Podcasts about global economy

Craig Bolanos, Founder and Wealth Advisor at VestGen Wealth Partners, joins John Williams to talk about the stock market rallying today, his thoughts on Meta’s Muse AI, how AI is changing the global economy, the overall resiliency of the market, why he supports the Fed decision to raise interest rates, and the importance of having a […]

Craig Bolanos, Founder and Wealth Advisor at VestGen Wealth Partners, joins John Williams to talk about the stock market rallying today, his thoughts on Meta’s Muse AI, how AI is changing the global economy, the overall resiliency of the market, why he supports the Fed decision to raise interest rates, and the importance of having a […]

Craig Bolanos, Founder and Wealth Advisor at VestGen Wealth Partners, joins John Williams to talk about the stock market rallying today, his thoughts on Meta’s Muse AI, how AI is changing the global economy, the overall resiliency of the market, why he supports the Fed decision to raise interest rates, and the importance of having a […]

What did President Xi Jinping's summit with Donald Trump tell us about the future of US-China relations? Has the latest trade truce brought the two sides any closer to resolving their differences? And with China's exports booming despite weak domestic demand, can the economy continue to hold up?Chief Global Economist Jennifer McKeown and Head of China Economics Julian Evans-Pritchard join us on the latest episode of The Weekly Briefing to discuss the Xi-Trump summit, tariffs, rare earths, AI and Taiwan, as well as the outlook for China's economy.Also on the show, we discuss the latest edition of our China Economic Outlook, including why exports remain so strong, why domestic demand is still weak and what this means for China's growth, inflation and property markets.https://www.capitaleconomics.com/publications/china-economic-outlook/near-term-relief-headwinds-remainhttps://www.capitaleconomics.com/key-issues/china-shock-20

Treasury yields at 20-year highs. Oil swinging wildly above US$100. Gold sliding while copper soars. Are markets pricing in reality — or just riding the hype? Correspondent Howie Lim sits down with Desmond Fu, head of investment management Singapore at Western Asset Management, to discuss AI productivity puzzle, bond market tremors, US-China rare earth leverage, Fed hawkishness, and Asian currency wars. In a higher-for-longer world, the difference between resilience and recklessness could be one rate hike. Highlights: 01:19 AI hype vs reality: Is the productivity boom real? 03:15 Bond markets repricing in a higher-for-longer 04:34 Oil volatile…still 09:02 Fed hawkishness: Underestimating how long rates stay high 12:03 Gold vs copper, two different stories --- Send us your questions, thoughts, story ideas, and feedback to btpodcasts@sph.com.sg. --- Written and hosted by: Howie Lim (howielim@sph.com.sg) With Desmond Fu, head of investment management, Singapore at Western Asset Management Edited by: Howie Lim & Claressa Monteiro Produced by: Howie Lim & Chai Pei Chieh A podcast by BT Podcasts, The Business Times, SPH Media --- Follow Market Focus Weekly podcasts every Friday: Channel: bt.sg/btmktfocus Amazon: bt.sg/mfam Apple Podcasts: bt.sg/mfap Spotify: bt.sg/mfsp YouTube Music: bt.sg/mfyt Website: bt.sg/mktfocus Do note: This podcast is meant to provide general information only. SPH Media accepts no liability for loss arising from any reliance on the podcast or use of third party’s products and services. Please consult professional advisors for independent advice. Discover more BT podcast series: BT Money Hacks at: bt.sg/btmoneyhacks BT Correspondents at: bt.sg/btcobt BT Podcasts at: bt.sg/podcasts BT Lens On: bt.sg/btlensonSee omnystudio.com/listener for privacy information.

Why are there so many headlines right now about bond yields and interest rates? And what does it all mean for the global economy? The latest Chief Economists Outlook, a regular pulse-check of the global economy, shows an uptick in the number of economists expecting stability rather than a downturn. We ask EY's Chief Economist Gregory Daco why that is. And he weighs in on the issue of interest rates: "Higher commodities prices, higher oil prices ... are feeding into higher inflation and leading to expectations of central banks around the world tightening monetary policy to prevent inflation from becoming an anchored phenomenon." Links: Chief Economists Outlook: https://www.weforum.org/publications/chief-economists-outlook-september-2026 Related episodes: AI's real impact on jobs - what it means for you, your company and future generations: https://www.weforum.org/podcasts/radio-davos/episodes/ai-jobs-education-cognizant/ The Hormuz shock, AI and China: the state of global energy, with Jason Bordoff: https://www.weforum.org/podcasts/radio-davos/episodes/amnc26-energy-china-hormuz-oil-gas-renewables-bordoff/ Chief Economists Outlook: counting the cost of the Hormuz crisis, with Maersk's Ilaria Maselli: https://www.weforum.org/podcasts/radio-davos/episodes/chief-economists-outlook-maersk-ilaria-maselli/ Check out all our podcasts on wef.ch/podcasts:  YouTube - https://www.youtube.com/@wef/podcasts Radio Davos - subscribe: https://pod.link/1504682164 Meet the Leader - subscribe: https://pod.link/1534915560 Agenda Dialogues - subscribe: https://pod.link/1574956552

It was my pleasure to invite Lou Pauly into the Virtual Studio to examine the state of the global economy with Donald Trump once again US President, with the US holding a $40 trillion debt and the impact of Donald Trump on geopolitical relations of the Great and Middle Powers. I also hope to assess with Lou the current state of the Global Order, or maybe more aptly the current state of the Global Disorder. Lou is a Professor, Fellow of the Royal Society of Canada, and the J. Stefan Dupré Distinguished Professor of Political Economy, Department of Political Science, University of Toronto. His interests include: International and Comparative Political Economy, Politics of Finance and Innovation, and Global Economic Governance. His books include: Insuring States in an Uncertain World: Towards the Collaborative Government of Complex Risks; The Myth of the Global Corporation, 2025; Who Elected the Bankers? Surveillance and Control in the World Economy; and Opening Financial Markets. He is also the former editor of International Organization (with Emanuel Adler).

Neil Shearing and Jennifer McKeown unpack a pivotal week for the world's major central banks. They discuss the Federal Reserve's latest rate hike and what it says about the independence of central banks in an era of political pressure. They then talk about why the market may be mispricing the future path of interest rates in the US, euro-zone, Japan and the UK. Finally, they discuss Capital Economics' new China Shock 2.0 research programme, exploring how China's export surge is reshaping the global economy and creating challenges and opportunities for Europe, Asia and beyond.Find out more about our China Shock 2.0 work and upcoming events:https://www.capitaleconomics.com/events#in-personhttps://www.capitaleconomics.com/key-issues/china-shock-20 

(September 17, 2026) Global economy is running out of wiggle room. LAUSD faces tough choices: Which schools to close, update or rebuild as enrollment dives. The online predator next door: Feds hunt down L.A. members of child sex abuse network.See omnystudio.com/listener for privacy information.

A New York condo sold for $238 million, but the city assessed it at just $15.5 million. Mayor Zohran Mamdani has framed his new pied-à-terre tax as a way to “tax the rich,” but a recent article by Ken Girardin, “The Sheer Absurdity of New York's Pied-à-Terre Tax,” argues that the bigger problem sits underneath it. Chuck Marohn talks with Urban Three founder Joe Minicozzi and land economist Lars Doucet about how classifications, assessment caps, and decades of special rules can shift the tax burden away from high-value property. If the system is already distorted, does adding another tax make it fairer or just harder to fix? ADDITIONAL SHOW NOTES "The Absurdity of New York City's Pied-à-Terre Tax" by Ken Girardin, Theatlantic.com (September 2026) Chuck Marohn (LinkedIn) Joe Minicozzi (LinkedIn), URBAN3 (Site) Lars Doucet (LinkedIn), Center for Land Economics (Site) Articles Mentioned an Downzone: DALT: Depreciation-Assisted Land Value Tax (Substack) Moneygpt: AI and the Threat to the Global Economy by James Rickards (Site) Subtract: The Untapped Science of Less by Leidy Klotz (Site) Made to Stick: Why Some Ideas Survive and Others Die by Chip Heath and Dan Heath (Site) Book Review: The Natural Dividend (Site)  Theme Music by Kemet the Phantom.   This podcast is made possible by Strong Towns members. Thank you! Join fellow members discussing this episode in The Commons.

Over the last week, the Houthis - an Iran-backed militant group in Yemen - have captured two strategic islands along the Red Sea coast, consolidating its control of a key international shipping route known as the Bab al-Mandab strait. Saudi Arabia has relied on access to the strait for exporting it oil to customers in Asia. With the Strait of Hormuz already closed due to the Iran war, the Houthis' control of this vital waterway threatens to deepen the global oil supply crisis. Tristan Redman is joined by the BBC's Security Correspondent Frank Gardner to unpack who the Houthis are, what they want, and how they have come to hold so much influence on the world's economy. Producers: Aron Keller and Lucy PawleExecutive producer: Bridget Harney Digital producer: Charlie Firth Sound engineer: Travis EvansSenior news editor: China CollinsPhoto: Houthi fighters in Sana'a, Yemen, 10 September 2026. Credit: EPA/ Shutterstock / Yahya Arhab

Monday, September 14, 2026Today, Todd Blanche's deputy has filed an appeal to resurrect the $1.776B Slush Fund and Trump tax immunity agreement; Iran-backed Houthis have attacked the East West Saudi oil pipeline and have seized a key island in the Bab al-Mandab Strait; the Pentagon pushed two airmen shot down over Iran to appear on 60 Minutes; Chinese satellite imagery has been linked to an Iranian strike that killed three US troops; Donald Trump pushes back against Anthropic's Amodei and OpenAI's Sam Altman called for an artificial intelligence slowdown; a federal judge has ruled that Trump's plan to cut FEMA by 50% is illegal; plus Allison delivers your Good News.Thank You, HomeChef |For a limited time, get 50% off and free shipping for your first box PLUS free dessert for life! HomeChef.com/DAILYBEANS. Must be an active subscriber to receive free dessert.Thank You, Honeylove | Save 20% Off Honeylove by going to honeylove.com/DAILYBEANS #honeylovepod #sponsored Blue Wave Nation | https://secure.actblue.com/donate/mswbluewaveThe Trump Epstein Memorial BookmobileThe Daily Beans is proud to partner with Miles Taylor and our friends at DEFIANCE.org For a limited time, members of the Daily Beans community can receive a FREE 3-month full membership to DEFIANCE.org and gain access to one of the fastest-growing pro-democracy movements in America. Join here: https://www.defiance.org/beansThe Latest Breakdown →Trump's DOJ Just BLEW UP Its Own Story In MY LawsuitNew Unjustified →The Grand ConspiracyDiamond Dames → Diamond Dames - YouTube Diamond Dames - A Ted Lasso PodcastPatreon → The Daily Beans | PatreonStories‘A f***-up of epic proportions': Blame game begins after Iran-backed Houthis' lightning advance down Red Sea coast | CNNSaudi oil pipeline shut down after attack triggers fires | CNN PoliticsInside Hegseth's push to showcase a dramatic Iran rescue on ‘60 Minutes' | CNN PoliticsU.S. Links Chinese Satellite Imagery to Iranian Strike That Killed Three Troops | WSJTrump downplays the need to check AI development and says he doesn't want to cede edge to China | ABC7 Los AngelesFederal judge rules Trump plan to cut FEMA by 50 percent was unlawful | Washington PostGood TroubleScreenings — Steal This Story, Please!→Battleground Support Hub - Democrats.org→Voter Registration Deadlines - Vote.org→Hands Off Our Vote! 2026 Toolkit | Indivisible→Help staff your local polling place - Power The Polls→Voter Registration Volunteer Opportunities · Mobilize→Helpline Orientation- Spanish Speakers Needed! - VoteRiders→Help save Texas from Ken Paxton! →NO HATE in WA State→Stand With Minnesota →iceout.org Good Newssaatchiart.com - tommmcintire@tommcintireartist.bsky.socialYork River State ParkOct 9 -Southwest Funny Fest:Dana Goldberg's Southwest FunnyFest - City of Albuquerque -Email Dana@DanaGoldberg.com for sponsorship informationTickets for Dana Goldberg: Outrageous - Sep 23 - Den Theater - Chicago →Share your Good News & Good Trouble - The Daily Beans→Beans Talk audio -beans-talk.simplecast.comSubscribe to the MSW on YouTube - MSW Media - YouTubeOur Donation LinksThe Trevor Project - trevorproject.org/beansBlue Wave California - ActBlue.com/donate/msw-bwcDonate to Public Citizen - https://citizen.org/beans/National Security Counselors - Donate, WhistleblowerAid.org/beansDonate to It Gets Better / The Daily Beans FundraiserPathways to Citizenship - boomerang - pathways Dana and The Daily Beans support of Human Rights Campaign ONE CAUSE HRCThe Daily Beans supports It Gets BetterDr. Allison Gill - The Breakdown | Allison Gill, Mueller, She Wrote @muellershewrote.com - Bluesky, MSW & The Daily Beans Podcast @muellershewrote - Instagram, MSW Media - YouTube →Federal workers email AG - fedoath@pm.meDana Goldberg - Dana is on Patreon! At Dana's Dugout, @dgcomedy - Bluesky, @dgcomedy - IG, Dana Goldberg - Facebook, DanaGoldberg.comMore from MSW Media - Shows, Cleanup On Aisle 45 pod, The Breakdown | Allison Gill Reminder - you can see the pod pics if you become a Patron. The good news pics are at the bottom of the show notes of each Patreon episode! That's just one of the perks of subscribing! patreon.com/muellershewrote Listener Survey:http://survey.podtrac.com/start-survey.aspx?pubid=BffJOlI7qQcF&ver=shortFollow the Podcast on Apple:https://apple.co/3XNx7ckWant to support the show and get it ad-free and early?https://patreon.com/thedailybeanshttps://dailybeans.supercast.com/https://apple.co/3UKzKt0 Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

An expectation of more OCR hikes - with bond yields rising internationally. 10-year New Zealand government bonds are now paying above five percent - the highest level since 2023. US 30-year Treasury bonds are at their highest point since 2007. The OCR rose to 2.75 percent two weeks ago. Westpac Chief Economist Kelly Eckhold told Heather du Plessis-Allan central banks have a lot of work to do next year, so he expects the OCR could be four percent at the end of next year. LISTEN ABOVESee omnystudio.com/listener for privacy information.

Silicon Bites Ep398 | 2026-09-12 | Prepare for an oil shock, and economic reverberations. We are living in a bubble of stability that is going to be shaken to its core, but a sequence of events triggered by Trump's war against Iran, and of course it is likely linked to Putin's attempts to erase Ukraine since 2022. Let's unpack this story that is being dramatically under reported in the world's media. Saudi Arabia's escape route from the Straits of Hormuz is burning, the Houthis have taken Bab al-Mandeb, and the tactical genius in the White House has just handed Vladimir Putin a chunk of his war budget back, through a spike in world oil prices. Prepare for chaos and pain. ----------SUPPORT THE CHANNEL:https://www.buymeacoffee.com/siliconcurtainhttps://www.patreon.com/siliconcurtainhttps://www.gofundme.com/f/scaling-up-campaign-to-fight-authoritarian-disinformation----------TRUSTED CHARITIES ON THE GROUND:Save Ukrainehttps://www.saveukraineua.org/Superhumans - Hospital for war traumashttps://superhumans.com/en/UNBROKEN - Treatment. Prosthesis. Rehabilitation for Ukrainians in Ukrainehttps://unbroken.org.ua/Come Back Alivehttps://savelife.in.ua/en/Chefs For Ukraine - World Central Kitchenhttps://wck.org/relief/activation-chefs-for-ukraineUNITED24 - An initiative of President Zelenskyyhttps://u24.gov.ua/Serhiy Prytula Charity Foundationhttps://prytulafoundation.org----------SOURCES:----------

Mike Maharrey interviews highly respected economist Daniel Lacalle, fund manager, professor of Global Economy at the IE Business School in Madrid, Spain, and author of Escape from the Central Bank Trap, among other books.| Do you own precious metals you would rather not sell, but need access to cash? Get Started Here: https://www.moneymetals.com/gold-loan

Tonight on America At Night with McGraw Milhaven, University of Montreal Professor David Krueger discusses an Anthropic researcher's decision to leave the company amid concerns about the potential risks of increasingly powerful AI systems. Mike Allen, co-founder of Axios, joins McGraw to discuss his new book, Simplify, and the case for cutting through complexity in an increasingly complicated world. Scott Colbert, Chief Economist and Director of Fixed Income Management for Commerce Trust, looks at how the global economy has changed since 9/11 and examines the economic implications of proposals for $5,000 payments to U.S. adults. And Bill Clevlen, founder of billontheroad.com, returns with this week's Bill on the Road travel segment. Learn more about your ad choices. Visit podcastchoices.com/adchoices

The Iran-backed Houthis have seized the strategic Red Sea port city of al-Mokha - apparently at the direction of the IRGC - as fighting in Yemen and Saudi Arabia escalates. On today's episode of Iran: the Latest, Sophia Yan speaks to Jerusalem correspondent Henry Bodkin about the pressure the war is putting on the Bab al-Mandeb and Strait of Hormuz as oil prices pass the $100/barrel threshold for a second day. US President Donald Trump is clearly feeling the pressure, claiming the war will end following November's midterm elections, and promising $5,000 cash payouts if Republicans retain Congress.Plus, news that Iranian missile strikes damaged multiple US F-15 fighter jets in Jordan, Israeli leader Benjamin Netanyahu denies being warned about Hamas's October 7 attack by the UAE, and MSF'S Charlene Silvin shares her first-hand experiences of wartime destruction in south Lebanon. HighlightsIran's Houthis seize key Red Sea port as $100 oil threatens global economyMSF'S Charlene Silvin on wartime destruction in south LebanonCONTRIBUTORS:Sophia Yan, senior foreign correspondent, @sophia_yanHenry Bodkin, Jerusalem correspondent @HenryBodkinCharlene Silvin, MSF Project Coordinator in LebanonWATCH US ON YOUTUBE: https://www.youtube.com/playlist?list=PLJnf_DDTfIVAif-vifC6F2aoPB8GIw6dkCONTENT REFERENCED:Trump: I'll give $5,000 to every American if we win midtermshttps://www.telegraph.co.uk/us/politics/2026/09/10/trump-convention-speech-promise-5000-dollars-midterms-win/Revealed: Netanyahu Received an Explicit Warning Days Before Oct. 7. He Didn't Brief Israel's Security Chiefshttps://www.haaretz.com/israel-news/israel-security/2026-09-08/ty-article-magazine/.highlight/netanyahu-got-an-explicit-warning-before-oct-7-he-didnt-brief-security-chiefs/000001a0-7a3b-d7d5-a9fc-7eff3d0f0000Winner Best News and Analysis Podcast - Publisher Podcast Awards 2026Nominated Podcast of the Year - Society of Editors News Podcasts Awards 2026Nominated Best News, Politics and Current Affairs - British Podcast Awards 2026The Telegraph, Winner Podcast Publisher of the Year 2026 - Publisher Podcast Awards 2026Audio Producer: Peter Shevlin Video Producer: Max BowerResearcher and Social Producer: Lucy HadlowExecutive Producer: Venetia Rainey ► Sign up to our most popular newsletter, From the Editor. Look forward to receiving free-thinking comment and the day's biggest stories, every morning. telegraph.co.uk/fromtheeditor► EMAIL US: Contact the team on battlelines@telegraph.co.uk► GET THE LATEST HEADLINES: Find all our latest Iran coverage here: https://www.telegraph.co.uk/iran-war/ Hosted on Acast. See acast.com/privacy for more information.

The stunning surge in Chinese exports bears comparison with what happened during the first China shock of the early 2000s. But this time is different: the scale is much larger, the goods being exported are much more advanced and the geopolitical environment is much more fraught.In this special episode of The Weekly Briefing, Group – Chief Economist Neil Shearing introduces Capital Economics' new series on China Shock 2.0, explaining what this shock means for the global economy, why the costs this time are falling hardest on Europe and why an orderly adjustment to global imbalances looks out of reach. Find out more about our events happening in North America, Europe and Asia this autumn:https://www.capitaleconomics.com/events#in-person 

CAPTION 1920 DODGE BROTHERS, MICHIGANLive Streaming weekdays 8-9 AM ET on The John Batchelor Show Substack pageDiesel Shortages Threaten Global EconomyThaddeus McCotter joins the show's preparation segment to examine the severe global diesel shortage, which has pushed Connecticut prices well past $6 per gallon. This scarcity stems from refinery backlogs, a critical lack of new USinfrastructure, and Ukrainian drone strikes on Russian refining facilities. In response, anxious Russian citizens have started purchasing alternative electric vehicles to bypass long fueling lines. McCotter and Batchelor also analyze the upcoming midterm elections, noting how visual presentation is crucial in the social media era. They highlight candidate El-Sayed's deliberate "fighter" style of wearing work boots and t-shirts to capture anti-establishment voter frustration. (8)

Plus: The AI boom is turbocharging China's exports. And thieves have stolen several paintings from France's Renoir Museum. Alex Ossola hosts. Sign up for WSJ's free What's News newsletter. An artificial-intelligence tool assisted in the making of this episode by creating summaries that were based on Wall Street Journal reporting and reviewed and adapted by an editor. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Popok reports on a furious and incompetent Trump threatening to pull out of the global economy to retaliate against Canada's latest moves and his own Federal Reserve betting against his Economy! Subscribe: ⁠https://www.youtube.com/@LegalAFMTN?sub_confirmation=1⁠ Remember to subscribe to ALL the MeidasTouch Network Podcasts: MeidasTouch: ⁠https://www.meidastouch.com/tag/meidastouch-podcast⁠ Legal AF: ⁠https://www.meidastouch.com/tag/legal-af⁠ Sidebar with Katie Phang: ⁠**https://podcasts.apple.com/us/podcast/sidebar-with-katie-phang/id1886801652**⁠ The Parnas Perspective: ⁠**https://podcasts.apple.com/us/podcast/the-parnas-perspective/id1869165949**⁠ The Intersection with Michael Popok: ⁠**https://podcasts.apple.com/us/podcast/the-intersection-with-michael-popok/id1818863274**⁠ MissTrial: ⁠https://meidasnews.com/tag/miss-trial⁠ The PoliticsGirl Podcast: ⁠https://www.meidastouch.com/tag/the-politicsgirl-podcast⁠ The Ken Harbaugh Show: ⁠https://meidasnews.com/tag/the-ken-harbaugh-show⁠ The Weekend Show: ⁠https://www.meidastouch.com/tag/the-weekend-show⁠ Burn the Boats: ⁠https://www.meidastouch.com/tag/burn-the-boats⁠ Majority 54: ⁠https://www.meidastouch.com/tag/majority-54⁠ On Democracy with FP Wellman: ⁠https://www.meidastouch.com/tag/on-democracy-with-fpwellman⁠ Uncovered: ⁠https://www.meidastouch.com/tag/maga-uncovered⁠ Learn more about your ad choices. Visit megaphone.fm/adchoices

That was a much hotter payrolls report than the market had expected, but how will it influence this month's Fed decision? With inflation risks still prevalent, how will the ECB and Bank of England approach their September meetings? And what does the surge in bond yields mean for economies?Group Chief Economist Neil Shearing and Chief North America Economist Stephen Brown join David Wilder on the latest episode of The Weekly Briefing to discuss energy prices, bond yields, inflation risks and what they mean for the path of interest rates.Also on the show, with resurgent energy prices adding to the dilemma facing central bankers and bond markets, we hear an exclusive excerpt from a recent client briefing on our outlook for markets. Our Commodities team looks at the near-term risks to oil product prices and natural gas supply, as well as what the US-Venezuela oil deal could mean for energy markets.Related contentGlobal Drop-In: Post-summer macro and markets outlook, Tuesday 8th September 0900 BST/1600 SGT: https://www.capitaleconomics.com/events/global-drop-post-summer-macro-and-markets-outlook 1000 ET/1500 BST: https://www.capitaleconomics.com/events/global-drop-post-summer-macro-and-markets-outlook-0 Watch now: Commodities catch-up – What next for energy, gold and agriculturals?https://www.capitaleconomics.com/events/drop-commodities-catch-what-next-energy-gold-and-agriculturals

Amidst rising inflation, ongoing wars in Iran and Israel, and the U.S. national debt climbing to a record $40 trillion, the global bond market is rattled.On Today's Show:Mary Childs, host of the talk show podcast Mary in America, author of The Bond King, and former co-host of Planet Money, explains why bond yields are so high right now and what it all means for the global economy—and for your wallet. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

The UN warns El Niño is a "supersized" phenomenon that will hit the global economy. Meanwhile, UK cider producers are feeling the impact of drought. Plus, Nvidia buys AI developer platform Hugging Face for $12.9 billion. 

How worried should we be about the global bond sell-off? How did the US' G20 talks compare with China's summit in Kyrgyzstan? And, is the Texas Senate race already over? Join Katty Kay and Anthony Scaramucci as they answer all these questions and more. Become a Founding Member: Go deeper into US politics every week with ad-free listening, members-only miniseries, early access to live show tickets and a bonus members-only Q&A podcast every week. Sign up at ⁠therestispoliticsus.com⁠ This episode is sponsored by eToro. As with all investing, your capital is at risk. Visit http://www.etoro.com/A131776_TClick.aspx  ⁠Buy your tickets for our North America tour here⁠ ⁠⁠⁠⁠⁠⁠⁠Sign up to our free newsletter here⁠⁠⁠⁠ Instagram: ⁠⁠⁠⁠⁠⁠@RestPoliticsUS⁠⁠⁠⁠⁠⁠ Twitter: ⁠⁠⁠⁠⁠⁠@RestPoliticsUS⁠⁠⁠⁠⁠⁠ Email: ⁠⁠⁠⁠⁠⁠therestispoliticsus@goalhanger.com⁠⁠⁠⁠⁠⁠ Video Editor: Kieron Leslie Social Producer: Charlie Johnson Assistant Producer: Alfie Rowe Producers: Fiona Douglas, India Dunkley Executive Producer: Tom Whiter Learn more about your ad choices. Visit podcastchoices.com/adchoices

To discuss the latest flare-up in the war with Iran and the impact on the global economy, Geoff Bennett spoke with Cliff Kupchan. He's chairman emeritus at the consulting company Eurasia Group and senior fellow at the think tank Center for the National Interest. PBS News is supported by - https://www.pbs.org/newshour/about/funders. Hosted on Acast. See acast.com/privacy

Can another set of blow-out AI earnings reignite the rally that has powered equities for so long but recently seems to have run out of puff?Chief Markets Economist Jonas Goltermann joins The Weekly Briefing from Capital Economics to discuss the latest tech earnings, whether Scott Bessent has managed to cap Treasury yields and what investors will want to hear from Kevin Warsh in his Jackson Hole address.Also on the show, just days after Bessent announced ‘Economic D-Day' for Iran, Chief Emerging Markets Economist William Jackson assesses how much pain the Iranian economy is in and whether further pressure from the Trump administration could be enough to force Tehran to capitulate.Related contentConcentrated earnings probably mean concentrated returnshttps://www.capitaleconomics.com/publications/capital-daily/concentrated-earnings-probably-mean-concentrated-returnsCan Iran continue to hold out?https://www.capitaleconomics.com/publications/middle-east-north-africa-economics-update/can-iran-continue-hold-out

Indien könnte Deutschland bald als drittgrößte Volkswirtschaft ablösen. Doch hinter dem Aufstieg steckt ein Widerspruch: Das Land ist wirtschaftlich riesig, aber pro Kopf noch immer sehr arm. Marcus und Bo fragen: Wie hat Indien das geschafft?**********In dieser Folge:1:19 - Reality Check - Wie schnell wächst Indiens Wirtschaft?4:05 - Wirtschaftlicher Aufstieg mit Dienstleistungen statt Produkten11:06 - Deal mit der EU - Warum jetzt alle nach Delhi fliegen14:48 - Fazit / Wahres für Bares15:59 - Bo sagt tschüss - tschüss, Bo!**********An dieser Folge waren beteiligt: Autor*innen: Marcus Wolf und Bo Hyun Kim  Gesprächspartnerin: Samina Sultan, Institut der deutschen Wirtschaft Köln Produktion: Dorothee Lohse  Redaktion: Michael Böddeker **********Die Quellen zur Folge:Farrag, O.; Robitaille, P. : India and the Global Economy. Accessible Data, Figure 4: GDP per capita. Board of Governors of the Federal Reserve System, 8. April 2026.   Europäische Kommission - Vertretung in Deutschland: EU und Indien beschließen Freihandelsabkommen. Pressemitteilung vom 27. Januar 2026.   The White House: Addressing Threats to the United States by the Government of the Russian Federation. Executive Order 14329 vom 6. August 2025.  **********Weitere Beiträge zum Thema:Südkorea: Mit K-Pop und Chaebols ins 21. JahrhundertSüdkorea: Wie Perücken die Wirtschaftsgeschichte des Landes erzählenCotti Coffee: Wie Chinas Franchises die Welt erobern **********Habt ihr auch manchmal einen WTF-Moment, wenn es um Wirtschaft und Finanzen geht? Wir freuen uns über eure Themenvorschläge und Feedback an whatthewirtschaft@deutschlandfunknova.de.**********Den Artikel zum Stück findet ihr hier.**********Ihr könnt uns auch auf diesen Kanälen folgen: TikTok und Instagram .

We take a look at what the latest US sanctions could mean for Iran's trading partners. Plus, India's taking "express" action to bring down soaring onion prices, and Lego has built record sales. Presenter: Bisi Adebayo Producer: Barbara George

David Shapiro has watched the market from a JSE trading floor since 1972, through every crisis from the Asian meltdown to the pandemic. At BNC#9 he makes the case that a single 2022 invention quietly kept the global economy afloat despite punishingly high interest rates, and explains why the new Fed chair's own words about inflation are more revealing than they sound. He also names the industries already fading out of relevance, and where he's looking for the next decade of returns.

Top of mind for the Inside Economics team this week is the surge in long-term interest rates. Colleague Martin Wurm joins the conversation to unpack why rates have risen so sharply, assess whether the U.S. Treasury's efforts to stem the increase will work, and consider the risk of a much more serious bond market sell-off. Fundamentally, the only real solution is for the nation to address its darkening fiscal outlook. Hmmm…. Guest: Martin Wurm 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 InsideEconomics@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.

Long: Meteorologists warn a developing El Niño could be the strongest in living memory, with scientists saying next year could become the hottest on record. We look at what that could mean for businesses and global trade as low rainfall forces the Panama Canal to restrict shipping. Also, Premier League clubs spend billions on new players despite new financial rules. And how a low-budget animated film became an unlikely box-office hit in China. (Photo: Panama Canal Authority limits daily ship traffic due to El Nino drought, Panama City - 20 Aug 2026. Credit: EPA/Shutterstock

Is Donald Trump driving the world economy off a cliff while you're on your summer holiday? America has just passed $40 trillion of debt. Trump's tariffs are pushing up prices, his tax cuts are adding to the deficit, and his war with Iran has sent oil prices soaring. Now bond markets are turning on him. The US treasury has tried to step in and calm the bond markets, but it doesn't appear to have worked. So what exactly is going on? Is this just a wobble in the bond markets - or a sign of something much worse to come? On this episode of The Fourcast, Ciaran Jenkins is joined by Pippa Malmgren, who served as an economic adviser to President Bush, and The Economist's Archie Hall.

In this Conflicted Conversation, Ian Kumekawa (a fellow of Harvard University and a lecturer at MIT) talks about his book Empty Vessel: The Story of the Global Economy in One Ship. Ian explains: The offshore global economy: where loopholes, ships and responsibility slip beyond ordinary jurisdiction From Little Toot to rusting barges: how industrial capitalism lost its confident postwar world Sweden's socialist shipyards, private tax dodges, and the strange birth of the Vessel Containerisation's hidden cost: how global trade hollowed out Manhattan's working waterfront The Falklands War, Thatcherism, and the private infrastructure behind imperial sovereignty New York's floating prison: mass incarceration meets offshore legal ingenuity Wall Street goes offshore onshore: banks, deregulation and International Banking Facilities Neoliberalism, legality and injustice: when the modern economy makes the immoral lawful Visit Ian's website: www.iankumekawa.com Join the Conflicted Community here: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://conflicted.supportingcast.fm/⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Find us on X: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://x.com/MHconflicted⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ And Facebook: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.facebook.com/MHconflicted⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ And Instagram: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.instagram.com/conflictedpod⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Learn more about your ad choices. Visit ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠megaphone.fm/adchoices⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Conflicted is a Message Heard production. Executive Producers: Jake Warren & Max Warren. Produced by Thomas Small and edited by Lizzy Andrews. Learn more about your ad choices. Visit podcastchoices.com/adchoices

The bond market is cracking, the yen carry trade is unwinding, and Bitcoin didn't blink. Economist Steve Keen, who called 2008 years in advance, says the same private debt bomb is back, bigger, and he's calling it the Trump Depression. Behind the scenes, Treasury Secretary Scott Bessent is quietly revaluing gold off a 1970s book price of $42 an ounce, and that same trick could fund the Strategic Bitcoin Reserve. Add Saifedean Ammous on why Bitcoin has to out-decentralize gold, and Samson Mow's new Omega 60 model pointing at $1 million Bitcoin by 2031, and two completely different sets of math keep landing on the same number. This isn't a crash. It's a transfer.SPONSORS✅ Ledn⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.nmj1gs2i.com/9W598/9B9DM/?source_id=podcast⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Simply Bitcoin clients get 0.25% off their first loanNeed liquidity without selling your Bitcoin? Ledn has been the trusted Bitcoin-backed lending platform for 6+ years. Access your BTC's value while HODLing.

There is no doubt that Chinese firms have made many advances in AI technology, but how far they can go in the future still is an open question.Original article: https://mises.org/mises-wire/innovation-mirage-why-deepseek-and-kimi-3-do-not-settle-question-chinese-technological-supremacy

There is no doubt that Chinese firms have made many advances in AI technology, but how far they can go in the future still is an open question.Original article: https://mises.org/mises-wire/innovation-mirage-why-deepseek-and-kimi-3-do-not-settle-question-chinese-technological-supremacy

Jim Rickards returns for a wide-ranging macro conversation on a world where geopolitics and economics have fully merged. He lays out the US–Iran standoff as a global game of chicken — Trump betting Iran's economy breaks first, Iran betting the midterm elections break Trump first — and explains why he thinks Tehran holds the stronger hand, why regime change was always a fantasy, and how a handful of drones a week is enough to keep the Strait of Hormuz bottled up. From there he turns to gold: how he used Jim Rogers' 50% drawdown rule and fractal scale invariance to call the bottom, why central bank buying puts a floor under the market, why gold works as a deflation hedge as well as an inflation hedge, and why he stands by his $10,000 target. He also dismantles the popular "debasement trade" narrative, explains what Kevin Warsh's less transparent, market-following Fed means for investors conditioned to expect a rescue, and walks through the unwinding of the Japanese yen carry trade — which he calls the most important story in the world right now, and the one most likely to make 2027 messy. The episode closes on the darker side of AI: increasingly sophisticated voice-cloned scams aimed at older Americans.Thank you to our partners Augusta Precious Metals — To learn more, visit https://juliabuysgold.com/ or text “Julia" to 35052Monetary Metals - learn more at https://www.monetary-metals.com/julia/More about Rickards: Rickards is a New York Times bestselling author of Currency Wars: The Making of the Next Global Crisis and several other best-sellers, including The New Great Depression, Aftermath, The Road to Ruin, Death of Money, The New Case for Gold, Sold Out: How Broken Supply Chains, Surging Inflation, and Political Instability Will Sink the Global Economy, and his newest book MoneyGPT: AI and the Threat to the Global Economy. An investment advisor, lawyer, inventor, and economist, Rickards has held senior positions at Citibank, Long-Term Capital Management, and Caxton Associates. He is also the Editor of Strategic Intelligence, a widely-read financial newsletter. Links:  http://www.jamesrickardsproject.com/ https://x.com/RealJimRickardsVisit CallFort.io  or download the app https://apps.apple.com/us/app/callfort/id6752949954Timestamps: 0:00 – Intro: welcome back, Jim Rickards1:04 – Geopolitics and economics have merged: chokepoints and economic warfare3:30 – The US–Iran game of chicken: what each side is betting6:13 – Regime change isn't happening — and why killing leaders backfired10:42 – Lost credibility and the Iran–Oman deal the US wasn't part of14:41 – The midterm clock, and how Iran keeps the Strait closed17:23 – [Sponsor: Augusta Precious Metals]19:04 – Gold's drawdown: the Jim Rogers 50% rule and fractal math24:04 – Why gold goes much higher — and the $10,000 call25:03 – What's driving gold: central banks, deflation, flat mine supply31:15 – Why the "debasement trade" narrative is wrong33:00 – Inside the primary dealer world and the old Fed35:00 – Kevin Warsh, killing the dot plot, and a whole new Fed38:16 – [Sponsor: Monetary Metals]40:03 – The Fed's only real job — and what Friedman got wrong44:13 – The yen carry trade: the most important story in the world48:55 – The petrodollar, Japan's Treasuries, and the Bessent bailout51:43 – Why currency defenses always fail, and why 2027 gets messy52:50 – AI, sophisticated scams, and the Callfort app59:10 – What's next: climbing Kilimanjaro

The $2.6 trillion spent on artificial intelligence, data centres and advanced chipmaking dwarfs the cost of previous infrastructure megaprojects. Yet AI has become a money pit for tech giants like Amazon, Google, Microsoft and Meta, and the tech is failing to hit its stratospheric targets. Could an AI crash take overinvested economies down with it? In the longer term, whose approach will dominate? Will it be the US's private-led model with tech giants at the top? Or China's tactic of spreading low-cost AI throughout the Global South, with an eye on dominating the future? Bronwen Maddox is joined by Alex Krasodomski, director of Chatham House's Digital Society Programme; James Kynge, a senior research fellow for China and the World with the Asia-Pacific Programme; and Creon Butler, director of the Global Economy and Finance Programme. Produced by Podmasters, with thanks to Stephen Farrell and Sara Seth. Explore Chatham House's latest: Comment | What the UK should learn from Kimi K3, WAICO and the Hugging Face incident Comment | What the UK government should do on AI and tech policy Research paper | Breaking the deadlock on AI governance Magazine issue | The World Today summer issue Audio | The Climate Briefing

Rothbard places the 100 percent program in the classical economists and the currency school, and in the Jeffersonian and Jacksonian political tradition—figures he argues historians have miscast as economically ignorant agrarians. He credits Condy Raguet with seeing before the British that deposits are money substitutes too, and recovers the neglected Charles H. Carroll and Isaiah W. Sylvester.

Leland Yeager, an advocate of freely fluctuating fiat money, concedes that a 100 percent gold standard would end reserve drains, forced contraction, and balance-of-payments anxiety—problems he attributes to fractional reserves rather than to gold. Rothbard quotes him at length, asks why he rejects what he has just praised, and pushes the reductio further: where exactly is the geographical boundary of a money?

Husain Haqqani and Bill Roggio examine the potential for unconventional warfare escalation across Eurasia and the specific risks within the Caspian theater. Haqqani warns that Iran's ability to hold the global economy hostage through the Red Sea and Hormuz Strait creates a complex dilemma for the US. Bill Roggio concurs that limited aerial bombardment is insufficient for regime change and notes that neighboring countries like Kuwait remain hesitant to directly engage for fear of retaliation. (2)

Today we explore the adoption and scaling of education technology across South and Southeast Asia. My guests are Molly Wyss and Brad Olsen. Molly Wyss is an assistant project director at the Centre for Universal Education in the Global Economy and Development Program at Brookings, where Brad Olsen is a Senior Fellow. There new report is entitled From Access to Impact: Government Decisionmaking and Scaling of EdTech in South and Southeast Asia. freshedpodcast.com/wyss-olsen -- Get in touch! LinkedIn: @FreshEdpodcast Facebook: FreshEd Email: info@freshedpodcast.com

Plus: SAP shares rise after earnings beat. And CATL profit surges on booming battery demand. Imani Moise hosts. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Stay informed on current events, visit www.NaturalNews.com  - Energy Crisis and Oil Shortages (0:10) - Impact of Energy Shortages on Global Economy (3:56) - Geopolitical Implications and Military Strategy (7:05) - Engineered Famine and Global Collapse (13:24) - Preparation and Survival Strategies (55:13) - Geopolitical Manipulation and Propaganda (55:29) - Potential for Nuclear War and Its Impact (55:45) - The Role of Desalination Plants in Survival (56:05) - The Importance of Water Infrastructure (56:24) - The Role of Fertilizer and Food Supply (56:40) - Mosul Dam and Civilizational Reset (56:54) - Free Speech and Media Censorship (1:15:43) - Scenarios of Collapse and Survival (1:32:50) - Military and Strategic Implications (1:33:07) - Personal Preparedness and Survival Strategies (1:33:24) - Historical Context and Technological Advancements (1:39:03) - Economic and Technological Competitiveness (1:47:04) - Final Thoughts and Future Prospects (1:51:45) Watch more independent videos at http://www.brighteon.com/channel/hrreport  ▶️ Support our mission by shopping at the Health Ranger Store - https://www.healthrangerstore.com ▶️ Check out exclusive deals and special offers at https://rangerdeals.com ▶️ Sign up for our newsletter to stay informed: https://www.naturalnews.com/Readerregistration.html Watch more exclusive videos here:

Everything is getting worse, but the country hasn’t collapsed. This is all by design. Donald Trump is a useful idiot for the people behind the scenes and Project 2025, most notably Russell Vought. The Trump administration is using the nation’s finances like a personal piggy bank for themselves and large corporations while gutting agencies that provide critical services. The misconception is that Trump is driving things into the ground. He’s not. He’s just making things so shitty that the corporate state looks good in comparison. Resources ProPublica: “Their Entire Apparatus Is Exposed to Our Strategy” ProPublica: “We Want the Bureaucrats to Be Traumatically Affected” Yahoo: This Trump Official Promised To Traumatize Federal Workers — Watch His Words Come Back To Haunt Him The New York Times: Two Dead and Scores Rescued as Flooding Engulfs Central Texas IMF: World Economic Outlook Update, July 2026: Global Economy in Crosscurrents of War and Technology ProPublica: “Put Them in Trauma”: Inside a Key MAGA Leader’s Plans for a New Trump Agenda The New York Times: Why Silicon Valley’s Most Powerful People Are So Obsessed With Hobbits U.S. Bureau of Labor Statistics: Consumer Price Index Summary - 2026 M06 Results U.S. Bureau of Labor Statistics: Producer Price Index News Release summary - 2026 M06 Results U.S. News: Trump Administration’s Changes to the CFPB Cost Americans $19B, a New Report Says KFF: In Preliminary Rate Filings, ACA Marketplace Insurers Largely Propose Double-Digit Premium Increase For 2027, Following a Steep Climb This Year National Association of Realtors: NAR Pending Home Sales Report Shows 5.4% Decrease in June The New York Times: Cyclospora Cases Rise Rapidly, With No Source Yet Confirmed The New Yorker: The Human Cost of DOGE’s War on U.S.A.I.D. The Washington Post: The gaps in CDC’s public health data are creating dangerous blind spots Axios: Measurement tweaks will make inflation data look better UNFTR Resources Episode: “Russputin” and the Tsar. Episode: Project 2025. Video: U.S. Financials in Free Fall | Graham, McConnell, and the Strait of Hormuz Video: Trump Is a Useful Idiot for the People Behind the Scenes. -- If you like #UNFTR, please leave us a rating and review on Apple Podcasts and Spotify: unftr.com/rate and follow us on Facebook, Bluesky, and Instagram at @UNFTRpod. Visit us online at unftr.com. Become a member at unftr.com/memberships. Buy yourself some Unf*cking Coffee at shop.unftr.com. Visit our bookshop.org page at bookshop.org/shop/UNFTRpod to find the full UNFTR book list, and find book recommendations from our Unf*ckers at bookshop.org/lists/unf-cker-book-recommendations. Access the UNFTR Musicless feed by following the instructions at unftr.com/accessibilitySupport the show: https://www.unftr.com/membershipsSee omnystudio.com/listener for privacy information.

AI investment is reshaping the global outlook. In part one of this economic roundtable, our panel explores where the momentum is strongest — and where investment still needs to catch up.Read more insights from Morgan Stanley.----- Transcript -----Seth Carpenter: Welcome to Thoughts on the Market. I'm Seth Carpenter, Morgan Stanley's Global Chief Economist and Head of Macro Research. Michael Gapen: And I'm Michael Gapen, Chief U.S. Economist. Chetan Ahya: And I'm Chetan Ahya, Chief Asia Economist. Jens Eisenschmidt: And I'm Jens Eisenschmidt, Chief Europe Economist. Seth Carpenter: And today is going to be our third quarter economic roundtable taking a wide-angle view on the global economy and all the key forces shaping our outlook and the economy. Seth Carpenter: It's Monday, July 20th at 10am in New York Jens Eisenschmidt: And 4pm in Frankfurt. Chetan Ahya: And 10pm in Hong Kong. Seth Carpenter: Since our last roundtable in April, the global economy has continued to face all sorts of shocks, a mix of resilience and friction. Inflation pressures have not disappeared. Energy and geopolitical risks have come up, they've receded, they've come back, they've receded all over the place But there is one underlying source of momentum that we have to talk about. And that is the AI-driven CapEx cycle. Michael, let me turn to you because the U.S. is a real focal point of all of this. Tell me a little bit about where Morgan Stanley Research is thinking about hyperscaler CapEx. How big it is? And then for you, when you think about the U.S. economy, just how big of a driver is it for what we're looking for in the U.S.? Michael Gapen: Yeah, we continue to revise higher our estimates for hyperscaler and AI-related CapEx in the U.S. economy. We were thinking a little over a trillion for 2027. Now we're more like 1.2 - 1.3 trillion, maybe as high as 1.4 trillion in 2028. So, the level of hyperscaler spending continues to keep rising. The growth rate and its effect on the economy is likely to slow. But as you noted, it's still a major driver of momentum in the U.S. You would look at that headline number and think, "Wow, that's, you know, 3.5 percent or so of GDP. Must be a massive source of momentum for GDP growth." But roughly about 60 percent of that hyperscaler CapEx spending goes to items like computers and peripherals, equipment spending categories that have a very, very high import content. We still get a significant number that AI CapEx is probably contributing around 40 basis points to growth this year. Be a similar-sized amount perhaps next year.So, for an economy that's growing somewhere a little bit above 2 percent right now, maybe closer to 2.5 percent next year, that's a non-trivial amount. We just have to remember it's fueling growth around the world, just not here in the U.S. Seth Carpenter: Yeah, that's a really great point because I have seen some estimates where people say, "Well, if it wasn't for AI CapEx, the U.S. economy wouldn't have grown at all." And that's clearly wrong, as you point out. But U.S. imports are necessarily exports from somewhere else. And, Chetan, if I can pull you into the story then, U.S. firms are buying a lot of AI-related equipment from Asia. What does that mean in your part of the world? And in particular, I'm thinking about Korea, Taiwan, and maybe some other economies in Asia. What's the critical story there? Chetan Ahya: So, for Asia, this has definitely been a big boon. If you look at Asia's exports, they have been booming, and particularly for the ones which are exporting semiconductors to the U.S. They are seeing semiconductor exports growing by 90 percent. And when we go back in time and compare Asia's semiconductor exports, it's very tightly linked to the U.S. IT CapEx. And it's not surprising when Mike Gapen mentions about the imports going up. It's on the other side, helping Asia's exports quite meaningfully. So, so far, we've seen this benefiting Korea, number one, Taiwan, and also Japan. All these three are big beneficiaries of U.S. AI CapEx. And of course, also not just U.S., but the other countries which are doing any little amount of CapEx on AI front, that's also helping these three economies in the region. Seth Carpenter: You've been doing a lot of work, Chetan, recently about how much the story can actually broaden out, that the AI CapEx cycle has really contributed to Asian growth, but it doesn't tell the whole story that there's a broader industrial cycle. Can you give us a little bit of a flavor of that story? Chetan Ahya: That's right, Seth. So, we are actually highlighting that there is a CapEx and industrial super cycle that is underway in Asia, and there are four components to this story. AI and semiconductors CapEx, which we just briefly discussed. Number two is energy. Number three is defense. And number four is industrial supply chain onshoring related CapEx. I know that everybody still thinks that AI is the most important part of this story, but when I give you the numbers and the breakup of that... So, for Asia, AI and semiconductor companies CapEx is about $380 billion in 2026, but energy CapEx is going to be $900 billion. So, this is a far broader story than just AI for Asia. Seth Carpenter: Mike, let me come back to you and to the U.S. then. So, isn't the growth story also broader than that as well domestically? So, what's going on in terms of consumer spending in the U.S., and is there a broader CapEx story in the U.S. as well? Michael Gapen: I would say, is it broader than that? I think maybe you could argue also it's narrower than that. Here's what I mean by that. As I noted AI CapEx contributing about 40 basis points to growth, it's certainly underpinning equity valuations in the U.S. and underpinning strong wealth creation. So about [$]180 trillion in household net worth in the U.S. About [$]55 trillion of that has been created in just the last five years alone, underpinned in part by AI-related spending and optimism about future profitability. That's really supported spending by upper income households. So, I think it's both investment-led and consumer-led, but they're inextricably linked. So, the positive for the U.S. is that it's providing a lot of resilience. The negative component of that is it feels like momentum in the U.S. is narrowly driven. Jens Eisenschmidt: Let me maybe jump in here from Europe to provide some perspective from the other side. So, I think it's a fair summary to say that AI investment is not yet, or maybe will never get there, dominating the business cycle. What we do have instead is an unusually consumption-driven expansion. That has to do not so much with an extraordinary strength of consumption, but more of an absence of other factors. Now, prospectively looking forward, we think the fiscal expansion might help lifting us a little bit. And then it is really the debate how much AI investment can arrive in Europe. For now, I would say it's probably a factor of 20 that separates European investment plans from the plans we know that exist for the U.S. Seth Carpenter: Let me stick with you then in Europe because you brought up fiscal as one of the factors going on here and where it's going… You and your team recently wrote a blue paper talking about what the outlook is for fiscal policy in Europe, and in particular, we had this era of cheap debt. Interest rates in Europe were low, at times negative. It was super easy to borrow. Not as much happened then. There's been a shift towards more fiscal expansion at the same time that interest rates have gone up, causing the cost of debt to go up. Feels like there's a lot of push and pull going on. Can you unpack for us a little bit what was in that paper you wrote, what's going on with fiscal policy in Europe, especially in Germany? And what it might mean over time for Euro-area countries? Jens Eisenschmidt: Yeah, so I think fiscal policy in Europe really is looking at a regime shift. So, there is this very famous, probably in the U.S. even more so than here, notion that the Europeans have built a very comfortable welfare state. And that's true if you just look at the accounting from a GDP perspective. It's close to 50 percent that, you know, budgets are actually extended on welfare spending. And now you have three structural headwinds for any type of fiscal spend. So, one is aging related costs, you mentioned it already. Defense spending has to increase significantly, and the interest rate costs will also rise significantly. All of that means there will be very hard choices to be made. The one thing that actually could help here is growth. Growth is the one thing that's, for now at least, missing, at least in comparison to the U.S. It's probably half what we expect, what the U.S. colleagues think is in stake for the U.S., and a quarter or even less than that of what is there in Asia. So, growth is really the key, the solution, the answer to everything in Europe. More growth than just 1 percent, which is potential, would help solving that fiscal challenge. For now, it looks really, really like an uphill battle. Returning to Germany, it's the one country that has a very good fiscal starting position. They are pushing a lot but they're to some extent pushing a string. So, even with the German huge fiscal package, given that private sector investments so far are absent, doesn't get us a ton of growth. Seth Carpenter: Chetan, maybe I'll come back to you before we close part one of this roundtable. The AI CapEx cycle started with AI, broadened out further. How long do you expect this cycle to last? How durable can it be? And how might it compare to previous CapEx cycles? Chetan Ahya: Yeah, Seth. So, we think this will be a multi-year CapEx cycle. And when we are thinking about the duration of the cycle, there are two things that I would keep in mind. Number one is that most of the drivers that we just discussed – the CapEx on AI, energy, defense, and industrial supply chain onshoring related investments – these are all structural drivers. So, we think these are going to continue for some more time. At this point of time, we have the visibility for this cycle to be lasting for three-four more years. And then the second point of framework that I would keep in mind is that the corporate balance sheets are in a pretty good shape. So, when you are thinking about the leverage in the private sector, you can look at both households and the corporate sector balance sheet. But since the cycle is CapEx driven, we are looking at the corporate balance sheets, and they are in a pretty good shape. Across the region, corporate debt to GDP is below where it was in 2019. Seth Carpenter: Mike, let me, let me wrap up quickly with you. We talked about AI, AI CapEx. For now, that's a very strong demand story. When are we going to see a supply side of things coming from AI? Are you already seeing a big contribution to GDP and growth from productivity coming from AI? Michael Gapen: We are, but not outside of the high-tech sectors, and we're seeing limited, what I'll call labor market restructuring of tasks and occupations beyond high AI-exposed occupations. So right now, everything is still very isolated I think maybe as we get into 2029 and beyond, so as Chetan says, we probably have a three to four-year super cycle here around a build-out phase. Then we might see some of that broader-based diffusion to other non-tech sectors in the economy. Seth Carpenter: All right, Jens, for you, let's wrap up here. So, what is the state of play for the build-out in the CapEx cycle for AI in Europe? Jens Eisenschmidt: Yeah, it's very early stages. As I said before, we really; we connected to all the industry experts or analysts covering the sector and the total plans are a factor of 20 below what we see in the U.S. by just the seven hyperscalers. So, I would say very fragmented, very small, in general. Not only AI. I think the one thing I would be looking at for any type of sign of revival, sign of growth is investment. The second would be investment. And you can guess what the third would be… Investments in the core countries. That's really what we need to see, and we haven't seen much in Germany or France on this front. Seth Carpenter:That's a great place for us to stop today. We talked about the real side of the economy, AI, CapEx, trade. Tomorrow we're going to come back, and we'll talk about how that growth outlook affects inflation. And once you start talking about growth and inflation, you got to talk about policy, and that's where we'll be tomorrow. Mike, Jens, and Chetan, thank you for joining today. And for the listeners, thank you for listening. Be sure to tune in tomorrow for Part 2 of our conversation. And I have to say, if you enjoy this show, please leave us a review wherever you listen, and share Thoughts on the Market with a friend or a colleague today.

Stay informed on current events, visit www.NaturalNews.com  - Kimmy K3 AI Model and Solar Project Updates (0:02) - Recommendations for Solar Equipment and Pekron Solar Well Power Station (8:21) - Global Famine Prediction for 2027 (14:59) - Impact of the War on Food Supply and Global Economy (38:40) - Formation of the World Artificial Intelligence Cooperation Organization (WAICO) (41:54) - Challenges and Opportunities for WAICO (54:35) - Comparison of Western and Eastern AI Development (54:56) - Potential Risks and Benefits of AI Development (1:12:39) - Personal Reflections and Call to Action (1:15:21) - Conclusion and Future Outlook (1:21:05) - Kimi K3 vs. Anthropic: Performance and Cost Comparison (1:21:24) - China's AI Advancements and Collaboration (1:30:15) - Cultural Differences and AI Development (1:32:32) - Economic and Political Implications of AI Development (1:46:52) - Zach Voorhees on AI and Government Influence (2:01:22) - AI Cybersecurity and Ethical Concerns (2:13:07) - The Future of AI and Humanity (2:14:49) - Preparing for the AI Future (2:20:28) - The Role of Open-Source AI Models (2:20:42) - The Impact of AI on Global Competition (2:36:02) Watch more independent videos at http://www.brighteon.com/channel/hrreport  ▶️ Support our mission by shopping at the Health Ranger Store - https://www.healthrangerstore.com ▶️ Check out exclusive deals and special offers at https://rangerdeals.com ▶️ Sign up for our newsletter to stay informed: https://www.naturalnews.com/Readerregistration.html Watch more exclusive videos here:

Stay informed on current events, visit www.NaturalNews.com  - Collapsing Building in New York City (0:10) - Impact on Downtown Manhattan (5:35) - Senator Mitch McConnell's Health and Political Speculations (11:33) - War in the Middle East (17:49) - Economic and Energy Crisis (24:07) - Impact on Global Economy and Food Supply (30:34) - Vaccine Safety and Assault on Science (36:57) - Parental Rights and Vaccine Injury Cases (43:35) - Health Freedom and Homeschooling (50:30) - Gender Ideology and Medical Records (57:22) - Oregon's New Law and Gender Ideology (1:04:08) - Political Stances on Child Health (1:10:51) - Promotion of Children's Health Defense and Upcoming Book (1:17:19) - Bright Answers.ai and Lab Facilities (1:23:34) - Financial Advice and Gold Investment (1:29:47) Watch more independent videos at http://www.brighteon.com/channel/hrreport  ▶️ Support our mission by shopping at the Health Ranger Store - https://www.healthrangerstore.com ▶️ Check out exclusive deals and special offers at https://rangerdeals.com ▶️ Sign up for our newsletter to stay informed: https://www.naturalnews.com/Readerregistration.html Watch more exclusive videos here:

Episode 5455: The Lies Of Iran; The War Altered The Global Economy