Macro is very constructive moving into 2026 (w/ Ram Ahluwalia)

In this conversation, Pascal Huegli and Ram Ahluwalia discuss the current macroeconomic landscape, describing it as a Goldilocks economy with constructive conditions for risk assets. They delve into the dynamics of Bitcoin as an attention and momentum asset, the implications of fiscal dominance, and the relationship between trade deficits and capital flows. Ahluwalia highlights opportunities in emerging markets, the impact of AI on productivity, and the potential risks associated with the AI bubble. He also addresses Bitcoin's current struggles and the promise of tokenization in transforming finance. 

Chapters: 

00:00 Intro 

00:58 The Goldilocks Economy 

03:09 Bitcoin: An Attention Asset 

05:55 Fiscal Dominance and Government Spending 

08:50 Trade Deficits and Capital Flows 

11:57 Emerging Markets: Opportunities Ahead 

14:42 AI and Productivity Growth 

17:42 The AI Bubble: Risks and Opportunities 

21:05 Bitcoin's Current Struggles 

23:49 Tokenization: The Future of Finance 

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#GoldilocksEconomy, #Bitcoin, #AttentionAsset, #fiscaldominance, #tradedeficits, #emergingmarkets, #AI, #productivitygrowth, #tokenization, #crypto 

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