Jobless Prosperity
What Does Economic Analysis Suggest About the Rise of Jobless Prosperity in the AI Era?
Bloomsbury Macro
Written by a former Executive Director, Global Investment Research at Goldman Sachs. Each week, we cut through the noise on macro, AI, and markets to explain where policy, capital, and technology are really heading.
Live Last read · last published · next check
Latest posts
AI Is Becoming a Credit Cycle
For the past two years, AI has been treated as a growth story.
From Speculation to Stability: How Markets Are Repricing Trust
Over the past week, markets appeared to unravel.
Gold Isn’t Predicting a Crash. It’s Predicting Policy.
My interest in gold, much like my interest in macroeconomics more broadly, comes from moments when the world appears calm on the surface while something deeper is quietly shifting underneath.
Execution as the Binding Constraint
Much of the public discussion around artificial intelligence investment remains organized around a familiar question: are current valuations justified?
When Bonds Stop Hedging, Politics Becomes Macro
What does economic and market analysis suggest when equities fall, volatility rises, and government bond yields increase at the same time?
Tariffs as a Weapon: When Trade Policy Becomes Sovereignty Policy
What does economic analysis suggest happens when trade instruments are repurposed from correcting imbalances to coercing political outcomes?
AI, Geopolitics, and the Business Model Shock
This note considers whether recent developments in geopolitics and artificial intelligence represent temporary shocks or a structural change in the global economic and political order, and whether these changes imply a reorganisation of existing business models in the digital economy.
The AI Capex Bubble Won’t Look Like the Dot-Com Bubble
Every cycle ends up being explained through the last one.
Banks as Political Risk Assets
The contradiction is simple and uncomfortable: the banks did what they were supposed to do, and the market punished them anyway.