Today's episode explores the systemic collision between escalating energy shocks in the Strait of Hormuz and the rise of an 'infinite backlog' of AI-driven work. We analyze how the shift toward asset-heavy economics and the redesign of human labor are fundamentally recalibrating global risk and productivity.

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0:00 - Introduction
1:17 - Navigating the Hormuz Strait and Global Energy Shocks
8:18 - The Great Monetary Transition: From Powell to Walsh
14:08 - Asset-Heavy Economics and the Shift to Hard Commodities
18:05 - The Agentic Era: Redesigning Work through AI
22:37 - Decentralized Finance and the Future of Risk Pricing
25:31 - Conclusion

Referenced sources:
US to Start Guiding Ships Through Hormuz, Takaichi Visits Australia (Bloomberg Daybreak: Asia Edition)
US Hormuz Passage Plan, Recession Risk Is 'Real', Transatlantic Strain (Bloomberg Daybreak: Europe Edition)
Global industries squeezed as Iran war enters third month (FT News Briefing)
Hedgeye Investing Summit Spring 2026 Daniel Lacalle, Chief Economist at Tressis (Hedgeye Podcasts)
Hedgeye Investing Summit Spring 2026 Josh Crumb & Jeff Currie, Abaxx Technologies (Hedgeye Podcasts)
Why Agents Make Every Job a Startup (The AI Daily Brief: Artificial Intelligence News and Analysis)
UBS On-Air Paul Donovan Daily Audio 'Diminished guidance' (UBS On-Air: Market Moves)
Signal over Noise What the Fed transition means for the US fixed income markets (UBS On-Air: Market Moves)
After April's $606 Million in DeFi Hacks, What's the Fair Value Yield Rate (Unchained)

This episode is independent commentary and is not affiliated with, sponsored by, or endorsed by the sources listed above.