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)

Plain History: The Smoot-Hawley Tariff and the Great Depression

Plain History: The Smoot-Hawley Tariff and the Great Depression

The 1920s and the 2020s share a special kinship. One hundred years ago, the U.S. was grappling with a mix of growth, technological splendor, and generational anxiety—a familiar cocktail (albeit, from ...

11 Apr 202550min

Trump’s Trade War Is Like Nothing America’s Ever Seen

Trump’s Trade War Is Like Nothing America’s Ever Seen

Donald Trump's tariff plan has set global markets on fire. What are they for? What are they trying to accomplish? Fresh off his black-out-rage session on CNBC, Derek talks to Matthew Klein, the autho...

8 Apr 202557min

Trump’s Plan to Smash the Global Economic Order

Trump’s Plan to Smash the Global Economic Order

Donald Trump's second term has been a breakneck whirlwind: tariffs announced, tariffs unannounced, tariffs reannounced, allies threatened, and global coalitions ripped apart. What sort of a world are ...

31 Mar 202554min

Plain History: The Gilded Age

Plain History: The Gilded Age

Corruption. Class wars. Technological splendor. The dawn of a new age of business and government. Rockefeller and Carnegie. The Gilded Age in America—roughly the 1870s through the early 1900s—was one ...

24 Mar 202559min

ABUNDANCE! With Ezra Klein

ABUNDANCE! With Ezra Klein

Donald Trump is serving up a scarcity agenda to America. He and the White House say we don’t have an economy that works, so we might just need to accept a period of economic hardship. They say America...

17 Mar 20251h 19min

How Gen Z Sees the World

How Gen Z Sees the World

Generation Z, which was born between the late 1990s and the early 2010s, has a unique economic, political, and cultural identity. In the 2024 election, Gen Z shifted strongly to the right. They are le...

12 Mar 202557min

Can a Vaccine Cure the World’s Deadliest Cancer?

Can a Vaccine Cure the World’s Deadliest Cancer?

Cancer is not a singular disease but a category of hundreds, even thousands, of rare diseases with different molecular signatures and genetic roots. Cancer scientists are looking for a thousand perfec...

7 Mar 202547min

How AI Could Change the Future of Music

How AI Could Change the Future of Music

Artificial intelligence tools for musicians are getting eerily good, very fast. Their work can be maddening, funny, ethically dubious, and downright fascinating all at the same time. TV and podcast co...

4 Mar 202557min

Populært innen Politikk og nyheter

giver-og-gjengen-vg
aftenpodden
aftenpodden-usa
i-retten
forklart
stopp-verden
popradet
fotballpodden-2
det-store-bildet
dine-penger-pengeradet
rss-gukild-johaug
bt-dokumentar-2
hanna-de-heldige
aftenbla-bla
nokon-ma-ga
rss-ness
e24-podden
rss-penger-polser-og-politikk
frokostshowet-pa-p5
chit-chat-med-helle