# Ep. 371: Paul Krake on AI's Post-Cyclical World, 10% Unemployment Risks, and the End of Friction

Page: https://stenobird.com/podcast/macro-hive-conversations-with-bilal-hafeez-524900/ep-371-paul-krake-on-ai-s-post-cyclical-world-10-unemployment-risks-and-the-end-of-friction
Text version: https://stenobird.com/podcast/macro-hive-conversations-with-bilal-hafeez-524900/ep-371-paul-krake-on-ai-s-post-cyclical-world-10-unemployment-risks-and-the-end-of-friction.md
Podcast: [Macro Hive Conversations With Bilal Hafeez](https://stenobird.com/podcast/macro-hive-conversations-with-bilal-hafeez-524900)
Published: 2026-08-14T09:26:00+00:00
Episode link: https://macrohive.libsyn.com/ep-371-paul-krake-on-ais-post-cyclical-world-10-unemployment-risks-and-the-end-of-friction
Audio file: https://traffic.libsyn.com/secure/macrohive/MH_w_KRAKE.mp3?dest-id=1929056
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JSON: https://stenobird.com/v1/public/podcasts/macro-hive-conversations-with-bilal-hafeez-524900/episodes/ep-371-paul-krake-on-ai-s-post-cyclical-world-10-unemployment-risks-and-the-end-of-friction
Duration seconds: 2816

## Resource

Paul Krake is an investor, strategist, and independent researcher with three decades across macroeconomics, policy, and capital markets. In 2011 , he founded the research platform View from the Peak after macro roles at Corus Capital, Caxton Associates, Moore Capital, Goldman Sachs, and Macquarie Bank. In this podcast, we discuss: The "Post-Cyclical" Economy The Reduction of Economic Friction Margins vs. Labour Share The Path to 10% Unemployment The "Lucas Tree" Multiple Problem Golden Age of Equity Investing The "55-Year-Old Man" Advantage Advice for Graduates: Atoms vs. Bits

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## Transcript

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