The Bulletin with UBS

Kurt Reiman, Head of Fixed Income at UBS CIO Americas, dives into the Transcontinental Railroad's historical significance and its modern parallels, like AI infrastructure. He reveals how the railroad transformed travel and commerce, drastically reducing time and costs. Kurt also discusses standardized timekeeping and the creation of time zones sparked by railroads. He draws lessons from 19th-century capital expenditure cycles, analyzing their risks against today's AI spending, and highlights the importance of studying US innovation history for informed investing.

UBS celebrates inspirational individuals whose commitment to craft mirrors the values that drive it: dedication, expertise and passion. In this episode, we meet celebrated chef Nina Métayer (pictured) and renowned fashion designer Guo Pei. See omnystudio.com/listener for privacy information.

This year’s edition presents new findings on high-net-worth individuals in the art market. Featuring Art Basel CEO, Noah Horowitz, UBS Global Wealth Management chief economist, Paul Donovan, and report author Dr Clare McAndrew of Arts Economics.See omnystudio.com/listener for privacy information.

Banking is UBS’s craft. This is why UBS celebrates inspirational individuals whose commitment to mastery mirrors the values that drive UBS: dedication, expertise, passion. In this episode, we meet visionary conductor Long Yu.See omnystudio.com/listener for privacy information.

With gold passing $4,000 per troy ounce for the first time, Wayne Gordon and Giovanni Staunovo of UBS join the show to discuss this record, whether central banks will keep buying and what this means for smart investors.See omnystudio.com/listener for privacy information.

Matthias Holzhey, a real estate economist and the lead author of the UBS Global Real Estate Bubble Index, dives into the 2025 housing market landscape. He discusses the stagnation of global house prices and the impact of high interest rates. Listeners learn which cities like Miami, Tokyo, and Zurich are facing the highest bubble risks and the role of regulatory measures in market corrections. Holzhey also tackles issues of affordability, highlighting inflation effects and the challenging price-to-income ratios while offering key takeaways for investors.

Key contributors to a UBS white paper on the blue economy discuss how the vital system of the global oceans can be supported and sustained in the long term.See omnystudio.com/listener for privacy information.

The much-anticipated quarter-point Federal Reserve rate cut might be the first of several this year. But what does this week’s move mean for investors?See omnystudio.com/listener for privacy information.

New French prime minister Sébastien Lecornu is the fifth premier in under two years. UBS CIO for France, Claudia Panseri, discusses whether the Macron loyalist can galvanise the National Assembly and curb French borrowing.See omnystudio.com/listener for privacy information.

The UBS Wealth Management CIO’s ‘Digital Assets 101’ series explores important developments in the digital-asset landscape. Michael Bolliger, UBS CIO for emerging markets, joins to discuss the potential of stablecoins.See omnystudio.com/listener for privacy information.