PE

Peter St Onge Podcast

Peter St Onge, Ph.D

Ep 150 Weekly Roundup: Deficit Hits All-Time Record

Dec 8, 202520 min

About This Episode

Roundup of the Week's Top Stories in Economics and Freedom

  • Deficit Hits All-Time Record
  • How Japan and El Salvador Ended Violent Crime
  • Median Homebuyer hits 59 Years Old
  • 1 in 4 Canadians now Work for Government
  • MIT: AI Can Already Replace 1 in 8 Jobs
     

Read the full article "AI Can Already Replace 1 in 8 Jobs" at https://www.profstonge.com/

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More Episodes

Ep 175 Weekly Roundup: Gen Z Can’t Afford Instant Ramen

Jun 1, 202622 minSummary

In this episode of the Peter St Onge Podcast, the host explores the disconnect between strong macroeconomic indicators and the widespread pessimism among Generation Z. Despite low unemployment and high GDP growth, a recent survey shows that the vast majority of young Americans view the economy as terrible. St Onge attributes this frustration to a combination of stagnant wages, crushing student debt, and a housing market where median costs have doubled, forcing many young adults into shared living arrangements. The discussion extends to corporate and global trends, specifically the pushback against diversity initiatives in the workplace and the shifting political sentiments in Europe regarding mass migration. St Onge highlights a growing trend among business leaders and billionaire figures, including Jeff Bezos and Elon Musk, who are increasingly advocating for deregulation, fiscal restraint, and a pivot away from bureaucratic, ideology-driven corporate management. Finally, the episode examines the unusual resilience of the stock market amidst geopolitical conflict in Iran. St Onge explains how the modern economy’s heavy reliance on technology rather than oil has altered traditional market reactions, noting that Federal Reserve policies now carry more weight with investors than global military instability.

Ep 174 Weekly Roundup: American Oil Saves the World

May 25, 202620 minSummary

In this episode of the Peter St Onge Podcast, the host provides a weekly roundup focused on the current state of the global economy, the energy sector, labor markets, and political trends. The discussion begins with an analysis of the global oil market, highlighting how American oil production—which surged despite geopolitical tensions near the Strait of Hormuz—effectively prevented an energy catastrophe. St Onge explains how increased American exports and energy efficiency measures in Asia helped stabilize global oil prices, countering initial expert predictions of a severe supply shock. The episode then shifts to the shifting labor market, specifically regarding the surge in tech and finance layoffs. St Onge examines how the push toward artificial intelligence is impacting white-collar employment, while suggesting that future opportunities may lie in skilled trades and personal services. Furthermore, the host critiques current immigration policies, advocating for a merit-based system that prioritizes economic contribution over welfare dependency. The episode concludes with a critical look at the American political landscape, arguing that special interest groups often supersede voter preferences, and suggests that decentralizing power from the federal government to state and local levels may be the only way to restore true representation.

Ep 173 Weekly Roundup: Alberta May Break Away From Canada

May 18, 202622 minSummary

In this episode of the Peter St Onge Podcast, the host provides a comprehensive weekly roundup on the intersection of economics, politics, and global affairs. A major focus is placed on the growing independence movement in Alberta, Canada. St Onge explores why the province, often viewed as Canada’s energy-rich economic engine, is increasingly at odds with the federal government in Ottawa over issues like natural resources, firearm rights, and free speech. He discusses the potential for Alberta to either pursue full independence or seek statehood within the United States. The episode also analyzes the latest U.S. employment data, arguing that the economy is experiencing a blue-collar renaissance driven by factory onshoring and the physical requirements of building data centers for artificial intelligence. St Onge contrasts this with the struggles of the legacy media and white-collar sectors. Furthermore, the discussion covers the rise of populist parties in British local elections and the shifting political landscape of U.S. congressional redistricting. Finally, the host critiques a United Nations proposal regarding colonial reparations, arguing that historical colonialism provided economic and cultural infrastructure that has historically benefited the countries involved.

Ep 159 Weekly Roundup: Trump Picks "Inflation Hawk" Fed Chair

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Ep 158 Weekly Roundup: Inflation Drops to 1.2%

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Ep 157 Weekly Roundup: Trade Deficit Drops in Half

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Ep 156 Weekly Roundup: Best December Ever for American Jobs

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Ep 155 Weekly Roundup: Will Venezuela deliver $2 gas?

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Ep 154 Weekly Roundup: $1.5 Trillion in Welfare Fraud

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Ep 153 Weekly Roundup: Voters Losing Patience with Inflation

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