{"version":1,"type":"rich","provider_name":"Libsyn","provider_url":"https:\/\/www.libsyn.com","height":90,"width":600,"title":"Ep. 347: Rapha\u00ebl Gallardo on Austrian Economics, Wobbling AI Bubbles, and Trump Risk Parity","description":" Rapha\u00ebl Gallardo is Chief Economist within the Cross-Asset team at Carmignac. Carmignac is a leading European investment management boutique established in 1989, with over EUR 40 bn in assets under management. Rapha\u00ebl joined them in 2018. He started his career in 1997 at BNP Paribas, where he spent ten years as a Quantitative Analyst within the Risk Department, a Country-risk Economist, a Financial Engineer specialising in interest rate risk, and ultimately a cross-asset strategist. In 2007, he joined Axa IM as Head of Macroeconomic Research and moved to Rothschild & Cie Gestion in 2012 to occupy the same position. From 2013 to 2018, he was Cross-Asset Strategist at Ostrum Asset Management. Rapha\u00ebl holds an Engineering Degree from \u00c9cole Nationale Sup\u00e9rieure des Mines de Paris. In this podcast, we discuss: Austrian Economics Framework Three "Wobbling" Bubbles The "Sad" AI Bubble Trump Risk Parity Portfolio Spain\u2019s "Virtuous Circle" France\u2019s Fiscal Existential Risk Japan\u2019s Vicious Circle China\u2019s Dual Economy Death of the Risk-Free Asset 2026\u20132027 Outlook  ","author_name":"Macro Hive Conversations With Bilal Hafeez","author_url":"https:\/\/macrohive.com\/","html":"