Stock Market Disconnect and High Valuations

Harvard economist Jason Furman joins Kyla Scanlon and Zaid Admani to unpack the state of the U.S. economy amid missing government data, the AI-driven boom, and rising talk of socialism. They explore how much of today’s growth is fueled by AI spending versus real productivity, whether a bubble burst would trigger a recession, the Fed’s latest rate cuts, and why Chipotle’s burritos might be a better economic indicator than GDP.