Podcasts about Macroeconomics

The Fed is trying to calibrate policy in the midst of a government shutdown that's effectively cut off the flow of data. Jerome Powell says that when you're driving in fog, you should slow down – but there's still a case for the FOMC to follow this past week's rate cut with another move in December, says Deputy Chief North America Economist Stephen Brown. He talks to David Wilder about why the state of the US economy argues for another cut this year, but fewer in 2026 than markets currently expect.That Fed meeting wasn't the week's only big event. In Korea, Donald Trump held the first face-to-face meeting of his second term with Xi Jinping. The one-year truce resulting from that meeting has eased near-term US-China trade tensions, but much could still go wrong, warns China Economist Leah Fahy. She discusses what might plunge bilateral relations back into crisis, the health of China's economy, and why – even if Washington clears Chinese firms to buy cutting-edge AI chips – they may not do so.Analysis and events referenced in this episode:Drop-In: The Fed, ECB and Bank of England – Latest decisions and policy outlookCapital Economics EventsRead: Fed cuts and ends QT, but further loosening not guaranteedRead: Bank of Canada cuts but thinks it has done enoughXi-Trump talks buy China time to decouple at its own paceThe economic and market impact of AI

MacroVoices Erik Townsend & Patrick Ceresna welcome, Brent Johnson. They discuss why Brent says Stablecoin is going to be a game changer, even for those who aren't interested in crypto assets. https://bit.ly/4oMi7IB  

The US government shutdown continues to drag on like a traffic jam in New York at rush hour, with no apparent ending in sight. Macroeconomic reports out of the US have been subsequently scarcer than Wi-Fi in the desert, but could this lack of data impact the tone of Fed Chair Powell's communications at this week's FOMC meeting? And what might it mean for the path of US rates in 2026?In the meantime, US President Trump and Chinese President Xi will be meeting on Thursday in an attempt to hash out a trade deal. But, will we see a deal, another delay or a collapse in the negotiations? We also cast an eye on the outlook for the Argentine peso following the strong support for President Milei at the weekend's midterm elections.We'd like to hear from you! Provide us with feedback so we can improve the podcast: https://linktr.ee/fxtalk Liked this show? Please leave us a review here – even one sentence helps!

In this episode of the InsuranceAUM.com podcast, host Stewart Foley, CFA, sits down with Erin Patterson, Global Co-head of Research and Strategy at Manulife Investment Management, to explore the intersection of macroeconomic uncertainty and commercial real estate opportunity. Erin shares how Manulife is navigating ongoing volatility, from interest rate shifts to global trade disruptions, and why a resilient, globally diversified strategy remains key for insurance investors.   The conversation covers the "five Ds" shaping their investment lens demographics, deglobalization, decarbonization, digitalization, and democratization and how these trends are influencing everything from market selection to sector prioritization. Erin also dives into the evolving role of alternative real estate, the importance of demographic tracking, and how AI and infrastructure considerations are shaping CRE strategy. Whether you're focused on long-term income or adapting to short-term uncertainty, this episode offers valuable insights into institutional real estate allocation in today's complex environment.

Out of the darkness of a shuttered US government comes a rare data release – and it's a CPI report that's given markets some relief as the week draws to a close. But does September's inflation data really clear the way for Fed rate cuts in December as well as October, as investors now expect?In this week's episode of The Weekly Briefing from Capital Economics, Group Chief Economist Neil Shearing explains why the Fed is likely to stay cautious, previews key upcoming central bank meetings, and looks ahead to next week's much-anticipated Donald Trump-Xi Jinping summit in South Korea.Also on the show, the US Treasury's new sanctions on Russia's two biggest oil exporters have brought a key risk to our below-consensus oil price forecasts to the fore. Chief Climate and Commodities Economist David Oxley discusses how much this move could shake up the outlook – and whether Trump will actually follow through with full enforcement.Analysis and events referenced in this episode:Read: China ramping up use of export controlsDrop-In: Argentina's mid-term elections – A referendum on Milei's reformsDrop-In: The Fed, ECB and Bank of England – Latest decisions and policy outlook

MacroVoices Erik Townsend & Patrick Ceresna welcome, Adam Rozencwajg. They discuss all things commodities from gold to oil to uranium. https://bit.ly/4oFcfAZ  

In this episode of Pushing the Limits, Lisa Tamati sits down with Brandon Bucher, the visionary CEO of Lightning Pay NZ, a company pioneering Bitcoin payment infrastructure and merchant solutions in New Zealand. Brandon shares his personal Bitcoin journey, what drew him into the ecosystem, and why he's deeply passionate about financial freedom, self-sovereignty, and decentralized money. Together, we unpack the macro forces shaping our economic landscape — from inflation and debt-driven systems to currency debasement and money printing — and why Bitcoin represents a viable alternative. We also dive into how the Lightning Network (Bitcoin's layer-two scaling solution) is enabling instant, low-cost payments, helping Bitcoin evolve from a “store of value” into a true medium of exchange. Brandon explains why layer-two and layer-three infrastructure are critical for scalability, usability, and global adoption — and how Lightning Pay NZ is making this future a reality for businesses and consumers alike. If you care about sound money, digital freedom, and building a fairer financial system, this episode will inspire you to rethink what money really means in the 21st century. Topics We Cover: Brandon's journey into Bitcoin and the Lightning ecosystem Why Bitcoin matters in an age of debt, inflation, and fiat instability The role of layer-two solutions like Lightning Network Why Bitcoin's base layer prioritizes decentralization and security — and can't scale alone How Lightning Pay NZ is helping merchants accept Bitcoin easily How Lightning Pay acts as both a Bitcoin exchange and POS (point-of-sale) system for real-world payments The macro outlook for global finance and how Bitcoin fits into it The philosophy of financial self-sovereignty and trustless systems   Connect with Brandon: Website: Lightning Pay NZ X (Twitter): @BTCNautilus Learn More: Check out Lightning Pay NZ, a payment gateway and exchange making it easy for New Zealand businesses to accept Bitcoin instantly using the Lightning Network, convert it to NZD if desired, and integrate seamlessly into existing POS systems. Brandon Bucher Bio: Brandon is a veteran product leader and a long time bitcoin enthusiast and now Co-Founder and CEO at Lightning Pay, a New Zealand based bitcoin-only financial services company. Brandon is passionate about shepherding in the emergence of bitcoin from its current reputation as a speculative investment asset to its rightful place as better money, used for saving, investment, borrowing and spending.  

In this episode of The Restaurant Boiler Room, Managing Director Rick Ormsby is joined by Chris Lomuto from Northmarq to discuss the 2025 real estate market for M&A franchise sales. Topics of discussion will include: 1. Supply and demand of franchise real estate now 2. Cap rate trends, pricing, days on market 3. 1031 market vs REIT buyers 4. How is financing getting done? 5. Macroeconomic real estate perspectives 6. Sector and geographical pricing analysis

In this podcast, Edmund Shing, Global Chief Investment Officer, and Hiba Mouallem discuss the strategic importance, supply challenges, and investment opportunities surrounding rare earth metals.Critical Role: Rare earth metals (17 elements) are essential for technologies like semiconductors, defence systems, and renewable energy (e.g., wind turbines).China's Dominance: China controls 90% of global refining capacity due to decades of heavy investment, creating a major supply bottleneck.Geopolitical Tensions: Rising demand from AI, defence, and green energy, combined with China's export restrictions, has intensified US-China trade tensions and driven prices higher.US Response: The US is investing billions in domestic production and guaranteeing minimum prices to reduce reliance on China and stabilise supply.Investment Outlook: Rare earth metals present a medium-term investment opportunity, best accessed through diversified funds or ETFs covering global producers and refiners.Hosted by Ausha. See ausha.co/privacy-policy for more information.

Market volatility due to tariff measures implemented by President Trump have subsided and markets have rallied strongly, so what next? Andrzej Skiba, Head of US Fixed Income, and Mike Reed, Head of Global Financial Institutions, talk about the outlook for, and potential risks to, US credit markets as we head into 2026. Other discussion points include the drivers of returns over the coming year, the changed dynamics of risks in the US energy industry, and the recent pickup in M&A activity.

What happens when the global order that shaped real estate for decades begins to fracture? This week, I sat down with José Pellicer, Founder Partner at Evonite, to unpack how de-globalisation, contrarian bets, and a smarter approach to thematics will shape the winners of the next 5–10 years. José brings a sharp, historically grounded perspective on risk pricing, macro shifts, and how to identify real opportunities in a noisy market. From railway mania in the 1840s to data centres today, he explains why blindly following themes isn't enough — and where nimble managers can still find edge. We explore how the investment landscape is changing, who stands to win, and the mindset required to build conviction in a fragmented world. ⸻ Key Topics Covered In This Episode: ✅ De-Globalisation — The end of the “safe seas” era and why it matters for real estate ✅ The Next Decade — Who wins as global power dynamics shift ✅ Thematics vs Bottom-Up — Why real opportunities aren't found by following the herd ✅ Contrarian Bets — Where pricing risk correctly can create outsized returns ✅ Blackstone & Bad Emperors — Lessons from history and market cycles ✅ Opportunity for Real Estate — How nimble managers can thrive in polarised markets ⸻ Oh, and one last thing… In every episode, I ask each guest: Who are the People, what Property, and which Place they would invest in if they had £500m at their disposal? José's answer did not disappoint

This week, Kevin Gordon fills in for Kathy Jones. Liz Ann Sonders and Kevin discuss the recent NABE conference and the current state of the markets in light of the government shutdown and recent tariff announcements. They explore the implications for earnings season, the potential impact of AI on productivity, and the challenges facing the labor market. They also cover the importance of upcoming economic data releases and how relying on alternative data could have potential effects on market trends and monetary policy.Then, Liz Ann is joined by Patrick Harker, former president and CEO of the Federal Reserve Bank of Philadelphia. Harker discusses several economic challenges facing the U.S., including the impact of the government shutdown on economic data, the independence of the Federal Reserve, and the complexities of fiscal policy. He shares his thoughts on the need for better data collection and the role of private-sector data sources, while also addressing the labor market dynamics influenced by immigration policy. Harker reflects on his tenure at the Philadelphia Fed and shares insights on the importance of pragmatic policymaking.Finally, Liz Ann and Kevin take a look ahead at upcoming economic indicators and how the government shutdown could affect future data releases.On Investing is an original podcast from Charles Schwab. If you enjoy the show, please leave a rating or review on Apple Podcasts.Important DisclosuresThis material is intended for general informational and educational purposes only. This should not be considered an individualized recommendation or personalized investment advice. The investment strategies mentioned may not be suitable for everyone. Each investor needs to review an investment strategy for his or her own particular situation before making any investment decisions.All expressions of opinion are subject to change without notice in reaction to shifting market, economic or political conditions. Data contained herein from third party providers is obtained from what are considered reliable sources. However, its accuracy, completeness or reliability cannot be guaranteed.Past performance is no guarantee of future results.Investing involves risk, including loss of principal. Performance may be affected by risks associated with non-diversification, including investments in specific countries or sectors. Additional risks may also include, but are not limited to, investments in foreign securities, especially emerging markets, real estate investment trusts (REITs), fixed income, municipal securities including state specific municipal securities, small capitalization securities and commodities. Each individual investor should consider these risks carefully before investing in a particular security or strategy.All names and market data shown above are for illustrative purposes only and are not a recommendation, offer to sell, or a solicitation of an offer to buy any security.Indexes are unmanaged, do not incur management fees, costs, and expenses and cannot be invested in directly. The comments, views, and opinions expressed in the presentation are those of the speakers and do not necessarily represent the views of Charles Schwab. Forecasts contained herein are for illustrative purposes only, may be based upon proprietary research and are developed through analysis of historical public data.The policy analysis provided by the Charles Schwab & Co., Inc., does not constitute and should not be interpreted as an endorsement of any political party.(1025-WE69) Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

In just a few days, US–China relations have taken a troubling turn. How did we go from the goodwill of the London and Madrid bilaterals to the current war of words, the threats and the counter-threats? Is this simply pre-APEC brinkmanship, or the start of a more fundamental breakdown in relations between Washington and Beijing? And how great are the risks of a miscalculation that spills over into the global economy? In this special episode of The Weekly Briefing from Capital Economics, Group Chief Economist Neil Shearing and Head of China Economics Julian Evans-Pritchard discuss the past, present and future of US–China relations. They explore key questions, including:• What's driving Beijing's new controls on rare earths, and whether the government could reverse course• What's wrong with US perceptions of China's economic health – and why those perceptions could prove dangerous • How the global economy will need to keep adjusting to a fracturing US-China relationshipAnalysis referenced in this episodeThe fracturing of the Global EconomyUS may revive plans to curb financial ties with ChinaGlobal Economics Outlook: US leads, others lag, in uneven global economyCAP: Economy holding up, but growth remains weakChina's push for innovation is not lifting productivity

MacroVoices Erik Townsend & Patrick Ceresna welcome, Tian Yang. They'll discuss the leading indicators Variant Perception uses to guide their macro strategy, what they say about growth and inflation, and how that translates to trading opportunities. https://bit.ly/3KUt5Np  

AI is not just hype, it's the next economic revolution. In this solo episode, we break down the game-changing insights of Jordi Visser, macro investor and founder of @VisserLabs, as he unpacks how AI is reshaping global markets, jobs, and the financial system. We'll explore why AI is driving trillions in new capital investment, how it's changing labor markets, and why Bitcoin (BTC) may be the “purest AI investment play.” Plus, I share my real-world experiences using AI agents, n8n workflows, and automation tools to streamline work and build new digital products.  Key Takeaways Jordi Visser says betting against AI = betting against innovation. $500B+ in AI infrastructure investment coming by 2026. Bitcoin could be the ultimate AI hedge. Massive white-collar job disruption ahead — but also opportunity. AI empowers entrepreneurs to build products and income streams rapidly.   Jordi's Substack: Substack/@visserlabs Visser Labs YouTube Channel: YouYube/@visserlabs Jordi Visser Bio: With over 30 years of Wall Street expertise in traditional finance and macroeconomics, I guide you through the evolving landscape of investments, from conventional assets to cryptocurrencies and AI-driven technologies.

In this episode of The Sound of Economics, host Rebecca Christie sits down with Bruegel's Heather Grabbe and Guntram Wolff to talk about the real costs of a changing climate. With all the fuss over how to manage the climate transition, economists may be overlooking the rising expenses of the changes happening now. From the rising cost of insurance to future housing shocks, evolving weather trends and water scarcity mean the world could be facing big hits to productivity and gross domestic product. What will be the scale of the change? What should economists be studying? How should policymakers act? They discuss what happens when these shocks collide and intensify, rather than occurring one at a time, and how the world can respond.  Related research: Barata da Rocha, M., H. Grabbe and N. Poitiers (2025) ‘Climate risks to global supply chains', Working Paper 20/2025, Bruegel  Claeys, G., M. Le Mouel, S. Tagliapietra, G.B. Wolff and G. Zachmann (2024) The Macroeconomics of Decarbonisation Implications and Policies, Cambridge University Press

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Liza's Late Puberty Finally Comes.Based on a post by DangerHunt69. Listen to the Podcast at Steamy Stories.  Late BloomerHave you ever felt like you didn't belong? I've felt that way my entire life. My name is Liza Thomas and growing up I was a nobody. I had very few friends in school and what few "friends" I did have were more like acquaintances that never even thought about my existence outside of 8 AM to 3 PM, Monday , Friday. I was bullied too. But then again, wasn't everyone? I'm seriously asking, "was everyone?" because the other girls constantly ridiculed me for the way I looked (growing up I looked quite androgynous), for never talking during class and for sneaking my Nintendo DS into school to play during lunch. I never did anything to them, but they made me feel like shit every single day.Fast forward to my 18th birthday and, nothing. I was flat all over. My chest, my ass, my stomach. My tits were 32 A, maybe the size of lemons and my ass cheeks were like two little pancakes. But then, something magical happened. During the Christmas break after my birthday, I began to grow. My lemons turned into 34 D cantaloupes quite fast, almost overnight. My pancakes turned into, pillows? My ass certainly wasn't flat enough to set your drink on anymore but I'd be lying if I said that it caught anyone's gaze.My mom took quick notice of this change and in regards to it; liked to say, "Lions, tigers, boobs oh my!" (I wish I was making this up. My mom says the stupidest and most embarrassing shit sometimes, I swear to God). Apparently, the Thomas women were all late bloomers, so it's unsurprising that it took me all the way until adulthood before my tits were as big as my mom's.That January I returned to school after "the change" I kind of figured no one would notice, or care, but boy was I wrong. I started to get unwanted attention, and as an introvert this sucked. It wasn't all bad though, that same month this guy named Brian started talking to me and, Brain made me feel special. He'd come up to me every day at my locker to chat me up. Nobody had ever done that before, especially not a boy. A little bit about Brian, Brian was 19 when we first met. He was held back in first grade so he was in the same class as me despite being a year older. His mother was an alcoholic who was in and out of the county jail and his father was an honest man who made a living restoring old cars. I guess this is different from being a mechanic but don't ask me how, I am not a car girl. Anywho, after a month Brian asked me out on a date and, I said yes! We went to the local ice cream place, the Twist and Shake (I think it was supposed to be a Beatles pun), and had a nice little conversation. There was not much to do in Locust, Pennsylvania after all. I had even taken the opportunity to wear a low-cut shirt to "show off the goods" so to speak. In truth, the shirt had not been low cut prior to my cleavage metamorphosis. After a few weeks he even asked me to be his girlfriend and I was elated! No one had ever thought of me in that way before, it was like I was experiencing my sexual coming of age, the only thing was that at this point I was very much anti-sex traditionalist.I grew up in a very strict Eastern Orthodox family and had taken my parents' views on sex as my own. I was supposed to wait until marriage. I told Brian this a little while after we started dating. Despite him reassuring me that everything was okay, I could see the disappointment on his face. I would try to satiate him by compromising. I offered him handjobs at first, then gave my first blowjob, but this wasn't good enough. He was horny all the time, and I just couldn't keep up. I started sending nudes. Something until then I thought people were stupid for doing. Then, one day in April, when we were over at his house; he was always trying to get me to come over and come into his bedroom, which I tried to stay away from like the plague. I foolishly went in there, like an idiot. He then begged me for sex and tried to take off my clothes. I told him no, but when he got upset I felt bad and said that if he wanted to there was another way that we could do it. That was how I lost my anal cherry.Still with me? Good. So the next month, May, was the big prom. It was my senior prom, so my parents went all out and purchased me the most expensive black and pink dress (yes, I listen to K-pop), I think it cost a thousand dollars! Daddy bought it for me and even paid for a limo for Brian and me! That night was perfect. In his suit, Brian looked like the most suave handsome man in the world, and could have easily passed for Tony Stark or Bruce Wayne. After prom the limo dropped us off at my house and Brian (at this point I didn't have my license yet, just a learner's permit), drove us to "after prom", which was held at the Macedonian-American Cultural Center. Well during the hour break between prom and "after prom" (Which might I add is stupid. Like as far as I can tell it's always been this way but it feels like the school is just begging the students to have sex?). Brian pulled the car over to a discrete area. I was a little worried at first, but just figured that I was going to unzip his pants and give him head, but he had other things in mind. He gave me this long impassioned speech about how much he loved me and how we were meant to be together. I felt moved by the moment, and well, I loved him. So I told him that if he was still a virgin then yes, we could have sex. But if not, then I would still let him fuck me in the ass. He told me that I would be his first. So we had sex. I was so stupid for believing him.I wish I could tell you this long passionate tale about my first time, and how amazingly romantic it was, but;1.       That's not the point of this story, and;2.       He humped me in the back of a Honda Accord until he jizzed all over my belly button, not exactly the most romantic first time.Anyway, for the rest of the night, and until the end of the school year, I was in a very romantic mood.Graduation felt like such a big deal at the time, like the rest of my life was starting and that I had finally become a woman. Like my whole life was starting to come together. Prom night was kind of a bursting of the dam, or watershed moment. After that he would start fucking me in his bedroom almost every day after classes, and then when school ended, just whenever he could get me to come over. I would typically just lay there, on my back or stomach, not moving much until he finished up. Nobody ever taught me how to have sex, and Brian was fine with me just being a dead fish. This would only last until early July however.When a seemingly innocuous comment from Brian's father about him "finally finding a good girl," caused me to spiral and stalk his Facebook and Instagram profiles. I found out that he dated over a half-dozen women before me. Some he had told me about, others he did not. Could he really expect me to believe that he never had sex with any of these women?I have a tendency to internalize my frustrations and shut down when there's a problem in my life. I gave up my virginity on a fraud! For the rest of July I did not let Brian have sex with me, not even once. He got very upset with this, but I refused to say why. Until, finally, in August when during a discussion about how our relationship was going to proceed. He was going to Ohio University, a party school, and I was going to Penn State. I confronted him. I asked him about these past girlfriends. He told me that he lied and that he was sorry.I broke down into tears, and then he said, "Since you're already crying. I might as well tell you: I'm breaking up with you." I could not breathe. My mind was racing a mile a minute but the words I wanted to say would not come out. He continued, "I just don't think that you're intimate enough for me.  I don't want you weighing me down while I'm at college. You understand."No, I do not understand, You bastard! And if you're reading this, I fucking hate you, Brian Romanchuck!Fuck him! No, don't! But I hope some brute at the state prison fucks his ass with a led pipe! New FriendsOnly a few weeks later, at the end of August (or maybe it was September at this point), I was shipped away from home and started my new life as a freshman at Penn State Brandywine. I chose Penn's Brandywine campus because it not only had the Micro-electromechanical systems program I was looking for but was also refreshingly rural and familiar, despite how close to Philadelphia it was. Plus I had a nice scholarship for being a female stem major.Since my breakup, I began wearing baggy clothes to hide my body. I didn't need asshole boys wanting me for my body. Trust me, at this point in time I hated my body (don't worry dear reader, that was going to change soon, but thanks for your concern). This was made even harder by the fact that I had a second growth spurt over the summer and now my tits were the size of watermelons and none of my bras fit me anymore! (Okay so maybe watermelons is a bit of an exaggeration. But they're 34 F, like in between a cantaloupe and a watermelon, and were annoying as hell for the longest time because I wasn't used to carrying these large udders on my body). My Ass pillows turned into, basketballs? Okay I'm totally trolling you now by calling my ass basketballs but I don't care what you want me to say, my ass simply got fatter. Other than that, my waist and overall fitness was good.After losing my virginity to a lying asshole, I overcorrected and stayed away from all things sex for a time, but this didn't mean I wasn't lonely. For the past six months I had not only finally discovered companionship and having a social life; but also had it all ripped away from me. The one person who I talked to every day, and was vulnerable with was gone. Away from family and any familiarity, I was scared. Scared to even try to make any friends at all. I had five classes a week but pretty much kept to myself the entire time. Despite sitting near the front of the class as I was accustomed to, I rarely spoke and never raised my hand.The day that would change the course of my life forever, was during the onset of October, I decided to visit the gaming lounge in building C. It was nice! It had four flat screen TVs mounted on the walls, and a fancy kitchenette. Each TV was spaced maybe ten yards from the next, & featured a round table with six black fake leather, cushioned chairs, and was paired with a PlayStation 4, or Xbox One, I want to say it's called? Microsoft has such stupid naming conventions for their consoles (PlayStation supremacy).My first time stepping in there, I stood around for a moment to scan the room, before I caught a glimpse of a group of five college boys. Well apparently I, a 5' 3" woman with big black boots, short blonde hair, a Sailor Moon skirt and long black socks leading up to said skirt, caught their eye too. Because not a minute later, one of the boys called out to me, "Hey!" Nervous, I immediately darted out of the room. Caught off guard, the guy said "Welcome, wait!" as I then ran down the hallway and out of building C. My anxiety had gotten the best of me.Later that week, I took another trip out to the gaming lounge. I was tired of being lonely and was determined to march in there and befriend those boys. They liked video games (and let's be honest, probably anime too), and I loved video games and anime! I would make friends or die of embarrassment trying.I entered the lounge and not two seconds later I overheard a discussion about Naruto."They totally wasted Neji as a character, probably should've just let him die in the hospital after his fight with Kidomaru." said a short man with a vest and a fedora."No way! And miss his redesign after the time skip, and all the love he got in the filler arcs? At least have him survive until the Team Gai fight, with Kisame. Maybe have Lee and Gai fight the clone, and have Neji die saving Tenten." said one who was over six foot tall, but also quite stocky."Now that's an," the short one stopped, when he looked over at me, after finally noticing my presence.All five guys turned their heads to look at me, and my face turned beet red from all the attention I was getting. A short awkward silence ensued before I spoke in a high pitched and slightly nervous tone. "Hi guys! My name's, umm, Liza.  And I, well sorry about running out the other day. I just wanted to say hi, and see what you guys are doing here! I see you're talking about Naruto, that's pretty swell!"One of them sat up from his chair and waved to me. "Hey! My name's Mike. We were just debating on what we wanted to play, and got a little sidetracked." He was kinda cute with the most adorable head of jet black hair I've ever seen and a denim jacket. "What's your name?"I paused as if to think, "Liza! My name's Liza!"Mike stood, and approached me as he introduced me to everyone. They were: Mike the cute one, Brad the fedora wearing hipster one, Rob the tall stocky one, Hahn the Asian one, and Chester the, Chester one.Mike, a natural leader; then asked the guys; "So why doesn't everyone introduce themselves and tell Liza here what their favorite game is?""Name's Chester, and Legend of Zelda: A Link to the Past." Chester answered."Majora's Mask is ten times better, but I'd have to say Elden Ring. PC Master Race!" Asian Hahn cheerily shouted."Fuck you!" retorted Chester."Horizon: Zero Dawn! Aloy is my waifu." said Big Rob."Sly Cooper 2: Band of Thieves." Hipster Brad answered."The thing about Sly Cooper fans is that they don't shut up about it." whispered Mike, standing next to me."And what about you, Mike?" I asked."Me? Oh my favorite game is Fallout: New Vegas." Mighty Mike answered."Dog shit performance, looks like a PlayStation 2 game." Asian Hahn butted in."Pixel snob." Mike rolled his eyes and then looked over at me. "What's your favorite game Liza?""Well; I really love Pokémon, but that kinda feels like cheating. Black 2 is my favorite Pokémon game, but I really liked The Last of Us Part 2.""Lame, Emerald is better." Hipster Brad interjected."Gen Threer! Everyone knows Platinum is the best." Asian Hahn protested."In case you haven't noticed, everyone's pretty opinionated." Mike laughed.I spent the rest of the afternoon hanging out with them, watching them play Smash Bros on a Switch that Rob brought from his dorm. I even played a match and got my ass kicked, which is what happens when you main Isabelle, or so they told me, but I can't help it, she's my comfort character. Then I left for my dorm to do my 3D Modeling homework. I hung out with them the next day after class, again at the gaming lounge, and before I went home they even invited me into their group chat! "Switches, No Bitches" was the name when I first joined but shortly after they changed it to "Switches, One Bitches". Laughing my ass off.One day after class I came to the gaming lounge and to my surprise, only Mike was there."Where is everyone?" I asked."Rob's on a fieldtrip, and Brad's with his girlfriend for date night.""And Hahn and Chester?""They're at the Yu gi oh regionals in Philadelphia.""Oh, so just the two of us today?""Yep." Mike affirmed."Well that's fun! Did you maybe wanna go somewhere, to get something to eat?" I took the initiative with Mike."Sure!” Mike beamed. “Where did you wanna go?""There's a nice ramen place in Ridley Park?""You Bet." He smiled.A half an hour later we were inside the restaurant, waiting to order. We got to talking and Mike told me more about himself. His mom died when he was very little, and he was going to school to become a structural engineer, because of his dream of serving in the Army Corps of Engineers. To be honest, I don't even know what this, is or what they do. Now that I think of it though, what even is an engineer? Sort of ambiguous, given all the types of engineer careers I've heard of. Is a chemical engineer sorta like a structural engineer?Mike's bushy black hair was so beautiful that I couldn't look away. I was really starting to crush on him. As he talked about his career aspirations and favorite Manga literature, all I could think about was how cute his head would look sandwiched between my thighs. I started to feel, daring.At the end of the meal, when the check came; he paid and left a generous tip for our server."Hey, you wanna come back to my place and watch a movie?" I invited."Sure, what did you have in mind?" Mike asked.Silly boy. I thought. He actually thinks I have a movie in mind.We went back to my dorm and I sat on my bed, as he awkwardly stood in the middle of the room."Thanks for hanging out with me tonight. It's been such a long time since I've hung out with a friend one-on-one, or a boy, for that matter." I was flirting."You don't have a lot of friends?""No." I answered honestly."When was the last time you hung out with a group of friends?" he asked."6th grade.""Wow, I'm actually really sorry to hear that.” He came and sat next to me. “But I can relate somewhat. Growing up my family moved around so much that I never really got to stop in one place and build a group of friends.""Aww, I'm sorry. What about all the guys from the lounge?""I met most of them last year, my first year at Penn. Except Brad, he's a freshman I think.""So you never really had many friends, either?""Yeah." He hesitated, "Which is actually why I really wanted to thank you for hanging out with us. I know it's only been a few weeks; and don't feel obligated to hang out with us every week if you have something else going on; but the guys really like having you there. And so do I."We hugged.My cheeks turned crimson. I wanted to get over Brian so bad. Besides, Mike was a nice guy and you know what they say; ‘the best way to get over someone; is by getting under someone.'After we embraced, I stood in front of him and slowly unzipped my black Pokémon athletic warmup jacket, and slowly slid it off my shoulders. As if my tits weren't massive enough, I had them hiked up in a pushup bra.I then did a half turn and I pulled down my baggy matching athletic warmup pants. I was wearing pink satin panties with purple hearts on them, I glanced back over my shoulder at him with a seductively raised eyebrow and wink. At first Mike was really surprised, like a dream was happening in real life. But after he got over his shock, he understood my terribly unsubtle gesture. (Fellas, what's the weirdest way a socially awkward woman signaled to you that she wanted to bang?)

This week, Liz Ann Sonders and Kathy Jones discuss the implications of the ongoing government shutdown and the impact on key economic indicators and market data. They analyze the current state of the bond and equity markets, the reliance on alternative data sources in the absence of government data, and the upcoming earnings season. Their conversation highlights the bifurcations in market performance, particularly between larger and smaller companies, and the impact of fiscal policy on global bond markets. They also touch on consumer behavior in response to tariffs and the importance of monitoring key economic indicators moving forward.On Investing is an original podcast from Charles Schwab. For more on the show, visit schwab.com/OnInvesting. If you enjoy the show, please leave a rating or review on Apple Podcasts.Important DisclosuresThis material is intended for general informational and educational purposes only. This should not be considered an individualized recommendation or personalized investment advice. The investment strategies mentioned may not be suitable for everyone. Each investor needs to review an investment strategy for his or her own particular situation before making any investment decisions.All expressions of opinion are subject to change without notice in reaction to shifting market, economic or political conditions. Data contained herein from third party providers is obtained from what are considered reliable sources. However, its accuracy, completeness or reliability cannot be guaranteed.Past performance is no guarantee of future results.Investing involves risk, including loss of principal. Performance may be affected by risks associated with non-diversification, including investments in specific countries or sectors. Additional risks may also include, but are not limited to, investments in foreign securities, especially emerging markets, real estate investment trusts (REITs), fixed income, municipal securities including state specific municipal securities, small capitalization securities and commodities. Each individual investor should consider these risks carefully before investing in a particular security or strategy.Treasury Inflation Protected Securities (TIPS) are inflation-linked securities issued by the US Government whose principal value is adjusted periodically in accordance with the rise and fall in the inflation rate. Thus, the dividend amount payable is also impacted by variations in the inflation rate, as it is based upon the principal value of the bond. It may fluctuate up or down. Repayment at maturity is guaranteed by the US Government and may be adjusted for inflation to become the greater of the original face amount at issuance or that face amount plus an adjustment for inflation. Treasury Inflation-Protected Securities are guaranteed by the US Government, but inflation-protected bond funds do not provide such a guarantee.All names and market data shown above are for illustrative purposes only and are not a recommendation, offer to sell, or a solicitation of an offer to buy any security.Indexes are unmanaged, do not incur management fees, costs, and expenses and cannot be invested in directly. Forecasts contained herein are for illustrative purposes only, may be based upon proprietary research and are developed through analysis of historical public data.The policy analysis provided by the Charles Schwab & Co., Inc., does not constitute and should not be interpreted as an endorsement of any political party.(1025-T88J) Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

How reliant is the US economy on the AI investment boom? It's a question Group Chief Economist Neil Shearing keeps getting in client meetings. On this episode of The Weekly Briefing, he tells David Wilder why there's more to the story than hype around a new technology. Neil also explains why France faces a political – but not an economic – crisis, and what to make of China's toughest moves yet to control rare earth exports.Also on the show, six months after Liberation Day, Deputy Chief Markets Economist Jonas Goltermann assesses how predictions of the dollar's demise have played out and unpacks the market's striking response to Japan's new LDP leader.Analysis and events referenced in this episode:Watch: US Outlook – Weighing the AI boom, labour constraints and the Fed's next chapterRead: China tightens its grip on rare earths (again)Register: Markets Drop-In: Asset Allocation in 2026 – Why we don't think the AI equities boom is overRead: Japan coalition talksRead: What would PM Takaichi mean for Japan?

MacroVoices Erik Townsend & Patrick Ceresna welcome, Matt Barrie. They discuss all things AI in this week's feature interview. Is it a bubble about to burst, or a new secular trend that will soon be bigger than the Internet itself? https://bit.ly/4h3y1f3   

The Inside Economics team welcomes Lisa Simon, Chief Economist at Revelio Labs, for an unusual jobs Friday podcast as the ongoing government shutdown prevented the release of the September employment report. Lisa details the new public labor statistics data that Revelio Labs began publishing recently in the wake of turmoil at the Bureau of Labor Statistics. The team discusses how private data sources can help fill in the gaps left by the temporary absence of government data and also dissects the current state of the labor market.Guest: Lisa Simon – Chief Economics, Revelio LabsFor more about Lisa Simon, click here: https://www.reveliolabs.com/author/lisa-k-simon/Explore the risks and realities shaping the economy in our new webinar, now streaming for free.U.S. Economic Outlook: Under Unprecedented UncertaintyWatch here: https://events.moodys.com/mc68453-wbn-2025-mau25777-us-macro-outlook-precipice-recession?mkt_tok=OT…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 Questions or Comments, please email us at helpeconomy@moodys.com. We would love to hear from you. To stay informed and follow the insights of Moody's Analytics economists, visit Economic View. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

In this episode, Liz Ann Sonders and Kathy Jones begin by discussing the implications of the government shutdown on employment data and the Federal Reserve's dual mandate. They analyze the challenges posed by the potential lack of government data and the reliance on private sector indicators like ADP. Then, Kathy Jones speaks with Joel Levington, who has more than 25 years' experience in corporate credit research. Kathy and Joel discuss the overall current state of the credit markets, focusing on corporate credit health, the auto industry's challenges, and some of the impacts of economic disparities on consumer credit. They explore the significance of credit ratings, the rise of private credit, and the implications of inflation and government policies on the economic outlook.Finally, Kathy and Liz Ann discuss upcoming economic data and how earnings season could shape market expectations.On Investing is an original podcast from Charles Schwab. For more on the show, visit schwab.com/OnInvesting. If you enjoy the show, please leave a rating or review on Apple Podcasts.Important DisclosuresThis material is intended for general informational and educational purposes only. This should not be considered an individualized recommendation or personalized investment advice. The investment strategies mentioned may not be suitable for everyone. Each investor needs to review an investment strategy for his or her own particular situation before making any investment decisions.All expressions of opinion are subject to change without notice in reaction to shifting market, economic or political conditions. Data contained herein from third party providers is obtained from what are considered reliable sources. However, its accuracy, completeness or reliability cannot be guaranteed.Past performance is no guarantee of future results.Investing involves risk, including loss of principal. Performance may be affected by risks associated with non-diversification, including investments in specific countries or sectors. Additional risks may also include, but are not limited to, investments in foreign securities, especially emerging markets, real estate investment trusts (REITs), fixed income, municipal securities including state specific municipal securities, small capitalization securities and commodities. Each individual investor should consider these risks carefully before investing in a particular security or strategy.The comments, views, and opinions expressed in the presentation are those of the speakers and do not necessarily represent the views of Charles Schwab. All names and market data shown above are for illustrative purposes only and are not a recommendation, offer to sell, or a solicitation of an offer to buy any security.Indexes are unmanaged, do not incur management fees, costs, and expenses and cannot be invested in directly. Forecasts contained herein are for illustrative purposes only, may be based upon proprietary research and are developed through analysis of historical public data.The policy analysis provided by the Charles Schwab & Co., Inc., does not constitute and should not be interpreted as an endorsement of any political party.(1025-NWPB) Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Our new Global Economic Outlook has just been published – and it makes for a striking contrast. In the US, the drag from Trump's policy agenda looks set to be outweighed by an AI-driven investment boom that may already be lifting productivity. In Europe, by contrast, the optimism seen earlier this year has faded as structural headwinds continue to hold growth back.In this episode of The Weekly Briefing, Group Chief Economist Neil Shearing explores how AI may be transforming America's potential, even as Europe struggles with long-standing weaknesses.Plus, a decade on from a devastating market crash, Asia-Pacific Markets head Thomas Mathews unpacks what's been driving China's equity boom this year – despite the broader economic weakness – and how sustainable it really is.Analysis and events referenced in this episodeGlobal Economic Outlook: US leads, others lag, in uneven global economyDrop-In: US Outlook – Weighing the AI boom, labour constraints and the Fed's next chapterDrop-In: China Outlook – Can policy reverse economic weakness?The economic and market impact of AIMore upside for China's stock market as its AI+ plan gets going

MacroVoices Erik Townsend & Patrick Ceresna welcome, Lyn Alden. Lyn picks up where Luke Gromen left off last week, sharing her views on what it would take to actually stop this train. http://bit.ly/48djn2y  

The world's population growth tells two stories: in many countries populations are aging, while in others, populations are getting younger. Projections show most countries will likely see shrinking populations within the next 25 years due to historically low fertility rates.But the African continent is bucking this trend. It has the potential to benefit from a demographic dividend: an opportunity for rapid economic growth driven by a large, youthful population. But that is with the right combination of policies and technical support).In this episode of The Development Podcast, we get to grips with what the data tell us, and what this means for development.Join us as we hear from: Craig Hammer, Manager, Office of the Chief Statistician & Development Data Group, World Bank Group, Sarah Hague, Regional Advisor Social Policy, East and Southern Africa, UNICEF, Juyoung Yang, Economist, Department of Macroeconomic and Financial Policies, Korea Development Institute, Katia Osei, Head of Environmental Justice, The Or Foundation, Ghana.Timestamps[00:00] Welcome: From demographic dividends to sliver tsunamis [02:28] Two stories of demographic changes in Ghana and Korea[08:08] Why do we need data for development?[09:53] The demographic dividend unpacked[14:36] Missing data in development[16:27] How the World Bank Group and UNICEF are working together on data collection[17:36] What new research on childhood poverty revealsABOUT THE DEVELOPMENT PODCASTThis international development podcast brings together the data, research—and solutions—that can pave the way to a sustainable future. Through conversations focused on revealing the latest data, the best research, and cutting-edge solutions, let us introduce you to the folks working to make the world a better place. Listen and subscribe for free on your favorite platform. And rate our show! ;) Tell us what you think of our podcast here >>>. We would love to hear from you! ABOUT THE WORLD BANKThe World Bank is one of the world's largest sources of funding and knowledge for low-income countries. Its five institutions share a commitment to reducing poverty, increasing shared prosperity, and promoting sustainable development.

Craig Jeffery talks with Damian McIntyre and John Mosko of Federated Hermes about the evolving state of US tariffs, court rulings, and their ripple effects on inflation, the Fed, and investment strategies. They explore how companies are reacting, what it means for rates, and how treasury professionals can navigate duration and asset decisions in this environment.   Views are those of Federated Securities Corp. as of 9/05/25, and are subject to change based on market conditions and other factors. These views should not be construed as a recommendation for any specific security or sector. Bond prices are sensitive to changes in interest rates, and a rise in interest rates can cause a decline in their prices. You could lose money by investing in a mutual fund. Although some money market funds seek to preserve the value of your investment at $1.00 per share, they cannot guarantee they will do so. An investment in these funds is not a bank account and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Ultrashort and other short duration bond funds are not “money market” mutual funds. Some money market mutual funds attempt to maintain a stable net asset value through compliance with relevant Securities and Exchange Commission (SEC) rules. Short duration funds are not governed by those rules, and their shares will fluctuate in value. Due to various risks and uncertainties, actual events, results or actual performance may differ materially from that reflected or contemplated in any forward-looking statements. Nothing contained herein may be relied upon as a guarantee, or a representation as to the future. Although the information provided in this podcast has been obtained from sources which Federated Hermes believes to be reliable, it does not guarantee accuracy of such information and such information may be incomplete or condensed. Federated Hermes is not affiliated with Strategic Treasurer.

Tariffs are back in the headlines after Donald Trump's latest announcements – but how much of a threat do these new levies really pose? Could they fuel inflation pressures, and is Trump's trade policy really bringing manufacturing jobs back?Neil Shearing joins David Wilder to assess Trump's tariff threats, explain why Stephen Miran's call for US rates to be halved doesn't add up, and examine what's driving the divergence between inflation in the US and Europe/UK.Also on the show, Latin America Economist Kimberley Sperrfechter looks at an extraordinary week in Argentina, where markets have steadied after Washington intervened. What drove the Trump administration to act so forcefully, and will the support work?Analysis and events referenced in this episode:Data: Tariff Impact ModelRead: US Tariff AnnouncementRead: Japanese manufacturers starting to shift production to USRead: Euro-zone inflation risks now to the downsideDrop-In: From bonds to equities – The great pensions switch and its risksDrop-In: Where is r* heading? Catching up on equilibrium real ratesDrop-In: UK Outlook – More tax rises to add to economy's woes​​Read: Mapping China's presence in Latin America​

MacroVoices Erik Townsend & Patrick Ceresna welcome, Luke Gromen. They'll discuss what that will mean for markets, from gold to bitcoin to stocks. And of course no Luke Gromen interview would be complete without an update on Luke's outlook for the U.S. Dollar. https://bit.ly/4nn8U9t  

Video Version About the Podcast In this episode of State of Readiness, host Joseph Paris speaks with Alan Michaels, founder of the Industry Knowledge Graph, a strategic planning tool built on Michael Porter's competitive strategy framework. The discussion traces Alan's multi-decade journey to develop a globally comprehensive, highly granular industry taxonomy and its transformation into a usable, dynamic digital platform. Alan recalls the pivotal moment in 1986 when, while working in IT at Manufacturers Hanover Bank, he was introduced to Porter's Competitive Advantage. The structured, recipe-like nature of Porter's methodology resonated deeply with him, prompting a career pivot toward corporate strategy. Over time, Alan held various strategic roles, including at IBM and in insurance, but ultimately dedicated himself full-time to his ambitious goal: to map the entire global economy by industry, using Porter's definitions of competitive structure and market forces. The result, launched in April 2024, is the Industry Knowledge Graph, a platform that classifies the global economy into over 24,000 distinct industries, based on competitive commonalities such as products, buyers, substitutes, and vendors. This granularity far exceeds traditional classifications like NAICS codes. For instance, while NAICS might group all jet aircraft in one industry, Alan's system separates fighter jets, commercial jets, and blimps into unique segments. Even within food, categories like potato chips, pretzels, and popcorn are treated as different industries based on buyer behavior and competitive factors. The platform supports top-down and bottom-up analysis. A user can examine which industries a company like PepsiCo operates in (156 in total), or conversely, explore a given industry like potato chips and see the top competitors, value chains, channels, and influencing trends. Users can also compare companies by overlapping and unique industry participation—offering a precise view ideal for M&A analysis, competitive benchmarking, strategic expansion, or private equity targeting. Alan emphasizes that his system empowers corporate planners, marketers, and strategists to cut research time dramatically. What previously took months—such as comparing competitors by line of business—can now be done in seconds. A standardized set of industry data fields, inspired by Porter's methodology, makes this possible. Each industry entry includes value chains, buyer segments, substitute threats, supplier dependencies, market trends, and more. To bring this vision to life digitally, Alan partnered with Semantic Arts, a leader in semantic technology and the data-centric revolution. Together, they formed Industry Knowledge Graph LLC, combining Alan's industry content with a modern knowledge graph platform. The system launched with an initial demo and subscription access, and plans are underway to expand its data, integrate public classification codes (e.g., NAICS, UN), and invite partnerships to enrich its content. Alan concludes by emphasizing that the Industry Knowledge Graph offers a strategic lens to view the economy—one grounded in Porter's logic, built with real-world granularity, and powerful enough to revolutionize strategic planning across industries. About Alan Michaels As the Director of Industry Research at Industry Knowledge Graph LLC, I am solely focused on enhancing our industry model of the global economy, which leverages the IBB model of the global economy (covering 25,000 industries) developed by Industry Building Blocks LLC. For the past 24 years, I have been building and maintaining the best available industry segmentation of the global economy by line of business, using Michael E. Porter's five forces industry analysis methodology. My business expertise is in corporate planning, business unit planning, industry analysis, new business development, and aligning and coordinating business and IT and other activities to make the whole greater than the sum of the parts. In 1994, I self-published (a Porter-inspired step-by-step corporate planning workbook) "Structured Strategic Planning" while teaching at Pace University Graduate School. In short, since reading Porter's book "Competitive Advantage" in 1986 I have been passionate about leveraging his five-forces industry framework to provide high-quality, granular, and comprehensive industry data to raise the level of strategic thinking. Executive Contact: Alan Michaels Title: Managing Director of Industry Research LinkedIn Profile: https://www.linkedin.com/in/alansmichaels/ Company: Industry Knowledge Graph Website: https://www.industrykg.com/ Company Type: Private Year Founded: 2021 Practice Areas: Industry Model of the Global Economy, Knowledge Graph Platform, Market Segmentation, Five Forces Industry Analysis, M&A Analysis, Industry Taxonomy, Industry Classification Systems, Industry Ecosystems, Michael Porter Frameworks, Semantics, Ontology, Linked Data, Industry Trends, Macroeconomics, Microeconomics, Industry Classification Systems, Corporate Strategy, Business Unit Strategy, Competitor Analysis, and Market Intelligence

Spencer and Co-Host Addison examine the latest market developments and the trends driving today's economic landscape. Topics include the recent cooling in housing prices and the factors contributing to this shift, the Federal Reserve's latest rate cut and whether it was warranted, and current consumer sentiment toward the economy. Join the discussion for a clear, data-driven perspective on where the market stands and what these changes may signal for the months ahead.

Are Kiwis pessimists? The most recent GDP figures took a hit recently - shrinking more than expected. Cost of living is up, August figures show grocery prices up more than four and half percent on the year previous. The unemployment rate was about 3.6% in June 2023 and is now 5.2%. Robert MacCulloch holds the Matthew S. Abel Chair of Macroeconomics at the University of Auckland and is regarded as a leading voice on "happiness economics". He spoke to Lisa Owen about whether all the stats are really getting us down.

Laurence Bensafi, Deputy Head of EM Equities, and Mike Reed, Head of Global Financial Institutions, discuss the strong outperformance of the asset class in the year-to-date, the impact of tariffs on EM companies, and why quality value investments are compelling. They also discuss two of the team's top-down themes – Technology Transformation and Future Infrastructure – and how a thematic approach drives bottom-up stock picking.

The global economy is moving from experiencing "episodic shocks" to "a new operating regime, one that is defined now by persistent disruption." So says Wayne Best, chief economist at Visa, as he gives his take on the Chief Economists Outlook, the World Economic Forum's regular pulse check of the world economy and where it is headed. Episode page with transcript: https://www.weforum.org/podcasts/radio-davos/episodes/chief-economists-outlook-visa-wayne-best Links: Chief Economists Outlook: wef.ch/chiefeconsept25 Related podcasts: "New era, new mood, new challenges" - historian Adam Tooze on why things will never be the same again “Trillions of dollars added to the economy” - Google's chief economist on the macro impact of AI The global economy 'at a crossroads' ahead of Davos: Chief Economists Outlook Check out all our podcasts on wef.ch/podcasts:  YouTube: https://www.youtube.com/@wef Radio Davos - subscribe: https://pod.link/1504682164 Meet the Leader - subscribe: https://pod.link/1534915560 Agenda Dialogues - subscribe: https://pod.link/1574956552 Join the World Economic Forum Podcast Club: https://www.facebook.com/groups/wefpodcastclub    

Marc Giannoni is a managing director and the chief US economist at Barclays Capital. In Marc's first appearance on the show he discusses working on the 2020 Fed Framework Review, the troubling issues of Fed independence and fiscal dominance, the future of long rates and r-star, his influential 2006 paper about what good monetary policy looks like, and much more. Check out the transcript for this week's episode, now with links. Recorded on August 28th, 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 00:01:35 - Marc's Career 00:6:41 - Fed's Framework Review 00:20:46 - Fed Independence 00:27:12 - Long-Term Rates 00:43:39 - Has Monetary Policy Become More Effective? 00:55:48 - Outro

Kathy Jones and Liz Ann Sonders analyze the market reactions to this week's quarter-point Fed rate cut. They also look at the implications of the lower rate for the broader market, the particular dynamics of the Federal Reserve's economic projections, and the current state of the labor market. Then, Freya Beamish, chief economist for TS Lombard, joins Liz Ann in a discussion focused on tariffs and labor market conditions. She emphasizes the complexities of the labor market, particularly in relation to immigration and job creation. The discussion also touches on the legal aspects of tariffs and the potential reactions from the Federal Reserve. Beamish concludes with an optimistic outlook on productivity growth and the influence of AI on the economy.Finally, Kathy and Liz Ann discuss which key economic data to watch in the coming weeks.You can keep up with Freya Beamish and follow her podcast Perkins Vs Beamish.On Investing is an original podcast from Charles Schwab. If you enjoy the show, please leave a rating or review on Apple Podcasts.Important DisclosuresThis material is intended for general informational and educational purposes only. This should not be considered an individualized recommendation or personalized investment advice. The investment strategies mentioned may not be suitable for everyone. Each investor needs to review an investment strategy for his or her own particular situation before making any investment decisions.All expressions of opinion are subject to change without notice in reaction to shifting market, economic or political conditions. Data contained herein from third party providers is obtained from what are considered reliable sources. However, its accuracy, completeness or reliability cannot be guaranteed.Past performance is no guarantee of future results.Investing involves risk, including loss of principal. Performance may be affected by risks associated with non-diversification, including investments in specific countries or sectors. Additional risks may also include, but are not limited to, investments in foreign securities, especially emerging markets, real estate investment trusts (REITs), fixed income, municipal securities including state specific municipal securities, small capitalization securities and commodities. Each individual investor should consider these risks carefully before investing in a particular security or strategy.The comments, views, and opinions expressed in the presentation are those of the speakers and do not necessarily represent the views of Charles Schwab. All names and market data shown above are for illustrative purposes only and are not a recommendation, offer to sell, or a solicitation of an offer to buy any security.Currency trading is speculative, very volatile and not suitable for all investors.Forecasts contained herein are for illustrative purposes only, may be based upon proprietary research and are developed through analysis of historical public data.The policy analysis provided by the Charles Schwab & Co., Inc., does not constitute and should not be interpreted as an endorsement of any political party.(0925-GCNT) Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

MacroVoices Erik Townsend & Patrick Ceresna welcome, Louis-Vincent Gave. They discuss deflation, precious metals, equities, China, energy markets, and much more. https://bit.ly/3VqJY4t   

The current climate of geopolitical and macroeconomic uncertainty can complicate the strategy process and can make the idea of waiting for calmer times look attractive. But as our guests today point out, waiting out the storm is not an option. Instead, organizations need to make bold strategic moves rooted in a thorough understanding of how they create value and the market conditions they face. In this episode, Sean is joined by Matt Watters, who is a leader in our Geopolitics, Government, and Strategy and Corporate Finance Practices and a partner in our New Jersey office. Matt’s work focuses on growth and innovation in industries with evolving global dynamics, including defense, space, semiconductors, high tech, and cybersecurity. Ezra Greenberg also joins the podcast and is a partner in our Connecticut office, where he advises executives and investors across multiple sectors on how macro forces and global trends impact critical strategy and investment decisions under uncertainty. Related insights In a moment of tariffs, can the world find balance and trust to thrive? How American business can prosper in the new geopolitical era Restricted: How export controls are reshaping markets Tariffs on the move? A guide for CEOs for 2025 and beyond A proactive approach to navigating geopolitics is essential to thrive Strategy beyond the hockey stick: People, probabilities, and big moves beat the odds Building geopolitical resilience: A conversation with Michèle Flournoy Taking a proactive approach to geopolitics McKinsey Insights on Strategy & Corporate Finance McKinsey Strategy & Corporate Finance on LinkedInSupport the show: https://www.linkedin.com/showcase/mckinsey-strategy-&-corporate-finance/See www.mckinsey.com/privacy-policy for privacy information

Macroeconomists know that our economic activity influences – and is influenced by – the natural environment in which it is embedded, but we have learned that modelling those effects is far from easy. The scientific consensus around climate change is strong, but there's not similar agreement over appropriate economic policies to deal with it. On the eve of COP 30, a new review of macroeconomics and climate shows how far we have come but also points out where the gaps in our knowledge are. Adrien Bilal of Stanford University tells Tim Phillips about the state of research, its missing links, and the limits of what economists can do to influence the policy agenda.

Azza Al Habsi , AVP – Economic Research and Emerging Trends, Ominvest

As we head towards the end of the year, financial markets are caught between fading growth and expectations regarding monetary policy. How should investors navigate financial markets in the final months of 2025, and where do we see the sweet spots?In this episode of the Beyond Markets podcast, Christian Gattiker, Julius Baer's Head of Research, and Mark Matthews, Head of Research Asia, talk to Bernadette Anderko about the macroeconomic developments since Liberation Day, what they expect from the Fed and the ECB for the rest of the year, and the current global opportunities for investors, particularly, but not only, in the equity and fixed income space.(00:32) - Introduction of topic and speakers (01:12) - Macroeconomic developments since Liberation Day (02:10) - Asia's macroeconomic picture (05:05) - Year-end headline research calls (05:39) - Developed-market equity preferences (06:09) - Breaking away from the ‘US only' mindset (06:42) - Emerging market equity sweet spots (08:26) - Where to find value in fixed income (09:10) - Commodities outlook (11:06) - US dollar set to weaken? (11:46) - Dealing with tariff news (12:45) - Summary and closing remarks Would you like to support this show? Please leave us a review and star rating on Apple Podcasts, Spotify or wherever you get your podcasts.

This week, Liz Ann Sonders and Kathy Jones discuss the recent downward revision in job market statistics, the implications for the economy, and the likelihood of a rate cut next week. They analyze the broader economic context of the job revisions, the importance of indicators like the Producer Price Index, and the impact of global market volatility. Then, Steven Meier joins the show. He is the Deputy Comptroller and Chief Investment Officer for the New York City retirement systems. Liz Ann and Kathy discuss his role, the importance of education for retirement plan participants and trustees, the convergence of public and private markets, and the challenges of inflation and liquidity management. Meier shares his thoughts on particular investment strategies, mainly in private equity and fixed income, while also addressing the current state of the public markets and the impact of AI on future investments. The discussion highlights the complexities of asset allocation and the importance of understanding market dynamics.Finally, Kathy and Liz Ann discuss which key economic data to watch in the coming weeks.On Investing is an original podcast from Charles Schwab. For more on the show, visit schwab.com/OnInvesting. If you enjoy the show, please leave a rating or review on Apple Podcasts.Important DisclosuresThis material is intended for general informational and educational purposes only. This should not be considered an individualized recommendation or personalized investment advice. The investment strategies mentioned may not be suitable for everyone. Each investor needs to review an investment strategy for his or her own particular situation before making any investment decisions.All expressions of opinion are subject to change without notice in reaction to shifting market, economic or political conditions. Data contained herein from third party providers is obtained from what are considered reliable sources. However, its accuracy, completeness or reliability cannot be guaranteed.Past performance is no guarantee of future results.Investing involves risk, including loss of principal. Performance may be affected by risks associated with non-diversification, including investments in specific countries or sectors. Additional risks may also include, but are not limited to, investments in foreign securities, especially emerging markets, real estate investment trusts (REITs), fixed income, municipal securities including state specific municipal securities, small capitalization securities and commodities. Each individual investor should consider these risks carefully before investing in a particular security or strategy.The comments, views, and opinions expressed in the presentation are those of the speakers and do not necessarily represent the views of Charles Schwab. All names and market data shown above are for illustrative purposes only and are not a recommendation, offer to sell, or a solicitation of an offer to buy any security. Currency trading is speculative, very volatile and not suitable for all investors.Treasury Inflation Protected Securities (TIPS) are inflation-linked securities issued by the US Government whose principal value is adjusted periodically in accordance with the rise and fall in the inflation rate. Thus, the dividend amount payable is also impacted by variations in the inflation rate, as it is based upon the principal value of the bond. It may fluctuate up or down. Repayment at maturity is guaranteed by the US Government and may be adjusted for inflation to become the greater of the original face amount at issuance or that face amount plus an adjustment for inflation. Treasury Inflation-Protected Securities are guaranteed by the US Government, but inflation-protected bond funds do not provide such a guarantee.Diversification and asset allocation do not ensure a profit and do not protect against losses in declining markets.Forecasts contained herein are for illustrative purposes only, may be based upon proprietary research and are developed through analysis of historical public data.The policy analysis provided by the Charles Schwab & Co., Inc., does not constitute and should not be interpreted as an endorsement of any political party.(0925-CPRL)

MacroVoices Erik Townsend & Patrick Ceresna welcome, Dr. Anas Alhajji. They discuss all things energy, from this past Sunday's Group of 8 meeting to secondary sanctions strategy on India to the reincarnated Power of Siberia 2 pipeline project. https://bit.ly/4gkBeGI   Trade Dr. Anas Alhajji's Oil View Live! (Members-Only Guest Pass) Register For A Free Trial To Claim Your Pass! Here: https://dub.link/qt10D1y  

Who stands to be the biggest loser if free trade starts to unwind? Who stands to gain?  Chief Market Strategist Troy A. Gayeski, CFA dives into his latest strategy note on what trade policy may mean for equities and how investors can respond.   Troy joins Content Strategist Harrison Beck to outline his frameworks for understanding the current tariff-inflected environment. He examines the contributing factors of the GDP, U.S. consumer and bank strength, and the concept he coined to describe this kind of market upheaval, “The Galactic Mean Reversion.” Have a question for our experts? Text us for a chance to have your questions answered on the next episode.To watch the video version, go to https://www.youtube.com/@futurestandard_fs For more research insights go to https://futurestandard.com/insights

MacroVoices Erik Townsend & Patrick Ceresna welcome, Jim Bianco. They discuss, whether a fed rate cut is even a good idea, inflation risks, the unobvious relationship between the jobs report and the southern border, why cutting short term rates could actually shock long-term yields higher, and much much more. https://bit.ly/3Vwtnfp   Trade Bianco's Bond View Live! (Members-Only Guest Pass) Register Here: https://dub.link/qt10D1y  

MacroVoices Erik Townsend & Patrick Ceresna welcome, Louis-Vincent Gave. They'll discuss his long-term perspective on China's role in the global economy, highlighting both its extraordinary infrastructure ambitions and the challenges of securing foreign capital amid shifting geopolitical realities. https://bit.ly/4mBZRAV   ✅Sign up for a FREE 14-day trial at Big Picture Trading: https://bit.ly/4d1fcag   

MacroVoices Erik Townsend & Patrick Ceresna welcome, Michael Every. They'll discuss Markets, policy, Russia-US summit and much more. https://bit.ly/3JpAnYU 

MacroVoices Erik Townsend & Patrick Ceresna welcome, Ole Hansen. They'll discuss all things commodities from tariffs to energy to precious metals and much more. https://bit.ly/3Uu4vog  

MacroVoices Erik Townsend & Patrick Ceresna welcome, Daniel Lacalle.  They'll discuss tariffs, recession risks, the European perspective on U.S. geopolitics and markets, the future of the EU's relationship with the United States, precious metals, energy, and much more. https://bit.ly/4llKZ8z  

MacroVoices Erik Townsend & Patrick Ceresna welcome, Rick Rule.  They'll discuss oil, uranium, gold and silver, and much more. https://bit.ly/40McC34