Why The World Is Spending More On War
Summary
Host Ed Elson discusses a new global arms race with Steve Feldstein, noting rising defense tech investment amid geopolitical instability. The episode then analyzes a semiconductor sector downturn with Zed Francis, who attributes volatility to high valuations and heavy hedging. Finally, economist Ara Karazian presents research showing that heavy AI adopters are increasing hiring, particularly for entry-level roles, contradicting fears of immediate job losses.
Topics discussed
Intro and sponsor messages
Market recap and global arms race overview
Interview: Defense tech spending and geopolitical instability
Sponsor messages
Semiconductor sector slowdown and hyperscaler dynamics
Study: AI adoption correlates with increased hiring
Outro and credits
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