Paul Kedrosky
speaker
1,259 appearances
4 recordings
2 series
first heard Apr 2026
last heard 3d ago
Paul Kedrosky’s voice in public audio — every appearance, attributed to the second.
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recordings per month · last 12 monthsRecordings per month over the last 12 months — 4 in all, peaking in Sep 2026 with 1.
Appearances
And so there isn't a lot of headroom anymore to bail out your own economies as we you know sort of approach this inevitable moment.
So your expectation as a consumer should be
that the the so-called, you know, we could call it the Bernanke put, this idea that Ben will save us and then it was the Greenspan part.
possible here.
Right.
In and in particular because
Fiscal policy is being increasingly rendered impossible because of the indebtedness of major sovereigns around the world and monetary policy, rates, as we've been discussing, is is almost impotent because of the nature of what's going on.
Uh so you have this double whammy problem.
replacing them with
Yeah, yeah, yeah.
So it it's it's you have option A and option B, and both of them are bad, right?
So either one leads to whether companies are just experimenting madly because they feel they must, and they discover that it there's the productivity benefits aren't really there, or they find some productivity benefits, however modest, and they use that as a justification for further cuts to workforce.
The consequences economy-wide are the same.
You're into a multi-year recession and
And then because of this balance sheet problem, something that teeters on the edge of being a depression or a or at least a a decadal workout like the the happy recession in uh or the last decade in Japan.
Yeah, no, that's for sure.
So there's there's physical limits and there's and there's and there's um financial limits.
So physical limits, obviously, we're already seeing.
There was a great piece in the FT the other day talking about how and it's so loopy to me to use the technical term, like how dramatically short we are in terms of the amount of re power required to uh power up all of the GPUs that are currently sold and forecast to be sold.
And you've been really good on this.
Showing 261–280 of 1,259 · page 14 of 63
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