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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 If Trump’s Economic Ideas Are So Bad, Why Isn’t the U.S. Economy Doing Much Worse?

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Sign up for Derek's Substack here. Harvard economist Jason Furman returns to the show to answer two big, burning questions. First, if Trump's economic ideas are as bad as most economists say, why isn...

17 Jul 202552min

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Couples are having kids much later in their lives. As young people spend more of their 20s and 30s getting established in their careers, and marriage is delayed, and home buying is delayed, the unstop...

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The Mysterious Rise of Major Injuries in Professional Sports

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9 Jul 202554min

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The California housing crisis is a disaster and an emergency. Housing construction per capita has steadily fallen in the last few decades, while home prices, rent, and homeless rates have all soared. ...

3 Jul 202559min

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What's Next for the Middle East: War, Peace, or Revolution?

Sign up for Derek Thompson's Substack here! Donald Trump rose to power in the Republican Party as a critic of the neoconservative tradition and was opposed to war in the Middle East. But after weeks ...

25 Jun 202547min

NYC Mayoral Candidate Zohran Mamdani on Abundance, Socialism, and How to Change a Mind

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23 Jun 202541min

A Grand, Unified Theory of Why Americans Are So Unhealthy

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18 Jun 202538min

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