Podcasts about Macroeconomics

Rule Four of Financial Physics says everything eventually rises—not every stock, not every year, but human productivity and global economic output over time. Don and Tom explain why buying the broad market is ownership in thousands of businesses, not a trip to the casino, and why international diversification matters when nobody knows which country will lead the next century.Then Kenneth asks whether a tiny slice of his emergency fund belongs in stocks. The answer is still no: emergencies tend to arrive when markets are already falling. The guys also look at using qualified charitable distributions from inherited IRAs and why smart tax planning should not let the tax tail wag the financial dog.Finally, they compare BND with TIPS and ultra-short bond funds, unpack the trade-off between price stability and durable yield, and explain why preferred stocks cannot replace the ballast in a 60/40 portfolio.00:44 AI music, a low-budget show, and big-money topics02:46 Financial Physics Rule Four: everything eventually rises04:05 Stocks are ownership, not a casino bet05:13 Macroeconomic gravity and two centuries of productivity07:45 From $48 to $90,000 of U.S. output per person08:22 Letting thousands of companies do the heavy lifting09:18 AI, global output, and a Social Security token tax11:03 Why the next century demands global diversification13:35 Should emergency-fund money ever go into stocks?19:56 Inherited IRAs and qualified charitable distributions21:40 BND versus TIPS and ultra-short bond funds26:59 Why preferred stocks are not bond substitutes29:13 Theme-song experiments and the Talking Real Money singersQuestions? Comments? Click!

Andrew Cushman shares his journey from engineering graduate to real estate powerhouse, highlighting the critical lessons learned from acquiring over 3,000 units across the Southeast. He dives into what's really happening on the ground right now, including the surprising resilience of operations in Sun Belt markets, the true impact of rising interest rates, and the risks lurking in distressed lower-end properties. You'll discover why many deals are stalling due to lenders extending and pretending, and how private debt is both a risk and an opportunity. Andrew Cushman Founder & Principal of Vantage Point Acquisitions Based in: Los Angeles Metropolitan Area Where to find them: https://www.linkedin.com/in/andrewcushmanvpa https://www.vpacq.com/ Book your free demo today at bill.com/bestever and get a $100 Amazon gift card. Visit https://malabarhillcapital.com/ for more info. Podcast production done by⁠ ⁠Outlier Audio Learn more about your ad choices. Visit megaphone.fm/adchoices

Kevin Warsh sent financial markets into turmoil with a press conference that muddied, rather than clarified, the Fed's message. But was the confusion all part of a broader strategy from a Federal Reserve chair who takes a dim view of forward guidance? On the latest episode of The Weekly Briefing from Capital Economics, Group Chief Economist Neil Shearing joins David Wilder to discuss why he doesn't think the new chair deserves the benefit of the doubt, and why clearer communication will be essential if the Fed is to preserve its inflation-fighting credibility.Also on the show, Chief Europe Economist Andrew Kenningham explains why, despite the horrific scenes unfolding across southern Europe, this summer's wildfires are likely to have only a limited economic impact.Related contentThe renminbi could not rebalance China on its ownhttps://www.capitaleconomics.com/publications/china-economics-update/renminbi-could-not-rebalance-china-its-ownLittle macroeconomic impact of horrific wildfireshttps://www.capitaleconomics.com/publications/europe-economics-update/little-macroeconomic-impact-horrific-wildfires

MacroVoices Erik Townsend & Patrick Ceresna welcome, Jim Bianco. They will discuss this weeks FOMC meeting. https://bit.ly/4wz7e16   ✅Sign up for a FREE 14-day trial at Big Picture Trading: https://secure.bigpicturetrading.com/membership/signup/fOY4YJYX  

In this high impact masterclass edition of The Second Act Executive, host Tawnie Wolf, mother, licensed real estate professional, former corporate executive, and author, bridges production execution with urgent macroeconomic strategy, data defense, and parental rights.Inside this episode: Technical Masterclass (Days 18–22): Complete studio workflow, multitrack WAV recording, text based transcript editing in Riverside.fm, generating AI “Magic Clips” for vertical shorts, guest etiquette, and mastering your RSS feed for true platform independence. Data Sovereignty & Defending the West: Why Palantir Technologies and CEO Alex Karp's mission to defend Western democratic values matters, and why advanced threat detection technology belongs in our public school spaces to prevent mass violence. Macroeconomics & Displaced Media: How geopolitical shifts and foreign capital pullbacks (including Chinese venture reductions in North American media since 2017) forced creators onto social algorithms, driving rage bait, troll culture, and online harassment. Parental Rights & Leadership: Overcoming digital noise, confronting former mentors turned online trolls, and taking an aggressive stand for the physical and mental safety of our children.Action Items & Homework:Connect your podcast RSS feed to Spotify and Apple Podcasts.Head over to Tawnie Wolf's official channels (YouTube, LinkedIn, Facebook, and Instagram) or Wolf Vibrations, LLC to download the Cyberbullying & Platform Safety Survey. Complete it and email it directly to your local school board or Department of Education to help protect our children! Tune in every Wednesday at 9:00 PM PST for full episodes and daily for the Lunchtime Quickie mindset shift. Remember to stay hydrated, protect your capital, and build a platform rooted in real authority!

Group Chief Economist Neil Shearing unpacks another turbulent week for the global economy. He talks to David Wilder about the latest escalation in the US trade war, the economic fallout from rising tensions with Iran and higher oil prices and why the AI investment boom continues to reshape growth in the US and China.Trade war: What's behind the Trump administration's latest tariff announcements and why global trade has remained surprisingly resilient.Shooting war: After oil $100 a barrel again, what are the implications for inflation and central banks if tensions in the Middle East continue to escalate?AI boom: How AI investment is now the major driver of growth in both the US and China, and what happens if the boom turns to bust? Related contentFed preview: Rate hikes coming, but not until Septemberhttps://www.capitaleconomics.com/publications/us-fed-watch/rate-hikes-coming-not-until-septemberBank of England preview: BoE to hold rates as energy prices keep rate hikes in playhttps://www.capitaleconomics.com/publications/boe-watch/boe-watch-boe-hold-rates-energy-prices-keep-rate-hikes-playWhat is the future of US tariffs?https://www.capitaleconomics.com/publications/global-economics-update/what-future-us-tariffs

MacroVoices Erik Townsend & Patrick Ceresna welcome, Luke Gromen. They discuss how the Strait of Hormuz remained closed for months, why crude oil prices did not respond as expected, and what may happen as the conflict re-escalates. They also cover precious metals, inflation, monetary policy, and other major macroeconomic developments. https://bit.ly/45gBPnZ    

Grab a cup of tea, stay hydrated, and join host Tawnie Wolf on this rainy Wednesday edition of The Second Act Executive! On today's show, Tawnie blends mindset, real world tech vision, high level macroeconomic analysis, and hands on podcast studio instruction into an actionable episode for leaders navigating their second act.In this episode, we cover:Mindset & Grounded Living: Why real credentials, true education, and intentional living always win over internet trends and surface level “aesthetic” coaching, featuring insights from Jay Shetty's Think Like a Monk and Radhi Devlukia Shetty's clinical approach to wellness.Finding Your Voice & Tech Visionaries: An inspiring look at Tawnie's son's book, Asher, the Chief Ranger, detailing his journey through speech therapy and his vision to leverage technology, inspired by figures like Bill Gates, Satya Nadella, Sundar Pichai, and Mark Zuckerberg, to give every child a voice.Macroeconomics & Digital Safety: How social media impacts the U.S. dollar, the mechanics of digital attention risk, and why institutional leaders must prioritize real time data defense and platform integrity to protect our schools and communities.Podcast Workshop (Day 16 Focus): Essential studio setup strategies using Riverside.fm, showing you how to balance high fidelity local recording, audio gain staging, and professional visual framing to build an authoritative broadcast presence.How to Listen & Learn:Hit play to tune into the full audio breakdown! Whether you are listening along with our live Podcast Workshop cohort, a corporate executive transitioning into private practice, or a leader building your digital media platform, this episode provides the strategic framework you need to record and lead with authority.Ordering the Book:Listen to the episode to learn how you can place your preorder for Asher, the Chief Ranger while our primary brand websites are undergoing updates.The Second Act Executive is available on Apple Podcasts, Spotify, iHeartRadio, and everywhere else major podcasts are streaming.

Is capital a uniform "pool" that can be reshaped into anything, or a delicate, time-structured web of complementary pieces? Paul Cwik traces the question from Menger and Böhm-Bawerk through the great debates with J.B. Clark and Frank Knight, and shows why the answer matters enormously. Because capital is heterogeneous, a fall in consumption need not mean recession—it can mean the economy is lengthening its structure of production to build future growth, a shift the mainstream, assuming capital is homogeneous, simply cannot see.Recorded at the Mises Institute in Auburn, Alabama, on July 21, 2026.Mises University is the world's leading instructional program in the Austrian School of economics, and is the essential training ground for economists who are looking beyond the mainstream.

In this hard hitting episode of the Executive Lunchtime Quickie, host Tawnie peels back the curtain on the “Attention Economy,” a system that is not only fracturing our culture but actively destabilizing our macroeconomic landscape.Tawnie, a mother, former corporate executive, and entrepreneur, breaks down how the 2017 collapse of foreign investment in U.S. entertainment forced a pivot toward the “outrage economy.” She explains how this shift turned many public figures into digital trolls and why our collective attention has become the ultimate currency in a global struggle for financial dominance.In this episode, we tackle:• The Macroeconomic Seesaw: How social media trends and viral narratives are being weaponized to either strengthen the U.S. dollar or accelerate de dollarization.• The High Cost of Fragmentation: A sobering look at the Uvalde tragedy. We analyze the timeline of Robb Elementary and discuss why siloed data was a fatal failure in preventing a preventable disaster.• The Case for Institutional Grade Defense: Why our schools need the data integration power of firms like Palantir to connect the dots on behavioral warning signs before tragedy strikes.• The Monetization of Grief: Why we must stop rewarding influencers who use tragedy to farm engagement and rage bait for profit.Tawnie issues a direct question to industry titans like BlackRock, Vanguard, State Street, and Fidelity: How are you accounting for “Attention Risk” in your long term outlooks for global stability?Whether you are an investor, an entrepreneur, or a parent concerned about the future of our digital infrastructure, this is the briefing you need to protect your legacy.Join us:Podcast Workshop: Join Tawnie later this month at 8:30 PM to learn how to build and command your own digital platform.Hot Topics & Cool Drinks: Next month marks our one year anniversary! Join our community of entrepreneurs and investors over 55 as we work to ensure the legacies we've built remain secure against the chaos of the digital age.Learn more about AI analytics and scrutinyThis video provides additional context on the global role and scrutiny of Palantir's AI analytics, which complements your discussion on its potential impact as a tool for security and data integration.Watch here:  https://www.youtube.com/watch?v=B9Ti3g7TF5A⁠

A better-than-expected June Consumer Price Index (CPI) report offered some welcome relief for investors concerned about persistent inflation pressures. But while the headline numbers came in below expectations, Liz Ann Sonders and Collin Martin explain why underlying inflation trends, including higher oil prices, rising costs tied to AI-related investment, and components that feed into the Fed's preferred inflation gauge, suggest the inflation story is far from over. They also discuss why macroeconomic factors such as inflation, monetary policy, and labor-market conditions remain essential inputs for portfolio decisions, even when investors are looking for more specific investment guidance. The conversation covers the Federal Reserve's outlook, what recent data means for bond investors, small-business sentiment and hiring plans, growing concerns about inflation among business owners, and the economic indicators they'll be watching in the weeks ahead. 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 Disclosures This material is intended for general informational and educational purposes only. This should not be considered an individualized recommendation or personalized investment advice. The securities, investment products and investment strategies mentioned are not 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. Fixed income securities are subject to increased loss of principal during periods of rising interest rates. Fixed income investments are subject to various other risks including changes in credit quality, market valuations, liquidity, prepayments, early redemption, corporate events, tax ramifications, and other factors. Lower rated securities are subject to greater credit risk, default risk, and liquidity risk. Diversification and asset allocation do not ensure a profit and do not protect against losses in declining markets. All names and market data shown are for illustrative purposes only and are not a recommendation, offer to sell, or a solicitation of an offer to buy any security. 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 Charles Schwab & Co., Inc., does not constitute and should not be interpreted as an endorsement of any political party. Indexes are unmanaged, do not incur management fees, costs, and expenses and cannot be invested in directly. For more information on indexes, please see schwab.com/indexdefinitions  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. (0726-F5V5) Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

The collapse of the US-Iran ceasefire has triggered another spike in oil prices and put markets back on edge. Neil Shearing joins David Wilder to discuss whether the world is heading for another oil shock and what it would mean for growth and inflation. He also explains how Kevin Warsh's warning that the Fed has "no tolerance for persistently elevated inflation" could translate into policy.Also on the show, Julian Evans-Pritchard unpacks China's disappointing Q2 GDP figures, including the role AI is playing in shoring up activity, explains why the People's Bank of China isn't more concerned about slowing credit growth and discusses what to expect on the stimulus front.Related contentThe implications of a renewed closure of the Straithttps://www.capitaleconomics.com/publications/global-economics-update/implications-renewed-closure-straitGlobal Economic Outlook: US strength points to renewed policy divergencehttps://www.capitaleconomics.com/publications/global-economic-outlook/us-strength-points-renewed-policy-divergence-0UK Drop-In: The Burnham government – will policy ambition collide with economic reality?https://www.capitaleconomics.com/events/uk-drop-burnham-government-will-policy-ambition-collide-economic-realityWhy Burnham will struggle to revive UK growthhttps://www.capitaleconomics.com/publications/uk-economics-focus/why-burnham-will-struggle-revive-uk-growth

MacroVoices Erik Townsend & Patrick Ceresna welcome, Dr. Anas Alhajji. They'll discuss Anas's review on how we got into this conflict and why he still believes that it was the goal of the United States to close Hormuz. https://bit.ly/4wKIgvh    

Outline00:00 - Intro02:25 - Bachelier and the Théorie de la Spéculation03:05 - Stochastic processes, Brownian motion, and the heat equation09:45 - Poincaré's verdict, obscurity, and rediscovery13:50 - Robert C. Merton: from hot rods to MIT19:25 - Dynamic programming and Itô calculus24:35 - Merton's portfolio problem as stochastic optimal control31:10 - Options, dynamic hedging, and the Black–Scholes–Merton equation39:50 - LTCM: the dream team46:30 - August 1998: the crash49:00 - Fat tails and the ten-sigma defense51:40 - The ghosts of 2008 and echoes in the AI boom54:00 - Robustness embraced at last: Hansen and Sargent57:45 - OutroLinksBachelier's thesis, "Théorie de la Spéculation" (1900): https://www.numdam.org/item/10.24033/asens.476.pdfCourtault et al., "Louis Bachelier on the Centenary of Théorie de la Spéculation": https://doi.org/10.1111/1467-9965.00098Merton's Nobel autobiography: https://www.nobelprize.org/prizes/economic-sciences/1997/merton/biographical/Merton's MIT "Infinite History" interview: https://infinite.mit.edu/video/robert-c-merton-phd-%E2%80%9970/Mandelbrot, "The Variation of Certain Speculative Prices": https://doi.org/10.1086/294632Merton, "Optimum Consumption and Portfolio Rules in a Continuous-Time Model": https://doi.org/10.1016/0022-0531(71)90038-XMoehle & Boyd, "A Certainty Equivalent Merton Problem": https://doi.org/10.1109/LCSYS.2021.3111534Brigo & Mercurio, "Interest Rate Models: Theory and Practice": https://doi.org/10.1007/978-3-540-34604-3Armstrong, Brigo & Hanzon, "Optimal Projection Filters with Information Geometry": https://doi.org/10.1007/s41884-023-00108-xHu & Zhou, "Constrained Stochastic LQ Control with Random Coefficients, and Application to Portfolio Selection": https://doi.org/10.1137/S0363012904441969Black & Scholes, "The Pricing of Options and Corporate Liabilities": https://doi.org/10.1086/260062Merton, "Theory of Rational Option Pricing": https://doi.org/10.2307/3003143Merton, "Option Pricing When Underlying Stock Returns Are Discontinuous": https://doi.org/10.1016/0304-405X(76)90022-2Scholes' Nobel lecture: https://www.nobelprize.org/prizes/economic-sciences/1997/scholes/lecture/Merton's Nobel lecture: https://www.nobelprize.org/prizes/economic-sciences/1997/merton/lecture/Markowitz, "Portfolio Selection": https://doi.org/10.2307/2975974Michael Lewis, "Liar's Poker": https://en.wikipedia.org/wiki/Liar%27s_PokerEdwards, "Hedge Funds and the Collapse of Long-Term Capital Management": https://doi.org/10.1257/jep.13.2.189Lowenstein, "When Genius Failed": https://en.wikipedia.org/wiki/When_Genius_FailedTaleb, "Statistical Consequences of Fat Tails": https://arxiv.org/abs/2001.10488Taleb & West, "Working with Convex Responses: Antifragility from Finance to Oncology": https://doi.org/10.3390/e25020343Taleb, "The Black Swan": https://en.wikipedia.org/wiki/The_Black_Swan:_The_Impact_of_the_Highly_ImprobableTaleb, "Fooled by Randomness": https://en.wikipedia.org/wiki/Fooled_by_RandomnessMan Group, "The AI Bubble: Hidden Risks and Opportunities": https://www.man.com/insights/the-ai-bubbleSen. Warren's remarks at the Vanderbilt Policy Accelerator: https://www.banking.senate.gov/newsroom/minority/warren-remarks-at-vanderbilt-policy-accelerator-event-highlighting-economic-and-financial-risks-of-potential-ai-crashMeng & Chen, "Artificial Intelligence and Systemic Risk": https://arxiv.org/abs/2604.03272Doyle, "Guaranteed Margins for LQG Regulators": https://doi.org/10.1109/TAC.1978.1101791Safonov & Athans, "Gain and Phase Margin for Multiloop LQG Regulators": https://doi.org/10.1109/TAC.1977.1101470Hansen & Sargent, "Robust Control and Model Uncertainty": https://doi.org/10.1257/aer.91.2.60Hansen & Sargent, "Wanting Robustness in Macroeconomics": http://www.tomsargent.com/research/wanting.pdfSupport the showPodcast infoPodcast website: https://www.incontrolpodcast.com/Apple Podcasts: https://tinyurl.com/5n84j85jSpotify: https://tinyurl.com/4rwztj3cRSS: https://tinyurl.com/yc2fcv4yYoutube: https://tinyurl.com/bdbvhsj6Facebook: https://tinyurl.com/3z24yr43Twitter: https://twitter.com/IncontrolPInstagram: https://tinyurl.com/35cu4kr4Acknowledgments and sponsorsThis episode was supported by the National Centre of Competence in Research on «Dependable, ubiquitous automation» and the IFAC Activity fund. The podcast benefits from the help of an incredibly talented and passionate team. Special thanks to L. Seward, E. Cahard, F. Banis, F. Dörfler, J. Lygeros, ETH studio and mirrorlake . Music was composed by A New Element.

Recording date: 11th July 2026Olive Resource Capital delivered an approximate 15% return in the first half of 2026, outperforming many peers in a more moderate market environment compared to the strong gains of 2025. Returns were further supported by three portfolio company acquisitions, two of which closed the period, highlighting the role of opportunistic corporate activity in performance. The firm emphasized that such events are beneficial but not a reliable foundation for long-term strategy.The commodity landscape in H1 2026 was marked by a clear rotation. Lithium and oil emerged as the strongest performers, with oil remaining resilient despite price volatility and lithium rebounding after years of underinvestment. In contrast, gold, silver, and platinum group metals lagged after leading the previous year, undergoing what management described as a necessary consolidation phase.Despite weak underlying commodity prices, Olive's strongest gains came from precious metals equities. This divergence reflects the firm's focus on company-specific catalysts—such as mergers and acquisitions, resource updates, and technical studies—rather than direct exposure to commodity price movements. Holdings like K92 Mining exemplify this strategy, with growth-driven revaluation potential independent of gold price trends.Macroeconomic conditions remained broadly supportive, with strong global manufacturing activity and continued monetary stimulus, although reduced liquidity support from China is being monitored. Geopolitical tensions, including those involving Iran, influenced energy markets but were viewed as temporary disruptions with longer-term implications for supply chains and energy demand.Heading into the second half of 2026, the firm is cautiously deploying elevated cash reserves into energy and uranium, driven by themes such as AI-related power demand, electrification, and favorable seasonal trends. It continues to avoid West African development projects due to rising jurisdictional risks, instead favoring opportunities in North and South America where regulatory conditions are more stable and investment visibility is stronger.Sign up for Crux Investor: https://cruxinvestor.com

In this episode, Liz Ann Sonders and Collin Martin discuss what may be one of the most important long-term shifts facing investors: the end of the "Great Moderation" Era, the roughly 25-year period characterized by globalization, low inflation, relatively stable economic growth, and favorable conditions for both stocks and bonds. Liz Ann argues that investors may be entering a more "Temperamental" Era marked by greater inflation volatility, shifting supply chains, geopolitical disruptions, and a different relationship between bond yields and stock prices.  The conversation explores how globalization, abundant labor, cheap goods, and plentiful energy helped suppress inflation for decades—and why those forces may be fading. Collin then examines the bond market, highlighting why Treasury yields remain elevated even as oil prices have retreated from recent highs. Inflation pressures beyond energy, resilient economic growth, and expectations for Federal Reserve policy are helping keep yields high. Finally, Collin and Liz Ann preview earnings season and next week's economic calendar.  Visit Schwab.com to read the article by Liz Ann Sonders and Kevin Gordon titled "Great Moderation Era: Drift(ing) Away." 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 Disclosures This material is intended for general informational and educational purposes only. This should not be considered an individualized recommendation or personalized investment advice. The securities, investment products and investment strategies mentioned are not 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. Fixed income securities are subject to increased loss of principal during periods of rising interest rates. Fixed income investments are subject to various other risks including changes in credit quality, market valuations, liquidity, prepayments, early redemption, corporate events, tax ramifications, and other factors. Lower rated securities are subject to greater credit risk, default risk, and liquidity risk. Diversification and asset allocation do not ensure a profit and do not protect against losses in declining markets. All names and market data shown are for illustrative purposes only and are not a recommendation, offer to sell, or a solicitation of an offer to buy any security. 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 Charles Schwab & Co., Inc., does not constitute and should not be interpreted as an endorsement of any political party. Indexes are unmanaged, do not incur management fees, costs, and expenses and cannot be invested in directly. For more information on indexes, please see schwab.com/indexdefinitions  A hyperscaler is a large-scale cloud service provider that offers vast computing, storage, and networking resources through a distributed infrastructure of interconnected servers and software. (0726-B8XL) Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

It's far too soon to be worrying about another spike in inflation from renewed fighting in the Middle East. That's one of the key messages from Capital Economics' Global Chief Economist Jennifer McKeown, who joins David Wilder on The Weekly Briefing with Neil Shearing away this week.Jenny explains what could drive the Fed to raise interest rates as early as September, whether economies on both sides of the Atlantic can continue to hold up and where we think the consensus is wrong on the outlook for interest rates.Also on the show, in an exclusive excerpt from a recent online client briefing on AI, Chief Economic Adviser Vicky Redwood explains where the technology's impact is already showing up in the data, and what happens to the global economy if AI's promised productivity gains never materialise.Related contentCapital Economics Key Issues: AIDrop-In: AI's global shockwaves – Macro and market implications

MacroVoices Erik Townsend & Patrick Ceresna welcome, Adam Parker. They discuss the U.S equity market. https://bit.ly/4aK7d1u        

In this episode of WealthVest: The Weekly Bull&Bear, Drew and Tim interviewed Manoj Pradhan, Founder of Talking Heads Macroeconomics and author. They discuss demographics, Baumol's cost disease, fiscal dominance, and the bind the Fed is in amid high debt and secular inflation. WealthVest is a leading wholesaler of fixed, fixed-indexed, and registered index-linked annuities to financial professionals. We're a partner to thousands of advisors by providing annuity planning technology, retirement income planning, practice management, market and industry trends, and annuity case management. Our team of dedicated wholesalers and annuity case managers helps advisors provide the best annuity outcomes.Hosts: Drew Dokken, Tim PierottiAlbum Artwork: Matt LueckShow Editing and Production: Matt LueckDisclosure: The information covered and posted represents the views and opinions of the hosts and does not necessarily represent the views or opinions of WealthVest. The mere appearance of Content on the Site does not constitute an endorsement by WealthVest. The Content has been made available for informational and educational purposes only. WealthVest does not make any representation or warranties with respect to the accuracy, applicability, fitness, or completeness of the Content.WealthVest does not warrant the performance, effectiveness or applicability of any sites listed or linked to in any Content. The content is not intended to be a substitute for professional investing advice. Always seek the advice of your financial advisor or other qualified financial service provider with any questions you may have regarding your investment planning. Investment and investing involves risk, including possible loss of principal. Hosted on Acast. See acast.com/privacy for more information.

For the past three years, our Markets team has been more optimistic than most about the AI-driven rally in global equities. That view has been borne out by events. Now they believe the rally has entered its final phase and that a sharp downturn will follow.  On this week's The Weekly Briefing, Chief Markets Economist Jonas Goltermann explains why we think the correction is coming in 2027, what to expect before the plunge and whether the Fed will play a role in the rally's demise. Also on the show, Climate and Commodities Economist Hamad Hussain discusses why our long-standing forecast that gold prices would retreat from their record highs is playing out, and why prices have further to fall from here.Related content:Drop-In: AI's global shockwaves – Macro and market implicationsAsset Allocation Outlook: The AI equity boom reaching its final inningshttps://www.capitaleconomics.com/publications/asset-allocation-outlook/ai-equity-boom-reaching-its-final-inningsCommodities Outlook: Beyond Hormuz – the path back to an oil gluthttps://www.capitaleconomics.com/publications/commodities-outlook/beyond-hormuz-path-back-oil-glut

MacroVoices Erik Townsend & Patrick Ceresna welcome, Rory Johnston. They discuss the Hormuz crisis, China's role in tempering global oil demand, and the outlook for what comes next as negotiations evolve in the middle east. https://bit.ly/4eIFMaO    

In our podcast episode, Mike Reed, Head of Global Financial Institutions, is joined by Mike Bell, RBC BlueBay's recently appointed Head of Market Strategy, where they discuss the evolving macroeconomic landscape. In a period when oil prices surged past $100, supply chain disruptions have mounted, and geopolitical tensions are reshaping global economics, there's much to discuss. In this episode, they answer the questions investors are asking: what does deglobalisation mean for portfolio construction, how concentrated is too concentrated in mega-cap tech, and where can market participants find genuine diversification when traditional safe havens may not perform as expected.

How are institutional investors navigating today's housing market? In this episode of The Investment Conversation, Eric Phillipps (Head of Private Real Estate Investments at Lord Abbett) breaks down the long-term fundamentals, macroeconomic data, and technology driving modern real estate allocations.

In this Sunday special edition of The KE Report, I sat down with Marc Chandler, Chief Market Strategist at Bannockburn Capital Markets and Editor of the Marc to Market website, to unpack a whirlwind week for global macroeconomics, geopolitics effects on the oil sector, central bank policy and how that factors into interest rates and currencies, and international markets.   Key Discussion Points: Strait of Hormuz Geopolitics and The Oil Price Response: We discuss the significant drop in crude oil prices over the last couple of weeks as a market response to the MOU signed between the US and Iran, but counterbalance the conversation with the renewed tensions to end the week and heading into the weekend. Inflation Expectations and Fed Policy: Two weeks after Fed Chair Warsh's debut meeting, the market is pricing in a hawkish trajectory for the end of the year, which is affecting the short-end of the yield curve, while the longer-dated treasury yields are flattening. Mark weighs in on the key takeaways in the trends. The Surging US Dollar Index: Why the dollar is breaking out of its year-long range, achieving new highs against the Japanese Yen and Canadian Dollar, and defying widespread expectations of a decline. MAG-7 Leadership Rolls Over: We've seen many of the megacap tech stocks rolling over the last couple of weeks, and dissect whether this is healthy rotation into other sectors, or a more worrisome sign. SpaceX IPO Fallout For The Space Stocks:  We review the potential frothy market sentiment read of high profile IPOs like SpaceX and Anthropic, and what this means for the space sector valuations dropping most of this year. Mark points out that the increased issuance of shares overall in the market data means that the same money is chasing even more paper, and causing selling in some sectors to rotate into the new trending stories. International Market Movers:  We discuss interest rates, currencies, and stock markets abroad from Europe to Asia, and the trends and moves by specific countries that have Marc's attention.   Click here to visit Marc's site – Marc To Market – https://www.marctomarket.com/   For more market commentary & interview summaries, subscribe to our Substacks:   The KE Report: https://kereport.substack.com/ Shad's resource market commentary: https://excelsiorprosperity.substack.com/     Investment disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security. Investing in equities and commodities involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.  

In this episode, Liz Ann Sonders sits down with Keith McCullough, founder of Hedgeye, to revisit his “quads” framework—a model that categorizes market environments based on the direction of economic growth and inflation. McCullough emphasizes process over prediction, arguing that investors should focus on the momentum of these variables to adapt to rapidly shifting market conditions. The conversation explores a volatile macro backdrop marked by geopolitical shocks, leadership changes at the Fed, and evolving market structure. McCullough explains how increased instability has accelerated market cycles, requiring a more nimble, data-driven approach. He outlines his view that inflation likely peaked and is set to decelerate, setting up a shift toward disinflation, and potentially slower growth, over the coming quarters. They also discuss implications for asset allocation, including declining bond yields globally, a rotation away from mega-cap dominance, and opportunities in under-owned, rate-sensitive sectors like housing and real estate. McCullough highlights growing risks tied to market concentration, new equity supply (including major IPOs), and speculative activity, while stressing the importance of disciplined, rules-based investing. The episode concludes with a discussion of investor behavior, with McCullough urging listeners to detach from narratives and emotions, and instead rely on process, data, and adaptability in an increasingly fast-moving market environment. Finally, Collin and Liz Ann look ahead to next week's upcoming macroeconomic indicators and key data releases.  To keep up with Keith McCullough, you can follow him on X: @KeithMcCullough 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 Disclosures The comments, views, and opinions expressed in the presentation are those of the speakers and do not necessarily represent the views of Charles Schwab. Investors in ETFs should consider carefully information contained in the prospectus, or if available, the summary prospectus, including investment objectives, risks, charges, and expenses. You can request a prospectus via 1-800-435-4000.  Please read the prospectus carefully before investing. This material is intended for general informational and educational purposes only. This should not be considered an individualized recommendation or personalized investment advice. The securities, investment products and investment strategies mentioned are not 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. Fixed income securities are subject to increased loss of principal during periods of rising interest rates. Fixed income investments are subject to various other risks including changes in credit quality, market valuations, liquidity, prepayments, early redemption, corporate events, tax ramifications, and other factors. Lower rated securities are subject to greater credit risk, default risk, and liquidity risk. Diversification and asset allocation strategies do not ensure a profit and do not protect against losses in declining markets. Currencies are speculative, very volatile and not suitable for all investors. Investing in cryptocurrencies involves risk, including the risk of total loss of principal invested. Cryptocurrencies such as bitcoin and ethereum are highly volatile, are not backed or guaranteed by the bank, any central bank or government; are not deposits; are not FDIC insured; are not SIPC protected; and lack many of the regulations and consumer protections that legal-tender currencies and regulated securities have.  Due to the high level of risk, investors should view digital currencies as a purely speculative instrument.  All names and market data shown are for illustrative purposes only and are not a recommendation, offer to sell, or a solicitation of an offer to buy any security. Forecasts contained herein are for illustrative purposes only, may be based upon proprietary research and are developed through analysis of historical public data. Schwab does not recommend the use of technical analysis as a sole means of investment research. Options carry a high level of risk and are not suitable for all investors. Certain requirements must be met to trade options through Schwab. Please read the Options Disclosure Document titled "Characteristics and Risks of Standardized Options" before considering any option transaction.  The policy analysis provided by Charles Schwab & Co., Inc., does not constitute and should not be interpreted as an endorsement of any political party. Indexes are unmanaged, do not incur management fees, costs, and expenses and cannot be invested in directly. For more information on indexes, please see schwab.com/indexdefinitions  The book Diary of a Hedge Fund Manager is not affiliated with, sponsored by, or endorsed by Charles Schwab & Co., Inc. (CS&Co.). Schwab has not reviewed the book and makes no representations about its content. The PHLX Semiconductor Sector Index (SOX) is a capitalization-weighted index composed of 30 semiconductor companies. (0626-2U7S) Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Our flagship Global Economic Outlook is just around the corner, and in this latest episode of The Weekly Briefing, Group Chief Economist Neil Shearing previews our view of a world in which some economies are benefiting from the AI investment boom while others are falling behind. He also discusses what to expect from next week's US employment report and why markets are underestimating just how hawkish the Fed may need to remain to bring inflation back to target.Also on the show, with Andy Burnham's 'coronation' as the UK's next prime minister looking increasingly likely, what do we know about the new government's plans? Paul Dales and Ruth Gregory from our UK team discuss the fiscal constraints that will limit a Burnham government's spending ambitions, while explaining why falling inflation could allow the Bank of England to deliver much more monetary easing than markets currently expect.Related contentUK Economic Outlook: Fall in inflation to 2.0% in 2027 to trigger rate cutshttps://www.capitaleconomics.com/publications/uk-economic-outlook/fall-inflation-20-2027-trigger-rate-cutsCapital Economics Eventshttps://www.capitaleconomics.com/events

MacroVoices Erik Townsend & Patrick Ceresna welcome, Lyn Alden. They discuss the Hormuz crisis, Fed policy under new leadership, budget deficits, the AI trade, and AI's mounting demands on energy markets. https://bit.ly/4oJoM7q    

In this episode of Investments Unplugged, with the halfway point of the year fast approaching, host Kevin Headland is joined by two guests—Global Chief Economist Alex Grassino and Senior Macro Strategist Dominique Lapointe—who share their midyear 2026 global macroeconomic outlook. Alex and Dominique recap the action-packed first half of the year, highlighted by the unforeseen Middle East conflict that erupted in late February, and then lay out a “macro-to- markets” roadmap of sorts for the rest of 2026 and into 2027. Among the timely, top-of- mind topics they address are: • Global growth resilience, despite Middle East conflict-driven energy shocks; • Evolving global inflation risks, including mounting AI-related demand pressures; • Policy implications for the U.S. Federal Reserve (Fed) and other major central banks; • Portfolio positioning considerations across global equity and fixed-income markets. Key topics & insights 1. First-half surprises: geopolitical turmoil, corporate earnings, and AI leadership • The Middle East conflict has lasted longer than most observers expected, creating a sliding scale of potential outcomes that investors have had to price in. • Corporate earnings expectations and results rebounded quickly after some softness seen in late 2025, helping to support U.S. and global markets. • U.S. equities linked to AI have continued to outperform, with market leadership reconcentrating around AI-/hardware-related themes. 2. Macro backdrop: resilient U.S. and global economies, uneven regional impacts • Despite the Middle East conflict and resulting oil-price shock, the U.S. economy appeared to navigate the first half with “relative ease” and notable resilience. • Other regions' economies are being impacted in different ways by the conflict, depending on such factors as whether they are energy exporters or importers. 3. Canada: a low-growth environment, “recession-like” conditions open to debate Information à usage interne - Internal • The guests argue that an economic recession tends to be broad-based with widespread corporate layoffs—conditions they're not seeing in Canada right now. • However, the economy is indeed weak, characterized by slow growth, amid structural issues (e.g., productivity), tariff after-effects, and cautious consumers. • But a fragile economy doesn't necessarily mean a lack of investable opportunities, since the Canadian stock market isn't perfectly linked to domestic growth. 4. Inflation: “rolling shocks” and new AI-driven inflation concerns • Inflation can manifest as a series of rolling transitory shocks, potentially driven by several forces (e.g., higher energy prices, trade tariffs, AI demand pressures). • AI's inflationary channel can take the form of various equipment-driven supply shortages that can push the prices of goods up over multiple quarters. • A specific risk scenario discussed: If the Strait of Hormuz remained closed until the end of July, could the price of oil breach $110/barrel in the third quarter? 5. Central banks: a higher degree of uncertainty and narrower policy paths • Fed policy in the coming months may face symmetric risks from either rate hikes or cuts, with market expectations already having been whipsawed in recent years. • The Bank of Canada has a different dilemma on its hands: balancing rising inflation concerns against a softening domestic economy and labor market. 6. Equity positioning: try to stay invested while avoiding headline-driven reactions 7. Fixed-income positioning: keep it in the portfolio toolkit, manage duration carefully Actionable takeaways for Canadian investors • Don't let macro and geopolitical headlines drive portfolio strategy decisions. • Remain well diversified across asset classes, investment styles, and global markets. • In the equity space, aim to distinguish between potential AI “winners” and “losers.” • Use fixed-income allocations intentionally for portfolio ballast and diversification. • Be cautious with long-duration bonds, consider favoring shorter durations. • Canadian investors: Be alert to possible opportunities, even in a sluggish economy. Links & Resources • Listen to the episode: Investments Unplugged Podcast • Learn more about Manulife Investments: Manulife IM Canada Information à usage interne - Internal Share & Subscribe If you enjoyed this episode, please share it with your network and subscribe for future insights on markets, investing, and portfolio strategy. For informational purposes only. This episode does not constitute investment advice. Please consult a qualified advisor before making investment decisions

Check out BeerBiceps SkillHouse Courses Here - https://linktr.ee/bbskillhouseFor all BeerBiceps vlog content Watch Life Of BeerBiceps - https://www.youtube.com/@LifeOfBeerBicepsCheck out my Mind Performance app: Level SuperMindLink:- https://app.level.game/?c=zSbmYnShare your guest suggestions hereMail - connect@beerbiceps.comLink - https://forms.gle/aoMHY9EE3Cg3Tqdx9Join the Level Community Here:https://linktr.ee/levelsupermindcommunityFollow BeerBiceps SkillHouse's Social Media Handles:YouTube: https://www.youtube.com/@BeerBicepsSkillHouseInstagram: https://www.instagram.com/beerbiceps_skillhouseWebsite : https://beerbicepsskillhouse.inFor any other queries EMAIL: support@beerbicepsskillhouse.comIn case of any payment-related issues, kindly write to support@tagmango.comIn this special episode of The Ranveer Show, we are joined by Prof Arun Kumar (PhD in Economics), who shares deep insights on the impending global economic crisis, the impact of Super El Niño, AI's threat to mental labor, and the hidden realities of the Indian unorganized sector. This episode takes you into the complexities of global geopolitics, the fertilizer shortage, and the strategic roadmap India needs to navigate the next decade.In this conversation with Prof Arun Kumar, we talk about the Four Major Crises facing India, the displacement of jobs by Artificial Intelligence, the importance of a bottom-up economic approach, and the rising trade deficit with China. We also understand the impact of the West Asia crisis on global oil prices, the reality behind "Stagflation," and how India can achieve true strategic autonomy by investing in R&D and supporting the micro-sector through cooperatives.This episode also covers the Super El Niño's effect on agriculture, the decimation of MSMEs, the new Cold War between the US and the China-Russia-Iran block, the role of black money in hurting productivity, and the future of energy through coal gasification and solar power.This podcast is a valuable resource for anyone interested in Macroeconomics, Geopolitics, AI and Job Security, Indian Agriculture, Global Trade, and the future of the Indian Economy.(00:00) – Start of the episode(01:50) – 4 Major Crises Coming Soon(02:42) – The Super El Niño Threat(04:53) – Real Impact on Indian GDP(06:24) – China's Secret Growth Model(08:32) – The Threat to 11 Crore Jobs(10:43) – Fertilizer & Global Oil Shortage(12:37) – AI: The End of Mental Labor?(15:14) – Will Humans Become Obsolete?(17:39) – Indian Tech vs US Tech(19:22) – The New Global Cold War(22:26) – Why India Fails at R&D(25:54) – Our Dangerous Dependency on China(30:51) – The Reality of Unemployment(34:01) – Black Money & Productivity Loss(38:58) – Harsh Truth of Indian Policy(41:26) – Why You Should Stop Buying Gold(46:45) – Explaining Stagflation & Recession(53:04) – US, Iran, & The Global Oil War(1:00:14) – China's Master 30-Year Plan(1:03:08) – End of the episode#geopolitics #india

Bob sits down with Harvard Economics Professor Pol Antràs to discuss his new paper applying Böhm-Bawerk's average period of production to international trade, testing whether countries with lower interest rates tend to export goods requiring longer, more roundabout production processes.Related:Professor Antràs' Paper, "An ‘Austrian' Model of International Specialization": Mises.org/HAP554aBob's Article, "The Reswitching Question": Mises.org/HAP554b

At his first Fed meeting as chair, Kevin Warsh signaled a more hawkish stance focused squarely on inflation, while launching a sweeping reform agenda.  Policymakers are split between holding and potentially hiking, with strong emphasis on restoring price stability. Warsh introduced a significant shift in Fed governance and communication: shorter statements, less forward guidance, and five task forces aimed at rethinking policy frameworks. Liz Ann Sonders and Collin Martin explore the implications of that shift, particularly the risk that reduced transparency could lead to greater market volatility as investors react more sharply to incoming data. They also assess market dynamics: Rising short-term yields pressured equities, while longer-term yields may remain range-bound if inflation expectations stabilize.  Finally, they offer practical portfolio takeaways—emphasizing diversification within equities, a focus on quality and earnings strength, and a disciplined approach to asset allocation in a higher-rate, more-uncertain policy regime. 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 Disclosures This material is intended for general informational and educational purposes only. This should not be considered an individualized recommendation or personalized investment advice. The securities, investment products and investment strategies mentioned are not 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. Fixed income securities are subject to increased loss of principal during periods of rising interest rates. Fixed income investments are subject to various other risks including changes in credit quality, market valuations, liquidity, prepayments, early redemption, corporate events, tax ramifications, and other factors. Lower rated securities are subject to greater credit risk, default risk, and liquidity risk. Diversification and asset allocation do not ensure a profit and do not protect against losses in declining markets. All names and market data shown are for illustrative purposes only and are not a recommendation, offer to sell, or a solicitation of an offer to buy any security. 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 Charles Schwab & Co., Inc., does not constitute and should not be interpreted as an endorsement of any political party. Indexes are unmanaged, do not incur management fees, costs, and expenses and cannot be invested in directly. For more information on indexes, please see schwab.com/indexdefinitions   Inverse correlation refers to investments that tend to move in opposite directions: when one rises, the other falls. A hyperscaler is a large-scale cloud service provider that offers vast computing, storage, and networking resources through a distributed infrastructure of interconnected servers and software.   (0626-05FT) Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Bob sits down with Harvard Economics Professor Pol Antràs to discuss his new paper applying Böhm-Bawerk's average period of production to international trade, testing whether countries with lower interest rates tend to export goods requiring longer, more roundabout production processes.Related:Professor Antràs' Paper, "An ‘Austrian' Model of International Specialization": Mises.org/HAP554aBob's Article, "The Reswitching Question": Mises.org/HAP554b

A peace deal that's already showing signs of strain. Central bankers still wrestling with inflation. A new Fed chair seeking reform. And a UK local election with implications for the bond market.It's been a busy week for macro and markets, and Group Chief Economist Neil Shearing joins David Wilder to make sense of it all. Neil explains what the increasingly fragile US-Iran peace deal means for global oil supplies and the outlook for inflation and interest rates.  In his discussion, Neil reviews Kevin Warsh's first meeting as Fed chair, considers the outlook for US interest rates, examines mounting trade tensions between Europe and China, and explains why the UK's next prime minister may find fiscal promises difficult to keep. 

MacroVoices Erik Townsend & Patrick Ceresna welcome, Brent Johnson. They'll discuss the Iran deal, Brent's outlook for the U.S. dollar, and much more. https://bit.ly/4xRl8ga      

Is the US economy increasingly dependent on high-income consumers? In this episode of “Credit Currents,” Mark Zandi, Chief Economist at Moody's Analytics, and Atsi Sheth, Chief Credit Officer at Moody's Ratings, examine the reality of the K-shaped economy. They explore how the top 20% of earners now drive roughly 60% of spending, while lower-income households face mounting pressure from rising costs of essentials like food, fuel and housing. From premium airline demand to tightening credit conditions and weakening real income growth, this episode highlights why economic growth may appear stable, but is becoming increasingly fragile and concentrated.   Host: Patrick Ronk, Vice President, Moody's Ratings Guests: Mark Zandi, Chief Economist, Moody's Analytics Atsi Sheth, Chief Credit Officer, Moody's Ratings   Related Research:  Global Macro Outlook (May 2026 Update) - Global energy market stress weighs on growth prospects The State of the Consumer (March 2026) – US - Higher energy prices and a narrowing consumption base pose risks to spending The State of the Consumer (May 2026) – Europe - Middle East conflict will weaken consumer confidence and nascent economic recovery Geopolitical Risk – Global - Prolonged Strait of Hormuz disruption through autumn broadens credit stress © 2026 Moody's Corporation and/or its licensors and affiliates. All rights reserved. Go to www.moodys.com/pages/globaldisclaimer.aspx for complete legal terms and conditions governing use of Moody's information made available in this video. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Mat Kirschner, lead portfolio manager for the Cohen & Steers Quality Income Realty Fund (RQI), an actively managed real estate closed-end fund, shares views on the entry point for commercial real estate investors. He also highlights three potential opportunities, backed by powerful macroeconomic themes and limited supply dynamics.

MacroVoices Erik Townsend & Patrick Ceresna welcome, Larry McDonald. They discuss what's driven this sell-off, whether the Iran conflict had anything to do with it, and where the opportunities lie in today's markets. https://bit.ly/4ebDAHe    

MacroVoices Erik Townsend & Patrick Ceresna welcome, Michael Every & Rory Johnston. They discuss all things Iran from geopolitics to inflation outlook to what it means for China to President Trump and Secretary Bessent's stablecoin statecraft ambitions. https://bit.ly/3RQ4ixB    

Markets may be entering a fundamentally different era. In this episode, Liz Ann Sonders and Collin Martin explore why long-term bond yields remain elevated, how rising uncertainty is driving a higher term premium, and what a potential shift away from the “Great Moderation” could mean for investors. They discuss how inflation volatility, reduced likelihood of Fed asset purchases, and geopolitical tensions are reshaping expectations for interest rates and economic stability. The conversation also examines changing correlations between stocks and bonds, and whether equities are underpricing risks. Then, Liz Ann is joined by RSM Chief Economist Joe Brusuelas. Joe reinforces the idea of a structural shift, describing a “split-screen” economy marked by inequality, policy shocks, and an AI-driven transformation. He expects trend-level growth but sustained inflation pressures, with risks tied to energy supply disruptions and potential knock-on effects to equities via the wealth effect. The conversation highlights a disconnect between resilient equity markets and more cautious signals from bond markets, suggesting investors brace for higher-for-longer rates, ongoing volatility, and a more complex economic cycle. Finally, Collin and Liz Ann look ahead to next week's upcoming macroeconomic indicators and key data releases.  To keep up with Joe Brusuelas, you can follow him on X: @joebrusuelas 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 Disclosures This material is intended for general informational and educational purposes only. This should not be considered an individualized recommendation or personalized investment advice. The securities, investment products and investment strategies mentioned are not 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. Fixed income securities are subject to increased loss of principal during periods of rising interest rates. Fixed income investments are subject to various other risks including changes in credit quality, market valuations, liquidity, prepayments, early redemption, corporate events, tax ramifications, and other factors. Lower rated securities are subject to greater credit risk, default risk, and liquidity risk. Alternative investments are speculative and involve a high degree of risk. Investors may lose all or a substantial portion of their investment. Alternative investments cover a wide array of strategies, including real estate, private equity, private credit, and hedge funds. Risks will vary based on each unique strategy and can include investments in highly illiquid assets or securities, use of leverage, higher fees, lower transparency, tax risks, and limited ability to redeem or limited transferability. All names and market data shown are for illustrative purposes only and are not a recommendation, offer to sell, or a solicitation of an offer to buy any security. 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 Charles Schwab & Co., Inc., does not constitute and should not be interpreted as an endorsement of any political party. Indexes are unmanaged, do not incur management fees, costs, and expenses and cannot be invested in directly. For more information on indexes, please see schwab.com/indexdefinitions  The comments, views, and opinions expressed in the presentation are those of the speakers and do not necessarily represent the views of Charles Schwab. (0526-NRT9)   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, Dr. Pippa Malmgren & Jim Bianco.  They'll discuss whether AI and Robotics are going to take our jobs, Nuclear Fusion, Disappearing Scientists, and much more. https://bit.ly/4tXAlJr    

What happens when you apply deep operational experience to the massive, complex budget of the world's fifth-largest economy? In this episode, we sit down with California gubernatorial candidate, author, and political commentator Steve Hilton. We dive into the structural inflection points that shaped modern California, the true multi-generational fallout of controversial tax policies like the proposed "Billionaire Tax," and the leadership frameworks required to manage massive public budgets. Steve also pulls back the curtain on his gubernatorial campaign trail, sharing his biggest "ah-ha" moments and how he would structure a modern debate to cut through political theater. Whether you are interested in macroeconomic policy, corporate governance, or the future of the Golden State, this conversation offers a masterclass in strategic leadership and policy design. Key Discussion Points & Timeline Structural Inflection Points: The one historical decision that radically altered the trajectory of California's economy and infrastructure. The Macroeconomics of Leadership: Deconstructing the specific blend of financial acumen and deep operational experience required to run massive, multi-billion-dollar public budgets. Second-Degree Fallout of the "Billionaire Tax": A critical analysis of the downstream, unintended economic consequences of hyper-targeting high-net-worth individuals and capital allocators in California. Reimagining the Modern Debate: How Steve would moderate a high-stakes debate, his strategy for crafting questions, and how to force accountability on the public stage. Featured Guest Links Official Campaign Website: Steve Hilton for Governor Biography & Background: Steve Hilton on Wikipedia ⚖️ Compliance Disclaimer Disclaimer: The views expressed in this podcast are for informational purposes only. They do not constitute financial or legal advice, nor do they necessarily reflect the views of Finalis Inc. or Finalis Securities LLC, Member FINRA/SIPC.

Macroeconomic conditions are squeezing US airlines and travelers just in time for the summer travel season.  Higher fuel costs due to the conflict in the Middle East are pushing up ticket prices. The latest Consumer Price Index report showed fares rose by about 3% in April. Meanwhile, choices for cheap seats decreased when Spirit Airlines went out of business in May. The ultra low-cost carrier blamed soaring energy prices. What does this uptick in energy inflation mean for airlines' profits and travelers' wallets?   Nic Owens is an equity analyst for Morningstar and covers the North American airlines. April CPI Report Shows Inflation Broadening As Energy Spike Impact Spreads On this episode: 00:00:00 Welcome 00:01:21 Energy prices and airline profit outlooks 00:02:40 How this summer's travel demand stacks up  00:04:01 Which Big Four airlines are most and least vulnerable  00:05:44 Who will compete for Spirit's former customers 00:07:00 Tips for travelers   00:08:51 What Morningstar's analyst thinks about airline stocks Watch more from Morningstar: Bond ETF Flows Just Flipped. Here's What It Means for You How Big Tech's Bond Spree and Rising US Debt Are Creating Risks and Opportunities 10 Exceptional Stocks With Double-Digit Dividend Raises   Follow Morningstar on social: Facebook https://www.facebook.com/MorningstarInc/ X https://x.com/MorningstarInc Instagram https://www.instagram.com/morningstarinc/?hl=en LinkedIn https://www.linkedin.com/company/morningstar/posts/?feedView=all 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, Morgan Downey. They discuss the ongoing crisis, with Morgan warning that all buffers and safety margins have been exhausted, explaining why a Strait closure lasting another month could drive oil prices to $150–$200, and exploring several other critical dimensions of this rapidly evolving situation. https://bit.ly/3Pe3zpa    

Bob sits down with Dr. Jonathan Newman to discuss his Mises Academy course for homeschooling families based on Lessons for the Young Economist, using it as a starting point to walk through the full Austrian case against socialism.Related:The Mises Academy: Mises.org/HAP550aDr. Newman's Course, Lessons for the Young Economist: Mises.org/HAP550bBob's Lessons for the Young Economist: Mises.org/HAP550cBob's Lessons for the Young Economist Teacher's Manual: Mises.org/HAP550dDr. Newman's Article, "Star Trek Is Wrong: There Will Always Be Scarcity": Mises.org/HAP550eCelebrate Murray Rothbard's 100th birthday with a free copy of Anatomy of the State. Get yours at Mises.org/HAPodFree

MacroVoices Erik Townsend & Patrick Ceresna welcome, Mike Green. They discuss why the Hormuz crisis hasn't derailed the S&P 500's surge to new all-time highs, Mike's disagreement with secular-inflation forecasts, why Kevin Warsh could be more likely to cut rates aggressively than hike, and the unintended consequences of passive investing through index funds. https://bit.ly/3R6TDhH    

MacroVoices Erik Townsend & Patrick Ceresna welcome, Louis-Vincent Gave. They'll discuss, what's going on in the conflict and what it will mean for global markets in the coming months. https://bit.ly/42T7eeW    

Bob responds to a new working paper from the Geo-chartalism project, which claims to offer a complete theory of the price level by combining insights from Menger, Cantillon, and Warren Mosler. Bob argues that the paper overlooks a crucial prior contribution: Mises' regression theorem, developed in The Theory of Money and Credit, which already solved the circularity problem in monetary theory that the paper claims required Mosler to resolve. Along the way, Bob also explains chartalism, Georgism, and Mises's explanation of the absolute price level.Related:Bob's Paper Critiquing Kevin Carson's Studies in Mutualist Political Economy: Mises.org/HAP548aGeorge Charles, “The Mosler-Cantillon-Menger Synthesis”: Mises.org/HAP548bMMT vs. Austrian School Debate: Mises.org/HAP548cThe Mises Institute is giving away 100,000 copies of Hayek for the 21st Century. Get your free copy at Mises.org/HAPodFree

MacroVoices Erik Townsend & Patrick Ceresna welcome, Daniel Lacalle.  They'll discuss secular inflation, precious metals, the greater risk to Europe from the energy crisis, and much more. https://bit.ly/42Ek4O5.    

MacroVoices Erik Townsend & Patrick Ceresna welcome, Ole Hansen. They'll discuss what comes next in the Iran conflict, what the longer-term implications are for energy markets, what's coming in food inflation and how to trade it, and a longer term outlook for secular inflation. https://bit.ly/3OXHPNV    

MacroVoices Erik Townsend & Patrick Ceresna welcome, Luke Gromen. They discuss the Iran crisis, its knock-on effects, and what it means for inflation looking ahead. https://bit.ly/4ctlZtj