# AI, Policy Easing and a Shifting Risk Premium

Page: https://stenobird.com/podcast/macro-pulse-6609925/ai-policy-easing-and-a-shifting-risk-premium
Text version: https://stenobird.com/podcast/macro-pulse-6609925/ai-policy-easing-and-a-shifting-risk-premium.md
Podcast: [Macro Pulse](https://stenobird.com/podcast/macro-pulse-6609925)
Published: 2026-02-19T05:30:58+00:00
Episode link: https://haveranalytics.podbean.com/e/ai-policy-easing-and-a-shifting-risk-premium/
Audio file: https://mcdn.podbean.com/mf/web/bmsmwj4ii322rq2e/Feb_19_podcast_v3-esv2-79p-bg-45p7td6g.mp3
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JSON: https://stenobird.com/v1/public/podcasts/macro-pulse-6609925/episodes/ai-policy-easing-and-a-shifting-risk-premium
Duration seconds: 780

## Resource

Recent weeks have seen renewed market swings — a softer US dollar, rotation within equities and shifting rate expectations — as investors reassess valuations, policy risks and the durability of US exceptionalism. Yet a consistent macro thread runs through our charts this week. This week’s themes include: The US risk premium Bank lending growth Producing AI versus Using AI Asia’s industrial production and AI US orders of high tech products Emerging market portfolio flows

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## Transcript

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