Many Happy Returns 2026 Watchlist: Trends That Could Shape the Year Ahead
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Dec 31, 2025 Explore how AI is redefining hiring practices, leading to jobless growth and a potential K-shaped recovery. Delve into the implications of widening inequality and the political tensions that may arise. Discover investment opportunities in AI infrastructure and the challenges posed by energy needs in powering data centers. The discussion also navigates the dynamics of energy markets, the rally in precious metals, and the risks of inflation affecting interest rates. Will we see a true Roaring 20s, or just a grinding economy ahead?
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Jobless Growth From AI Expansion
- AI can drive GDP growth without commensurate job creation, producing 'jobless growth'.
- This decoupling may widen inequality and create political tensions if displaced workers wait in vain for new roles.
Personal Layoffs And Family Re-Skilling
- Michael Pugh shared friends explicitly told him they were laid off because of AI.
- Ramin Nakisa gave a family-history example of trades retraining after technological shifts.
Play AI Through Infrastructure
- Consider indirect AI exposure: energy, cloud, memory chips, or data-centre REITs rather than only big tech.
- Avoid buying into already-rallied chip plays late; seek infrastructure and resource plays.
