Intro

Coming up this week: an audio essays special edition. 

Philip and Andrew, going head to head, a half hour each, on two big stories that have a more medium-term feel than the usual weekly news pegs. 

In the red corner, Mr Pilkington takes on the bear market. Is an icy wind coming for global stocks? How it could play out? From the bottoming out of NVIDA to the coming age of tariffs, what are the key triggers? 

Then, Andrew Collingwood will be taking on medium-term Europe. As the US shrinks from its hegemonic duties, will the EU seize the moment, to attempt to federalise through the stalking horse of re-armament? And given recent trends, could this laager mentality also come with a doubling-down on its own unique brand of autocracy?