Good News, Bad News, & the AI Boom

Doug and Greg break down a surprisingly strong jobs report and why good economic news can sometimes be bad news for markets when it raises the prospect of higher interest rates. They discuss the massive investment fueling the AI infrastructure boom, its impact on inflation and the bond market, and why Americans remain pessimistic about the economy despite strong employment and record markets. They also weigh the potential risks and enormous opportunities surrounding AI before closing with a reflection on NYC and the lasting significance of September 11. Key Takeaways 00:17  -  A strong jobs report shakes up rate expectations 03:29  -  Why the recent job numbers are dominated by women  05:09  -  When good economic news becomes bad market news 06:35  -  How AI is reshaping the bond market 09:21  -  New inflationary pressures 11:03  -  Why Americans still feel bad about the economy 15:14  -  Fear vs. optimism for AI 17:35  -  New York, 25 years after September 11 View Transcript Links Six Charts That Explain How Americans Really Feel About the Economy Anthropic Researcher Quits Over ‘Out-of-Control’ AI Fears Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision. Different types of investments involve varying degrees of risk. Therefore, it should not be assumed that future performance of any specific investment or investment strategy (including the investments and/or investment strategies referenced in our blogs/podcasts) or any other investment and/or non-investment-related content or services will be profitable, equal any historical performance level(s), be suitable or appropriate for a reader/listener’s individual situation, or prove successful. Moreover, no portion of the blog/podcast content should be construed as a substitute for individual advice or services from the financial professional(s) of a reader/listener’s choosing, including Stokes Family, LLC, a registered investment adviser with the SEC, with which the blogger/podcasters are affiliated.