Starlink will go public and diversify Elon Musk's financial flexibility.
There will be a trillion-dollar deal between Putin and Xi Jinping, covering various products.
Apple may acquire a content or automotive company to address revenue stream challenges.
Google search faces increasing competition and may struggle to maintain market share.
Deep dives
Starlink going public with a valuation at least half of SpaceX's private mark
Starlink will go public and its valuation will be at least half of SpaceX's current private mark. The IPO will give Elon Musk more financial flexibility.
Deal between Putin and Xi Jinping
There will be a deal between Putin and Xi Jinping, potentially amounting to a trillion dollars. The deal will cover energy, agricultural products, mineral products, and rare earth minerals.
Apple making a significant acquisition in a different industry
Apple will make a major acquisition outside of their core business, possibly targeting a content company like Disney or an automotive company like Fiat Chrysler. The acquisition will help diversify Apple's revenue stream and address challenges with their core business.
Google search losing market share and engagement
Google search will face challenges in maintaining market share and engagement due to increasing competition from other search engines, particularly in the area of machine learning and AI. Consumers will have more options for high-quality search results.
Labor market challenges and potential inflation
The episode discusses the shifting dynamics in the labor market, highlighting the swing away from capital and toward labor. With low labor participation rates and potential increases in unemployment, companies may have difficulty finding workers without offering higher wages. This could lead to wage inflation, which may contribute to persistent inflationary pressures rather than a decrease as some expect.
Potential shift in global reserve currency
The podcast explores the possibility of a shift in the global reserve currency away from the US dollar. While the current belief is that the US dollar will always remain the de facto reserve currency due to its perceived superiority over other currencies, there are concerns that a coalition of countries and economic powers, such as Saudi Arabia, China, and Russia, could potentially erode the dominance of the US dollar. This shift could be influenced by factors such as the US taking on significant debt, geopolitical tensions, and the emergence of alternative trading models.
Anticipated trends for 2023
The discussion revolves around several anticipated trends for 2023. These include the possibility of increased infrastructure spending in sectors like semiconductor capital equipment, oil and gas services, and equipment, as well as pharmaceutical infrastructure to support advancements in gene and cell therapies. Additionally, the podcast highlights potential trends like consumer credit challenges and a shift towards austerity measures, the waning influence of Trump in the GOP, and the rise of AI-based media.
