Hey there, listeners.
I hope you all had a relaxing and restful holiday season.
For our first show of 2026, I'm excited to share that we have my colleague Martin Wolf back on.
He's the FT's chief economics commentator,
and he's joining me on the show to help me and you understand what to expect in 2026.
To do that,
we're going to talk about some of the biggest economic stories of 2025 and what Martin expects to see in the coming year,
in areas ranging from AI to trade policy.
I should say, Martin and I had this conversation before U.S.
forces captured Venezuelan leader Nicolas Maduro,
an event that we'll be covering closely here at the FT.
I'm Michaela Tindera, and this is Behind the Money.
Hi Martin, welcome back to the show.
It's a pleasure to be with you.
Glad to have you.
Let's start off with possibly the topic of 2025, artificial intelligence.
It's been the all-encompassing story of the past, you know, say 24 months, if not more.
All of the excitement and hype around AI has been driving up the stock market,
and it's led lots of people to ask the question, are we in a bubble?
Martin, where are these fears that a bubble has formed coming from?