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Single best idea. We had Damien sassaur In to give us an incredibly detailed pro briefing on the dynamics of the rest of the world em and everyone bouncing off this news flow that we have, and then the magic of that is later on three or four guests later to have Nathan Sheets with us, the chief global economist for City Group, taking the same bouncing off all this news flow and trying to coalesce it into a global view. I thought it was just great to have sasaur back
to back with Sheets. Here's Nathan Sheets on the reality of a higher yield regime.
I certainly think we're in a place where a central banks are feeling pressured to be less accommodative and more restrictive than what we expected as the year began.
And I think the key driver there is that, on the one hand, this global economy continues to be quite resilient y how we've worked down our able forecast by a few tents, but inflation is going to be higher.
That's the hard of the matter. With the ambiguity of a high nominal excuse me, with a high nominal GDP and then what's the ambiguity. Do you get slow down resilience do you get actual a pickup in a global GDP here for that matter, for any other nation as well. I think it makes for an incredibly uncertain dash to the end of the year and into twenty twenty seven. And we'll just do the best we can with the conversation.
Ed Ludlow twenty four to seven. I love to bust this chops about his three hour workday out in San Francisco, and as you well know, that's beyond far from the truth. He's on the red Eye coming to sam coming to New York here after the Apple meetings. Ad Ludlow on technology and of course looking out to the weekends. News that Google got a memo from SpaceX.
Google is going to pay space Yeah, nine hundred and twenty five million dollars per month for compute. So there's the immediate story. SpaceX is a company that launches rockets, and on that rocket is some kind of payload for a public or private sector customer. Then in the very distance distant future it sells AI to enterprises. In the interim, everyone I speak to on the cat table is saying they are playing a blinder by hedging their bets becoming
a hyperscaler selling computing capacity. There are big questions about why don't they need their own, but yeah, this is interesting timing, pre pricing of trade.
My head is spinning. I'm trying to get smarter on this as we dashed for the week, and we're so advantaged by our equity desk, by our debt desk, and of course all that's going on in technology there with Ed Ludlow on podcasts, it's a technology on Apple and Spotify on YouTube podcasts and single best idea