This week, we freeform on two topics: summer music festivals and the stock markets. Will has identified a very interesting bubble this summer, which is the rapid cancellation of music festivals. Perhaps because supply got ahead of demand or perhaps because of extraneous factors, we wanna look into why so few people want to be standing out in their field or outstanding in their field. We're also gonna talk a little bit about the way in which random comments from politicians are roiling the stock markets.

For more on Bubble Trouble, including transcripts of the show, visit us online at http://bubbletroublepodcast.com

You can learn more about Richard at https://www.linkedin.com/in/richard-kramer-16306b2/

More on Will Page at: https://pivotaleconomics.com

(Times below correspond to the episode without considering any inserted advertisements.)

In this episode of Bubble Trouble, economist Will Page and independent analyst Richard Kramer discuss the rapid cancellation of music festivals amidst the backdrop of a post-pandemic economic squeeze and over-supply of events. They detail the impact on the live music ecosystem, examining how financial constraints and shifting consumer choices are reshaping the market. Additionally, they delve into how random political comments are affecting the stock markets, with a specific focus on a recent market wobble triggered by remarks from Donald Trump and the narrowing breadth of tech stock support. The episode links the volatility in both the live music industry and financial markets, providing a comprehensive analysis of the current economic landscape.

00:00 Introduction to Bubble Trouble

00:58 Part One

00:58 The Decline of Music Festivals

02:09 Supply and Demand in Live Music

04:14 Economic Factors Affecting Festivals

07:29 The Impact on the Music Ecosystem

08:38 Dynamic Pricing and Ticketing Issues

15:44 The Future of Live Music and Festivals

20:33 Part Two

21:10 Market Turmoil: What's Happening?

22:39 The Fragility of the Market

23:37 Political Impact on Markets

24:12 Investor Reactions and Strategies

29:56 Global Market Contagion

33:23 The Tech Sector's Wild Ride

34:40 Political Volatility and Market Uncertainty

41:44 Credits

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Today we’ve got a guest who's been doing our job for decades. Andrew Orlowski is a writer who has followed the technology industry for two decades, so he’s see the hype cycle peak and trough many times.

For more on Bubble Trouble, including transcripts of the show, visit us online at http://bubbletroublepodcast.com

You can learn more about Richard at https://www.linkedin.com/in/richard-kramer-16306b2/

More on Will Page at: https://pivotaleconomics.com

(Times below correspond to the episode without considering any inserted advertisements.)

In this episode of Bubble Trouble, hosts Richard Kramer and Will Page are joined by veteran technology journalist Andrew Orlowski. They delve into the recurring market bubbles and dissect the relentless hype surrounding AI and machine learning. Orlowski discusses his track record in identifying technology bubbles and shares his skepticism about the transformative claims made about AI, comparing it to historical overhyped innovations like the metaverse and cryptocurrency. The discussion also touches on the implications of AI on productivity, labor markets, and the economy at large, highlighting the disconnect between policy elites’ expectations and real-world applications. Throughout, the panel emphasizes the broader societal impacts and the role of critical scrutiny in understanding technological advancements.

00:00 Introduction to Bubble Trouble

00:44 Part One

00:49 Meet Andrew Orlowski

01:43 The Origins of Bubble Trouble

02:06 Spotting Bubbles: Andrew's Track Record

02:39 Google's Market Manipulation

07:00 The AI Hype Cycle

12:08 AI's Economic Impact and Skepticism

19:10 The Future of AI and Technology

26:13 Debunking the Efficiency Myth in Tech Companies

26:39 The Role of AI in Financial Markets

28:10 AI Skepticism and the Hype Cycle

28:20 Part Two

29:02 The Future of Chatbots and Machine Learning

30:06 Public Skepticism vs. Elite Optimism

35:54 The Nature of Work and Productivity

42:13 The Middle Class Advantage in the Modern Workplace

45:40 The AI Bubble and Its Implications

49:01 Smoke Signals: Red Flags in the AI Industry

51:19 Conclusion and Final Thoughts

51:51 Credits

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[Repeat from November, 2023.]

For more on Bubble Trouble, including transcripts of the show, visit us online at http://bubbletroublepodcast.com

You can learn more about Richard at https://www.linkedin.com/in/richard-kramer-16306b2/

More on Will Page at: https://pivotaleconomics.com

(Times below correspond to the episode without considering any inserted advertisements.)

In this engaging episode of Bubble Trouble, hosts Richard Kramer and Will Page welcome Liam Maxwell, former Chief Technology Officer for the British government and current AWS Senior Advisor, to delve into the transformative potential of the cloud. Together, they break down how cloud-based technologies are revolutionizing different sectors, from governments to private enterprises. Exploring clear cases such as the Ukrainian war situation or the everyday banking experience in Singapore, they highlight the impressive efficiency, flexibility, and speed offered by the cloud. The discussion also touches on the major productivity gains the cloud provides, the importance of building services centered on user needs, and how the digital economy is captured by government indices.

00:00 Introduction

01:14 Part One

01:32 Interview with Liam Maxwell

01:54 Liam's Journey in Tech and Government

02:25 The Impact of Cloud on Government Services

06:40 The Transition from Traditional IT to Cloud

15:25 The Role of AI in Cloud Adoption

19:24 The Ukraine War and the Role of Cloud

20:35 The Process of Moving Ukraine's Data to the Cloud

27:56 Reflections on the Impact of Cloud Technology

29:33 The Power of Decision Making in Amazon

30:26 Reflections on the UK Government's Test and Trace App

30:58 Part Two

31:27 The Impact of Cloud Technology on Productivity

32:01 The Economic Value of Cloud Technology

33:33 The Paradox of Technological Efficiency and Economic Growth

35:38 The Invisible Contributions of Transformative Technology

37:04 The Role of Cloud Technology in Government Services

39:00 The Challenges of Measuring the Impact of Tech Jobs

39:19 The Potential of Cloud Technology in Enhancing Public Services

51:57 The Impact of Tech Neologisms on Service Delivery

55:23 Closing Remarks and Reflections

56:25 Credits

Hosted on Acast. See acast.com/privacy for more information.