Forget the Doom

What’s actually driving the markets

I joined Maggie Lake on the Wealthion Podcast this past Friday for a conversation that reminded me why thoughtful market discussion matters. Huge thanks to Maggie and the entire Wealthion team, especially Mario Rodrigues, for the invitation.​​​​​​​​​​​​​​​​

Maggie has this remarkable ability to cut through market noise and ask the questions that actually matter. She doesn’t accept vague answers or let anyone hide behind jargon, which is precisely what finance media needs more of. The conversation felt genuinely curious and intellectually honest rather than performative, and that’s increasingly rare.

We explored why the dominant market narratives might have it completely backwards. While headlines swing between “runaway inflation” and “imminent collapse,” the data tells a surprisingly different story about U.S. economic resilience and why global capital keeps flowing into American markets.

The discussion covered some fascinating ground: whether AI is another bubble or if this infrastructure buildout is fundamentally different from 2000; how stablecoins are quietly becoming a massive source of Treasury demand that almost nobody’s discussing; where China’s real economic vulnerabilities actually lie (hint: not where most people assume); and why AI’s energy demands matter long-term but aren’t the immediate market concern some claim.

If you’re tired of polarized takes and want to hear what the data actually shows about global markets, energy dynamics, and the pain trade most seem to be missing, you will find this discussion interesting.

Thanks again to Maggie and the entire Wealthion team for this fantastic opportunity.