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A single best idea quickly on a FED day. That's the way we roll, and we say thank you for listening. A great set of guests today, great set of conversations. I love what Greg Villier said in his research note, these are confusing times. This issue, the next issue that went on from that, just a confusion on this FED day. It would be good to speak to people with decades of authority. Jack Divine joined the CIA in his first
mission in nineteen seventy one was Santiago, Chile. Just extraordinary breadth of career and we were honored to have Jack Divine of the ARC and Group the Console on Foreign Relations on today on our CIA College of Iran. Here is Jack Divine on the nuclear threat.
This is a controversial issue today because Tulca Gabbertt went, you know, in March, went down the hill and said that the Iranians did not have a nuclear weapon and it was three years before they could deliver it. And that was raised with President Trump yesterday and he said
he's really not counting on that information. And so therefore I think there is a disconnect, and I guess I would have a cautionary note for political leaders, and that is, if you have a choice between the intelligence community that says we're going to give you nothing about the truth, and you have political leaders and other countries who have a vested interest in presenting facts in a particular way, I would recommend you stick close to those intelligence estimates.
So having said that, there are subset issues in this that I could touch on, which is, for example, we have to be careful and defense of how his presentation of the situation that's not underestimated. You cannot get this wrong and say that it's not it's not a dangerous situation decades.
Thet's CIA Jack Divine of the ARC group on a FED day, always wonderful to talk to Michael Data synthesizing his economics at roth over into a stock market called. Didn't talk much about the stock market today with mister Darta. Michael Darta here on the FED and the challenges forward.
I'll have to say, I mean, I was quite skeptical of this whole AI revolution. I thought it was a bit overhyped and overbaked. But I've kind of changed my view on that. And this is just anecdotal, but just through personal use of these AI interfaces. I mean there has been a vast and breath taking improvement in what this technology can do. You know, whether we're dealing with health wellness from a personal perspective or your favorite macroeconomic modeling.
I mean, it's it's like having fifty research assistants at your disposal and you don't even have to be nice to them.
So Paul asked a question of Michael Darta, And what you don't see is when I'm talking, Paul Sweeney's doing research to move forward the program. When Paul's talking, I'm doing research. So Paul asked Dart a question, and I typed in Google Gemini and I went to a Blenchard con paper of a zillion years ago on linear rational algebra, very very academic PhD. And there was all laid out, including DSGE, which is what Richard Clare has acclaimed for the vice chairman, who will join us today on the
FED show. I'm with data using AI. It's sobering. We're out across the nation. This podcast on Apple, on Spotify, and on YouTube podcasts. This is a single best idea