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Single best idea is to look at equities, bonds, currencies, commodities, and anybody informed less informed can look at the Bloomberg terminal screen and go there's a lot of blinking going on, and there's something going on. And it can be correlations between equities, bonds, currencies, commodities, it can be actual changes. Or you can just look at the price of a new bracelet at Tiffany and go ooh. Gold's up and
up is barely describing it. It's surging. There's something out there in the last forty eight hours, the cacophony of opinion, the cacophony of study of new things like bitcoin down two thousand in the morning or gold up two hundred dollars and all the foreign exchange in that Audrey Child Freeman really helping there is well, it's just you know, it's nuts out there. Providing cover today was Brian Weezer. He is legendary on Wall Street for looking at the
ad business and studying TV. He's with Madison and Wall Let's listen to Brian Weezer on the moment at hand.
It's evolving. Here's the thing I argue this is a contrary view for all of AI. There's a lot of fears that AI is going to replace a lot of people. I argue it's going to cause the need for more people because that's more complexity, and the complexity is what requires people to manage the processes. We already saw this in ad tech at Technique, the automation of those core
media buying. It was meant to automate the whole industry. No, it caused the need for more people, and you're going to see that in the creative size the agencies.
I can't emphasize enough how important that comment is, whether you agree or disagree with it, or even are removed from advertising and media and all that. We don't have a clue what AI is going to do, and there's somebody who's saying it's going to be a job formation machine. We will see. One of my conversations of the year last year was Nancy Lazar at Piper. She was just fabulous about the need to employ America outside of healthcare, outside of government. Nancy Lazar again, like Brian on AI.
This moment, I think they've come to reality that the US economy is actually okay. The unaployment rate seems to have peaked on the plumbent claims are down. Support for the FED has actually gone up. Spurts not the right word, but I think my confidence of the FAT has actually line up that they are seeing. This is what we think is a reacceleration the economy, supported by their own efforts.
Rates are down one hundred and seventy five basis points nominal GDP minimums five, maybe it's even six seven percent. Rates are plenty low. You're getting green shoots. Small businesses are benefiting, although it's going to and I think we're moving away from a bifurcated economy to something that's healthier.
Went on with a piercing discussion of AI in her constructive feel about the multiplier effect of artificial intelligence. It has been a spirited forty eight hours on podcasts. We're on an Apple, we're out on Spotify and of course on YouTube podcasts. It's single best idea