Paul Kedrosky
speaker
1,259 appearances
4 recordings
2 series
first heard Apr 2026
last heard yesterday
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
Yeah.
And actually the opposite happened.
The opposite happened.
Right.
And so w it was up something like four and a half percent or something like this, which was what does that mean in
So the global you know this means that the global economy in terms of exchanging goods between countries grew almost double the rate that was forecast by the WTWTO, the World Trade Organization, in anticipation of the effect of uh the tariffs that were coming through.
So so t now they broke down the data because they you know, like any good economist, they said so you know, we were wrong.
Why?
And it turned out that some
Something like nineteen percent of global trade in goods in the last three quarters was AI related.
That's not
That's right.
Which goes back to your favorite story.
So that's NVIDIA GPUs.
And then if you take it the next step, well then how much of growth so if 19% was was uh AI related, how much of the growth that was on what that was anomalous, almost 55% of global trade growth.
was AI related.
So in a sense, we're created this global now illusory phenomenon that's being driven by this incredibly anomalous spending, and much of which is concentrated on one specific thing, these things we we we call GPUs, but it's bleeding over into um sovereign debt.
It's bleeding over into the cost of finance the US deficit.
It's bleeding over into world trade.
It's masking the effect of
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