Podcasts about Economics

Dave Smith brings you the latest in politics! On this episode of Part Of The Problem, Dave and Robbie "The Fire" Bernstein discuss the turning point for the starvation and war in Gaza, Joe Rogan allegedly refusing to have Benjamin Netanyahu on his show, and more.Support Our Sponsors:CrowdHealth - https://www.joincrowdhealth.com/promos/potpKalshi - https://www.kalshi.com/daveMoink - https://www.moinkbox.com/potpMonetary Metals - https://www.monetary-metals.com/potp/Part Of The Problem is available for early pre-release at https://partoftheproblem.com as well as an exclusive episode on Thursday!ROB LIVE DATES HERE:PORCH Tour: www.porchtour.comFind Run Your Mouth here:YouTube - http://youtube.com/@RunYourMouthiTunes - https://podcasts.apple.com/us/podcast/run-your-mouth-podcast/id1211469807Spotify - https://open.spotify.com/show/4ka50RAKTxFTxbtyPP8AHmFollow the show on social media:X:http://x.com/ComicDaveSmithhttp://x.com/RobbieTheFireInstagram:http://instagram.com/theproblemdavesmithhttp://instagram.com/robbiethefire#libertarianSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

In the first of a two-part episode, Lisa Shalett, our Wealth Management CIO, and Andrew Sheets, our Head of Corporate Credit Research, discuss whether the era of “American Exceptionalism” is ending and how investors should prepare for a global market rebalancing. Read more insights from Morgan Stanley.----- Transcript -----Andrew Sheets: Welcome to Thoughts on the Market. I'm Andrew Sheets, Head of Corporate Credit Research at Morgan Stanley. Lisa Shalett: And I'm Lisa Shalett, Chief Investment Officer for Morgan Stanley Wealth Management. Andrew Sheets: Today, the first of two episodes tackling a fascinating and complex question. Is American market dominance ending? And what would that mean for investors?It's Wednesday, July 30th at 4pm in London. Lisa Shalett: And it's 11am here in New York. Andrew Sheets: Lisa, it's so great to talk to you again, and especially what we're going to talk about over these two episodes. , a theme that's been coming up regularly on this podcast is this idea of American exceptionalism. This multi-year, almost multi-decade outperformance of the U.S. economy, of the U.S. currency, of the U.S. stock market. And so, it's great to have you on the show, given that you've recently published on this topic in a special report, very topically titled American Exceptionalism: Navigating the Great Rebalancing.So, what are the key pillars behind this idea and why do you think it's so important? Lisa Shalett: Yeah. So, I think that that when you think about the thesis of American exceptionalism and the duration of time that the thesis has endured. I think a lot of investors have come to the conclusion that many of the underpinnings of America's performance are just absolutely inherent and foundational, right? They'll point to America as a, economy of innovation. A market with regulation and capital markets breadth and depth and liquidity a market guided by, , laws and regulation, and a market where, heretofore, we've had relatively decent population growth. All things that tend to lead to growth. But our analysis of the past 15 years, while acknowledging all of those foundational pillars say, ‘Wait a minute, let's separate the wheat from the chaff.' Because this past 15 years has been, extraordinary and different. And it's been extraordinary and different on at least three dimensions. One, the degree to which we've had monetary accommodation and an extraordinary responsiveness of the Fed to any crisis. Secondly, extraordinary fiscal policy and fiscal stimulus. And third, the peak of globalization a trend that in our humble opinion, American companies were among the biggest beneficiaries of exploiting, despite all of the political rhetoric that considers the costs of that globalization. Andrew Sheets: So, Lisa, let me go back then to the title of your report, which is the Great Rebalancing or navigating the Great Rebalancing. So, what is that rebalancing? What do you think kind of might be in store going forward? Lisa Shalett: The profound out performance, as you noted, Andrew, of both the U.S. dollar and American stock markets have left the world, , at an extraordinarily overweight position to the dollar and to American assets.And that's against a backdrop where we're a fraction of the population. We're 25 percent of global GDP, and even with all of our great companies, we're still only 33 percent of the profit pool. So, we were at a place where not only was everyone overweight, but the relative valuation premia of American equity assets versus equities outside or rest of world was literally a 50 percent premium. And that really had us asking the question, is that really sustainable? Those kind of valuation premiums – at a point when all of these pillars, fiscal stimulus, monetary stimulus, globalization, are at these profound inflection points. Andrew Sheets: You mentioned monetary and fiscal policy a bit as being key to supercharging U.S. markets. Where do you think these factors are going to move in the future, and how do you think that affects this rebalancing idea? Lisa Shalett: Look, I mean, I think we went through a period of time where on a relative basis, relative growth, relative rate spreads, right? The, the dispersion between what you could earn in U.S. assets and what you could earn in other places, and the hedging ratio in those currency markets made owning U.S. assets, just incredibly attractive on a relative basis. As the U.S. now kind of hits this point of inflection when the rest of the world is starting to say, okay, in an America first and an America only policy world, what am I going to do? And I think the responses are that for many other countries, they are going to invest aggressively in defense, in infrastructure, in technology, to respond to de-globalization, if you will. And I think for many of those economies, it's going to help equalize not only growth rates between the U.S. and the rest of the world, but it's going to help equalize rate differentials. Particularly on the longer end of the curves, where everyone is going to spending money. Andrew Sheets: That's actually a great segue into this idea of globalization, which again was a major tailwind for U.S. corporations and a pillar of this American outperformance over a number of years.It does seem like that landscape has really changed over the last couple of decades, and yet going forward, it looks like it's going to change again. So, with rising deglobalization with higher tariffs, what do you think that's going to mean to U.S. corporate margins and global supply chains? Lisa Shalett: Maybe I am a product of my training and economics, but I have always been a believer in comparative advantage and what globalization allowed. True free trade and globalization of supply chains allowed was for countries to exploit what they were best at – whether it was the lowest cost labor, the lowest cost of natural resources, the lowest cost inputs. And America was aggressive at pursuing those things, at outsourcing what they could to grow profit margins. And that had lots of implications. And we weren't holding manufacturing assets or logistical assets or transportation assets necessarily on our balance sheets. And that dimension of this asset light and optimized supply chains is something in a world of tariffs, in a world of deglobalization, in a world of create manufacturing jobs onshore, where that gets reversed a bit. And there's going to be a financial cost to that. Andrew Sheets: It's probably fair to say that the way that a lot of people experience American exceptionalism is in their retirement account. In your view, is this outperformance sustainable or do you think, as you mentioned, changing fiscal dynamics, changing trade dynamics, that we're also going to see a leadership rotation here? Lisa Shalett: Our thesis has been, this isn't the end of American exceptionalism, point blank, black and white. What we've said, however, is that we think that the order of magnitude of that outperformance is what's going to close, , when you start burdening, , your growth rate with headwinds, right? And so, again, not to say that that American assets can't continue to, to be major contributors in portfolios and may even, , outperform by a bit. But I don't think that they're going to be outperforming by the magnitude, kind of the 450 - 550 basis points per year compound for 15 years that we've seen. Andrew Sheets: The American exceptionalism that we've seen really since 2009, it's also been accompanied by really unprecedented market imbalances. But another dimension of these imbalances is social and economic inequality, which is creating structural, and policy, and political challenges. Do these imbalances matter for markets? And do you think these imbalances affect economic stability and overall market performance? Lisa Shalett: People need to understand what has happened over this period. When we applied this degree of monetary and fiscal, stimulus, what we essentially did was massively deleverage the private sector of America, right? And as a result, when you do that, you enable and create the backdrop for the portions of your economy who are less interest rate sensitive to continue to, kind of, invest free money. And so what we have seen is that this gap between the haves and the have nots, those who are most interest rate sensitive and those who are least interest rate sensitive – that chasm is really blown out.But also I would suggest an economic policy conundrum. We can all have points of view about the central bank, and we can all have points of view about the current chair. But the reality is if you look at these dispersions in the United States, you have to ask yourself the question, is there one central bank policy that's right for the U.S. economy? I could make the argument that the U.S. GDP, right, is growing at 5.5 percent nominal right now. And the policy rate's 4.3 percent. Is that tight?Andrew Sheets: Hmm. Lisa Shalett: I don't know, right? The economists will tell me it's really tight, Lisa – [be]cause neutral is 3. But I don't know. I don't see the constraints. If I drill down and do I say, can I see constraints among small businesses? Yeah. I think they're suffering. Do I see constraints in some of the portfolio companies of private equity? Are they suffering? Yeah. Do they need lower rates? Yeah. Do the lower two-thirds of American consumers need lower rates to access the housing market. Yeah. But is it hurting the aggregate U.S. economy? Mm, I don't know; hard to convince me. Andrew Sheets: Well, Lisa, that seems like a great place to actually end it for now and Thanks as always, for taking the time to talk. Lisa Shalett: My pleasure, Andrew. Andrew Sheets: And that brings us to the end of part one of this two-part look at American exceptionalism and the impact on equity and fixed income markets. Tomorrow we'll dig into the fixed income side of that debate.Thank you as always, for your time. If you find Thoughts on the Market useful, let us know by leaving a review wherever you listen, and also tell a friend or colleague about us today.*****Lisa Shalett is a member of Morgan Stanley's Wealth Management Division and is not a member of Morgan Stanley's Research Department. Unless otherwise indicated, her views are her own and may differ from the views of the Morgan Stanley Research Department and from the views of others within Morgan Stanley.

David converses with renowned illustrator and financial philosopher Carl Richards on the abstraction of money, attentional capital, distinguishing risk from uncertainty, and the importance of taking microactions.Insiders Guide Email NewsletterGet our free Investors' Checklist when you sign up for the free Money for the Rest of Us email newsletterOur Premium ProductsAsset CampMoney for the Rest of Us PlusShow NotesCarl Richard's website, Behavior GapYour Money: Reimagining Wealth in 97 Simple Sketches by Carl RichardsRelated Episodes496: Are You Taking Enough Aspirational Risk?394: How to Get Better at Risk Taking135: Embrace the MessinessSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

America is now on a watchlist for the the health of civil society for “sustained attacks on civic freedoms.” We have to turn this around. Did Trump just confess to his Epstein role? Is he treating "the financially-lubricated sex trafficking of women as mere [employment]?" How does a 16 yr old come to work at a spa at Mar-a-Lago? Will Trump pardon Diddy? Does Trump have a special place in his heart for the trafficking and abuse of young women and girls? Democrats did something important for democracy and the mainstream media ignored it. Or are the Dems not fighting loud enough with their message? Are we now living in the age of "Trump traveling terrorism?" If you don't agree with Trump - it's scary to travel.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

A 15% tariff on EU-branded drugs will make medicine more expensive, sick people sicker, and Big Pharma richer. Trump, doing this illegally, calls that “winning”...See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

What happens when AI starts generating content for everyone—and no one wants to watch it?In this episode, MSNBC's Chris Hayes and ad tech veteran Antonio García Martínez join a16z General Partner, Erik Torenberg to unpack the shifting economics of attention: from the rise of “AI slop” and spammy feeds to the difference between what we want to pay attention to and what platforms push on us.They explore:How AI changes what gets created and what gets seenWhy internet ads still mostly suckThe return of group chats—and the slow death of mass cultureBased on Chris's new book The Sirens Call, this is a candid look at what AI might amplify or break in our online lives. Timecodes:0:00 Introduction 1:47 Meet the Guests: Chris Hayes & Antonio Garcia Martinez3:01 The Economics of Attention & AI Slop6:38 Acquisition vs. Retention: The Attention Challenge10:01 Fame, Identity, and Social Media Fragmentation13:21 The Group Chat Solution & Privacy16:01 Business Models, Community, and Technology19:01 Mass Culture, Fragmentation, and the Algorithm23:01 Ad Tech, Personalization, and Advertising Effectiveness29:01 The Future: AI, Growth, and Abundance Resources: Find Chris on X: https://x.com/chrislhayesFind Antonio on X: https://x.com/antoniogmLearn more about Chris' book ‘The Sirens' Call': https://sirenscallbook.com/Learn more about Antonio's book ‘Chaos Monkeys': https://www.harpercollins.com/products/chaos-monkeys-antonio-garcia-martinez?variant=32207601532962 Stay Updated: Let us know what you think: https://ratethispodcast.com/a16zFind a16z on Twitter: https://twitter.com/a16zFind a16z on LinkedIn: https://www.linkedin.com/company/a16zSubscribe on your favorite podcast app: https://a16z.simplecast.com/Follow our host: https://x.com/eriktorenbergPlease note that the content here is for informational purposes only; should NOT be taken as legal, business, tax, or investment advice or be used to evaluate any investment or security; and is not directed at any investors or potential investors in any a16z fund. a16z and its affiliates may maintain investments in the companies discussed. For more details please see a16z.com/disclosures.

Unleashing Purpose and Prosperity with Pushkar Anand In this compelling episode, I sit down with Pushkar Anand, a transformational leader whose 15-year journey from high-achieving banker to purpose-driven author is nothing short of extraordinary. What began as a quest for personal success evolved into a mission to uplift humanity and empower others to unlock their highest potential. From Success-Seeker to Soul-Driven Leader Pushkar shares his evolution—rooted in voracious learning, with over 500 books read, countless seminars attended, and deep mentorship. His goal shifted from decoding the formula for success to creating a roadmap for others, helping them accelerate their growth without the long detour. His book is the result: a guide for those ready to step into their truth, purpose, and power. Authenticity as the Gateway to Purpose We dive into the heart of living authentically—what it really means to embody who you're meant to be. Pushkar's core belief is that once you're aligned with your true self, abundance naturally follows. I add that living with purpose makes us more resilient, magnetic, and inspiring. The answers we seek aren't “out there”—they live within us. Vibrational Alignment and Financial Freedom Pushkar breaks down how aligning your self-image with your financial vision can unlock exponential results. It's not just about goal-setting—it's about becoming the person who already has what they desire. By embracing “inspired action,” we can shift from hustle to harmony, planting seeds today for the wealth of tomorrow. The Power of Belief and Wealth Consciousness We unpack the deep power of self-belief, the rarity of human existence, and how our internal dialogue shapes our external reality. Pushkar introduces his “6 Statutes of Money,” challenging the myth that wealth is dependent on family background or formal education. The real key? Vibrational alignment and mindset mastery. Mastering Wealth Through Inner Work Pushkar explains that wealth isn't just earned—it's tuned into. Financial success is the byproduct of purpose, belief, and inner alignment. One of his key principles: there's no universal definition of “wealth”—it's as unique as each person's mission. Rewiring the subconscious can shift everything. A Book That Shifts Paradigms We close the conversation by exploring the impact of Pushkar's book—crafted to serve those ready to evolve. Whether you're starting your journey or looking to deepen your alignment with purpose and prosperity, Pushkar invites listeners to explore more through his site: PushkarAnandsWorld.com, where you'll find free resources, transformational programs, and tools to master your wealth from the inside out.  Pushkar Anand is the author of the #1 international bestseller Manifest Your Infinite Riches and founder of the Centre for Infinite Riches. Educated at the University of Cambridge and the London School of Economics, Pushkar was in the early stages of his traditional corporate career when a profound moment of insight in 2008 led him to evaluate his life expectations and priorities. This moment of insight set Pushkar on his quest as a seeker: an extraordinary quest of endless research and self-discovery that covered more than 500 books, thirty seminars, workshops and immersive learning experiences, and an intense four-year period of study with his teacher – Blaine Bartlett, whom he fondly addresses as Grandmaster B². Pushkar's fifteen-year journey resulted in his founding the Centre for Infinite Riches and authoring Manifest Your Infinite Riches. The Centre is best defined as a movement; a movement, whose purpose is to Uplift Humanity by empowering everyone it touches to become the person they were always meant to be. The Centre's vision is to uplift four million people by Pushkar's 50th birthday on October 21, 2026 and 100 million people by Grandmaster B²'s 80th birthday on September 9, 2026. https://pushkaranandsworld.com/about/ Book:  Manifest Your Infinite Riches

From headlines to hype, AI is everywhere—and so is the fear that it's coming for your job. It's faster, cheaper, tireless. But can it truly replace human workers? On this episode, Tom and Dylan dig into the real implications of AI in the workforce. What happens to education when the return on investment starts to shrink? And how do we prepare for a job market shaped by machines? It's a candid look at where we're headed as AI grows smarter—and what that means for all of us.

In this episode, host Sambhav Choudhury speaks with Gautam Rao, Associate Professor of Economics at UC Berkeley. From his unconventional journey from electronics engineering to economics, Gautam shares insights on his behavioral economics and mental health research in India. He discusses his collaborative study on psychotherapy's long-term effects in Goa, explores effective strategies for building partnerships with policymakers, and emphasizes the importance of fieldwork in challenging academic assumptions.

What if everything the "experts" told us about globalization, economics, and the future was wrong? Dr. Steve Turley, the "Patriot Professor" and author of over 20 books, joins Robert Bortins to discuss his latest work "America Awakened: The Collapse of Globalism and the Return to Faith, Family, and Freedom." They explore why globalism is collapsing after decades of dominance, how civilizational populism is rising worldwide, and what the new post-secular civilization will look like. The conversation covers the spiritual revival happening globally, the importance of classical education in preserving traditional values, the role of AI and technology in returning us to more human-centered approaches, and how the "people versus the permanent political class" realignment is reshaping politics. Dr. Turley explains why he's optimistic about America's future and how MAGA represents a uniquely American expression of the global return to faith, family, and freedom.   Resources: https://www.youtube.com/@DrSteveTurleyTV   https://turleytalks.com/   America Awakened: The Collapse of Globalism and the Return to Faith, Family, and Freedom https://www.amazon.com/America-Awakened-Collapse-Globalism-Freedom/dp/B0FFCWKH2R   This episode of Refining Rhetoric is sponsored by: Have you heard? National Memory Master and National Commencement are moving to the Classical Conversations family cruise in 2026. This cruise isn't just to celebrate CC graduates and memory masters, it's for all CC families! You can connect with CC leaders and families at all stages of their journey and turn education into a memorable family adventure as you explore the Bahamas aboard Royal Caribbean's Freedom of the Seas. Check out our landing page at www.classicalconversations.com/cruise-2026.

Swiss lender UBS posts a Q2 net profit beat but CEO Sergio Ermotti tells CNBC that tariff ‘fatigue' is beginning to affect client sentiment. Chinese and U.S. negotiators have failed to confirm a trade truce following 2 days of discussions in Stockholm. U.S. Treasury Secretary Scott Bessent speaks to our colleagues Stateside and says that any extended pause will be ultimately decided up on by President Trump. Disappointing revenues of up to a quarter at Gucci drag parent company Kering down in Q2. The French luxury giant warns of a second price adjustment following the U.S- EU trade deal. And Japan, the Pacific coast of the U.S. as well as Guam and Hawaii brace for a tsunami following a massive 8.8 Richter Scale earthquake off the coast of Russia's far East.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

This episode is about how to create your own luck, featuring USC Marshall's business professor and bestselling author, Christian Busch.#Endgame #GitaWirjawan #ChristianBusch---------------About the Guest: Christian is a German author, educator, and business professor at USC's Marshall School of Business. He is also an affiliate researcher at the London School of Economics, where he previously taught and co-directed the LSE Innovation Lab. His famous book is ‘The Serendipity Mindset' (2020), proposing the idea that “good luck isn't just chance”.About the Host:Gita is an Indonesian entrepreneur and educator. He is the founding partner of Ikhlas Capital and the chairman of Ancora Group. Currently, he is teaching at Stanford as a visiting scholar with Stanford's Precourt Institute for Energy; and a fellow at the Harvard Kennedy School's Belfer Center for Science and International Affairs.---------------You might also like:https://youtu.be/9eIMWmRG12whttps://youtu.be/dCEiC7W3Wywhttps://youtu.be/g8F5nd-eAyU---------------Explore and be part of our communityhttps://endgame.id/---------------Collaborations and partnerships:https://sgpp.me/contactus

Dave Cohen in for Tommy. Expensive labels are trying to figure out why sales have weakened so much outside a recession. Dave talks with Jose Bautista, Professor of Economics at Xavier

Dave Cohen in for Tommy Tucker. Dave talks about some changes to Louisiana party registration and then some consumer news.

Dave Smith brings you the latest in politics! On this episode of Part Of The Problem, Dave and Robbie "The Fire" Bernstein discuss Dave's feud with Alex Berenson on twitter, the ongoing low opinion of the Democratic party, Dan Bongino's cryptic tweet, and more.Support Our Sponsors:Proton Mail -http://www.proton.me/davesmithHexclad - Find your forever cookware @hexclad and get10% off at hexclad.com/PROBLEM! #hexcladpartnerZippix - http://www.zippixtoothpicks.com Use code "PROBLEM" Part Of The Problem is available for early pre-release at https://partoftheproblem.com as well as an exclusive episode on Thursday!ROB LIVE DATES HERE:PORCH Tour: www.porchtour.comFind Run Your Mouth here:YouTube - http://youtube.com/@RunYourMouthiTunes - https://podcasts.apple.com/us/podcast/run-your-mouth-podcast/id1211469807Spotify - https://open.spotify.com/show/4ka50RAKTxFTxbtyPP8AHmFollow the show on social media:X:http://x.com/ComicDaveSmithhttp://x.com/RobbieTheFireInstagram:http://instagram.com/theproblemdavesmithhttp://instagram.com/robbiethefire#libertarianSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

For decades, orthodox economics has treated morality as irrelevant—as if economic decisions happen in a vacuum, separate from our values and social bonds. But that approach has failed spectacularly, giving cover to policies that divide and exploit us. In this episode, Heather McGhee joins Nick and Paul to argue that morality must be central to how we think about the economy. They explore how racial division has been weaponized to undermine collective action, why “structural racism” can't be addressed without naming the powerful actors behind it, and how inclusive economic policies lead to more prosperity for everyone. Part of our Back-to-Basics summer series—essential listening for anyone ready to reject trickle-down and reimagine the economy as a moral system built on trust, justice, and cooperation. This episode originally aired April 2, 2019. Heather McGhee is a policy expert, author, and advocate for economic and racial justice. She is the former president of the progressive think tank Demos and currently serves as a Distinguished Senior Fellow. Heather is the author of the New York Times bestselling book, The Sum of Us, and her work has appeared in outlets such as The New York Times, The Nation, and NBC News. Further reading: The Moral Burden on Economists The Sum of Us: What Racism Costs Everyone and How We Can Prosper Together Website: http://pitchforkeconomics.com Instagram: @pitchforkeconomics Threads: pitchforkeconomics Bluesky: @pitchforkeconomics.bsky.social TikTok: @pitchfork_econ Twitter: @PitchforkEcon, @NickHanauer, @civicaction YouTube: @pitchforkeconomics LinkedIn: Pitchfork Economics Substack: ⁠The Pitch

AI adoption, dollar weakness and tax savings from the Big Beautiful Bill are some of the factors boosting our CIO and Chief U.S. Equity Strategist Mike Wilson's confidence in U.S. stocks.Read more insights from Morgan Stanley.----- Transcript -----Welcome to Thoughts on the Market. I'm Mike Wilson, Morgan Stanley's CIO and Chief U.S. Equity Strategist. Today on the podcast I will discuss what's driving my optimism on stocks. It's Tuesday, July 29th at 11:30am in New York. So, let's get after it. Over the past few weeks, I have been leaning more toward our bull case of 7200 for the S&P 500 by the middle of next year. This view is largely based on a more resilient earnings and cash flow backdrop than anticipated. The drivers are numerous and include positive operating leverage, AI adoption, dollar weakness, cash tax savings from the Big Beautiful Bill, and easy growth comparisons and pent-up demand for many sectors in the market. While many are still focused on tariffs as a headwind to growth, our analysis shows that tariff cost exposures for S&P 500 industry groups is fairly contained given the countries in scope and the exemptions that are still in place from the USMCA. Meanwhile, deals are being signed with our largest trading partners like Japan and Europe that appear favorable to the U.S. Due to the lack of pricing power, the main area of risk in the stock market from tariffs is consumer goods; and that's why we remain underweight that sector. However, the main tariff takeaway for investors is that the rate of change on policy uncertainty peaked in early April. This is the primary reason why earnings guidance bottomed in April as evidenced by the significant inflection higher in earnings revisions breadth—the key fundamental factor that we have been focused on. Of course, the near-term set up is not without risks. These include still high long-term interest rates, tariff-related inflation and potential margin pressure. As a result, a correction is possible during the seasonally weak third quarter, but pull-backs should be shallow and bought. In addition to the growth tailwinds already cited, it's worth pointing out that many companies also face very easy growth comparisons. I've had a long standing out of consensus view that the U.S. has been experiencing a rolling recession for the last three years. This fits with the fact that much of the soft economic data that has been hovering in recession territory for much of that period as well—things like purchasing manager indices, consumer confidence, and the private labor market. It also aligns with my long-standing view that government spending has helped to keep the headline economic growth statistics strong, while much of the private sector and many consumers have been crowded out by that heavy spending which has also kept the Fed too tight. Meanwhile, private sector wage growth has been in a steady decline over the last several years, and payroll growth across Tech, Financials and Business Services has been negative – until recently. Conversely, Government and Education/Health Services payroll growth has been much stronger over this time horizon. This type of wage growth and sluggish payroll growth in the private sector is typical of an early cycle backdrop. It's a key reason why operating leverage inflects in early cycle environments, and margins expand. Our earnings model is picking up on this underappreciated dynamic, and AI adoption is likely to accelerate this phenomenon. In short, this is looking more and more like an early cycle set up where leaner cost structures drive positive operating leverage after an extended period of wage growth consolidation. Bottom line, the capitulatory price action and earnings estimate cuts we saw in April of this year around Liberation Day represented the end of a rolling recession that began in 2022. Markets bottom on bad news and we are transitioning from that rolling earnings recession backdrop to a rolling recovery environment. The combination of positive earnings and cash flow drivers with the easy growth comparisons fostered by the rolling EPS recession and the high probability of the Fed re-starting the cutting cycle by the first quarter of next year should facilitate this transition. The upward inflection we're seeing in earnings revisions breadth confirms this process is well underway and suggests returns for the average stock are likely to be strong over the next 12-months. In short, buy any dips that may occur in the seasonally weak quarter of the year. Thanks for tuning in; I hope you found it informative and useful. Let us know what you think by leaving us a review. And if you find Thoughts on the Market worthwhile, tell a friend or colleague to try it out!

A sharp uptick in people with side hustles is fueling fears of another recession. Listeners call in to talk about their side hustles and how much more cash they make each month doing them. 

Trump is the first president in American history to seize the nation's newsrooms and attack a cartoon in the same week…See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Judge hit with misconduct complaint by DOJ after speaking out against Trump 'crisis' - say what?! Trump wants religion pushed in the workplace - what could possibly go wrong? Shocking corruption exposed in green energy and Big Oil give-a-ways. Crazy Alert! Did Trump just say going to Epstein's island is a "privilege?"See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

It's not controversial to say that we are living in times of deep division, where there are so many forces keeping us apart, politics being a big part of that.  But did you know that there's a link between how satisfied you think you are with your life, how much you trust others, and how you vote? It's a mind-blowing, less-discussed topic, despite being a chapter in the latest World Happiness Report. Importantly, to make a difference, we wonder this - how do we actually build trust with people who hold different viewpoints, especially if our first impulse is to block them, disregard their comments, or ignore them entirely? We're so glad today to have one of the co-authors of the World Happiness Report here to talk with us about how we can use our understanding of wellbeing and trust to build stronger communities, reconnect with each other, and also bridge the politics of division.    What to listen for: What the World Happiness Report is Despite our focus on class struggle or traditional ideologies as the explanation for why people vote a certain way, it's actually more about life satisfaction and trust.  The wallet study The truth - that unhappy people are attracted by the extremes of the political spectrum. Low-trust people are found more often on the far right, whereas high-trust people are more inclined to vote for the far left. How we can rebuild trust in community, one meal at a time About our guest:  Jan-Emmanuel De Neve is Professor of Economics and Behavioural Science at the University of Oxford, where he also directs the Wellbeing Research Centre. He is best known for his research on the economics of wellbeing which has led to new insights into the relationship between happiness and income, productivity, firm performance, and economic growth. His pioneering research is published in the leading academic journals across multiple disciplines, including Science, Nature, The Review of Economics and Statistics, Psychological Science,world we Management Science, Journal of Political Economy, and the British Medical Journal. His research was recognized among "The Management Ideas That Mattered Most" by Harvard Business Review and he currently guides the world's largest study on workplace wellbeing in partnership with Indeed. De Neve co-authored the main textbook on wellbeing science with Richard Layard, is an editor of the World Happiness Report, and co-founder of the World Wellbeing Movement. Additionally, he serves as a member of the UN Expert Group on Wellbeing Measurement. De Neve frequently consults for governments and major corporations, and his insights on wellbeing and policy are sought by leading global media. Two of his books include Wellbeing: Science and Policy, and Why Workplace Wellbeing Matters.   

If people really are our greatest asset, why is wellbeing still treated like a perk instead of a priority? In this episode of the Digital HR Leaders podcast, host David Green explores this very question with Jan-Emmanuel De Neve, Professor of Economics and Director of the Wellbeing Research Centre at University of Oxford, co-editor of the World Happiness Report, and co-author of Why Workplace Wellbeing Matters. Tune in as Jan shares eye-opening insights from a massive global dataset of over 25 million workers, revealing why employee wellbeing is a business-critical priority. You'll hear: The real drivers of happiness at work (and why most companies get it wrong) How employee wellbeing directly impacts performance, retention and recruitment The role of AI in shaping the future of meaningful, human-centered work This is a must-listen for HR and business leaders ready to shift from wellbeing-as-an-initiative to wellbeing-as-a-strategy. This episode is sponsored by Mercer. To thrive in an AI-augmented world, organisations must rethink how work gets done. Mercer's Work Design solution uses AI to deconstruct jobs, redeploy tasks, and redesign work for greater agility, productivity, and impact. Unlock your team's full potential. Learn more at mercer.com/wfdemo Links to resources: World Happiness Report Why Workplace Wellbeing Matters Hosted on Acast. See acast.com/privacy for more information.

For half a century, the Cold War defined global politics. Contested by two superpowers with opposing ideologies and interests, it touched nearly every part of the globe. It threatened nuclear war, and brought incalculable devastation to its battlefields – from Korea to Vietnam to Afghanistan and beyond. Could all the tension and violence have been avoided? Did the U.S. triumph or did the Soviet Union surrender? Where can we find Cold War continuities as the world unravels today? In this episode, historians Vladislav Zubok and Sergey Radchenko address these questions, which remain as relevant as ever, 30 years after the end of the Cold War. This episode was inspired by Zubok's new book (see below). Recommended reading: The World of the Cold War, 1945-1991 by Vladislav Zubok (2025) To Run the World: The Kremlin's Cold War Bid for Global Power by Sergey Radchenko (2024) Zubok teaches history at the London School of Economics and Political Science. Radchenko teaches history at Johns Hopkins School of Advanced International Studies. They were born in the Soviet Union.          

Subscribe to the podcastThe "Wolf of All Streets" had a tweet about early whales leaving Bitcoin.Learn about Bitcoin at a trickleBitcoinTrickle.comSponsorLiberty MugsKeep in touch with us everywhere you areJoin our Telegram groupLike us on FacebookFollow us on Twitter: @libertymugs (Rollo), @Slappy_Jones_2Check us out on PatreonLearn everything you need to know about Bitcoin in just 10 hours10HoursofBitcoin.comPodcast version

Financial stability and economic growth has been a staple of national prosperity and business success. In this search for predictable prosperity, fueled by individual ownership and material attainment, we forget that economic models were built as a fix to a problem within the specific context of a social need. Today, economic models have become the convention our society moves within, and the narrative of perpetual growth is familiar. But are these models serving society in the context we now live in, one that requires constraint? To explore these frameworks that rule our lives, we're joined by economist Hans Stegeman, who, in his double life as Chief Economist at Triodos Bank in the Netherlands by day, and independent thinking columnist by night, shows how provocative questions that help us re-perceive existing systems can influence change from inside the system. ----------More:Looking Outside podcast www.looking-outside.comConnect with host, Jo Lepore on LinkedIn & X & jolepore.comLearn more about Hans StegemanFollow Hans on LinkedIn & subscribe to his newsletter - Tipping PointsSubscribe to Hans' Substack - System Economics----------⭐ Follow & rate the show - it makes a difference!----------Looking Outside is a podcast exploring fresh perspectives of familiar topics. Hosted by its creator, futurist and strategist, Jo Lepore. New episodes every 2 weeks. Never the same topic.All views are that of the host and guests and don't necessarily reflect those of their employers. Copyright 2025. Theme songs by Azteca X.

European leaders vent their frustration at the trade deal secured by U.S. President Donald Trump with the EU as details of the agreement begin to sink in around the bloc. Trump has said he will set tariffs in the 15-20 per cent range ahead of the Friday, 1st August global deadline. Philips hikes its guidance after concluding that Trump's tariffs will affect profits less than previously expected.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Ian Verrender, ABC's Business and Finance Editor, joined Philip Clark on Nightlife to discuss the latest in economic, business and finance news.

Brian Armstrong, born in San Jose, California, is the co-founder and CEO of Coinbase, the largest U.S.-based cryptocurrency exchange, which he launched in 2012 with Fred Ehrsam. A Y Combinator alumnus, Armstrong grew up in a middle-class family and earned a B.A. in Economics and Computer Science from Rice University in 2005, followed by an M.S. in Computer Science in 2006. Before founding Coinbase, he worked as a software engineer at Airbnb developing anti-fraud tools and founded UniversityTutor.com, an online tutoring marketplace. Under his leadership, Coinbase went public via direct listing in 2021, reaching a $100 billion valuation. As of 2025, it serves over 110 million users with a market cap around $60 billion. A Forbes-listed billionaire with a net worth of approximately $10 billion, Armstrong is a vocal advocate for clear crypto regulation. He founded the Stand With Crypto PAC in 2023 to support pro-crypto politicians, promotes decentralized identity solutions, and has pledged 99% of his wealth to charity through the Giving Pledge. Shawn Ryan Show Sponsors: https://betterhelp.com/srs This episode is sponsored. Give online therapy a try at betterhelp.com/srs and get on your way to being your best self. https://bunkr.life – USE CODE SRS Go to https://bunkr.life/SRS and use code “SRS” to get your 25% off your family plan https://shawnlikesgold.com https://helixsleep.com/srs https://rocketmoney.com/srs https://ROKA.com – USE CODE SRS https://ziprecruiter.com/srs Learn more about your ad choices. Visit podcastchoices.com/adchoices

Many students graduate high school today without having read a book cover to cover. Many students struggle to learn to read at all. How did this happen? Listen as educator and author Doug Lemov talks with EconTalk's Russ Roberts about the failed fads in reading education, the mistaken emphasis on vocabulary as a skill, and the importance of background knowledge for thinking and reading comprehension. Lemov and Roberts also discuss their love of difficult-to-read authors, the power of reading in groups, the value of keeping a reading journal, and how even basketball can be more enjoyable when we have the right terminology.

Our Head of ASEAN Research Nick Lord discusses how Singapore's technological innovation and market influence are putting it on track to continue rising among the world's richest countries.Read more insights from Morgan Stanley.----- Transcript -----Welcome to Thoughts on the Market. I'm Nick Lord, Morgan Stanley's Head of ASEAN Research.Today – Singapore is about to celebrate its 60th year of independence. And it's about to enter its most transformative decade yet.It's Monday, the 28th of July, at 2 PM in Singapore.Singapore isn't just marking a significant birthday on August 9th. It's entering a new era of wealth creation that could nearly double household assets in just five years. That's right—we're projecting household net assets in the city state will grow from $2.3 trillion today to $4 trillion by 2030.So, what's driving this next chapter?Well, Singapore is evolving from a safe harbor for global capital into a strategic engine of innovation and influence driven by three major forces. First, the country's growing role as a global hub. Second, its early and aggressive adoption of new technologies. And last but not least, a bold set of reforms aimed at revitalizing its equity markets.Together, these pillars are setting the stage for broad-based wealth creation—and investors are taking notice.Singapore is home to just 6 million people, but it's already the fourth-richest country in the world on a per capita basis. And it's not stopping there.By 2030, we expect the average household net worth to rise from $1.6 million to an impressive $2.5 million. Assets under management should jump from $4 trillion to $7 trillion. And the MSCI Singapore Index could gain 10 percent annually, potentially doubling in value over the next five years. Return on equity for Singaporean companies is also set to rise—from 12 percent to 14 percent—thanks to productivity gains, market reforms, and stronger shareholder returns.But let me come back to this first pillar of Singapore's growth story. Its ambition to become a hub of hubs. It's already a major player in finance, trade, and transportation, Singapore is now doubling down on its strengths.In commodities, it handles 20 percent of the world's energy and metals trading—and it could become a future hub for LNG and carbon trading. Elsewhere, in financial services, Singapore's also the third largest cross-border wealth booking centre, and the third-largest FX trading hub globally. Tourism is also a key piece of the puzzle, contributing about 4 percent to GDP. The country continues to invest in world-class infrastructure, events, and attractions keeping the visitors—and their dollars—coming.As for technology – the second key pillar of growth – Singapore is going all in. It's becoming a regional hub for data and AI, with Malaysia and Japan also in the mix. Together, these countries are expected to attract the lion's share of the $100 billion in Asia's data center and GenAI investments this decade.Worth noting – Singapore is already a top-10 AI market globally, with over 1,000 startups, 80 research facilities, and 150 R&D teams. It's also a regional leader in autonomous vehicles, with 13 AVs currently approved for public road trials. And robots are already working at Singapore's Changi Airport.Finally, despite its economic strength, Singapore's stock market had long been seen as sleepy — dominated by a few big banks and real estate firms. But that's changing fast and becoming the third pillar of Singapore's remarkable growth story.This year, the government rolled out a sweeping set of reforms to breathe new life into the market. That includes tax incentives, regulatory streamlining, and a $4 billion capital injection from the Monetary Authority of Singapore to boost liquidity—especially for small- and mid-cap stocks.We also expect that there will be a push to get listed companies more engaged with shareholders, encouraging them to communicate their business plans and value propositions more clearly. The goal here is to raise Singapore's price-to-book ratio from 1.7x to 2.3x—putting it on a par with higher-rated markets like Taiwan and Australia.So, what does all this mean for investors?Well, Singapore is not just celebrating its past—it's building its future. With smart policy, bold innovation, and a clear vision, it's positioning itself as one of the most dynamic and investable markets in the world.Thanks for listening. If you enjoy the show, please leave us a review wherever you listen and share Thoughts on the Market with a friend or colleague today.

General Motors' CFO says they won't raise prices despite the tariffs and Pres. Trump announced a new tariff deal with the European Union.  Alexandra Svokos, the digital managing editor of Kiplinger, talks about what some economic indicators say about the effects of the new tariffs.

When did healthcare marketing become so disconnected from the people it needs to reach? Brandon Edwards, founder of Unlock Health and a 30-year veteran in healthcare marketing, joins us for a provocative conversation about why traditional approaches are failing in what he calls "the post-truth era."Edwards reveals a startling reality: roughly half the population deeply distrusts institutions and experts – the very foundation of most healthcare marketing. "There's about half the population that has a heavy distrust of institutions and experts, and if you're a healthcare provider, you're marketing on behalf of an institution and featuring experts in white coats," Edwards explains. This tribal division requires fundamentally different approaches to connect with skeptical audiences.We tackle the controversial practice of hospitals sponsoring professional sports teams and stadiums – with some organizations spending upwards of $50 million on these arrangements. Are these investments justified when healthcare systems face unprecedented financial pressures? Edwards questions whether these high-profile sponsorships effectively reach new patients or merely reinforce negative stereotypes about healthcare spending.The conversation dives deep into the increasingly adversarial relationship between healthcare providers and insurance companies. As Edwards bluntly states, "The entire healthcare system is designed for insurance companies – it's their world and we're just living in it." This power imbalance has created a system where providers struggle for sustainability while payers extract enormous profits as middlemen.For healthcare leaders navigating these challenges, Edwards offers practical guidance: eliminate non-essential services, develop real-time measurement dashboards, and craft marketing that resonates with diverse audiences through authentic messengers they trust. Most importantly, organizations must recognize that commercially-insured patients subsidize their broader mission – making effective marketing to these groups essential for long-term survival.With Medicare facing insolvency within 7-8 years and recent budget cuts threatening to increase the uninsured population, this conversation couldn't be more timely. What will it take for our healthcare system to evolve beyond its current dysfunctional state? Listen now to explore potential paths forward.Support the showEngage the conversation on Substack at The Common Bridge!

This is the overlooked role that launched a revolution — and it's still wide open for progressives...See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Guest-host Jefferson Smith of the Democracy Nerd Podcast sits in for Thom Hartmann examining the Epstein question. Is it a legitimate pursuit of justice or dead end distraction? Also Jeff's dad Joe Smith returns for the ever popular "News With My Dad" feature. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

General Motors' CFO says they won't raise prices despite the tariffs imposed by Trump's White House, and the retaliatory tariffs imposed by the US's global trade partners.On Today's Show:Alexandra Svokos, the digital managing editor of Kiplinger, talks about what some economic indicators say about the effects of the new tariffs.

In this special episode, Chuck is joined by Graham Campbell, director of Economics & Research for the New Zealand Infrastructure Commission. They discuss the true cost of infrastructure — and why both New Zealand and North America are facing the same financial and structural challenges. ADDITIONAL SHOW NOTES Chuck Marohn (Substack) Want to bring the conversation to your city? Book Chuck Marohn as a speaker.   This podcast is made possible by Strong Towns members. Click here to learn more about membership, including member-exclusive perks.

Paul Kupiec is a senior fellow at the American Enterprise Institute. In Paul's first appearance on the show, he discusses life at a think tank, the insolvency of the Fed, theories on how to fix the Fed's balance sheet, Ted Cruz's call to end interest on reserves, and much more.  Check out the transcript for this week's episode, now with links. Recorded on June 24th, 2025 Subscribe to David's Substack: Macroeconomic Policy Nexus Follow David Beckworth on X: @DavidBeckworth Follow the show on X: @Macro_Musings Check out our Macro Musings merch! Subscribe to David's new BTS YouTube Channel  Timestamps 00:00:00 - Intro 00:01:14 - Paul's Career 00:08:12 - Think Tanks 00:10:42 - Current State of the Fed's Balance Sheet 00:20:22 - The Federal Reserve and Gold 00:23:04 - The Fed's Unique Accounting 00:39:28 - Ending Interest on Reserve Payments to Banks 00:50:08 - Outro

Roundup of the Week's Top Stories in Economics and FreedomInflation Finally RisesRenters hit Record HighTrump's America First Trade DealsNew York to Empty the PrisonsJobs After AIRead the full article “Jobs After AI” at https://www.profstonge.com/Visit our Sponsor: Monetary MetalsEarn 5% to 12% interest on your physical gold and silver, paid in physical gold and silver.Visit our Sponsor: CoinKiteProtect your Bitcoin with an Ultra-Secure Hardware WalletDisclaimer: This post contains affiliate links. If you make a purchase, I may receive a commission at no extra cost to you.Support the show

Losing a spouse changes everything, emotionally, mentally, and financially. But while grief is often discussed, the money struggles that come with it are rarely part of the conversation, or just grief in general. From paperwork and decisions to pressure and overwhelm, surviving spouses are often expected to figure it all out. In this episode, Certified Financial Planner and Air Force veteran, Daniel Kopp, talks about the financial side of grief, what widows and widowers really face after loss, the emotional weight behind every decision, and how to find stability when your world feels upside down. He shares both his personal experience and professional insights on navigating life after loss. Daniel Kopp, MA, MS, CFP ®, is a fee-only financial planner, financial therapist, and founder of Wise Stewardship Financial Planning, where he helps young widows and widowers as well as military members organize their financial lives by aligning money with their deeply-held values.  He leverages his experiences as a widower and Air Force veteran to offer a deeper level of engagement and connection with his clients. He is also an XYPN and NAPFA member, as well as being a founding board member of the Military Financial Advisors Association (MFAA). Daniel's education includes his undergraduate with a BS in Economics from Purdue University with highest distinction, an MA from American Military University, a Graduate Certificate in Financial Therapy and an MS in Personal Financial Planning from Kansas State University (KSU). He has been published in the Journal of Financial Therapy for his research on working with widows dealing with money avoidance. https://milmo.co/podcast/life-after-loss For more MILMO, follow at: MILMO.co ItsMILMO on YouTube @itsmilmo on X @itsmilmo Instagram @itsmilmo LinkedIn @itsmilmo Facebook

There is a growing interest in understanding the economics of serial acquisitions, particularly in the healthcare industries and markets, and whether such corporate strategies lead to changes in prices and quality causing antitrust concerns. What has been found in existing economic studies? Paul Eliason, Assistant Professor of Economics at Brigham Young University and co-author of a leading study on serial acquisitions focusing on the dialysis industry, discusses his observations and insights with Anora Wang and Derek Jackson. Listen to this episode to learn about the knowns and unknowns from the empirical evidence as well as implications for competition policy. With special guest: Dr. Paul Eliason, Assistant Professor of Economics, Brigham Young University Related Links: How Acquisitions Affect Firm Behavior and Performance: Evidence from the Dialysis Industry, Journal of Quarterly Economics Hosted by: Anora Wang, Arnold & Porter Kaye Scholer LLP and Derek Jackson, Cohen & Gresser LLP

The Faith to Go Team is joined by the Rev. KC Robertson and the Rev. Christopher Montella, to discuss this week's Gospel from Luke 12:13-21. Together, they explore the economics of the kingdom of heaven and how these teachings resonate with KC and Christopher's ministries. Don't miss this insightful conversation! Find out more about the Rev. KC Robertson's Ministry at https://www.stmatthews.com/Find out more about the Rev. Christopher Montella's ministry at https://www.st-stephens.orgFind out more about Camp Steven's at https://campstevens.org/Faith to Go is a ministry of The Episcopal Diocese of San Diego. Click here to learn more about EDSD's great work in our region and how you can support this ministry.Remember to get in contact with us!Email: faithtogo@edsd.orgInstagram: @faithtogo

In this thoughtful and timely conversation, Mike Baer is joined by Steve Rundle—economist, professor, and one of the early voices shaping the Business as Mission (BAM) movement. They explore the deep integration of theology, economics, and entrepreneurship, challenging the idea that ministry and business are separate callings. Steve shares insights from decades of teaching and research, speaks to common misconceptions about BAM, and offers honest reflection on the evolution of the movement. Whether you're an academic, a practitioner, or just wondering if business really has Kingdom potential—this episode is packed with wisdom, history, and faith-rooted clarity.

Economist Dr. Clara Piano talks about declining birth rates, failed pronatalist policies, "luxury beliefs," and how families benefit cities in ways that singletons don't. Leah tells "a lovely story," since she doesn't know much about economics.Additional resources:--"The fertility gap and economic freedom," CE Piano and LR Stone, Contemporary Economic Policy--"Autocratic family policy," CE Piano, Constitutional Political Economy--Essays in the Economics of Religion and Family, CE Jace (Piano)Related Conversation Balloons episodes:Episode 50: Religious Reproduction with Dr. Eric KaufmannEpisode 55: Taboo with Dr. Eric KaufmannThe Children of Men--a novel by PD JamesThe Two-Parent Privilege--Melissa KearneyHans Rosling, Religions and Babies, TED Talk https://www.ted.com/talks/hans_rosling_religions_and_babies?referrer=playlist-the_best_hans_rosling_talks_yo&autoplay=true

Monday afternoon means a fresh episode of Real Life was recorded, edited, and is ready to help you kick off your workweek. On today's podcast, the guys discussed minor annoyances that ruin your day, Tyler's wedding games, Erik Sabrowski's success in Cleveland, and anything else that came about.The guys started the Monday episode of Real Life with Tyler venting about his trip to A&W and not having ketchup included in his order. As you'll hear, our boy is very passionate about his fries, and not having the requested ketchup included in the bag was enough to ruin his afternoon. Too much? Probably, but Tyler's annoyance did lead to another round of talking about the Coldplay concert incident.Changing gears, Tyler then spoke about the putting green he built over the weekend, and how wedding guests will use it to earn more drink tickets. With drinks only $2 each, the idea of doubling your number of drink tickets seems unnecessary, but that doesn't mean everyone won't still have a good time anyway. Sticking with the wedding theme, the guys spent a few minutes discussing how the team will be congregating in Italy for Leon Draisaitl's wedding, and how everyone who is already there looks so relaxed and colour-coordinated ahead of the big day.Finally, the guys wrapped up the Monday episode of Real Life with a discussion about baseball economics and how it's wild that league is able to hold daytime games and have thousands of people show up to watch. Talking about baseball led the guys to discuss how long it will be until friend of the show Erik Sabrowski is able to sign a big contract with the Cleveland Guardians.SHOUTOUT TO OUR SPONSORS!!

U.S. President Donald Trump and European Commission President Ursula von Der Leyen announce a deal to avert a full-blown trade war but the EU will still be hit with tariffs of 15 per cent. European futures move higher on the news as investor sentiment stabilises ahead of the tariff deadline this Friday. Heineken posts an H1 beat and backs its FY forecast.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Tue (Matt) Le-Quang is a Data Reporter at VnExpress.net. He spent time with us today analysing and mapping the upgrade of Vietnam's administrative boundaries. Quoting from his publication VnExpress (Google Translate): "After the reorganization of 34 provinces and cities, the number of commune-level administrative units in Vietnam decreased by 67%, from 10,035 to 3,321 units. Of which, Hanoi merged the most units with a reduction rate of more than 77%."Tue has made a web app about this here. There has been a bit of debate over it the past half decade, such as this 2020 piece from VnExpress. Most recent English coverage I can find is this. The country used to have 63 provinces, now there will be 28 with 6 extra cities as their own areas, for a total of 34. A pertinent quote from that article speaks of large savings for the taxpayer: "This restructuring is projected to reduce the workforce by approximately 250,000 people, including 130,000 officials, civil servants, and public employees, as well as 120,000 part-time workers at the commune level. The reform is expected to save more than VND190 trillion (US$7.3 billion) in the 2026–2030 period."This brings up the work of Daron Acemoglu and James A. Robinson in Why Nations Fail and The Narrow Corridor.Work for which they were awarded the Nobel Prize in Economics along with Simon Johnson. These books are riveting. They describe, as the title of the first says, how destruction of, or failure to maintain, institutions causes a nation to fail. The second book, The Narrow Corridor, is intended - in Daron's words from the second video above - "…to provide a framework that is applicable across ages and across countries for thinking about what supports prosperity, what supports democracy and what supports liberty. The key idea ... is what supports robust participation from the people and we need the state to play a pro liberty, pro prosperity role. In particular to create inclusive markets which have the right legal system, provide equality of opportunity, the right regulations against the powerful actors."It is so inspiring to see their work quoted by a citizen of, and reporter from, Vietnam in the midst of state action to navigate the country into The Narrow Corridor. Thank you to Tue for giving us the privilege of this report and for all the diligence providing insight to the readers of VnExpress through geospatial apps. Clearly he is a talent, and a credit to the education system of Vietnam.

It is arguably the number one issue facing the government – how do they get the economy thriving and growing again.  Sam and Anne are joined by Sky News' Economics and Data Editor, Ed Conway, to weigh up the options on the table for Rachel Reeves.  Ahead of a crucial budget in the autumn, the trio address:  How will the Chancellor fill the black hole in the public finances? Are tax changes on the horizon? Will there be more nationalisation?  Plus, there is still some time to predict if Rachel Reeves will remain in Number 11 Downing Street, after a tumultuous year in office.  Sam and Anne are getting a lie-in over summer recess, but they'll be in your feed with special episodes every Monday before normal services resumes on September 1st. 

In this episode, we dive into the world of experimental research on unstructured bargaining, exploring how real-world negotiations unfold when stripped of rigid rules and scripts. Our guest Emin explains how opening offers shape the conversation, the unspoken dance of reputation, and the ticking clock of deadlines – showing that even in seemingly messy contexts, strategic patterns emerge.   Emin Karagözoğlu is Associate Professor of Economics at Bilkent University. His work spans behavioural and experimental economics, game theory, and neuroeconomics, with a strong research focus on bargaining, fairness, morality, and dynamic negotiation processes.

Congressman Mark Pocan - National Progressive Townhall. The Trump FCC's approval of Paramount/Skydance "reeks of the worst form of corruption." Surprised? Geeky Science! Scientists discover ‘sixth sense' in the gut that controls how much we eat. Los Angeles Grand Juries Are Refusing to Indict ICE Protestors. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Bernie goes big and introduces the Pensions for All Act. Republicans are working hard to block it. Cult Alert! Trump cult followers dismiss Epstein files because it's "human nature" to molest children. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.