The past week has seen US stocks–and gold, btw–rally to record highs. This week, we’re going to apply the magnifying glass to the ‘Magnificent Seven’ that are driving this rally and ask what happens when the sheer size of these US corporations, or corporate value, starts to overtake individual European stock markets. That’s right - any one of these US companies are worth more than British or German capitalism. With an election on the horizon, time to figure out what this all means.

For more on Bubble Trouble, including transcripts of the show, visit us online at http://bubbletroublepodcast.com

You can learn more about Richard at https://www.linkedin.com/in/richard-kramer-16306b2/

More on Will Page at: https://pivotaleconomics.com

(Times below correspond to the episode without considering any inserted advertisements.)

Bubble Trouble: Giants of Global Markets and Economic Quandaries

In this episode of Bubble Trouble, Richard Kramer and Will Page explore the dominance of the 'Magnificent Seven' US corporations in the recent stock market rally and their comparison to European markets. They discuss the significant influence of American tech CEOs versus their European counterparts, global lobbying efforts by big tech, and the economic impact of major tech product launches like Apple's iPhone 16 on UK retail sales. The episode analyzes the UK's economic challenges, governmental budget constraints, and tax policy trade-offs, including the freezing of tax thresholds. The hosts delve into the broader societal and economic consequences of media monopolies, infrastructure investments, and the peculiarities of contemporary political landscapes.

00:00

00:00 Introduction

00:55 Part One

01:00 Feedback and OpenAI Discussion

02:41 The Magnificent Seven: US Companies vs. European Markets

04:29 Comparing Market Values

07:26 Future Projections and Power Dynamics

12:50 European Response and Regulatory Challenges

15:49 Investment Strategies and Market Resilience

18:21 Retail Sales and Apple's Influence

19:30 Part Two

19:30 UK's Economic Challenges and Government Budget

22:19 Tax Policies and Fiscal Strategies

30:18 The Impact of Media and Big Tech

35:29 Concluding Thoughts and Audience Engagement

36:49 Credits

Hosted on Acast. See acast.com/privacy for more information.

We thought we’d get a little political on this week’s show. Are we serving up a bubble that was a landslide UK election, or is the new government trouble a bubble? And we want to deconstruct Will’s Pessimism Paradox as it applies to the place we most often seen bubbles, in high finance where the less certain the outcomes to higher the markets go.

For more on Bubble Trouble, including transcripts of the show, visit us online at http://bubbletroublepodcast.com

You can learn more about Richard at https://www.linkedin.com/in/richard-kramer-16306b2/

More on Will Page at: https://pivotaleconomics.com

(Times below correspond to the episode without considering any inserted advertisements.)

Deconstructing Economic Pessimism in the Wake of a New Government

In this episode of Bubble Trouble, hosts Richard Kramer and Will Page discuss the political and economic landscape in the UK following the first 100 days of a new government. They analyze the concept of political and economic bubbles, questioning whether pessimism dominates current narratives. The discussion spans issues like the impact of the cloud on GDP measurement, tax policies, and the importance of attracting talent over traditional economic metrics. The hosts also delve into the role of economists’ outlooks during different economic conditions. The episode underscores the significance of focusing on new strategies and the long-term impact of political decisions, highlighting the government and economic system's current challenges.

00:00 Introduction to Bubble Trouble

00:44 Part One

00:50 Analyzing the New Government's First 100 Days

03:56 The Pessimism Paradox Explained

14:13 Debating Economic Growth and GDP

18:59 Part Two

19:19 Tax Policies and Economic Challenges

25:23 The Talent Competition and Immigration

28:57 Reflections on Political Labels and Strategy

32:47 Conclusion and Listener Engagement

33:25 Credits

Hosted on Acast. See acast.com/privacy for more information.

We always try to flag the smoke signals of mischievous market behaviour that gets society and stock portfolios into trouble. Are we about to get fooled again by the hype and hysteria surrounding the poster child Open AI? Or maybe, just maybe, it’s worth joining us for 30 minutes to find what really sits behind a 150bn valuation and ask whether beauty is in the eye of the beholder?

For more on Bubble Trouble, including transcripts of the show, visit us online at http://bubbletroublepodcast.com

You can learn more about Richard at https://www.linkedin.com/in/richard-kramer-16306b2/

More on Will Page at: https://pivotaleconomics.com

(Times below correspond to the episode without considering any inserted advertisements.)

In the latest episode of Bubble Trouble, co-hosts Richard Kramer and Will Page dive into the hype surrounding OpenAI, now valued at $150 billion. They examine the risks of market hype and hysteria behind this soaring valuation, discussing the broader implications for society and the tech industry. The episode explores the nuances of company valuations, comparing public versus private market insights and the lack of transparency in the private sector. With references to past tech bubbles, the hosts analyze the potential conflicts of interest among investors and question the sustainability of current trajectories in tech valuations. As they await the next bubble to burst, Kramer and Page emphasize the importance of scrutinizing underlying business fundamentals in an era of outsized market valuations.

00:00 Introduction

00:49 Part One

01:04 The AI Hype and OpenAI's Valuation

03:25 Understanding Company Valuations

06:32 Public vs Private Market Valuations

10:56 The Transparency Challenge in Tech

15:26 Reflecting on Past Episodes and Lessons

21:12 Part Two

21:49 The Role of Central Banks in Market Bubbles

25:32 Exploring OpenAI's Valuation and Market Dynamics

36:09 Smoke Signals and Future Predictions

43:46 Credits

Hosted on Acast. See acast.com/privacy for more information.