Invest Like the Best with Patrick O'Shaughnessy

Karen Karniol-Tambour - Macro Headwinds vs. Tech Tailwinds - [Invest Like the Best, EP.329]

153 snips
May 16, 2023
In this discussion, Karen Karniol-Tambour, Co-CIO at Bridgewater Associates, breaks down the complexities of today's macroeconomic landscape. She examines the profound impacts of artificial intelligence on the economy and the challenges it brings. The conversation also delves into U.S. and China's shifting capital market dynamics, the implications of recent banking failures, and the contrasting valuations of gold and Bitcoin in an inflationary environment. Karen's insights provide valuable guidance for navigating these turbulent market conditions.
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INSIGHT

AI's Impact

  • AI's impact on the labor market could be larger and faster than globalization and automation.
  • This could lead to greater economic, social, and political volatility.
INSIGHT

Inflation vs. AI

  • Current inflationary pressures from reshoring and decarbonization initiatives are strong.
  • AI's deflationary potential must outpace these inflationary forces to significantly impact markets.
INSIGHT

AI in Macro Investing

  • Applying AI to macro investing is challenging due to limited historical data and evolving market dynamics.
  • Optimizing AI models on short histories can lead to inaccurate conclusions.
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