Welcome to the American Railroading Podcast! In this episode our host Don Walsh is joined by guest John Doggett – Professor at the University of Texas at Austin, McCombs School of Business, Management Department. Together they discuss the current state of the U.S. economy, the military action in Iran and its potential short-term and long-term effects, the partial government shutdown, the upcoming Fed Chair change and likelihood of rate cuts, the rapid growth of AI, areas of market growth to watch, and what it all means for the rail industry. Tune in to this episode to gain valuable insights and broaden your understanding of American Railroading! You can find this episode and more on the American Railroading Podcast's official website at www.AmericanRailroading.net , and watch our YouTube Channel at the link below. Welcome aboard!

KEY POINTS:
•The American Railroading Podcast remains in the Top 10% of all podcasts globally, now downloaded in 68 countries around the world!

•Having begun his teaching career in 1979, this will be Professor Doggett’s final year teaching full time as he will go down to teaching one spring semester a year at the University of Texas in Austin in 2027.

•Per Professor Doggett, one of the sobering things when you contemplate retiring is, you don’t realize how much of who you are is what you do.
Regarding the current political climate, John feels that it would be good to recall the words of President Clinton where he said regarding the most important thing to voters, “It’s the economy stupid”, which he believes will be reflected in the mid-term elections.

•With current Fed Chair Powell’s term ending soon, and assuming the President’s nominee Kevin Warsh is confirmed as his replacement, Professor Doggett gives his opinion on what Kevin Warsh’s priorities once taking the position over may be, and whether or not he feels there will be rate cuts in the remainder of 2026.

•Don and Professor Doggett discuss the military action in Iran, the blockage of the Strait of Hormuz, the short-term and long-term effects on the oil and gas markets, as well as when the military action may end.

•Professor Doggett explains in great detail why the low birth rate not only here in the U.S. but globally is so important and so concerning.

•Per Professor Doggett, AI is changing our world at a more rapid pace than anything he’s seen in his lifetime.

•According to Professor Doggett, if he were a betting man, the markets he would focus on would be….(You’ll have to listen or watch to find out).

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LINKS MENTIONED:
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