Had an insightful conversation this week covering some major economic shifts we're seeing play out. The discussion touched on how we're potentially entering a phase of accelerating growth paired with moderating inflation—quite different from the stagflation fears that dominated earlier. What's interesting is how AI-driven productivity breakthroughs are fundamentally rewiring how economies function and where efficiency gains might emerge.

We also dug into recent policy moves around housing and their ripple effects through credit markets. But perhaps most important: the geopolitical angle on energy and critical minerals. These aren't just commodities anymore—they're becoming central battlegrounds in global strategy, especially as nations compete for resources that underpin everything from semiconductor production to renewable infrastructure.

For traders and investors, these macro currents shape which assets perform in different regimes. Understanding the intersection of monetary policy, productivity cycles, and resource scarcity helps frame where capital flows next.