Simon French

Simon French, Chief Economist at Panmure Liberum, and Katie Martin, Markets columnist at the Financial Times, dive into the booming stock market driven by AI excitement. They discuss the $28–30 trillion rally, the challenges of identifying AI stocks, and the alarming historical valuations reminiscent of the dot-com era. Katie highlights the concentration of power in the 'Magnificent Seven' tech giants, raising single-point failure risks. Both experts caution on the parallels with past market bubbles, urging careful risk management as warning signals intensify.

Simon French, Chief Economist at Panmure Liberum and writer for The Times, dives into the surge of gilt yields and its impact on UK government finances. He discusses the potential for tax increases or spending cuts while questioning if this issue is unique to the UK. The conversation also explores the Bank of England's challenges, the undervaluation of UK stocks post-Brexit, and the essential role of stable fiscal rules for long-term economic health. In a light-hearted segment, they ponder the necessity of government fiscal rules.

Nicky Masterman, CEO of Inspired HR, shares insights on AI's practical applications in HR and data protection challenges. Stephen Yu, co-founder of Whale Blue Growth Fund, analyzes Nvidia's stunning revenue growth and the potential risks of market concentration. Economist Simon French highlights the implications of AI adoption in the UK and discusses current inflation trends. Paul Greenwood from ExxonMobil UK addresses the closure of the Fife ethylene plant and its wider economic effects, emphasizing the impact of government policies on industry challenges.