The Big 2025 Economy Forecast: AI and Big Tech, Nuclear’s Renaissance, Trump vs. China, and What’s Eating Europe?

The Big 2025 Economy Forecast: AI and Big Tech, Nuclear’s Renaissance, Trump vs. China, and What’s Eating Europe?

Happy new year! And what better way to celebrate the freshly torn calendar page than by welcoming one of Derek's favorite writers to the show to tell us what's in store for the 2025 economy. Michael Cembalest is the chairman of market and investment strategy for JPMorgan Asset Management, and the author of the truly spectacular newsletter, 'Eye on the Market.' Today, we start with stocks and describe the truly historic—and historically unprecedented—dominance of the so-called Mag-7 tech giants. Then, we draw the connection between Big Tech’s historic run and the surge of AI spending. After a discussion on the history and future of nuclear power in America, we do a pit stop on the European economy, where we evaluate the continent’s tradeoff between safety and growth, and move on to China to disentangle that economy’s slowdown. Finally, we connect it all back to a Trump agenda that is a fascinating brew of old-fashioned Reaganite deregulation, newfangled crypto enthusiasm, mid-19th century tariff obsession, mid-20th century industrialization policy, and ... a bunch of other ingredients that I think I’ll just let Michael tell you about. If you have questions, observations, or ideas for future episodes, email us at PlainEnglish@Spotify.com. Host: Derek Thompson Guest: Michael Cembalest Producer: Devon Baroldi Learn more about your ad choices. Visit podcastchoices.com/adchoices

Episoder(348)

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Plain English BEST OF: What’s the Matter With America’s Food?

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27 Jan 59min

Plain English BEST OF: The Healthiest "Super-Agers" Have One Thing in Common, According to a 25-Year Study

Plain English BEST OF: The Healthiest "Super-Agers" Have One Thing in Common, According to a 25-Year Study

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Plain English BEST OF: If GLP-1 Drugs Are Good for Everything, Should We All Be on Them?

Plain English BEST OF: If GLP-1 Drugs Are Good for Everything, Should We All Be on Them?

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Plain English BEST OF: What Experts Really Think About Smartphones and Mental Health

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Plain English BEST OF: A Grand, Unified Theory of Why Americans Are So Unhealthy

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