Listen carefully. Can you hear the rhythm in the markets? Not just in the

syncopations triggered by inflation, but in the preludes leading to global elections, in the

dissonance that moves the Nik and the rise in course conducted by AI. There's music in markets and if you want to learn to listen for it

we'll show you how. Learn more at bloomburg.com. Bloomberg Audio Studios.

Podcasts, Radio News.

Single best idea and what's so interesting about the guests from guests to

guest to guest is to pay attention to their lineage, their background, how they became notorious or famous or both.

Today is a tour of force.

It is two moments with James Glassman.

First of all, there's two James Glassman.

It's wicked confusing.

There's James Glassman, wonderful academic,

on Dow 36,000 in the uproar years ago with a wonderful book.

This is a different Jim Glassman. This is Jim Glassman who was legendary at

J.P. Morgan. Like a lot of retired economists, he's like pseudo-fake

retired. He delivered a 49-page PowerPoint for his retired interview.

But Jim Glassman today, and the first idea here is really important.

Dr. Glassman came out of Northwestern and the crucible of the combine of freshwater economics with Robert Gordon.

He's at a huge, huge respect for what we can't see in the labor market.

Here is Jim Glassman on your 2026- 2030 technology. You would think that if labor markets are so tight and you got people retiring and you would think

the wind would be at the back of the labor sector but in fact the share of

income going to them has come down from before the pandemic and really it's been

...