John Rapley, an economist and author of "Why Empires Fall," teams up with macroeconomist Philip Pilkington, host of the Multipolarity podcast. They delve into the significant decline in US tech valuations and the disruptive rise of the Chinese AI app Deep Seek. The duo analyzes potential indicators of a forthcoming market crash, debates the contrasting economic philosophies of the Trump era, and discusses the shifting investments of global elites at Davos. With a blend of skepticism and insight, they navigate the turbulent waters of today’s economy.