# The Downside Risks

Page: https://stenobird.com/podcast/macro-pulse-6609925/the-downside-risks
Text version: https://stenobird.com/podcast/macro-pulse-6609925/the-downside-risks.md
Podcast: [Macro Pulse](https://stenobird.com/podcast/macro-pulse-6609925)
Published: 2025-12-11T13:46:54+00:00
Episode link: https://haveranalytics.podbean.com/e/the-downside-risks/
Audio file: https://mcdn.podbean.com/mf/web/2v36bdezrq4qdhcc/December_11th_podcast_good-esv2-75p-bg-47p8ww9k.mp3
Processing state: not_requested
JSON: https://stenobird.com/v1/public/podcasts/macro-pulse-6609925/episodes/the-downside-risks
Duration seconds: 592

## Resource

As 2025 draws to a close, the global economy heads into 2026 with a surprisingly resilient backdrop: equities remain near cycle highs, volatility is low, and growth forecasts have been edging up. Against this constructive backdrop, our charts this week focus on some of the key downside risks that concern: The global growth consensus Central bank policy calibration Financial market stability AI expectation versus reality Global trade disruption Geopolitical risks

## Actions

- request_transcript: `POST https://stenobird.com/v1/public/podcasts/macro-pulse-6609925/episodes/the-downside-risks/transcription-requests` — Idempotently request low-priority transcript generation for this episode.
- read_markdown: `GET https://stenobird.com/podcast/macro-pulse-6609925/the-downside-risks.md` — Read the agent-friendly Markdown representation of this episode resource.

A page view does not enqueue transcription. Agents should invoke `request_transcript` explicitly when they need this episode processed.

## Transcript

Full transcripts are not published on public pages unless there is a clear rights basis.