Things came undone this week: Starmer resigned, SpaceX tanked, the Iran deal stumbled, and a housing bill that passed the Senate is dying on Trump’s desk.
Today’s conversation with @GaryMarcus is a must-listen. His argument: AI is much less intelligent than the market is pricing.
Earlier in the week, @gilluria came on to explain what SpaceX’s crash meant for the broader AI trade. Oxford’s @PJTheEconomist made the case that the U.K. economy has been quietly breaking for 20 years, and how Starmer’s resignation was a clear symptom of that reality.
Other beats: @arindube on why raising the minimum wage actually works. @FairweatherPhD on whether the landmark housing bill will survive. @MikeIsaac on Meta’s prediction markets play, and Brian Kersmanc on what the Iran talks actually mean for oil.
Full episodes here: https://www.youtube.com/@ProfGMarkets