Global Macro Update Archive

The White House released America’s AI Action Plan—the clearest signal of AI’s importance to global dominance.

Last week, we covered my concerns about AI’s impact on jobs. This week, we’ll take a look at its impact on energy demand and who pays for that energy.

Most of us are not prepared for the incredible degree of change Artificial Intelligence (AI), combined with automation, is bringing to society.

Your next Uber could be a flying “air taxi.”

Most investors would agree we’re in a different investment environment than we were a few months ago.

As the trade situation intensifies between the US and China, it’s time to think about the ripple effects of a decoupling.

There’s no substitute for experience.

There are plenty of smart people doing good work in private equity, but when self-help guru Tony Robbins is private equity’s new cheerleader, and Blackstone is buying smoothie shops, you have to wonder if things have gone too far.

Modern history is rife with examples of wars that grind on needlessly, only to end with no clear winner.

Last week I asked you to reconsider the prevailing narrative that tariffs are inflationary

The tariff situation is evolving fast.

I don’t even want to think about it—a new virus is gaining traction in the US.