# The Old Normal: Macro Shocks Amid War, AI, and Economic Rivalries

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Text version: https://stenobird.com/podcast/the-outthinking-investor-with-daleep-singh-4270349/the-old-normal-macro-shocks-amid-war-ai-and-economic-rivalries.md
Podcast: [The Outthinking Investor with Daleep Singh](https://stenobird.com/podcast/the-outthinking-investor-with-daleep-singh-4270349)
Published: 2026-04-07T10:00:00+00:00
Episode link: https://blm5757040378.libsyn.com/the-old-normal-macro-shocks-amid-war-ai-and-economic-rivalries
Audio file: https://traffic.libsyn.com/secure/blm5757040378/OI-_Marc_Sumerlin_V4.mp3?dest-id=3239798
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JSON: https://stenobird.com/v1/public/podcasts/the-outthinking-investor-with-daleep-singh-4270349/episodes/the-old-normal-macro-shocks-amid-war-ai-and-economic-rivalries
Duration seconds: 1403

## Resource

Marc Sumerlin, Managing Partner at Evenflow Macro and former Deputy Director of the White House National Economic Council under President George W. Bush, joins Daleep Singh for a conversation about economic transformation on this episode of PGIM's The Out thinking Investor. Daleep and Marc talk about macro shocks stemming from the Iran war, how U.S. budget deficits will influence policy rates and the economy, and the relationship between monetary and fiscal authorities in a new age of economic competition. The discussion also covers: The impact of tariffs and AI on the labor market Monetary policy challenges when navigating an energy shock The future of the U.S.-China trade relationship

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## Transcript

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