In today’s ever-changing world, investors should challenge old assumptions and think outside the box. 

Markets trade on more than just economic data. They trade on geopolitics, technology, policy, and elections. In a world searching for a new equilibrium, old assumptions are expensive mistakes. Daleep Singh, Vice Chair and Chief Global Economist at PGIM, has spent his career at the intersection of markets and policy, from the U.S. Treasury and Federal Reserve to the White House. Now, Daleep is sharing his perspectives with you. On PGIM’s The Outthinking Investor, Daleep sits down with prominent economists, technologists, policymakers, and market veterans to map out the full distribution of what comes next—and why it matters.

Season 6

Episode 5

Beyond the Battlefield: Chokepoints in the Age of Economic Warfare

Global conflicts are increasingly playing out in the economic arena, not just on the battlefield. The war in Iran represents a collision of both. Physical and financial chokepoints can be used for strategic leverage, but they also create potential vulnerabilities. To unpack how and why economic warfare is reshaping the macro landscape, Daleep Singh speaks with Edward Fishman, author of "Chokepoints: American Power in the Age of Economic Warfare."
 

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Episode 5
Episode 4

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

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.  
 

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Episode 2
Episode 3

Second Order Effects – From Iran to China: A Live Conversation with Dr. Kurt Campbell

Daleep welcomed Kurt for an in-depth look at the U.S.-China relationship and the Iran war’s implications for Asia-Pacific. Speaking in front of a live audience, they also discussed how geopolitical shifts are reshaping economies, strategic leverage lurking in critical supply chains, and the outlook for Japan.
 

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Episode 4
Episode 2

Follow the Money: Inside the World’s Financial Plumbing

Daleep Singh catches up with Brad Setser, Whitney Shepardson senior fellow at the Council on Foreign Relations and former senior adviser to the U.S. Trade Representative, to gather his perspectives on how entrenched imbalances are translating into strategic leverage between economic powers.

 

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Episode 2
Episode 1

Rethinking Risk and Global Power with Jake Sullivan

Daleep Singh welcomes Jake Sullivan, the Kissinger Professor of the Practice of Statecraft and World Order at the Harvard Kennedy School and former U.S. National Security Advisor, for a conversation about the forces reshaping global power and what they mean for markets and investment strategy.

 

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Episode 1

Season 5

Episode 12

Cycles, Crises, And the Currency of Change with Ray Dalio

 

Ray Dalio sat down with PGIM’s George Patterson, Chief Investment Officer of Quantitative Solutions, for a conversation about anticipating the onset of big market cycles and constructing balanced portfolios for new regimes.

 

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Episode 11

The Rise of Geoeconomics: Power Dynamics Shaping Global Markets

 

This episode explores growth opportunities and potential challenges across the AI ecosystem, as experts discuss sectors poised to benefit from AI, the intense demand for AI infrastructure, strategies for managing obsolescence risk, and whether AI can deliver on expectations for productivity and returns. Guests include Richard Waters, Technology Writer-at-Large for the Financial Times, and Owen Hyde, Managing Director and Equity Research Analyst at Jennison.

 

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Episode 10

Factory Reset: Investing in the Future of Manufacturing

 

This episode features Robert Lawrence, Professor of International Trade at Harvard Kennedy School and former Council of Economic Advisors member; Julius Krein, editor of American Affairs and policy lead at the New American Industrial Alliance; and Josh Shipley, Head of Europe at PGIM. They discuss trade imbalances and tariffs, manufacturing’s role in the economy, reshoring challenges, and portfolio strategies amid a manufacturing renaissance.

 

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Episode 9

The Price of Policy: Taxes, Tariffs, and Capital Flows

 

This episode features Douglas Holtz-Eakin, President of the American Action Forum and former CBO Director; Kimberly Clausing, former lead economist in the US Treasury; and Jeffrey Young, Head of Investment Strategy for PGIM’s quant team. They explore the macro implications from taxes and tariffs, how policy changes are shaping how investors allocate capital, and why economic growth could be more resilient against higher tariffs than in the past.

 

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Episode 8

Staying the Course: The Power of Long-Term Thinking in Volatile Markets

 

This episode of The Outthinking Investor features Barry Ritholtz, CIO of Ritholtz Wealth Management and author of How Not to Invest; Scott Bok, former CEO of Greenhill & Company and author of Surviving Wall Street; and Jim Devaney, PGIM’s Head of US Distribution for the retail market. They explore lessons from Wall Street, economic resilience, ETF growth, tax-loss harvesting, and strategies for navigating uncertainty and seizing long-term opportunities.

 

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Episode 7

The Rise of Geoeconomics: Power Dynamics Shaping Global Markets

 

This episode of The Outthinking Investor features Matteo Maggiori, finance professor at the Stanford Graduate School of Business, Joseph Nye, former Dean of Harvard University’s Kennedy School of Government, and Mehill Marku, Lead Geopolitical Analyst at PGIM, as they discuss how investors can measure their portfolio’s exposure to geoeconomic shifts, which economies and sectors might benefit from a realignment in supply chains and strategies to mitigate risk while seizing new opportunities.

 

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Episode 6

Balancing Growth, Costs, and Geopolitics in Airlines

 

Oscar Munoz, former United Airlines Chairman and CEO, Jack Fitzsimmons, credit analyst on PGIM Fixed Income’s US Leveraged Finance Credit Research team, and Sean Goodier, credit analyst on PGIM Fixed Income’s European Investment Grade Credit Research team, explore how airlines are addressing a host of business challenges, from the threat of aircraft tariffs to volatile fuel costs and customer demand.

 

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Episode 5

Tariffs, Sanctions & Chokepoints: Investing in an Age of Economic Warfare

 

Edward Fishman, author of “Chokepoints: American Power in the Age of Economic Warfare”, Katharine Neiss, PGIM Fixed Income’s Deputy Head of Global Economics and Chief European Economist, and Jeff Rathke, President of the American-German Institute at Johns Hopkins University, explore how economic warfare, national security concerns, and friend-shoring in global trade are creating new implications for investors to consider.

 

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Episode 4

Trading Up: How Active ETFs Revolutionized Investing

 

Guests Matt Collins, CFA, Head of ETFs at PGIM Investments; Eric Balchunas, Senior ETF Analyst at Bloomberg Intelligence and author of The Institutional ETF Toolbox; and Dave Nadig, independent financial futurist and former CEO of ETF.com, discuss the ongoing evolution of the ETF landscape, driven by the rapid growth of active ETFs and a widening array of investment options.

 

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Episode 3

Raising the Stakes: Investing and the Art of Risk Taking

 

Guests Annie Duke, a decision scientist, former world-class professional poker player, and author of “Quit”; Tina Lindstrom, Head of Oil Derivatives Trading for North America at Marex; and Adam Papallo, Head of Implementation Research at PGIM Quantitative Solutions, deliver insights on the benefits of probabilistic thinking and the best methods for analyzing portfolio decisions.

 

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Episode 2

The New Arms Race: Supply Chains, Data, and National Security

 

Guests Chris Miller, author of the book Chip War; William Reinsch, Scholl Chair in International Business at the Center for Strategic and International Studies; and Morgan Laughlin, Global Head of Data Center Investments at PGIM Real Estate, discuss the opportunities, challenges, and security considerations amid rapid AI innovation and a global battle for technological supremacy.

 

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Episode 1

Against the Grain: Challenging Conventional Wisdom for Better Outcomes

 

Amid economic volatility, investors can strengthen their portfolios by questioning conventional thinking and focusing on long-term strategies. Philipp Carlsson-Szlezak, Global Chief Economist at Boston Consulting Group, and Robert Tipp, Chief Investment Strategist at PGIM Fixed Income, offer expert insights to guide these critical decisions.

 

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References to specific companies are for illustrative purposes only and should not be interpreted as recommendations to purchase or sell securities. PGIM and its affiliates may hold positions in the securities of companies referenced herein.

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