The Old Normal: Macro Shocks Amid War, AI, and Economic Rivalries | The Outhinking Investor

Dalip Singh: Host, Chief Global Economist at PGIM. Experienced in global macroeconomics, policy strategy, and financial market dynamics.
Mark: Guest, prominent economist and policy advisor. Former White House advisor during the Bush administration and a recently reported candidate for Federal Reserve Chair. Specializes in independent, objective macroeconomic and fiscal analysis.

The Old Normal: Macro Shocks Amid War, AI, and Economic Rivalries | The Outhinking Investor | PGIM · Nuggets

Data Point	Value	Context	Timestamp
US Wealth Creation	~$10 Trillion / year	The primary growth engine driving the US economy.	[00:03:31]
Consumption Effect	~$400 Billion / year	Annual boost to consumption from the wealth effect.	[00:03:39]
Wealth Consumption Ratio	4 Cents	Consumers spend ~4 cents for every $1 of wealth created.	[00:05:11]
AI S&P 500 Exposure	50% / $30 Trillion	Proportion of S&P 500's total $60T market cap tied to AI.	[00:05:00]
US Resident AI Exposure

The Old Normal: Macro Shocks Amid War, AI, and Economic Rivalries | The Outhinking Investor | PGIM