Uploaded July 2025 | Updated September 2026, 1 hour ago
This week, Noah Smith and Erik Torenberg analyze recent global events—from a political shift in New York to the Israel-Iran conflict—while exploring U.S.-China economic dynamics, evolving industrial policies, and the risk of a recession. The conversation also touches on historical economic shifts, tariffs, and manufacturing trends.
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SPONSORS:
NetSuite
More than 42,000 businesses have already upgraded to NetSuite by Oracle, the #1 cloud financial system bringing accounting, financial management, inventory, HR, into ONE proven platform. Download the CFO's Guide to AI and Machine learning: netsuite.com/102
Shopify
Shopify is the world's leading e-commerce platform, offering a market-leading checkout system Shoppay and exclusive AI apps. Nobody does selling better than Shopify. Get a $1 per month trial at shopify.com/momentofzen.
AdQuick
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SEND US YOUR Q's FOR NOAH TO ANSWER ON AIR: Econ102@Turpentine.co
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FOLLOW ON X:
@noahpinion
@eriktorenberg
@turpentinemedia
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RECOMMENDED IN THIS EPISODE:
China's industrial policy has an unprofitability problem: https://www.noahpinion.blog/p/chinas-industrial-policy-has-an-unprofitability
Noahpinion: https://www.noahpinion.blog/
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TIMESTAMPS:
(00:00) Intro
(00:21) Disclosure
(01:26) Catch-up and recent events
(01:45) Discussion on New York's political landscape
(04:19) Middle East tensions and economic impacts
(07:47) Recession concerns and economic policies
(13:14) Sponsors: Shopify | Netsuites
(15:48) Industrial policies and manufacturing
(26:16) China's industrial overproduction
(27:19) Global impact of China's excess production
(29:04) China's industrial policy and global competition
(33:27) Sponsor: Adquick
(34:21) China's diplomatic missteps
(40:28) China's economic challenges and future outlook
(49:00) Wrap
This week, Noah Smith and Erik Torenberg analyze recent global events—from a political shift in New York to the Israel-Iran conflict—while exploring U.S.-China economic dynamics, evolving industrial policies, and the risk of a recession. The conversation also touches on historical economic shifts, tariffs, and manufacturing trends.
–
SPONSORS:
NetSuite
More than 42,000 businesses have already upgraded to NetSuite by Oracle, the #1 cloud financial system bringing accounting, financial management, inventory, HR, into ONE proven platform. Download the CFO's Guide to AI and Machine learning: netsuite.com/102
Shopify
Shopify is the world's leading e-commerce platform, offering a market-leading checkout system Shoppay and exclusive AI apps. Nobody does selling better than Shopify. Get a $1 per month trial at shopify.com/momentofzen.
AdQuick
The easiest way to book out-of-home ads (like billboards, vehicle wraps, and airport displays) the same way you would order an Uber. Ready to get your brand the attention it deserves? Visit adquick.com today to start reaching your customers in the real world.
–
SEND US YOUR Q's FOR NOAH TO ANSWER ON AIR: Econ102@Turpentine.co
–
FOLLOW ON X:
@noahpinion
@eriktorenberg
@turpentinemedia
–
RECOMMENDED IN THIS EPISODE:
China's industrial policy has an unprofitability problem: https://www.noahpinion.blog/p/chinas-industrial-policy-has-an-unprofitability
Noahpinion: https://www.noahpinion.blog/
–
TIMESTAMPS:
(00:00) Intro
(00:21) Disclosure
(01:26) Catch-up and recent events
(01:45) Discussion on New York's political landscape
(04:19) Middle East tensions and economic impacts
(07:47) Recession concerns and economic policies
(13:14) Sponsors: Shopify | Netsuites
(15:48) Industrial policies and manufacturing
(26:16) China's industrial overproduction
(27:19) Global impact of China's excess production
(29:04) China's industrial policy and global competition
(33:27) Sponsor: Adquick
(34:21) China's diplomatic missteps
(40:28) China's economic challenges and future outlook
(49:00) Wrap
