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Dylan Smith

Dylan Smith

Founder & Chief Economist at arcMacro, specializing in macroeconomic analysis for private markets

Jun 1, 2026

0:58
the news media's fault because that's their natural lens as they report.
1:01
But I think people aren't sophisticated enough at separating fundamental kind of macro-driven cyclical and structural processes from what the politicians are doing.
1:10
And you get this bleed over where you're trying to attribute all this macro stuff often to policy and to presidential decisions and presidential priorities, what have you, when actually often those are responding to a macro situation that already exists.
1:25
Which is not to say a politician can't change the world very quickly.
1:27
They can.
1:28
They can invade a country, for instance, as we're seeing, or decide to put a blockade in place or whatever.
1:33
So it doesn't matter.
2:27
It's not open or closed.

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