AI Is Ushering in an Entirely New Economic Paradigm | Jordi Visser
Episode publishedPodcast: Forward GuidanceForward Guidance
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I don't think people fully grasp it. The amount of need for AI is infinite. It will never end. It's like saying, when will you have solved every problem? We are literally plugging intelligence into every machine that has ever been built to make it be more efficient. As you spend more money on the brain getting smarter and smarter, it will come up with solutions that you didn't think about in your spend out. The faster we have intelligence grow, the closer we're getting to deflationary spiral. They view this as an end game for solving all the world's problems. So it's not gonna stop, people can
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Felix, it's good to finally be here. I do not need to be wrangled. You guys I guess we just kind of passed each other on the highway, not not running into each other, but I I do listen to you guys regularly and I do reference a lot of what you guys say on my weekly. So it's great to finally Yeah. Be
Yeah. It's my own personal running joke. I'm like, man, I just love to get Jordy on. So it's good to make this happen for sure. For those that don't know about your work, your background, we'd love to just hear a quick high level summary of what was your journey like, because I think it's a pretty interesting shift from your initial background and your initial career to where you stand today and the topics that you think matter the most.
All right, let go, let me actually, and this will be quick or at least quick enough. But I'll go back a little bit further because we're just getting to know each other. So I grew up in a household where my father literally at a young age, told me not to believe anything I heard from anybody. So I always say that when I speak on stage because I think he framed my viewpoint of the world that just everything that every human being says and everything that you read in the newspaper at the end of the day is someone's opinion. There's no facts. Everything that we do in this business is about hearin
So I love it. Yeah. When I think about the past five years of traditional global macro, quote unquote, and it feels like it's been a very weird five years where a lot of these traditional indicators that, you know, were probably your bread and butter back in the day, You know, just a quick example of just looking at say a yield curve inversion that said many times now that a recession is imminent and those have been for the most part wrong. I think it's, I would love to just hear your perspective on when you contrast that old school global macro with this trend of how much has been either fals
Yeah, that's a good question. I do cover this a lot. When I was in Brazil, ECRI was a very big boutique research place that still is today. And I really studied the work of Jeffrey Moore, who was the person who was the founder and kind of everything was based on his work from LEI. And the LEI year over year has been negative for the longest time in history. It's never been at the level it is. I think it's like minus 3.6% and not been in a recession. And s
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