The Jacob Shapiro Podcast

A deep dive into the political turbulence surrounding employment data unfolds as they explore Trump's firing of the Bureau of Labor Statistics head. The duo highlights the fragility of public statistics amidst AI advancements and political interference. They discuss the value and commoditization of data and its implications for public trust in an information-saturated world. Wrapping up, they unravel the baffling shifts in U.S.-India trade policy, questioning the evolving landscape of geopolitical dynamics.

In this engaging discussion, Luke Gromen, founder of The SRSrocco Report and a macroeconomic expert, joins to delve into pressing financial topics. They explore how AI is revolutionizing research while threatening job stability. Luke sheds light on the U.S. fiscal outlook, emphasizing the need for financial repression of bondholders. The duo discusses geopolitical tensions, notably the U.S.-China rivalry and Europe's vulnerabilities, before touching on Bitcoin's potential as a neutral reserve asset and stablecoins' role in fiscal strategy.

Jacob talks with Dr. Van Jackson, an influential international relations scholar focusing on East Asian and Pacific security. They delve into the volatility of U.S. foreign policy, labeling the Trump era as a counter-revolutionary oligarchy. Van critiques both major parties for risking diversionary wars amid legitimacy crises. The dialogue navigates the geopolitical tensions involving Iran, Israel, and China, and explores possibilities for a 'win-win-win' scenario on the Korean Peninsula as U.S. troop withdrawal from South Korea is contemplated.

Mike Konczal, Senior Director of Policy and Research at the Economic Security Project, dives into the shifting dynamics of American capitalism. He discusses how the Biden administration's agenda is reshaping neoliberal norms and highlights the implications of increased public investment. Konczal critiques the 2025 Tax Act, focusing on its cuts to Medicaid and food assistance. They also explore the role of green energy policies in economic competitiveness, immigration policy dynamics, and the overall impact of fiscal strategies on market stability.

Rob Larity, an investment expert, shares his insights on market trends and investment strategies. He discusses the impact of interest rate dynamics, highlighting political interference and the role of Jerome Powell. The conversation delves into the Federal Reserve’s mechanics, historical tensions with presidential influences, and the latest outlook on bonds and equities. Larity also expresses cautious optimism for international markets and niche small-cap opportunities amidst current economic uncertainties.

Fahd Humayun, an assistant professor of political science at Tufts University and visiting research scholar at Stanford, dives into the complex U.S.-Pakistan dynamics. He discusses Pakistan's perspective on the Iran-Israel conflict and the implications of a potential Trump presidency on U.S.-Pakistan relations. Humayun highlights escalating India-Pakistan tensions, the risks of military conflict, and China's increasing influence in South Asia. He advocates for regional diplomacy as a pathway to stability and explores domestic political challenges in Pakistan.

Rob Larity, a market analyst known for his insights, joins Jacob Shapiro to delve into the evolving landscape of global markets. They discuss the recent Israel-Iran conflict and its unexpected effects on oil prices. The conversation highlights Japan's increasing foreign investments and shifting U.S.-Japan relations, revealing underlying tensions. They stress the importance of strategic thinking in uncertain times and navigating the challenges posed by media distractions, advocating for mental clarity amidst rapid changes.

Facundo Robles, Program Coordinator at the Wilson Center’s Latin America Program, joins the discussion to explore Latin America's geopolitical landscape amid global turmoil. He analyzes how the Israel-Iran conflict affects stability in the region while discussing rising oil and agricultural prices impacting Mexico, Argentina, and Brazil. The conversation highlights Argentina's shifting foreign policy towards the U.S. and Israel, Venezuela's political turmoil under Maduro, and the broader implications of U.S.-China competition in Latin America.

Tobias Harris, a Japan analyst specializing in U.S.-Japan relations, delves into the rising trade tensions and their impact on this historic alliance. He discusses Japan's shifting strategy as it responds to U.S. tariff dynamics and the potential erosion of trust in American leadership. The conversation highlights Shinzo Abe's lasting influence, regional tensions, and the significance of political shifts in South Korea. Notably, they analyze how domestic rice prices could affect Prime Minister Ishiba's political fate amidst these global and local challenges.

Hamidreza Azizi, an Iranian security expert, dives into the implications of Israel's recent strikes on Iran. He discusses the assassination of top IRGC commanders and the impact on Iran's nuclear infrastructure. Azizi emphasizes Iran's limited options for retaliation and how Israel's actions could destabilize the region further. He also covers the dynamics of regional proxies like Hezbollah and the uncertain role of the U.S. The conversation sheds light on psychological warfare and the growing tension in one of the world's most volatile areas.