Newport Legacy Insights featuring Marc Foster
Aug 4, 2026 · 0 min · 8 segments
In this episode of Newport Legacy Insights, Marc interviews three UBS analysts to assess how the AI economy will affect productivity, GDP growth, and our quality of life
Kevin DineenGuestEric PodekerGuestThis is Mark Foster of the Newport Legacy Group bringing you another episode of Newport Legacy Insights.
Today's podcast may be a bit longer than normal since I have three terrific guests.
I have Kevin Dineen, our technology analyst, Eric Podeker, our healthcare analyst, and Andrew Dubinsky, our wealth management economist.
What brought this to my attention was the potential conflicting view within our global organization between two economists, that being Paul Donovan in London and Andrew Dubinsky here in the United States.
Our global economist, Paul Donovan, wrote a blog piece on July 17th titled, The Danger of Depending on Productivity.
On July 6th, Jason Draio and Andrew Dubinsky wrote a report titled, A Roadmap for the AI Economy.
They are modest so far, but AI could add as much as 1% to the long-term average of 2%.
Jason's tone and Andrew's tone, their tone is clearly more optimistic than what Paul Donovan believes.
But before we jump into the discussion with the three of them, I want to give you a little update on the market because our friend David Lefkowitz just put out a new blog piece.
He stated his view for the year, for the year end, for the S&P is 7,900 to 8,200, which would produce a overall return of 17% to 18% for the year.
So he stated that the market has lagged due to concerns about interest rates and oil prices.
So without further ado, though, let's jump into our investigation of what the possible productivity effects could be that will impact our new AI economy.
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This is Mark Foster of the Newport Legacy Group bringing you another episode of Newport Legacy Insights.
Today's podcast may be a bit longer than normal since I have three terrific guests.
I have Kevin Dineen, our technology analyst, Eric Podeker, our healthcare analyst, and Andrew Dubinsky, our wealth management economist.
What brought this to my attention was the potential conflicting view within our global organization between two economists, that being Paul Donovan in London and Andrew Dubinsky here in the United States.
Our global economist, Paul Donovan, wrote a blog piece on July 17th titled, The Danger of Depending on Productivity.
On July 6th, Jason Draio and Andrew Dubinsky wrote a report titled, A Roadmap for the AI Economy.
They are modest so far, but AI could add as much as 1% to the long-term average of 2%.
Jason's tone and Andrew's tone, their tone is clearly more optimistic than what Paul Donovan believes.
But before we jump into the discussion with the three of them, I want to give you a little update on the market because our friend David Lefkowitz just put out a new blog piece.
He stated his view for the year, for the year end, for the S&P is 7,900 to 8,200, which would produce a overall return of 17% to 18% for the year.
So he stated that the market has lagged due to concerns about interest rates and oil prices.
So without further ado, though, let's jump into our investigation of what the possible productivity effects could be that will impact our new AI economy.
