Paul talks to Professor Jonathan Haskel, an external member of the Bank of England’s Monetary Policy Committee and co-author of ‘Restarting the Future: How to fix the intangible economy’, and Sree Kochugovindan, senior economist at abrdn, about the intangible economy. 

The economy increasingly consists of ideas, brands, and relationships. This shift from “stuff” to intangibles has wide-ranging implications for productivity, competition, inequality, and how policymakers should manage the modern economy.

Luke and Paul talk to Chris Miller, academic, historian and author of Chip Wars: The fight for the world’s most critical technology, about the economic and geopolitical importance of semiconductors. They discuss the technological and supply chain marvel that is the modern microchip, whether the US-China-Taiwan chip nexus is politically stabilising or destabilising, the impact of the CHIPS Act, and AI innovation as a driver of market performance and future great power competition.

As China’s re-opening rebound fades, Paul and Luke talk to Jonathan Anderson of Emerging Advisors Group and Robert Gilhooly of abrdn about the Chinese economy. The discuss the prospects for policy easing, the state of local government finances, and internationalisation of the renminbi.

The US is facing another debt ceiling stand-off, with very high stakes for the economy and markets. Paul and Luke talk to James McCann, Deputy Chief Economist at abrdn, and Lizzy Galbraith, Political Economist, about the current impasse and how it could be resolved. They discuss the history of the debt ceiling, the likely shape of a deal, the impact of possible spending cuts on the US economy, and the worst-case scenario of a US debt default.

Luke and Paul talk to Robert Gilhooly, Senior Emerging Markets Economist at abrdn, about the drivers of global growth out to 2050. They discuss demographics, and why it is not always destiny, migration, urbanisation, the risks of the middle-income trap, and Asia’s growing share of the global economic pie. 

Luke talks to Abigail Watt, economist at abrdn, about the outlook for the US economy and policy. They discuss what recent data resilience says about the likelihood of a recession, the ongoing turmoil of the US banking sector, and whether a near term resolution to the current debt ceiling impasse is on the cards.

Paul and Luke talk to Lizzy Galbraith, Political Economist at abrdn, about the UK government’s political economy strategy, whether Sunak will be able to deliver on his key ‘promises’, the developments around a green industrial strategy, and the outlook for the forthcoming UK local elections. 

Paul and Luke discuss the macro implications of recent stresses in the banking sector.

 They discuss comparisons with the global financial crisis, the negative economic spillovers of banking worries into the economy, and how all this effects the decision making of the Fed and other central banks.

Paul and Luke talk to Eddie Donmez, global markets analyst and a popular finance influencer at Finimize. 

Eddie tells us what it means to be a finance influencer, and talks about changing trends in the retail investor community around access to high quality research. We also talk about events at Silicon Valley Bank. Finally, Eddie tells us why he thinks chatbots and AI innovations will change how finance research and analysis is done.

Paul Diggle talks to Sree Kochugovindan, senior economist at abrdn, about the Bank of Japan’s “yield curve control” framework. 

 The Bank of Japan (BoJ) has been anchoring government bond yields at very low levels. But the policy is coming under increasing pressure from financial markets. Will the new Governor of the BoJ upend this key tenet of the global monetary policy landscape?