com/adchoices

Markets respond to fast moving geopolitical headlines and fresh swings in energy. Oil dominates the market conversation. Pippa Stevens tracks price moves while Helima Croft, Global Head of Commodity Strategy at RBC Capital Markets, breaks down supply risks, geopolitical crosscurrents and what it would take for crude to move higher or stabilize. Matt Stucky of Northwestern Mutual Wealth Management and Anastasia Amoroso of Partners Group assess the broader market setup and debate how investors should position amid volatility. Earnings from HPE add another data point for tech. Jason Furman, former Chair of the Council of Economic Advisers, weighs in on the Fed and the economic outlook. Dan Levy of Barclays explains how higher oil prices could ripple through the auto sector. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Ukraine will emerge from this war with enormous debt. The conventional wisdom treats that as an obstacle: investors weigh it before committing capital, and the burden slows the recovery before it starts. Yuriy Gorodnichenko and Maurice Obstfeld of UC Berkeley argue the opposite. A thorough restructuring of Ukraine's war debts – including, for sufficiently large obligations, outright forgiveness – is not just politically defensible but economically essential for attracting private investment. The bill for rebuilding and growing Ukraine, Gorodnichenko estimates, is $40 billion a year: $20 billion to replace destroyed capital, $10 billion to stop Ukraine falling behind its Eastern European peers, and $10 billion to start closing the gap. Put that figure next to what Poland absorbed in FDI during its post-communist transition, or the €200 billion of Russian state assets currently immobilised in Euroclear, or the budgetary support Ukraine has been receiving since 2022 – and it looks achievable. The harder challenge, they argue, is not raising $40 billion. It is directing it: towards investment rather than consumption. Ukraine didn't grow in the post-Soviet era at the rate that its neighbours achieved. EU accession momentum and secure borders can be a signal to investors that this time the trajectory will be different.The research behind this episode:Gorodnichenko, Yuriy, and Maurice Obstfeld. 2026. "You Only Live Twice: Financial Inflows and Growth in a Westward-Facing Ukraine." Economic Policy: Papers on European and Global Issues, special issue: "What's Next for Ukraine?"To cite this episode:Phillips, Tim. 2025. "You Only Live Twice: Financial Inflows and Growth in a Westward-Facing Ukraine." Economic Policy: Papers on European and Global Issues (podcast).Assign this as extra listening — the citation above is formatted and ready for a reading list or VLE.About the guestsYuriy Gorodnichenko is a CEPR Research Fellow and Professor of Economics at the University of California, Berkeley, where he leads CEPR's Ukraine Initiative. His research spans monetary policy, fiscal policy, and the macroeconomics of growth and business cycles.Maurice Obstfeld is a CEPR Distinguished Fellow and Class of 1958 Professor of Economics at the University of California, Berkeley. He served as Chief Economist of the International Monetary Fund from 2015 to 2018, and as a member of the Council of Economic Advisers under President Obama from 2014 to 2015. He is also a Fellow of the Econometric Society and the American Academy of Arts and Sciences.Research cited in this episodeThe discussion of debt overhang draws on a body of work from the 1980s developing-country debt crises, notably the insight that for sufficiently indebted countries, debt reduction can increase the expected value of what creditors recover. Gorodnichenko and Obstfeld apply this framework directly to Ukraine's war debts, arguing that deep restructuring – supported by bilateral official creditors, many of whom are European – is a prerequisite for private investment to follow.The €200 billion figure for immobilised Russian central bank assets held at Euroclear is the basis for Obstfeld's proposal of a reparations loan that would give Ukraine immediate access to large-scale resources, with repayment contingent on Russian reparations. This is discussed in more detail in the related reading below.More in the "What's Next for Ukraine?" seriesThis episode is the first in a three-part series based on papers presented at the inaugural Economic Policy winter conference, Paris, December 2025. Episodes 2 and 3, on rebuilding and the labour market, are forthcoming.Related reading on VoxEUYou only live twice: A growth strategy for Ukraine — Gorodnichenko and Obstfeld's own VoxEU column summarising the key arguments in this paper: why $40 billion a year is achievable, what the policy levers are, and why the window matters.Euroclear and the geopolitics of immobilised Russian assets — The legal and financial context behind the €200 billion of Russian central bank assets frozen at Euroclear, and what it would take to use them for a reparations loan to Ukraine.Using the returns of frozen Russian assets to finance the victory of Ukraine — A VoxEU proposal for channelling the interest income generated by frozen Russian assets to finance Ukraine's needs, without requiring the more politically contested step of confiscating the assets themselves.Ukraine's recovery challenge — An earlier VoxEU overview of the reconstruction task: the scale of damage, the role of EU accession, and the two-phase approach to restoring growth.

Particulate matter is, Michael Greenstone argues, the greatest public health threat on the planet. Worse than HIV, cigarettes, and alcohol. The average person  loses about two years of life expectancy to it. In India, the figure is three and a half years. The solution to this problem has been tested, and it works, at least in high-income countries.Greenstone and his co-authors ran a randomised controlled trial in Surat, Gujarat: from 300 industrial plants, mostly making textiles, all burning coal, half were randomly assigned to a market where pollution permits could be bought and sold. The results: in the market, pollution fell 25%, compliance was near-perfect, and abatement costs dropped 12%. The cost-benefit ratio is as high as 200 to one. Many plants in the control group asked to be moved into the market.The research behind this episode:Greenstone, Michael, Rohini Pande, Nicholas Ryan, and Anant Sudarshan. 2025. "Can Pollution Markets Work in Developing Countries? Experimental Evidence from India." Quarterly Journal of Economics 140 (2): 1003–1060. An ungated version is available as BFI Working Paper 2025-53.To cite this episode:Phillips, Tim. 2025. "Can Pollution Markets Work in Developing Countries?" VoxDev Talk (podcast).  Assign this as extra listening: the citation above is formatted and ready for a reading list or VLE.About Michael GreenstoneMichael Greenstone is the Milton Friedman Distinguished Service Professor in Economics at the University of Chicago, where he is the founding Director of the Energy Policy Institute at Chicago (EPIC) and the Institute for Climate and Sustainable Growth. His research focuses on the costs and benefits of environmental quality, including the Air Quality Life Index, which tracks the toll of particulate pollution country by country. He previously served as Chief Economist for the President's Council of Economic Advisers under President Obama. Research cited in this episodeAir Quality Life Index (AQLI), Energy Policy Institute at Chicago. The source of the life-expectancy statistics used in this episode: particulate pollution costs the average person on Earth roughly two years of life expectancy, with India averaging three and a half years. The index tracks this burden country by country, city by city.The US sulphur dioxide cap-and-trade programme, established under the 1990 Clean Air Act Amendments, was the canonical precedent Greenstone cited: a market that dramatically reduced acid rain in the eastern United States at costs far below pre-programme projections. He noted that the UK and EU have since built comparable CO2 markets. All have worked well. The question this experiment addressed was whether the same logic held in the developing world, where almost all the pollution now is.Emissions Market Accelerator. An independent scale-up organisation founded by Greenstone and colleagues to replicate the Gujarat model beyond the original research setting. Current pipeline: a statewide sulphur dioxide market for Maharashtra (including large power plants, not just textiles), and advanced conversations in Pakistan and Brazil. Within Gujarat, a water pollution market is also in development.More VoxDev Talks on this topicRegulating pollution in low- and middle-income countries Rohini Pande and Nicholas Ryan, two co-authors of the paper discussed in this episode, on the political economy of pollution regulation in developing countries: why enforcement is hard, and what makes it work.Air pollution and infant mortality Jennifer Burney on the health costs of particulate air pollution for young children, and what the evidence from Saharan dust patterns across Sub-Saharan Africa reveals about exposure and mortality.The Social Cost of Carbon Michael Greenstone's earlier VoxDev Talk, on how assigning a monetary value to carbon emissions can drive better policy decisions and make the case for action that regulation alone struggles to make.Related reading on VoxDevReducing air pollution: Evidence from payments to reduce crop burning in India How cash payments to farmers in northern India changed behaviour and cut the seasonal haze from crop fires that pushes Delhi's air quality to its worst each winter.Paying to pollute: How carbon offsets actually raised emissions in China A cautionary study on market-based pollution controls: when incentives point the wrong way, a market can make things worse rather than better.The effect of pollution on worker productivity: Evidence from call-centre workers in China Air pollution reduces cognitive performance and output, adding an economic productivity argument to the health case for cleaning the air.

Former chairman of the Council of Economic Advisers, Jared Bernstein, and housing maven, Jim Parrott, join Mark and Cris to drink from today's fire hose of events, including the SCOTUS decision striking down President Trump's reciprocal tariffs to the 4th quarter GDP numbers. The conversation turns to how well the economy is performing through the prism of AI, housing, and jobs. It's a veritable econ nerdfest. Guest: Jared Bernstein, Former Chair of the Council of Economic Advisers For more from Jared Bernstein, click here: https://econjared.substack.com/ Guest: Jim Parrott, Nonresident Fellow at the Urban Institute For more from Jim Parrott, click here: https://www.urban.org/author/jim-parrott Hosts: Mark Zandi – Chief Economist, Moody's Analytics, Cris deRitis – Deputy Chief Economist, Moody's Analytics, and Marisa DiNatale – Senior Director - Head of Global Forecasting, Moody's Analytics Follow Mark Zandi on 'X' and BlueSky @MarkZandi, Cris deRitis on LinkedIn, and Marisa DiNatale on LinkedIn Questions or Comments, please email us at helpeconomy@moodys.com. We would love to hear from you. To stay informed and follow the insights of Moody's Analytics economists, visit Economic View. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Self Created Valuation Boosts Apple Announces new Podcast push AI – A breakdown Playing them like a fiddle – Warner Brothers PLUS we are now on Spotify and Amazon Music/Podcasts! Click HERE for Show Notes and Links DHUnplugged is now streaming live - with listener chat. Click on link on the right sidebar. Love the Show? Then how about a Donation? Follow John C. Dvorak on Twitter Follow Andrew Horowitz on Twitter Warm-Up - A NEW CTP just announced - China releasing new AI models - AI - A breakdown - we are on overload - Big Employment news.... Markets - Self Created Valuation Boosts - Apple Announces new Podcast push - Playing them like a fiddle - Warner Brothers Quick Note - Going to rip up the playbook on something this week on TDI Podcast. Anyone who owns an annuity should listen to what is about to come on next Sundays show.....  No Agenda... Olympics - Anything to discuss? MONEY FOR ALL - The average tax refund is 10.9% higher so far this season, compared to about the same point in 2025, according to early filing data from the IRS. - The 2026 tax season opened Jan. 26, and the average refund amount was $2,290 as of Feb. 6, up from $2,065 about one year prior, the IRS reported Friday night. - As of Feb. 6, the total amount refunded was more than $16.9 billion, up 1.9% compared to last year, according to the IRS release. That figure reflects current-year returns only. - This is partly because there were excess-witholdings from last year on the rules changed and paycheck withholdings were not adjusted. This is a one time situation.. Emplyment - 4.3% - "Better" than expected payrolls number - A major revision was released last Wednesday. Overall 2025 job growth was much weaker than initially reported. The total net change for the full year 2025 was revised down from +584,000 jobs to just +181,000 jobs (seasonally adjusted) — an average of only about 15,000 jobs added per month instead of ~49,000. This made 2025 one of the weakest years for job creation in recent non-recession periods. - Employment levels were consistently overstated throughout 2025 by roughly 800,000 to over 1 million jobs, peaking around mid-year. For example: By March 2025, the level was revised down by 898,000. By December 2025 (preliminary), down by 1,029,000. - Monthly changes were also adjusted downward in most cases (e.g., August's originally reported -26,000 became a larger loss of -70,000; September's +108,000 became +76,000). - The revisions reflect normal annual benchmarking, but this one was unusually large (larger than the typical 0.2% average over the prior decade), likely due to factors like overestimation of business births or other data mismatches. - In short, the data reveals that the U.S. labor market in 2025 was significantly softer than the monthly headlines suggested at the time — job growth was overstated by a substantial margin, painting a picture of a much weaker employment picture for the year. AI Updates - While U.S. markets have been focused on the impact of Anthropic and Altruist's tools on software and financial services, China's tech giants have released AI models this week that have shown advancements in robotics and video generation. - Google is reporting that China's AI models are just MONTHS behind western models - However - is this progress? In a video demo, Alibaba showed a robot with pincers for hands that appeared to be able to count oranges, pick them up and place them in a basket. It was also shown taking milk out of a fridge. - Alibaba on Monday unveiled a new artificial intelligence model Qwen 3.5 designed to execute complex tasks independently, with big improvements in performance and cost that the Chinese tech giant claims beat major U.S. rival models on several benchmarks. - Zhipu AI — which trades as Knowledge Atlas Technology in Hong Kong said the model approaches Anthropic's Claude Opus 4.5 in coding benchmarks while surpassing Google's Gemini 3 Pro on some tests. - Shares of MiniMax also jumped Thursday after it launched its updated M2.5 open-source model with enhanced AI agent tools. Grok Update - Grok, Elon Musk's AI chatbot, has been gaining ground in the U.S. over the past months, data showed, even as it draws global censure and regulatory scrutiny after being used to generate a wave of non-consensual sexualized images of women and minors. - U.S. market share of the tool rose to 17.8% last month from 14% in December, and 1.9% in January 2025, according to data from research firm Apptopia. - Men are still the largest % users of Grok ~ 78% (down from 89% in April 2025) AI Market Share - ChatGPT's share slumped to 52.9% last month from 80.9% in January last year, while Gemini's grew to 29.4% from 17.3% over the same period. AI Market Share InfoGrapic and AI Understanding - Have we gone through this? - At its core, AI is technology that lets machines perform tasks that normally require human intelligence — things like understanding language, recognizing images, making decisions, or solving problems. - Modern AI (especially since ~2022) is dominated by machine learning — systems that learn patterns from huge amounts of data instead of being explicitly programmed rule-by-rule. - Inference is the "using" or "applying" phase of AI — when a trained model takes new input and produces an output / prediction / answer. Contrast with training (the "learning" phase): ------ Training ? Like a student studying for years: very compute-heavy, expensive, done once (or rarely) on massive servers/GPUs, adjusts billions of parameters based on examples. ------ Inference ? Like the student taking a test or doing their job: much faster, cheaper, runs on your phone/laptop/cloud, uses the fixed knowledge from training to respond instantly. - gentic AI takes regular AI (like chat models) to the next level: instead of just answering questions or generating text, these systems act autonomously to achieve goals with minimal human help. "Agentic" comes from "agency" — the ability to make decisions, plan, use tools, take actions, adapt, and even learn from results — like a smart digital employee rather than just a smart answer machine. AI Infographic Last AI Item - A shortage of memory chips is hammering profits, derailing corporate plans, and inflating price tags on various products, with the crunch expected to get worse. - The fundamental reason for the squeeze is the buildout of AI data centers, with companies like Alphabet and OpenAI buying up large shares of memory chip production, leaving consumer electronics producers fighting over a dwindling supply. - The resulting price spikes are causing concern, with some warning of "RAMmageddon" and others predicting that memory chip prices will go "parabolic", bringing lavish profits to some companies but painful prices to the rest of the electronics sector. Here is something: - Gallup will no longer track presidential approval ratings after nearly 90 years - Founded by George Gallup in 1935, the Washington, DC-based management company began tracking the president's job performance 88 years ago. - Gallup told USA TODAY it will no longer publish "favorability ratings of political figures," a decision it said "reflects an evolution in how Gallup focuses its public research and thought leadership." - Gallup said the ratings are now "widely produced, aggregated and interpreted, and no longer represent an area where Gallup can make its most distinctive contribution." - "Our commitment is to long-term, methodologically sound research on issues and conditions that shape people's lives," the company wrote, adding that its work will continue through the Gallup Poll Social Series, the Gallup Quarterly Business Review, the World Poll and more. - Seems like they are unable to SHAPE opinion due to social media etc.....? Apple Podcast Update - Big news! - Apple on Monday announced that it will bring a new integrated video podcast experience to Apple Podcasts this spring. - The move comes as video viewership continues to reshape podcasting. About 37% of people over age 12 watch video podcasts monthly, according to Edison Research. - The update brings Apple Podcasts more in-line with its competitors Spotify, YouTube and now Netflix, which have increasingly leaned into video podcasting. -“Twenty years ago, Apple helped take podcasting mainstream by adding podcasts to iTunes, and more than a decade ago, we introduced the dedicated Apple Podcasts app,” said Eddy Cue, Apple's senior vice president of Services, in a statement. “ - By bringing a category-leading video experience to Apple Podcasts, we're putting creators in full control of their content and how they build their businesses, while making it easier than ever for audiences to listen to or watch podcasts.” M&A - Texas Instruments Inc. has reached an agreement to buy Silicon Laboratories Inc. for about $7.5 billion, deepening its exposure to several markets for chips. - Silicon Labs investors will receive $231 in cash for each share of the company's common stock and the transaction is expected to close in the first half of 2027. - The transaction still needs to win approval by investors in Silicon Labs and shares of Silicon Labs surged by 51% to $206.48 after the announcement. Inflation - This helps - PepsiCo, will cut prices on core brands such as Lay's and Doritos by up to 15% following a consumer backlash against several previous price hikes, the snacks and beverage maker said on Tuesday after it topped fourth-quarter results. Miran - Moving - Federal Reserve Governor Stephen Miran is leaving his post as chair of the Council of Economic Advisers, CNBC has confirmed. - He joined the CEA in January 2025, but had been on leave from that post since last September when he filled the unexpired term of former Fed Governor Adriana Kugler.- He reamins on Fed board No Biggie???? - There are some astonishing cased being reported of Bad AI in the operating room - JNJ's TruDi Navigation System - Since AI was added to the device, the FDA has received unconfirmed reports of at least 100 malfunctions and adverse events. - At least 10 people were injured between late 2021 and November 2025, according to the reports. Most allegedly involved errors in which the TruDi Navigation System misinformed surgeons about the location of their instruments while they were using them inside patients' heads during operations. - Cerebrospinal fluid reportedly leaked from one patient's nose. In another reported case, a surgeon mistakenly punctured the base of a patient's skull. In two other cases, patients each allegedly suffered strokes after a major artery was accidentally injured. Cuba - The main airport has putt out a bulletin that they are out of Jet Fuel - Blackouts and lack of other fuels are creating big problems - No airlines have stopped running at this point, but many will as they cannot refuel - This is a bigger problem for cargo planes (supplies) that may not be able to risk flying to Cuba as they will not be able to get out. Dalio Warning -  Legendary investor Ray Dalio said on Tuesday the world was “on the brink” of a capital war. - He said central banks and sovereign wealth funds were already preparing for measures like foreign exchange and capital controls. - "When money is weaponized using measures like trade embargoes, blocking access to capital markets, or using ownership of debt as leverage." - “Capital, money, matters,” Dalio said Tuesday. “We're seeing capital controls … taking place all over the world today, and who will experience that is questionable. So, we are on the brink — that doesn't mean we are in [a capital war now], but it means that it's a logical concern.” - Could this be why gold and siver are being hoarded (physical assets over digital currency? - Is China's edict to banks to diversify away from US Treasuries a sign? Self Boosted Valuation - Waymo is aiming to raise about $16 billion in a financing-round that would value it at nearly $110 billion, Bloomberg News reported, citing people familiar with the matter. - Alphabet would provide about $13 billion to the autonomous driving firm while the rest would come from investors including Sequoia Capital, DST Global and Dragoneer Investment Group, the report added. - Soooooo - Waymo is a unit of Alphabet.... Alphabet providing 80% of the funding that boosts valuations..... Hmmmmmmmm Warner Brothers -  Warner Bros Discovery Inc is considering reopening sale talks with Paramount Skydance Corp after receiving its amended offer. - The Warner Bros board is discussing whether Paramount could offer a path to a superior deal, which may ignite a second bidding war with Netflix Inc. - Paramount submitted amended terms that addressed several concerns, including covering a fee owed to Netflix and offering to backstop a Warner Bros debt refinancing. Economics Coming Up - Short Week - plenty of Reports - Wednesday - Durable Goods, Housing Starts, Industrial Production, FOMC Minutes - Thursday - Philly Fed, Initial Claims - Friday: PCE, Personal Income and Spending, GDP for Q4 (3.6%) ----- New Home Sales, UMich Feb Final   Love the Show? Then how about a Donation? ANNOUNCING THE THE CLOSEST TO THE PIN for CATERPILLAR Winners will be getting great stuff like the new "OFFICIAL" DHUnplugged Shirt!     FED AND CRYPTO LIMERICKS   See this week's stock picks HERE Follow John C. Dvorak on Twitter Follow Andrew Horowitz on Twitter

Stephen Grootes speaks to Dr Roelof Botha, Economic Adviser at Optimum Investment Group, about the Reserve Bank’s plan to scrap the prime rate and rename the repo rate as the main lending benchmark. The move aims to modernise interest rate policy and improve transparency for loans. Analysts warn the transition could affect borrowers and banks, requiring careful management to avoid disruption. The Money Show is a podcast hosted by well-known journalist and radio presenter, Stephen Grootes. He explores the latest economic trends, business developments, investment opportunities, and personal finance strategies. Each episode features engaging conversations with top newsmakers, industry experts, financial advisors, entrepreneurs, and politicians, offering you thought-provoking insights to navigate the ever-changing financial landscape.    Thank you for listening to a podcast from The Money Show Listen live Primedia+ weekdays from 18:00 and 20:00 (SA Time) to The Money Show with Stephen Grootes broadcast on 702 https://buff.ly/gk3y0Kj and CapeTalk https://buff.ly/NnFM3Nk For more from the show, go to https://buff.ly/7QpH0jY or find all the catch-up podcasts here https://buff.ly/PlhvUVe Subscribe to The Money Show Daily Newsletter and the Weekly Business Wrap here https://buff.ly/v5mfetc The Money Show is brought to you by Absa     Follow us on social media   702 on Facebook: https://www.facebook.com/TalkRadio702 702 on TikTok: https://www.tiktok.com/@talkradio702 702 on Instagram: https://www.instagram.com/talkradio702/ 702 on X: https://x.com/CapeTalk 702 on YouTube: https://www.youtube.com/@radio702   CapeTalk on Facebook: https://www.facebook.com/CapeTalk CapeTalk on TikTok: https://www.tiktok.com/@capetalk CapeTalk on Instagram: https://www.instagram.com/ CapeTalk on X: https://x.com/Radio702 CapeTalk on YouTube: https://www.youtube.com/@CapeTalk567 See omnystudio.com/listener for privacy information.

In this episode of the Shift AI Podcast, Casey Mulligan—former Chief Economist of the White House Council of Economic Advisers and current Chief Counsel for Advocacy at the U.S. Small Business Administration—joins Boaz Ashkenazy for a timely conversation on how AI is reshaping small businesses, regulation, and the broader labor market.Casey shares his path from University of Chicago professor to serving in two presidential administrations, where he introduced automated reasoning tools into economic policy work well before the rise of large language models. He explains how his office now uses AI to review thousands of federal regulations and ensure small business voices are represented in Washington.The discussion explores accelerating AI adoption among small firms, the recent surge in new business formation, and why smaller companies may benefit more from AI than large incumbents. Casey also addresses concerns about job displacement, drawing lessons from past waves of automation and outlining why he believes the long-term impact will be increased productivity and opportunity.The episode closes with a forward-looking perspective on education, entrepreneurship, and why the “human touch” will remain a critical advantage in the future of work.Chapters[00:00] From University of Chicago to the White House[03:05] Advocating for Small Businesses in Washington[07:29] AI and the Labor Market: Lessons from Economic History[12:14] The Startup Surge and Small Business Formation[13:48] Using AI Inside the Federal Government[17:20] Vibe Coding, APIs, and Custom Productivity Tools[18:07] Automated Reasoning and Microsoft's Z3[21:23] AI in Education and Learning[24:31] Two Words for the Future of Work: Human TouchConnect with Casey Bryant MulliganLinkedIn: https://www.linkedin.com/in/casey-bryant-mulligan/Connect with Boaz AshkenazyLinkedIn: https://www.linkedin.com/in/boazashkenazy/Email: info@shiftai.fm

Silver, Gold and Crypto (oh my) Hang on – Wild ride here Superbowl, Olympics- Wait until you hear about the CAPex spending! Shakeup in Dietville PLUS we are now on Spotify and Amazon Music/Podcasts! Click HERE for Show Notes and Links DHUnplugged is now streaming live - with listener chat. Click on link on the right sidebar. Love the Show? Then how about a Donation? Follow John C. Dvorak on Twitter Follow Andrew Horowitz on Twitter Interactive Brokers  Warm-Up - Silver, Gold and Crypto (oh my) - Need a stock for CTP - Hang on - Wild ride here - Superbowl, Olympics- Wait until you hear about the CAPex spending! - Shakeup in Dietville Markets - Massive moved during the week - - Bitcoin clipped $60k before rebounding - DJIA tops 50,000 for the first time - Wait until you hear about the CAPex spending! - CAT == 1,100 points on the DJIA in 2026 Superbowl and Superbowl ads - Game review - Any ad stick out? - $10M per ad this year - Half Time with Bad Bunny? - Anthropic busting on OpenAi Last Week! - Massive moved - quick calc showed that about $1T was wiped from market caps in the sell-off, particularly in tech names. - HOWEVER - Friday alone is estimated to have added $1.5T to market cap AI Ripping Through - Plenty of names getting cooked over AI announcements - First it was the software companies - Now there are names in legal and finance that got clocked - Today - Altruist.ai can do tax planning and that hurt companies in financial space Earnings Season Update - Reporting so far: 59% of S&P 500 companies have reported Q4 2025 results. - Beat rate: 76% have topped EPS estimates (vs. 5-yr average: 78% (slightly lower) vs. 10-yr average: 76% (in line) - Magnitude of beats (aggregate): earnings are 7.6% above estimates vs. 5-yr average: 7.7% (about the same) vs. 10-yr average: 7.0% (a bit better) - Nothing great,  like Goldilocks Earnings Highlights - Palantir (PLTR): Reported strong Q4 results early in the week , beating estimates with revenue ~$1.41B (vs. ~$1.33B expected) and EPS $0.25 (vs. $0.23). Guidance for 2026 was upbeat (~61% revenue growth). Shares rallied sharply initially (~7–11% post-earnings), but gave back some gains amid broader tech volatility (e.g., down ~11–22% in parts of the week from peaks). - AMD: Reported mid-week, beating EPS (~$1.53 vs. lower expectations) with solid data center growth (~39%). However, Q1 guidance disappointed relative to high expectations in the AI chip space. Shares sank dramatically — down ~15–17% the next day, with some reports noting up to 20%+ drops at points, contributing to broader chip sector pressure. - Alphabet (GOOGL/GOOG): Reported beating on revenue (~$113.8B) and EPS (~$2.82), with strong core performance. But capex guidance for 2026 ($175–$185B, roughly double prior levels) sparked AI spending worries. Shares dipped post-earnings (down ~0.5–5% initially, flat to lower the next day, with some volatility pulling it below key moving averages). - Amazon (AMZN): Reported after hours on February 5, with mixed results — EPS ~$1.95 (narrow miss vs. ~$1.97 expected), but solid overall. The big negative was a surprise $200B capex forecast for 2026 (well above expectations), tied to AI/cloud buildout. Shares plunged sharply — down ~7–10% in after-hours/extended trading, with Friday moves around -5–8% in some sessions. Recent Tech CAPEX announcements - Amazon (AMZN) — Guided to approximately $200 billion in capex for 2026 (a massive jump from ~$125–131 billion in 2025, with ~80% likely AI-related per analyst commentary). This was the largest single-company figure and a major surprise, contributing heavily to the week's "wild" reactions. - Alphabet (GOOGL/GOOG) — Guided to $175–185 billion in capex for 2026 (roughly double the $91 billion spent in 2025, far above analyst expectations of ~$115–119 billion). Emphasis was on AI compute capacity, servers, data centers, and networking to meet demand for Gemini and cloud services. - Meta Platforms (META) — Guidance from late January (but heavily discussed last week): $115–135 billion for 2026 (up significantly from ~$70–72 billion in 2025, potentially an ~87% increase). - Microsoft (MSFT) — No new full explicit 2026 guidance in early February (fiscal year runs July–June), but recent quarterly run-rate and analyst projections put it around $97–145 billion (with some sources citing ~$105 billion or higher based on Q2 spending trends and signals of continued growth from prior levels of ~$88 billion in FY2025). ------!!!!Combined 2026 capex projected at $635–665 billion (low/high ends) or up to $650–700 billion in some reports — a ~60–74% increase from their collective ~$381 billion in 2025. Market Reaction from all of this.... - Markets were a bit spooked on the Anthropic announcement earlier in the week - software sold off and set a sour mood - Microsoft dumped pretty hard as the amount of spend was higher than anticipated, especially with some slower growth in Azure. - Amazon took a beating on the increased spend they anticipate *(extra by $50B) - BUT: Friday markets rallied as there was realization that the $200B spend by Amazon would seep into the economy and fuel infrastructure spending along with chips, tech etc. Other Earnings of Interest -  Reddit reported fourth-quarter earnings on Thursday in which the social media company beat on the top and bottom lines. - The company said it expects first-quarter sales to come in the range of $595 million to $605 million, which is higher than Wall Street expectations of $577 million. - Reddit also announced a $1 billion share repurchase program. - Reddit gets about $250 million a year from OpenAi and Google to have your data for training their LLMs While we are on the subject - Friday, DJIA hit 50,000 - first time ever! - Up 1,200 point of which approx 350 was from caterpillar and 280 was from Goldman Sachs Hats off to WalMart - Walmart Inc. shares pushed its market capitalization past $1 trillion on Tuesday for the first time ever| - Big transformation over the pst year - Walmart has maintained its appeal to households looking for value, its online offerings are drawing new, wealthier shoppers seeking convenience. Google Bond Offering - Issuing several tranches of bonds, denominated in Stirling - one as long as 100 years - Would you buy that? - The Google parent is set to raise $20 billion from a US dollar bond offering on Monday — more than the $15 billion initially expected — and is also pitching investors on what would be its first ever offerings in Switzerland and the UK. - The latter would include a rare sale of 100-year bonds, the first time a tech company has tried such an offering since the dotcom frenzy of the late 1990s Fat Profits in Dietville - Really interesting sequence of events happening... - Hims launches compounded pill at prices as low as $49 per month - Analysts cite questions on efficacy, legality of pill - Hims' move shifts focus from Novo's strong Wegovy pill launch - Broader obesity market whipsawed as pricing pressure rises THEN.. - Hims and Hers Health shares dive 14% after hours on Friday (Down 25% on Monday) - FDA cites concerns over quality, safety, federal law - The U.S. Food and Drug Administration said on Friday it would take action against telehealth provider Hims & Hers, for its $49 weight-loss pill, including restricting access to the drug's ingredients and referring the company to the Department of Justice for potential violations of federal law. AND.... - Eli Lilly last Wednesday posted fourth-quarter earnings and revenue and 2026 guidance that blew past estimates, as demand for its blockbuster weight loss drug Zepbound and diabetes treatment Mounjaro soars. - The pharmaceutical giant anticipates its 2026 revenue will come in between $80 billion and $83 billion. Analysts expected revenue of $77.62 billion, according to LSEG. - Meanwhile, NOVO had a really bad outlook that took the shares down 13% after the report. Japan Markets Soar - Japanese stocks jumped to a record high Monday, leading gains in the region after Prime Minister Sanae Takaichi won a landmark election victory. - The ruling Liberal Democratic Party captured a two-thirds supermajority in the 465-seat lower house, public broadcaster NHK reported. - Japan's Nikkei 225 jumped past 57,000 for the first time before paring gains to close 3.9% higher at 56,363.94, while the Topix also notched a record high, closing at 3,783.94, up 2.3%. Employment Report? - Government shutdown is forcing them to postpone again (Which is dumb) - Number due this Wednesday - Maybe because of this:U.S. employers announced 108,435 layoffs for the month, up 118% from the same period a year ago and 205% from December 2025. The total marked the highest for any January since 2009. - At the same time, companies announced just 5,306 new hires, also the lowest January since 2009, which is when Challenger, Gray & Christmas began tracking such data. - Also, job openings fell sharply in December to 6.54 million, to their lowest since September 2020. - Available jobs are down by more than 900,000 just since October. - NO! Ai and advancements in tech have noting to do with this! NO NO NO M&A - Texas Instruments Inc. has reached an agreement to buy Silicon Laboratories Inc. for about $7.5 billion, deepening its exposure to several markets for chips. - Silicon Labs investors will receive $231 in cash for each share of the company's common stock and the transaction is expected to close in the first half of 2027. - The transaction still needs to win approval by investors in Silicon Labs and shares of Silicon Labs surged by 51% to $206.48 after the announcement. Inflation - This helps - PepsiCo (PEP.O), opens new tab will cut prices on core brands such as Lay's and Doritos by up to 15% following a consumer backlash against several previous price hikes, the snacks and beverage maker said on Tuesday after it topped fourth-quarter results. Miran - Moving - Federal Reserve Governor Stephen Miran is leaving his post as chair of the Council of Economic Advisers, CNBC has confirmed. - He joined the CEA in January 2025, but had been on leave from that post since last September when he filled the unexpired term of former Fed Governor Adriana Kugler.- He reamins on Fed board No Biggie???? - There are some astonishing cased being reported of Bad AI in the operating room - JNJ's TruDi Navigation System - Since AI was added to the device, the FDA has received unconfirmed reports of at least 100 malfunctions and adverse events. - At least 10 people were injured between late 2021 and November 2025, according to the reports. Most allegedly involved errors in which the TruDi Navigation System misinformed surgeons about the location of their instruments while they were using them inside patients' heads during operations. - Cerebrospinal fluid reportedly leaked from one patient's nose. In another reported case, a surgeon mistakenly punctured the base of a patient's skull. In two other cases, patients each allegedly suffered strokes after a major artery was accidentally injured. Cuba - The main airport has putt out a bulletin that they are out of Jet Fuel - Blackouts and lack of other fuels are creating big problems - No airlines have stopped running at this point, but many will as they cannot refuel - This is a bigger problem for cargo planes (supplies) that may not be able to risk flying to Cuba as they will not be able to get out. Love the Show? Then how about a Donation? ANNOUNCING THE WINNER OF THE THE CLOSEST TO THE PIN CUP 2025 Winners will be getting great stuff like the new "OFFICIAL" DHUnplugged Shirt!     FED AND CRYPTO LIMERICKS   See this week's stock picks HERE Follow John C. Dvorak on Twitter Follow Andrew Horowitz on Twitter

In a recent article, The Economist Magazine noted that “talk about affordability mixes phantom concerns with real ones.” In this episode of EconoFact Chats, Jason Furman argues that “affordability,” which is not well defined, is not necessarily worse now than a year or two ago, or even decades ago. But he notes that there are real concerns as well -- especially with the costs of housing, childcare, and medical care. Jason discusses whether recent policies can address these concerns, and also highlights the scope for government actions to address the rising cost of living. Jason is the Aetna Professor of the Practice of Economic Policy at Harvard. He was previously the Chairman of the Council of Economic Advisers.

In this episode of SparX, we speak with Neelkanth Mishra one of the leading voices of India Semiconductor Mission. He talks about India's semiconductor journey from the origins of the Semiconductor Mission to the realities of execution and global competition.He breakdown how the semiconductor ecosystem works, why entry barriers are so high, and what India's roadmap looks like today. The conversation also explores Micron's entry into India, early implementation learnings, India's geopolitical advantage, and the question of whether the country can truly challenge global leaders like NVIDIA.If you're looking for a clear, grounded understanding of India's semiconductor ambitions beyond the headlines, this SparX conversation offers context, realism, and long-term perspective.0:00 – 1:42 Introduction1:43 – 3:34 Neelkanth's journey in Semiconductors 3:35 – 11:46 India's Semiconductor Mission11:47 – 14:44 Semiconductor Manufacturing Process14:45 – 17:44 Objective of Semiconductor Mission17:45 – 18:50 Early days of Semiconductor Mission implementation18:51 – 21:08 Entry of Micron in India21:09 – 26:30 Early Implementation Challenges26:31 – 30:34 First Implementation Results30:35 – 32:28 Current State Global Semiconductor Industry32:29 – 35:41 India's Semiconductor Roadmap35:42 – 37:41 Entry Barriers in Semiconductor Industry37:42 – 41:09 India's Geopolitical Advantage41:10 – 44:10 India's Emerging Companies44:11 – 47:50 Can India Challenge NVIDIA?47:51 – 51:56 Why India Can't Be Aatmanirbhar51:57– 52:46 Outro

Ahead of Donald Trump's return to Davos next week, John welcomes Harvard professor and former Council of Economic Advisers chair Jason Furman to discuss the DOJ's bungled attack on the Fed, Jerome Powell's unlikely emergence as an anti-MAGA paladin, and the state of the American economy under Trump's second-term stewardship. To learn more about listener data and our privacy practices visit: https://www.audacyinc.com/privacy-policy Learn more about your ad choices. Visit https://podcastchoices.com/adchoices

Glenn Hubbard is Dean Emeritus and Russell L. Carson Professor of Finance and Economics at Columbia Business School. He served as Chairman of the Council of Economic Advisers under President George W. Bush from 2001 to 2003 and was Deputy Assistant Secretary for Tax Policy at the U.S. Treasury. He has served on the boards of BlackRock, ADP, MetLife, and the Federal Reserve Bank of New York.In this episode of World of DaaS, Glenn and Auren discuss:Why consumer sentiment contradicts economic indicatorsThe Fed's impossible dilemma on rate cutsSmarter tariff policy and growthWhy most MBA programs are ROI negativeLooking for more tech, data and venture capital intel? Head to worldofdaas.com for our podcast, newsletter and events, and follow us on X @worldofdaas.You can find Auren Hoffman on X at @auren and Glenn Hubbard on LinkedIn.Editing and post-production work for this episode was provided by The Podcast Consultant (https://thepodcastconsultant.com)

In this episode, we welcome Dr. Morris A. Davis, the former chief housing economist for the White House Council of Economic Advisers, who shares insights on the potential for a historic housing boom in the U.S. Dr. Davis discusses the implications of a new housing plan hinted at by the President, exploring both demand and supply-side strategies to tackle the housing affordability crisis. He also highlights the innovative work being done at Boxabl, a company aiming to revolutionize home building through manufacturing precision. Additionally, we sit down with retired Army Captain Barry Todd, who shares his harrowing experience of being wrongfully charged after defending himself against an armed attack. Captain Todd recounts the details of the incident, the legal battles he faced, and the importance of understanding self-defense laws. His story is not only a personal account but a rallying cry for preparedness and accountability in the face of injustice. Finally, we confront the misconceptions surrounding diet sodas and their supposed health benefits. Join us as we discuss alarming new research revealing that common artificial sweeteners may damage your DNA and increase the risk of serious diseases. Our guest, Elijah Magrane, director of product development at Native, shares insights on healthier alternatives to sugary drinks and discusses the industry's shift towards more natural ingredients.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

IN THIS EPISODE: In this episode, Denise Silber HBS MBA welcomes Professor Daniel Elfenbein,  a triple Harvard alumnus and entrepreneurship researcher at Olin Business School. Together, they explore the delicate balance entrepreneurs must strike between confidence and overconfidence, commitment and detachment, and the hard truth of knowing when to pivot—or when to quit. Dan shares insights drawn from his own entrepreneurial journey, research experiments, and global teaching experience. From biotech boardroom standoffs to mathematical models of founder behavior, he unpacks how emotions, attachment, and overconfidence affect decision-making in startups. You'll learn why "quitting" may just be the smartest pivot of all—and how founders can better calibrate their confidence to avoid costly mistakes. GUEST BIO: Daniel Elfenbein is Professor of Strategy at Washington University in St. Louis's Olin Business School. A triple Harvard alumnus, Dan earned his Ph.D. and M.A. in Business Economics from Harvard, and graduated summa cum laude with an A.B. in Chemistry. Dan is a leading scholar at the intersection of strategy, entrepreneurship, and organizational economics. His research delves into how trust, incentives, and behavioral biases shape outcomes in entrepreneurial ventures and strategic alliances. His work has been published in top-tier journals including the Academy of Management Review, Organization Science, Strategic Management Journal, Management Science, and The Review of Economic Studies. A central theme of Dan's research is understanding the nuanced role of overconfidence in entrepreneurial decision-making. His work—spanning computational modeling, experiments, and economic theory—has provided deep insights into how different forms of overconfidence (including overestimation and overprecision) influence venture formation, pivot strategies, and exit decisions. He has demonstrated that some forms of overconfidence can impede learning and decision-making, while others may be counterbalanced by well-designed experimentation programs. Dan served as Chair of the Strategy and Entrepreneurship Area at Olin from 2020 to 2024, where he championed a culture of scholarly excellence and cross-disciplinary collaboration. He served as Academic Director and then as Associate Dean for Olin's joint Executive MBA Program with Fudan School of Management in Shanghai. Prior to academia, Dan worked as a consultant at Monitor Company—a firm founded by Harvard Business School professors and graduates, including Michael E. Porter, with whom Dan had the great privilege to work. He also served as a staff economist with the President's Council of Economic Advisers in the Clinton Administration. He has held faculty appointments at Berkeley's Haas School of Business and has delivered invited talks at Harvard Business School, MIT Sloan, and London Business School, and more than 30 other universities around the globe.  

In Episode 453 of Hidden Forces, Demetri Kofinas speaks with Jason Furman, the former chair of the Council of Economic Advisers, about the state of the U.S. economy, the AI Bubble, monetary policy, inflation, price controls, and much more. Jason and Demetri spend the first hour of their conversation exploring his economic framework, what he learned from his time working inside the Clinton and Obama White Houses, and how these experiences shaped his perspective on the role of government in the economy. The two then delve into Furman's thoughts on artificial intelligence. They discuss whether we're living through an AI bubble, where Jason anticipates the greatest productivity gains from the adoption of AI in the U.S. service sector, and his perspective on AI regulation. They also discuss the limitations of our inflation models, whether we have a good working understanding of the causes of inflation, whether the Fed has implicitly raised its inflation target, and how large, structural deficits and political constraints will shape the Fed's ability to manage that target in the years ahead. In the second hour, Kofinas and Furman shift to a discussion about the politics of affordability and a growing sense, especially among younger Americans, that the costs associated with achieving the American dream have become insurmountable for almost all but the very wealthy. They debate the political appeal and efficacy of price controls, as well as the extent to which tariffs, industrial policy, and currency depreciation can or should be used to reshape global supply chains and rebuild U.S. domestic manufacturing in areas deemed critical for national security. They also discuss the US trade deficit and capital account surplus, what a weaker dollar may tell us about the government's policy objectives, how corruption, rule of law, and institutional decay might eventually feed back into foreign appetite for US assets, and what is at stake in the choice of the next Fed chair—both for the independence of the central bank and for the long-term credibility of American monetary policy. Subscribe to our premium content—including our premium feed, episode transcripts, and Intelligence Reports—by visiting HiddenForces.io/subscribe. If you'd like to join the conversation and become a member of the Hidden Forces Genius community—with benefits like Q&A calls with guests, exclusive research and analysis, in-person events, and dinners—you can also sign up on our subscriber page at HiddenForces.io/subscribe. If you enjoyed today's episode of Hidden Forces, please support the show by: Subscribing on Apple Podcasts, YouTube, Spotify, Stitcher, SoundCloud, CastBox, or via our RSS Feed Writing us a review on Apple Podcasts & Spotify Joining our mailing list at https://hiddenforces.io/newsletter/ Producer & Host: Demetri Kofinas Editor & Engineer: Stylianos Nicolaou Subscribe and support the podcast at https://hiddenforces.io. Join the conversation on Facebook, Instagram, and Twitter at @hiddenforcespod Follow Demetri on Twitter at @Kofinas Episode Recorded on 12/08/2025

On this episode, OpenAI's chief economist Ronnie Chatterji describes how artificial intelligence is reshaping both the economy and scientific innovation. Ronnie discusses the dual economic impacts of AI — the near-term boost from infrastructure investments like chips and data centers, and the longer-term productivity gains as AI tools integrate into enterprises and consumer life. Beyond consumer convenience, he notes, the key question for economists and corporate leaders alike is when — and how — AI will unlock sustained economic value inside organizations. Tune in for Ronnie's perspective on how AI can help researchers test ideas faster, combine insights across disciplines, and make better choices about which problems to pursue. Read the episode transcript here. Guest bio: Aaron (Ronnie) Chatterji is OpenAI's first chief economist. He is also the Mark Burgess & Lisa Benson-Burgess Distinguished Professor at Duke University. He served in the Biden administration to implement the CHIPS and Sciences Act and was acting deputy director of the National Economic Council. Before that, he was chief economist at the Department of Commerce and a senior economist at the White House Council of Economic Advisers. He also previously taught at Harvard Business School, worked at Goldman Sachs, and was a term member of the Council on Foreign Relations. Chatterji is on leave as a research associate at the National Bureau of Economic Research. He holds a Ph.D. from University of California, Berkeley and a B.A. in economics from Cornell University. Me, Myself, and AI is a podcast produced by MIT Sloan Management Review and hosted by Sam Ransbotham. It is engineered by David Lishansky and produced by Allison Ryder. We encourage you to rate and review our show. Your comments may be used in Me, Myself, and AI materials. ME, MYSELF, AND AI® is a federally registered trademark of Massachusetts Institute of Technology. All rights reserved.

As Treasury Secretary, former Federal Reserve Chairwoman and Chair of the White House Council of Economic Advisers, Janet Yellen is one the most powerful woman in American economic history. Award-winning economics writer and author Jon Hilsenrath joins with insights about her life and work from his book, Yellen: The Trailblazing Economist Who Navigated an Era of Upheaval. He shares how she navigated the sexism in her industry and in politics, her unconventional partnership in marriage and work with Nobel Laureate George Akerlof and why she didn't always "lean in."More about Jon Hilsenrath: He is a senior writer for the Wall Street Journal, where he has been since 1997, reporting from Hong Kong, New York, and Washington, DC. He was a Pulitzer Prize finalist in 2014 for his coverage of the Federal Reserve; part of a team of 2009 Pulitzer finalists for coverage of the global financial crisis; and contributed on-the-scene reporting from the World Trade Center on September 11, 2001, which helped the WSJ win a Pulitzer in 2002. Hosted on Acast. See acast.com/privacy for more information.

On CNN's State of the Union, Texas Congresswoman Jasmine Crockett responds to Rep. Marjorie Taylor Greene announcing she is leaving Congress, plus reveals new polling that will influence her decision to run for senate in Texas. Jake Tapper pushes Senator Bill Cassidy on his deciding vote to confirm H-H-S Health Secretary Robert F. Kennedy Junior, plus the senator discusses his new health care proposal. Trump's top economic adviser Kevin Hassett acknowledges there's a lot of progress to be made in bringing prices down and responds to President Trump appearing to bond with New York City Mayor-elect over tackling affordability in New York City. Our panelists Democratic Congresswoman Sarah Elfreth and political commentators Brad Todd, Kate Bedingfield, Shermichael Singleton weigh in.  Learn more about your ad choices. Visit podcastchoices.com/adchoices

Some of the key economic challenges facing the U.S. include its large federal debt and the possibility of a fiscal crisis, as well as the disruptions (and perhaps promises) of the widespread adoption of Artificial Intelligence. Greg Mankiw discussed these challenges in an EconoFact Ask Me Anything webinar held on October 15, 2025. This EconoFact Chats episode is an abridged recording of that webinar. Greg is the Robert M. Beren Professor of Economics at Harvard University. He served as the Chair of the Council of Economic Advisers in the George W. Bush administration. He is the author of the bestselling Principles of Economics and Macroeconomics textbooks. EconoFact's monthly Ask Me Anything Webinars are exclusively available to our Premium Subscribers. The modest $50 annual fee for becoming a Premium Subscriber supports EconoFact and its efforts to bring timely, accessible, unbiased, and nonpartisan analyses on important economic and social policy issues to the public. You can sign-up for a Premium Subscription here: https://secure.touchnet.net/C21525_ustores/web/store_main.jsp?STOREID=157

This week, Monika sits down with India's Chief Economic Adviser, Dr V. Anantha Nageswaran, for a wide-ranging conversation on governance, regulation, and the challenges of doing business in India. He explains why India must “reduce the cost of being honest,” arguing that excessive compliance and inspection norms often force even well-intentioned businesses into shortcuts. The government, he says, is consciously working to dismantle this structure through deregulation and technology-driven transparency, making it easier for citizens and firms to operate without corruption.Monika highlights the CEA's strong stance on financial mis-selling — a problem the Economic Survey 2023–24 identified as widespread in banks and insurance firms. He supports a shift toward a “seller-beware” model for retail financial products, recognising that complex instruments demand stricter accountability from sellers rather than relying on the old “buyer-beware” principle. With the Ministry of Finance and RBI preparing new rules to curb such malpractice, these changes could finally bring relief to customers misled by inappropriate product sales at bank branches.In listener questions, Ravi asks about why investments made through the RBI Retail Direct platform do not appear in NSDL-CAS statements, Rohit seeks guidance on refining his investment portfolio after returning to India from the US, and an anonymous listener from a PSU bank writes in about NPS allocation, consolidating his mother's portfolio, and whether to consider investing in SIFs.Chapters:(00:00 – 00:00) Reducing the cost of being honest(00:00 – 00:00) Why the CEA wants banks to stop mis-selling(00:00 – 00:00) Understanding RBI Retail Direct and NSDL-CAS(00:00 – 00:00) Setting up your financial foundation after returning to India(00:00 – 00:00) Managing family portfolios and exploring new productshttps://www.youtube.com/watch?v=xAEGbvZ-3Ps&t=3516sIf you have financial questions that you'd like answers for, please email us at ⁠mailme@monikahalan.com⁠ Monika's book on basic money management⁠⁠⁠https://www.monikahalan.com/lets-talk-money-english/⁠⁠⁠Monika's book on mutual funds⁠⁠https://www.monikahalan.com/lets-talk-mutual-funds/⁠⁠Monika's workbook on recording your financial life⁠⁠⁠https://www.monikahalan.com/lets-talk-legacy/⁠⁠⁠Calculators⁠⁠⁠https://investor.sebi.gov.in/calculators/index.html⁠⁠⁠You can find Monika on her social media @monikahalan. Twitter ⁠⁠⁠@MonikaHalan⁠⁠⁠Instagram ⁠⁠⁠@MonikaHalan⁠⁠⁠Facebook ⁠⁠⁠@MonikaHalan⁠⁠⁠LinkedIn ⁠⁠@MonikaHalan⁠⁠Production House: ⁠⁠www.inoutcreatives.com⁠⁠Production Assistant:⁠⁠ Anshika Gogoi⁠⁠

  Over the last couple of decades, few if any American economists have played a more prominent role in the national debate over the economy or in actually crafting economic policy than Jared Bernstein. Bernstein served as chair of the national Council of Economic Advisers under President Biden and is currently a senior fellow at […]

A government shutdown is looming in the US, with little hope of a last-minute deal to avoid it. Jared Bernstein, the former head of the White House Council of Economic Advisers, joins Bianna to discuss how we got here, and what the impact of a shutdown might be.   Also on today's show: Anshel Pfeffer, Israel correspondent for The Economist; Kori Schake, former US defense department official; Dake Kang, investigative reporter for the Associated Press  Learn more about your ad choices. Visit podcastchoices.com/adchoices

Customs duties on imported goods used to be a crucial part of US government funding – in fact, the customs service was among the first federal agencies set up after the constitution. Now, Trump is hoping that – among other things – tariffs could transform the US budget. But do the revenues they raise for government coffers help outweigh their negative economic impacts? Martha Gimbel, executive director of the Budget Lab at Yale and former adviser at the White House Council of Economic Advisers, speaks to Claire Jones, the FT's US economics editor.Claire Jones is US economics editor. You can read her articles here. Subscribe to The Economics Show on Apple, Spotify, Pocket Casts or wherever you listen.Presented by Claire Jones. Produced by Josh Gabert-Doyon. Manuela Saragosa is the executive producer. Original music and sound design by Samantha Giovinco and Breen Turner.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Federal Reserve announces an interest rate cut of a quarter percentage point, lowering borrowing costs for the first time since December. Newest Fed Governor Stephen Miran, who has taken a leave of absence from his job as chair of the White House Council of Economic Advisers, votes for a bigger cut of 0.5%; U.S. House begins work on the federal government funding extension to prevent a shutdown at the end of the month, debating and voting a resolution to set the rules for House floor debate on the funding measure itself; Former Director of the Centers for Disease Control and Prevention Susan Monarez tells the Senate Health Committee that she was fired by Health & Human Services Secretary Robert F. Kennedy, Jr. for refusing to provide "blanket approval" for changes to vaccine recommendation not supported by science. She says, "Even under pressure, I could not replace evidence with ideology"; President Donald Trump & First Lady Melania Trump are welcomed for their state visit to Great Britain by the King & Queen with a carriage ride on the grounds of Windsor Castle, a military parade, RAF flyover, a chapel choir, and a lavish banquet; FBI Director Kash Patel testifies before the House Judiciary Committee about the Epstein files and politically-inspired violence; Former President Barack Obama discusses the current political climate after the murder of conservative activist Charlie Kirk. Learn more about your ad choices. Visit megaphone.fm/adchoices

The future of the Federal Reserve's independence will come into clearer focus this week as the central bank will likely lower interest rates for the first time since last December, potentially pacing the way for more cuts this year as the labor market weakens and prices keep rising. But all eyes will be on who votes for a rate cut after the President fired Fed Governor Lisa Cook and appointed Stephan Miran, his former Chair of Economic Advisers. Claudia Sahm, a former Fed economist, helps us understand the importance of this week's meeting, the future of the central bank, and the real health of the U.S. economy. The stock market might be at record highs, but the foundations of American capitalism are shaking. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Raising an Entrepreneur – Helping Your Children Achieve Their Dreams with Margot Machol BisnowWhat does it take to raise confident, resilient, and creative children who achieve their dreams? In this episode, we welcome Margot Machol Bisnow, author of Raising an Entrepreneur: How to Help Your Children Achieve Their Dreams – 99 Stories from Families Who Did. With a background in government, including serving as an FTC Commissioner and staff director of the President's Council of Economic Advisers, Margot has spent the last decade speaking to parent groups about fostering entrepreneurial spirit in children.In our conversation, Margot shares key insights from her book and articles featured on CNBC, including the parenting style that all parents of successful young entrepreneurs had in common: Respectful Parenting.Key Takeaways:✅ Respectful Parenting Works:Instead of authoritarian or permissive styles, successful parents provided structure, support, and warmth.They set rules and expectations while allowing their children the freedom to make big decisions.Their children always knew they were loved and that their parents were proud of them.✅ Failure is a Learning Opportunity:Protecting kids from failure doesn't help them—it holds them back.Teaching children that failure is part of learning builds resilience and perseverance.The ability to struggle, work hard, and keep moving forward is key to future success.✅ Passion Fuels Growth:Every young entrepreneur Margot interviewed had a passion of their own choosing.Parents supported these passions, helping their children develop confidence and determination.While the initial passion rarely became their career, the skills they learned—hard work, grit, and resilience—were invaluable.✅ Compassion for Parents:No parent is perfect, and that's okay.The most important thing is for children to feel loved, supported, and encouraged in their pursuits.For more wisdom from Margot Machol Bisnow, visit her website: GUEST WEBSITE: www.raisinganentrepreneur.comSOCIAL MEDIA:https://www.facebook.com/raisinganentrepreneur1/?fref=tshttps://www.instagram.com/margotbisnow/https://www.linkedin.com/in/margot-machol-bisnow-a29550b5/Tune in to this inspiring episode to learn how you can empower your children to chase their dreams!Thank you for supporting Linda's Corner! Please take a moment to share this episode, subscribe to the podcast, and leave a rating and review. Visit the Linda's Corner website at lindascornerpodcast.com, and follow us on YouTube, Facebook, Instagram, and Pinterest @lindascornerpodcast.Discover free resources to increase happiness, build confidence, improve relationships, manage stress, and calm feelings of depression and anxiety at the Hope for Healing website: hopeforhealingfoundation.org.For a transformative experience in deep inner healing, visit healingbreathworkdetox.com—a digital platform offering life-changing results.Become the champion of your own story as you overcome life's challenges and unlock your full potential!

Earlier this week we took a look at the stakes ahead of President Trump's meeting with Russian President Putin in Alaska. Today, Professor Jeffrey Sonnenfeld, the president of the Yale Chief Executive Leadership Institute who has advised the White House, the State and Treasury Departments, and the Council of Economic Advisers on Russian economic sanctions and business retreats, joins Thanos Davelis as we explore how sanctions have crippled Russia's economy, leaving Putin with very few cards. You can read the articles we discuss on our podcast here:Trump Has the Upper Hand Going into His Meeting with PutinIn a Trump-Putin Summit, Ukraine Fears Losing Say Over Its FutureFirefighters contain most wildfires across Greece, but risk remainsGovernment makes relief measures top priorityAfter inking military pact, Turkey to provide Syria with weapons, trainingTurkey to help Syria with weapon systems, equipment under signed MoU, source says

Donald Trump and Vladimir Putin will meet in Alaska to work towards an end to the conflict between Russia and Ukraine. Can a deal be made without Volodymyr Zelensky, who was not invited to participate? Plus, White House Council of Economic Advisers chair Stephen Miran is tapped to fill a temporary spot on the Federal Reserve Board. Learn more about your ad choices. Visit megaphone.fm/adchoices

-- On the Show: -- Dan Koh, host of The People's Cabinet, fills in for David. Subscribe to Dan's YouTube channel at http://www.youtube.com/@ThePeoplesCabinet -- Trump announced plans for a new census excluding undocumented immigrants, a move that would face major constitutional challenges and could reshape congressional representation -- House Republicans, backed by Trump, are pursuing an aggressive redistricting push in states like Florida, Texas, and Ohio to gain a dozen or more seats before 2026 -- A minor online critique of Sydney Sweeney's American Eagle ad was amplified by right-wing influencers, media, and politicians into a broader culture-war controversy -- Former Biden adviser Anita Dunn told House investigators that while Biden aged physically in office, he remained fully engaged and in control, rejecting claims that staff made key decisions without his consent -- Trump, joined by economist Stephen Moore, showcased charts in the Oval Office to argue the U.S. economy is strong and justify firing the Bureau of Labor Statistics chief -- Trump has nominated Stephen Miran, his Council of Economic Advisers chair and architect of his tariff policy, to temporarily fill a vacancy on the Federal Reserve Board -- The Trump administration has begun ending collective bargaining agreements for federal unions, starting with the Department of Veterans Affairs, which stripped labor protections from over 400,000 employees -- Top tech CEOs like Tim Cook, Jensen Huang, Elon Musk, and Sam Altman have courted Trump with gifts, praise, and investments -- Trump has quietly considered stepping into New York's mayoral race to oppose leftist Zohran Mamdani, consulting with Andrew Cuomo and advisers -- On the Bonus Show: Trump wastes tax dollars on White House improvements, Trump threatens to take control of Washington DC, and much more... ☕ Trade Coffee: Code PAKMAN10 saves you $10 at https://drinktrade.com/pakman

President Donald Trump announces he is nominating Stephen Miran, current chair of the Council of Economic Advisers, to Federal Reserve Board, to replace a board member who has resigned; Wall Street Journal's Gavin Bade on first day with President Donald Trump's tariffs in effect on more than 90 countries (6); Sen. John Cornyn (R-TX) says FBI has agreed to assist Texas law enforcement in arresting Texas House Democrats who have fled to Illinois and other states to keep the Texas House Republican majority from voting on a new congressional redistricting map; Russian President Vladimir Putin welcomes President Trump's invitation to meet in person next week to discuss the war in Ukraine, and President Trump says a White House report that he believes Putin must first meet with Ukrainian President Volodymyr Zelensky is not true; U.S. Attorney for Washington, DC Jeanine Pirro says the Justice Department is considering pursuing the death penalty against the suspect in the Capital Jewish Museum fatal shooting. She is also asked about President Trump saying federal government may need to take over DC to curb crime, after a former DOGE staffer was brutally attacked; Today is National Purple Heart Day, honoring servicemembers wounded or killed by the enemy in military action. Learn more about your ad choices. Visit megaphone.fm/adchoices

While the White House claims the US economy is booming, recent data indicates otherwise, with one report in particular fueling concerns about a weak job market. In response, President Trump fired the person responsible for producing the numbers he claims were "rigged." So what's really happening? Nobel Prize-winning economist Paul Krugman and Greg Mankiw, who served as chair of the White House Council of Economic Advisers under President Bush, join the show to break it all down.  Also on today's show: Alexander Gabuev, Director, Carnegie Russia Eurasia Center; Barak Ravid, Global Affairs Correspondent, Axios; author Sami Tamimi ("Boutany")  Learn more about your ad choices. Visit podcastchoices.com/adchoices

With hours to go before President Trump’s deadline, dozens of countries are facing the possibility of significant tariffs that could go into effect. But there’s uncertainty around the deadline as Trump announced a 90-day extension for Mexico. Amna Nawaz discussed more with Jason Furman, an economics professor at the Harvard Kennedy School and the former head of the Council of Economic Advisers. PBS News is supported by - https://www.pbs.org/newshour/about/funders

Fighting is intensifying inside Syria, after Israel launched a powerful series of airstrikes on the capital, Damascus. And as conflict in the Middle East escalates, Russia launched more massive air strikes on Ukraine. Christiane speaks with former British Intelligence chief John Sawers about an increasingly complicated global landscape.  Also on today's show: Jason Furman, former Chairman, Council of Economic Advisers & Financial Times columnist Gillian Tett; Maryland Governor Wes Moore  Learn more about your ad choices. Visit podcastchoices.com/adchoices

Angel Studios https://Angel.com/ToddBecome a Premium Angel Studios Guild member to watch The King of Kings, stream all fan-curated shows and movies, and get 2 free tickets to every Angel Studios theatrical release. Alan's Soaps https://www.AlansArtisanSoaps.comUse coupon code TODD to save an additional 10% off the bundle price.Bioptimizers https://Bioptimizers.com/toddEnter promo code TODD to get 10% off your order of Berberine Breakthrough today.Bizable https://GoBizable.comUntie your business exposure from your personal exposure with BiZABLE.  Schedule your FREE consultation at GoBizAble.com today.  Bonefrog https://BonefrogCoffee.com/toddThe new GOLDEN AGE is here!  Use code TODD at checkout to receive 10% off your first purchase and 15% on subscriptions.Bulwark Capital https://KnowYourRiskPodcast.comBe confident in your portfolio with Bulwark! Schedule your free Know Your Risk Portfolio review. Go to KnowYourRiskPodcast.com today.Renue Healthcare https://Renue.Healthcare/ToddYour journey to a better life starts at Renue Healthcare. Visit https://Renue.Healthcare/ToddLISTEN and SUBSCRIBE at:The Todd Herman Show - Podcast - Apple PodcastsThe Todd Herman Show | Podcast on SpotifyWATCH and SUBSCRIBE at: Todd Herman - The Todd Herman Show - YouTubeSo, it turns out that we may have an opportunity to find out if we can short an entire major American city or state because Zohan Mamdani may be the next mayor of New York. Zach Abraham joins...Episode Links:AOC: "Supporting Zohran is a vote for a New York for all of us."Zohran Mamdani announces he'll launch government-run supermarkets in NYC if elected mayor.Mark Carney's New World Order: A 'Net-Zero' economy with individual carbon footprint trackers, CBDCs and a social credit system. This is what the 'elbows up retards' voted for.Bitcoin jumps to $105,000 as investors keep close eye on Israel-Iran ceasefire: CNBC Crypto WorldThe One Big, Beautiful Bill will drive growth and supercharge the American economy. The Council of Economic Advisers found that the One Big, Beautiful Bill will:May, 2024. Biden is asked about the terrible state of the economy. Real wages dropped during his presidency. The price of buying a home doubled. Inflation hit a 40 year high. Energy prices skyrocketed.

Now that the Iran crisis is passing, attention is returning to President Trump's sweeping domestic agenda. Stephen Miran of the Council of Economic Advisers makes the case for why the BBB must pass not only to secure the border and deliver on Trump's campaign promises, but also to unleash American economic growth. Plus, Harmeet Dhillon explains the agenda of the DOJ's Office of Civil Rights, which is in position to unshackle American police and roll back institutional discrimination against whites, Asians, and more. Watch ad-free on members.charliekirk.com! Get new merch at charliekirkstore.com! Support the show: http://www.charliekirk.com/supportSee omnystudio.com/listener for privacy information.

Austan Goolsbee is one of Tyler Cowen's favorite economists—not because they always agree, but because Goolsbee embodies what it means to think like an economist. Whether he's analyzing productivity slowdowns in the construction sector, exploring the impact of taxes on digital commerce, or poking holes in overconfident macro narratives, Goolsbee is consistently sharp, skeptical, and curious. A longtime professor at the University of Chicago's Booth School and former chair of the Council of Economic Advisers under President Obama, Goolsbee now brings that intellectual discipline—and a healthy dose of humor—to his role as president of the Federal Reserve Bank of Chicago. Tyler and Austan explore what theoretical frameworks Goolsbee uses for understanding inflation, why he's skeptical of monetary policy rules, whether post-pandemic inflation was mostly from the demand or supply side, the proliferation of stablecoins and shadow banking, housing prices and construction productivity, how microeconomic principles apply to managing a regional Fed bank, whether the structure of the Federal Reserve system should change, AI's role in banking supervision and economic forecasting, stablecoins and CBDCs, AI's productivity potential over the coming decades, his secret to beating Ted Cruz in college debates, and more. Read a full transcript enhanced with helpful links, or watch the full video on the new dedicated Conversations with Tyler channel. Recorded March 3rd, 2025. Help keep the show ad free by donating today! Other ways to connect Follow us on X and Instagram Follow Tyler on X Follow Austan on X Sign up for our newsletter Join our Discord Email us: cowenconvos@mercatus.gmu.edu Learn more about Conversations with Tyler and other Mercatus Center podcasts here.

The first 100 days of President Trump's second term have come with a wide range of changes for the nation's economy and global supply chains. Could these changes lead to a more prosperous America, or hardship for individuals and businesses? In partnership with Bloomberg, five renowned economists look at President Trump's economic agenda during his first 100 days and discuss tariffs as a strategy, whether deregulation is good for growth, and whether the President's "medicine" means a recession.  Jason Furman, Former Chairman of the Council of Economic Advisers; Professor at Harvard University's John F. Kennedy School of Government    Allison Schrager, Economist, Bloomberg Opinion Contributor & Senior Fellow at the Manhattan Institute    Stephen Moore, Former Senior Economic Advisor to President Trump; Senior Fellow at the Heritage Foundation; Co-founder of Unleash Prosperity    Mariana Mazzucato, Professor of Economics at University College London; Author of "Mission Economy"  Jeff Ferry, Chief Economist Emeritus at the Coalition for a Prosperous America; Previous Tech Executive  Mishal Husain, Editor-at-Large for Bloomberg Weekend, is the guest moderator.    Learn more about your ad choices. Visit podcastchoices.com/adchoices