Goldman's Hatzius and Snider on the Outlook for 2026
Odd Lots
Bloomberg
4.5 • 2K Ratings
🗓️ 29 December 2025
⏱️ 51 minutes
🧾️ Download transcript
Summary
2025 was an extraordinary year, with the real economy defying recession worries and equity markets putting up monster returns. So can this be repeated again in 2026? On this episode, we speak with two of the top minds at Goldman Sachs. Jan Hatzius is the bank's chief economist and head of research and Ben Snider is its chief US equity strategist. We review what really happened in 2025, talking about the impact of both AI and the tariffs, as well as how these factors will impact the real economy and stocks next year.
Read more:
Larry Ellison, Not Elon Musk, Was The Tech Titan Who Defined 2025
Why 2026 Is Poised to Be Another Rocky Year for Global Trade
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Transcript
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| 0:00.0 | You're being sold an AI future where you're obsolete or irrelevant. |
| 0:04.0 | That vision is wrong. |
| 0:06.0 | At Palantir, they're building AI that helps workers and unlocks their full potential. |
| 0:12.0 | American workers are our nation's greatest strength. |
| 0:16.0 | AI shouldn't eliminate them. It should elevate them. |
| 0:19.0 | Palantir is here to tell their stories. From factories |
| 0:23.0 | to hospitals, AI is freeing people from drudgery, letting them do what humans do best. Create, solve, |
| 0:31.0 | build. Palantir, making Americans irreplaceable. Hey, Max Schaffkin here. On the latest episode of Bloomberg's Everybody's Business, Stacey Vanek-Smith and I have gathered the best and brightest of business podcasting. We're going to dissect the biggest stories of 2025. That's right. We are talking with Oddlots, Tracy Alloway, Felix Salmon of Slate Money, and Robert Smith of Planet Money. But TikTok, to be clear, has been banned all year. |
| 0:56.3 | It's a law. |
| 0:57.3 | It's a law. |
| 0:58.5 | It is a law of the United States of America. |
| 1:01.0 | It was such a good time. |
| 1:02.0 | It was a good time. |
| 1:03.3 | You can find everybody's business wherever you get your podcasts. |
| 1:09.2 | Bloomberg Audio Studios. |
| 1:11.4 | Podcasts Radio News. |
| 1:13.8 | Hello and welcome to another episode of the Odd Lots podcast. I'm Tracy Allaway. |
| 1:29.1 | And I'm Joe Wisenthal. |
| 1:30.4 | Joe, we always start these the same with someone saying it's that time of year. |
| 1:35.0 | And then it's the most wonderful time of year. |
| 1:36.6 | That's right. Never changed this intro. |
| 1:38.8 | 2026 forecast season. |
... |
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