Inflation, AI, Trump & Gold with Economist David Bassanese
Equity Mates Investing Podcast
AI: Boom Now, Bubble Later?
David argues AI investment is large but not yet a bubble, comparing valuations and IPO activity to past tech booms.
Bryce and Ren bring in someone who lives in the data every day: David Bassanese, Chief Economist at Betashares, to help cut through what matters (and what doesn’t) for investors heading into 2026.
They unpack five big macro themes dominating markets including inflation, AI, commodities, Trump/tariffs, and China.
In this episode:
00:34 Making sense of macro noise with David Bassanese
01:39 Why the outlook is still constructive heading into 2026
03:26 Inflation update: trimmed mean, housing pressure & RBA risk
07:26 AI boom vs bubble: where are we in the cycle?
10:18 Commodities: gold, copper, uranium and what’s really driving prices
12:54 Trump, tariffs & the US economy: what’s priced in now
18:58 China, Japan & the “Great Rotation” beyond the US
32:45 Sleep-at-night investing: portfolio positioning for the long term
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Stocks & ETFs mentioned: BHP Group (ASX:BHP), Fortescue (ASX:FMG), REA Group (ASX:REA), Nvidia (NASDAQ:NVDA), Alibaba (NYSE:BABA), Tencent (HKEX:0700), Betashares Japan Currency Hedged ETF (ASX:HJPN), BetaShares NASDAQ 100 ETF (ASX:NDQ).
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