People are feeling financially squeezed. I understand that on a relative basis that the US economy is doing much than most global economies. Buti inflation had been quite low for some time, people became used to it, we all did. Then inflation increased for several years so people experienced the compound effect in the painful direction. Home ownership costs increased - property taxes increased, homeowners insurance increased (along with car insurance), cost of goods and services also increased. So, it depends on your perspective. If zoom out and look at the world, then yes, things could be so much worse. But if zoom in, then people are feeling the effects of higher costs and honestly most wage growth not keeping up with the higher costs (unless in tech or other hot industry of the moment). Both can be true and both should be acknowledged and discussed and not neither should be dismissed. Both are relevant.
Great episode. Just a quick note: It's not just Meta taking little ownership of its ads and the moral compass of what they show to users. Alphabet bombards people our age with "get rich fast" ads with schemes that involve BTC/ETH "arbitrage". They collect those checks very happily. They don't mind that those ads are essentially scams. Or that these ads are falsely classified (e.g. as music videos) so that you cannot block the advertiser nor their category from seeing future ads.
OMG!!! THE REASON PEOPLE ARE DOWN ABOUT THE ECONOMY IS BECAUSE WAGES HAVE NOT KEPT PACE WITH FOOD, HOUSING, HEALTHCARE, INSURANCE AND GAS. How many times, and how loud does the working class have to say it? The economy is only good if you hold a lot of assets in the form of real estate and stock which is only about 35 million people in a country of 350 million.
I have to work over 60-70 hours per week to make around 70k, and I can’t afford to buy a house. Sure I’m “employed” according to the unemployment rate, but you don’t understand why Americans don’t feel good?
@@kyleinpa5285 That's tough. I drive a small garbage truck. Make about the same per hour. My Wife is a registered nurse. She makes alot more than me for sure.
@kyleinpa5285 thank you for sharing....i spend time in rural Colorado (not denver) and Nebraska for work. There are many folks like yourself throughout the U.S. (not san francisco, not NYC).......thanks for speaking on their behalf. Many over the road truck drivers have a similar setup as yourself. I like prof G, but he is clueless looking down from his ivory tower and looking at the hedonics adjusted economic data spit out of Wash D.C and NYC. Keep us all up to date on what you are seeing in costs, wages etc from your point of view in PA.
I might go 2x a month. Never for coffee. Only the the chocolate chip cookies & lemon loaf. Both. It’s like $10 which is insane. But they are good as fuck
Burnt coffee is probably strategic. Their fru fru drinks have more markup, and no one would drink their burnt bean water black. I'd never go to Starbucks for a cup of black coffee (how I drink it) but I'll go there every day for their nitro (black coffee + ice + fucking thin air) at 4x the cost.
Can't leave crowdstrike if you have cut labor costs to the point where most of the people you retained are about to leave, and haven't spent enough on modern infrastructure and efficient CI/CD. Airlines spent 96% of their free cash flow on on share buybacks over the last decade, not including the years they were prohibited from doing so during the pandemic.
Why americans of all stripes are sour on the economy: prices up over 20% since 2019 (?). I think no matter how you spin recovery..markets...or jobs news...the kitchen table for the bottom 80 aint doing better no matter how you slice it and those struggles aren't being addressed...especially by pointing to market stats or graphs.
Do me a favor. Try to live for a few months on a Walmart salary then tell me how great the economy is. Yea the stock market is going balls to the wall which is great for us that have stocks and 401ks. It’s the rest of the people that see a shitty economy.
_Somewhere in a highrise office in Manhattan_ Chief Accountant: "Sir, the minimum wage is going up by 10%!!" CPO: "Raise prices by 20%, _and blame labor_ "
First time watching on UA-cam - normally listen during my commute - great production. Not throwing in too much stuff, but some nice plus ups for watching.
6:20 It's the cost of housing, Scott. The prospect of being a homeowner is hopelessly out of reach for most of us in HCOL areas. And furthermore, historically LCOL areas have been turned on their head.
It's funny how Scott thinks making fun of all the rich-douchey-guy things he says and does somehow makes him less so. As if the self-awareness would soften it. But it doesn't.
00:00: Discussion on Pop Culture and Recent Events 01:15: Insights on Identity Politics and Fundraising Events 03:49: Market Review and Economic Insights 07:35: Starbucks' Struggles and Delta's Technology Woes 17:34: Microsoft and Meta's Earnings: A CapEx Arms Race 27:41: Bill Ackman's IPO Setback and Market Reactions 36:39: The Impact of Social Media on Investment Perceptions Summary by Awesum AI
Delta not conceding that it took on more risk from than it should have, is what looks bad, like what is their normal level of acceptable risk when it comes to SAS vendors and potential outages? How many more overleveraged systems are at play here? Is there another software that is this widespread that could trigger a similar outtage?
Great episode as usual. But the question we all should be asking is, where is all the CapEx going? We should invest in those stocks; submit our job applications to those companies, etc.
Why is your "Hardware Layer" Nvidia, AMD, ARM and not INTEL? Would that ruin the conclusion of a rosy hardware layer? The revenue gain from the competitors perhaps may be traced to the incumbents failures.
Have seen the evolution of cybersecurity and Identity and Access Management (IAM) companies move almost completely under the umbrella of risk compliance. CSO positions have moved under the CFO rather than the CTO. Companies like Crowdstrike have built a moat within large enterprises by providing templated, documented controls that satisfy industry certifications that are becoming increasingly mandatory. Similar to the giant accounting firms. To your point, it really has nothing to do with how good the product is. For instance, if a large financial institution is able to get a better a risk rating by using them, then the software pays for itself through the preferential rates at that risk rating.
Double standard here - how is it OK to be political when you are left leaning and not OK when you are right leaning? Politics have no place in business and it should apply to both end of the spectrum.
You tiptoe closer to the biggest ethical rationalization: that carbon fuels are such a big investment that we all pretend it is not going to kill us with pollution. Here is where profit exuberance does the greatest damage - it is more than perfect - better than selling food - as soon as carbon combustts, it has to be replaced. More demand than food is fossil fuel, and the ethical release is global. You could have a great conversation with Nate Hagens
Prof, love the podcast but you need to get your head out of your ass sometimes and think back to when you were not mega rich. Prices for everything has gone through the roof lately, so don’t get your charts out, rather talk to some people in the street. I also have first hand experience with multiple Europeans who have been coming to the US for years are saying “Fuck me it’s so expensive “. Never mind your Knightsbridge bolt hole, the reality is bad for the lower paid so don’t quote Bidenomics. Quote the old model of the price of food basket. PS. See you next week
Before we graduated from the local State college; both of us had minimum-wage employment and so we both know what it's like to be nickeled-and-dimed to death whilst trying to swim with the tide in a Porsche economy. AUTO JAGRAFX 🚗
@jimc8609, you nailed it. Great job. I see it the same way from the "ground floor" of rural nebraska, rural colorado. Scott does us all a great public service by allowing us to see how these guys, gals thay make all their money in tech from the L.A., silicon valley, NYC area.........they believe they know whats better for us dumb country bumkins because of the great success they have had financially selling tech companies. The arrogance is amazing
Don’t forget, CAPEX is capitalized and OPEX expensed. If OPEX dollars navigates to CAPEX, EPS growth amongst those with the highest operating leverage will appear higher just because of accounting changes regarding expenses
@@user-kg1od9es5d Expenses are categorized to prepare financial statements, with CAPEX and OPEX. OPEX represents operating expenses, and CAPEX represents capital expenditures. OPEX covers day-to-day operations, while CAPEX involves acquiring assets for long-term use.
I think the hope for the big consumer comeback in China will never materialise. If the Chinese spend more again, China wants them to buy Chinese products
It's funny how this podcast is published on Mondays but recorded on Thursdays (?) and has consequently narrowly missed all key events of the last few weeks: Trump's assassination attempt, Biden's drop out, and today's market crash... would have been so interesting to hear your first-hand takes instead of waiting for a week. Any chance you could coordinate your pipeline to publish the pod same-day?
I think the main thing skewing the perception on economics is the direct result of tacit (or even implicit) corporate price fixing over the past ~4 years. Looking at fast food companies as an example - when McDonalds raised their prices, Burger King, Wendy's and indirectly Taco Bell, Dell Taco, Chipotle, etc follow suit. This is followed by mom-n-pop Diners, Chinese and Mexican restaurants. Why struggle to increase revenue, when you can collectively increase profits (at practically no cost) and simply blame it on the higher minimum wage (which only accounts for a ~20% of the rise in prices). At the same time, the congress gutted the Biden administrations funding request for the FTC - the only Federal body that can confront and penalize corporations over their price-fixing.
Your thoughts and objectives are noble; but the practicality of the FTC or any other Government agency embarking on any like venture would without any doubt evoke long-ago spirits arising from conflicts over fixed pricing which involved the DOJ and the steel companies as well as the oil companies for similar reasoning; all of which occurring in the 1960's.
@@JAGRAFX Any alternatives though? Here's what my Trump supporting friend says will happen if he wins. He's going to come out and make a statement like "you corporations have been ripping off patriotic American for years, if we don't see prices stabilize, we're not gonna be friends!" err whatever. They may say Yessir!, but In reality they'll demand concessions to remove labor and environmental regulations, while reducing corporate taxes - so prices might indeed come down or at least stay put - but at the cost of safety, wages, unionization, animal welfare, carbon emissions, and funding of public services and infrastructure and laying those at the foot of the poor and lower middle class instead). There's also the Saudi Aramco owning one of US' biggest oil refinery in Port Arthur TX while keeping their pumping capacity to 75% thru 2024 (the US has never been able to refine domestically produced crude at capacity - all those huge refining complexes built during the 70s were geared towards refining heavy-sour OPEC crude).
MS remains a solid long term pick as investment. If you trade short-term good luck; but in a weighing machine MS will do well. Hold and relax and ignore the nonsense panic.
Reasons why the average American is pessimistic about the economy? The average person doesn't invest and hasn't seen the fruits of the bull run. House price to income ratios are at all time highs. Grocery prices are up vs pre-pandemic levels. What exactly is there for younger Americans on low to average income levels to feel happy about?
This is how people sell themselves into shit reputations even while being halfway smart. It’s disappointing makes me question the reasons why I ever thought good things about this in first place.
The problems in the economy are real - not just politics. Trump presided over 3 years of rising real incomes (median, bottom quartile) but 2020-2023 posted the first four-year stretch of selling real income since 1970s
Did Delta $DAL miss July 11 2024 revenue and earnings because of crowd strike lolol - If I were an attorney on team Microsoft or crowd strike ,,,, DAL complaint is null and void and we’re going to counter complain and sue delta for attempting to place blame for profit…weird huh…..
Bill Gates thought $500 million was too much to start the original XBOX and compete with SONY. Even with its rocky history, where would Microsoft Gaming division / strategy be today if Microsoft had not heavily invested to start it? The AI Capex race is 2 folds: train these huge models 1st to deliver and sell the best solutions 1st, then have enough compute to run what is being sold. META has released the biggest model using 405 billion parameters, the race is on to the trillion parameters, and the race is on to build datacenters that need 300MW, 500MW or even 1GW of power.
You guys have to start broadcasting live on mondays to be up to date with the huge meltdown going on in the world over the weekends, like the assasination attemp, the huge crash of August 2024... Hopefully the rest of the year happens Monday through Thursday
Ya not letting me clip/snip ya vids? Common boys I wanna give my friend a taste - in particular the shady shit from Aikman and Ark.... Please 🙏 🙏 🙏 it is so cringe but in my group it's much harder while people are busy to convince them to sit through- they're all crypto. Please reconsider- or I'm calling ya Mother - for a party..... Or ya wife Or both!!!!! Share the love boyes!!!!!
Capital Expenditures (CapEx). It's money companies spend to maintain or expand. In this case, they are talking about money spent in AI related initiatives.
I love the part about Bill living on Twitter and thinking his 50,000 likes means he's in the mainstream. I love this so much. Twitter is not the mainstream
The economy that the Trumpers see in their everyday life may be a slightly different focus given their particular circumstance and/or the fait befallen their relatives they are talking to on their phones. Ron Brownstein of the Atlantic & The Los Angeles Times reported that the Trump voting counties in America amounted to about thirty-two percent of Gross Domestic Product in the 2016 Presidential Election. The same calculation performed for the 2020 Election yields 29% of GDP for the Trump voting counties. This seems to indicate an overall smaller economic pie-share for what is ostensibly nearly half of the electorate. AUTO JAGRAF/X 🚗
Prof is a confusing guy. The concentration of tech in the economy comment and the ftc is because crowdstrike offers a good product. Is he suggesting that the ftc should make companies switch providers? Logic is confusing.
To ask “why are Americans feeling so bad about the economy” just shows you guys are out of touch. You’re not even in the room to read it. Two white guys living in Scott’s bubble have no clue as to why Americans are upset. Meanwhile Scott is living in London and Ed is mini Scott fresh off vacations paid for by Scott. “Why are people so angry?” Hmmm 🧐 maybe because the obvious, they aren’t doing great. They’re concerned about their jobs because companies aren’t hiring, they’re not doing capital projects, and people are getting laid off around them. Their discretionary income is probably the tightest it’s been in half a decade and you’re wondering why Americans are upset when it’s line 2 companies keeping the market afloat while the rest of the market has negative earnings which means more layoffs likely.
Talks so much but doesn’t say much of value. Howard SchMuck sbx fixed coffee prices around the world and kept coffee growers below a living wage. He’s the worst thing for globalization and fair trade in decades. He also was completely wrong about how people want their coffee and the experience of it. But to you he’s a genius. You’re never even half right in everything you comment on. Plus the homophobic self loathing jokes are over. Next topic pls.
Anthony Noto, CEO of SoFi, DMing a youtuber that covers SoFi and has a following. he thought they lost a big client with some news but noto dm'd him the customer was already gone and moved off in 2022. This is kind of like what you guys were talking about with the CEOs putting themselves more out there for momentum ua-cam.com/video/m41hsr01KTw/v-deo.html
People are feeling financially squeezed. I understand that on a relative basis that the US economy is doing much than most global economies. Buti inflation had been quite low for some time, people became used to it, we all did. Then inflation increased for several years so people experienced the compound effect in the painful direction. Home ownership costs increased - property taxes increased, homeowners insurance increased (along with car insurance), cost of goods and services also increased. So, it depends on your perspective. If zoom out and look at the world, then yes, things could be so much worse. But if zoom in, then people are feeling the effects of higher costs and honestly most wage growth not keeping up with the higher costs (unless in tech or other hot industry of the moment). Both can be true and both should be acknowledged and discussed and not neither should be dismissed. Both are relevant.
Bring Lina Khan on the show and call out Reid Hoffman for trying to get her fired.
💯 ! TF, Reid?!?
she was great on The Daily Show
Absolutely!!!
Yes!
Great episode. Just a quick note: It's not just Meta taking little ownership of its ads and the moral compass of what they show to users. Alphabet bombards people our age with "get rich fast" ads with schemes that involve BTC/ETH "arbitrage". They collect those checks very happily. They don't mind that those ads are essentially scams. Or that these ads are falsely classified (e.g. as music videos) so that you cannot block the advertiser nor their category from seeing future ads.
OMG!!! THE REASON PEOPLE ARE DOWN ABOUT THE ECONOMY IS BECAUSE WAGES HAVE NOT KEPT PACE WITH FOOD, HOUSING, HEALTHCARE, INSURANCE AND GAS. How many times, and how loud does the working class have to say it? The economy is only good if you hold a lot of assets in the form of real estate and stock which is only about 35 million people in a country of 350 million.
Haha listen to this poor guy. Stuck in a poor house, complaining his poverty online.
@@jji7667He's trying to inform you the reason people are down about the economy. You wanna keep believing lies and invest based on those lies?
I have to work over 60-70 hours per week to make around 70k, and I can’t afford to buy a house. Sure I’m “employed” according to the unemployment rate, but you don’t understand why Americans don’t feel good?
What kind of Job from hell do you have?
@@autohelix I do deliveries I make around $20 per hour so at 65 hours per week that is $1300, times 52 weeks is around $70,000
@@kyleinpa5285 That's tough. I drive a small garbage truck. Make about the same per hour. My Wife is a registered nurse. She makes alot more than me for sure.
@kyleinpa5285 thank you for sharing....i spend time in rural Colorado (not denver) and Nebraska for work. There are many folks like yourself throughout the U.S. (not san francisco, not NYC).......thanks for speaking on their behalf. Many over the road truck drivers have a similar setup as yourself. I like prof G, but he is clueless looking down from his ivory tower and looking at the hedonics adjusted economic data spit out of Wash D.C and NYC. Keep us all up to date on what you are seeing in costs, wages etc from your point of view in PA.
This was great entertainment. Kudos to the team who puts this together. You’ve perfected your format.
I haven't been to a Starbucks for months
Haven’t been a couple years. $5 per day spent x 365 = money lost
@@goochpunchtickles3617 Haven't been for a decade. $5 per day spent x 365 x 10 yrs = $18,250 saved.
I might go 2x a month. Never for coffee. Only the the chocolate chip cookies & lemon loaf. Both. It’s like $10 which is insane. But they are good as fuck
the sp 500 has been unburdened by what has been since this episode was filmed
LMFAO 🤣
Starbucks issue is the product. It's boiling burnt coffee. I make way better coffee at home.
Yet somehow they have been crushing it for long time
@@Kosciejas Right on - they have been and the distribution is awesome, if you need caffeine you wont mind the taste I guess.
I'm not drinking bitter coffee. Period!!
Burnt coffee is probably strategic. Their fru fru drinks have more markup, and no one would drink their burnt bean water black. I'd never go to Starbucks for a cup of black coffee (how I drink it) but I'll go there every day for their nitro (black coffee + ice + fucking thin air) at 4x the cost.
@@yushpeaceandloveI'd be curious much non-traditional coffee they sell on a percentage bases.
How does Scott know how Delta is doing if he is flying private? Very funny moment in this post.
Can't leave crowdstrike if you have cut labor costs to the point where most of the people you retained are about to leave, and haven't spent enough on modern infrastructure and efficient CI/CD. Airlines spent 96% of their free cash flow on on share buybacks over the last decade, not including the years they were prohibited from doing so during the pandemic.
If we are in such a great economy Prof G, show us consumer debt numbers.
The party music is about to stop.
Love your show, but completely disagree with you politcally. Regardless, keep up the good work!
Why americans of all stripes are sour on the economy: prices up over 20% since 2019 (?). I think no matter how you spin recovery..markets...or jobs news...the kitchen table for the bottom 80 aint doing better no matter how you slice it and those struggles aren't being addressed...especially by pointing to market stats or graphs.
Do me a favor. Try to live for a few months on a Walmart salary then tell me how great the economy is. Yea the stock market is going balls to the wall which is great for us that have stocks and 401ks. It’s the rest of the people that see a shitty economy.
_Somewhere in a highrise office in Manhattan_
Chief Accountant: "Sir, the minimum wage is going up by 10%!!"
CPO: "Raise prices by 20%, _and blame labor_ "
First time watching on UA-cam - normally listen during my commute - great production. Not throwing in too much stuff, but some nice plus ups for watching.
The local Chinese brand is 1/3 of the price and their coffee even tastes better.
Same song and dance with Meta. Zuck gets dragged into senate, forced to apologize and does it turn into anything more? No. He just laughs it off
6:20 It's the cost of housing, Scott. The prospect of being a homeowner is hopelessly out of reach for most of us in HCOL areas. And furthermore, historically LCOL areas have been turned on their head.
my hand naturally pressing like button on this video the moment you guys mentioned start wars lol
What perfect analogy! You are where you spend your time… I must be …Prof G podcast… 😂 Thank you all for another great one!
Good to see you bounce back Scott and Ed. Episodes had lost a bit of focus recently, but this one was one of your better ones. Keep it up.
Love you guys.
16:53 Ed has jokes ☠️☠️ awesome lol I’m still laughing
It's funny how Scott thinks making fun of all the rich-douchey-guy things he says and does somehow makes him less so. As if the self-awareness would soften it. But it doesn't.
Curious what the thoughts are on how the Chips act has or is playing into the hardware side CapEx of AI
00:00: Discussion on Pop Culture and Recent Events
01:15: Insights on Identity Politics and Fundraising Events
03:49: Market Review and Economic Insights
07:35: Starbucks' Struggles and Delta's Technology Woes
17:34: Microsoft and Meta's Earnings: A CapEx Arms Race
27:41: Bill Ackman's IPO Setback and Market Reactions
36:39: The Impact of Social Media on Investment Perceptions
Summary by Awesum AI
Delta not conceding that it took on more risk from than it should have, is what looks bad, like what is their normal level of acceptable risk when it comes to SAS vendors and potential outages? How many more overleveraged systems are at play here? Is there another software that is this widespread that could trigger a similar outtage?
Great episode as usual. But the question we all should be asking is, where is all the CapEx going? We should invest in those stocks; submit our job applications to those companies, etc.
got a little nasty at the end there lads, more of that please!
Why is your "Hardware Layer" Nvidia, AMD, ARM and not INTEL? Would that ruin the conclusion of a rosy hardware layer? The revenue gain from the competitors perhaps may be traced to the incumbents failures.
Have seen the evolution of cybersecurity and Identity and Access Management (IAM) companies move almost completely under the umbrella of risk compliance. CSO positions have moved under the CFO rather than the CTO. Companies like Crowdstrike have built a moat within large enterprises by providing templated, documented controls that satisfy industry certifications that are becoming increasingly mandatory. Similar to the giant accounting firms.
To your point, it really has nothing to do with how good the product is. For instance, if a large financial institution is able to get a better a risk rating by using them, then the software pays for itself through the preferential rates at that risk rating.
Chronically online Ackman is hilarious
Double standard here - how is it OK to be political when you are left leaning and not OK when you are right leaning? Politics have no place in business and it should apply to both end of the spectrum.
You tiptoe closer to the biggest ethical rationalization: that carbon fuels are such a big investment that we all pretend it is not going to kill us with pollution. Here is where profit exuberance does the greatest damage - it is more than perfect - better than selling food - as soon as carbon combustts, it has to be replaced. More demand than food is fossil fuel, and the ethical release is global. You could have a great conversation with Nate Hagens
Nice Robert Johnson squeezed lemon reference.
38:40 Amen! I've been off of all platforms for 5 years now except youtube. Haven't missed much...
Just because I’m paranoid, doesn’t mean I’m wrong.
The dog spitting wisdom
Look at peoples property tax. Maybe hire someone who went to community college if you want insight into America 😂
Prof, love the podcast but you need to get your head out of your ass sometimes and think back to when you were not mega rich. Prices for everything has gone through the roof lately, so don’t get your charts out, rather talk to some people in the street. I also have first hand experience with multiple Europeans who have been coming to the US for years are saying “Fuck me it’s so expensive “. Never mind your Knightsbridge bolt hole, the reality is bad for the lower paid so don’t quote Bidenomics. Quote the old model of the price of food basket.
PS. See you next week
His egotism is so grating so often.
Before we graduated from the local State college; both of us had minimum-wage employment and so we both know what it's like to be nickeled-and-dimed to death whilst trying to swim with the tide in a Porsche economy. AUTO JAGRAFX 🚗
@jimc8609, you nailed it. Great job. I see it the same way from the "ground floor" of rural nebraska, rural colorado. Scott does us all a great public service by allowing us to see how these guys, gals thay make all their money in tech from the L.A., silicon valley, NYC area.........they believe they know whats better for us dumb country bumkins because of the great success they have had financially selling tech companies. The arrogance is amazing
But Crowdstrike IS the best in class product... That's why people don't switch.
Don’t forget, CAPEX is capitalized and OPEX expensed. If OPEX dollars navigates to CAPEX, EPS growth amongst those with the highest operating leverage will appear higher just because of accounting changes regarding expenses
No you’re wrong. Capex is largely reported as opex on financials.
@@user-kg1od9es5d Expenses are categorized to prepare financial statements, with CAPEX and OPEX. OPEX represents operating expenses, and CAPEX represents capital expenditures. OPEX covers day-to-day operations, while CAPEX involves acquiring assets for long-term use.
@ed they won’t switch because there isn’t a real competitor to crowdstrike
A Tesla sell-off would be a great lesson to Musk.
That idea labors under the assumption that musk can learn.
@@markshamp3699He's probably not a great person, but you should give the devil his due.
Funniest boomer opening in longest time. Also no R18 jokes… so family friendly
Personally, I am grateful for a space that isn’t.
As for the Delta outage. That is 100% their fault for not having a proper business continuity plan.
I think the hope for the big consumer comeback in China will never materialise. If the Chinese spend more again, China wants them to buy Chinese products
You need to watch some of Peter Zeihan's videos on demographics. He is extremely down on the outlook for China.
Key takeaway: We can't go backwards and forwards at the same time.
Ackman, what a wonderful thing to happen to such a wonderful man
It's funny how this podcast is published on Mondays but recorded on Thursdays (?) and has consequently narrowly missed all key events of the last few weeks: Trump's assassination attempt, Biden's drop out, and today's market crash... would have been so interesting to hear your first-hand takes instead of waiting for a week. Any chance you could coordinate your pipeline to publish the pod same-day?
They also do one on Thursday. Not sure what day they tape that one.
Must be recorded a few days earlier as well. Releasing same-day episodes would be great
@@chrisarbourdale Probably never going to happen he does a total of seven podcast per week at bare minimum.
@@autohelix The release date doesn't depend on him though right? I guess it's tough though with producers/co-hosts spread across different time zones
They just skip the news that makes the left look bad. Simple
I think the main thing skewing the perception on economics is the direct result of tacit (or even implicit) corporate price fixing over the past ~4 years. Looking at fast food companies as an example - when McDonalds raised their prices, Burger King, Wendy's and indirectly Taco Bell, Dell Taco, Chipotle, etc follow suit. This is followed by mom-n-pop Diners, Chinese and Mexican restaurants. Why struggle to increase revenue, when you can collectively increase profits (at practically no cost) and simply blame it on the higher minimum wage (which only accounts for a ~20% of the rise in prices). At the same time, the congress gutted the Biden administrations funding request for the FTC - the only Federal body that can confront and penalize corporations over their price-fixing.
Your thoughts and objectives are noble; but the practicality of the FTC or any other Government agency embarking on any like venture would without any doubt evoke long-ago spirits arising from conflicts over fixed pricing which involved the DOJ and the steel companies as well as the oil companies for similar reasoning; all of which occurring in the 1960's.
@@JAGRAFX Any alternatives though? Here's what my Trump supporting friend says will happen if he wins. He's going to come out and make a statement like "you corporations have been ripping off patriotic American for years, if we don't see prices stabilize, we're not gonna be friends!" err whatever. They may say Yessir!, but In reality they'll demand concessions to remove labor and environmental regulations, while reducing corporate taxes - so prices might indeed come down or at least stay put - but at the cost of safety, wages, unionization, animal welfare, carbon emissions, and funding of public services and infrastructure and laying those at the foot of the poor and lower middle class instead). There's also the Saudi Aramco owning one of US' biggest oil refinery in Port Arthur TX while keeping their pumping capacity to 75% thru 2024 (the US has never been able to refine domestically produced crude at capacity - all those huge refining complexes built during the 70s were geared towards refining heavy-sour OPEC crude).
MS remains a solid long term pick as investment.
If you trade short-term good luck; but in a weighing machine MS will do well.
Hold and relax and ignore the nonsense panic.
It seems that you don't understand the Microsoft / Crowdstrike relation and that you do not understand how the Crowdstrike software works.
We found love?!
"Goldilocks economy" 😂😂😂😂😂
Economy is doing great if you are 1%, if you are not, the economy is everything but good.
Exactly.
Actually brain dead ass take
u must have not looked at the stats that they just showed u
@@francisco-id9zg I look at my wallet.
This video has, not aged well given the market plunge today.
White dudes for Harris is a joke 😂
Too bad the joke is on you...robot.
Reasons why the average American is pessimistic about the economy?
The average person doesn't invest and hasn't seen the fruits of the bull run. House price to income ratios are at all time highs. Grocery prices are up vs pre-pandemic levels. What exactly is there for younger Americans on low to average income levels to feel happy about?
This is how people sell themselves into shit reputations even while being halfway smart. It’s disappointing makes me question the reasons why I ever thought good things about this in first place.
Ed really is the luckiest podcaster in the world
The problems in the economy are real - not just politics. Trump presided over 3 years of rising real incomes (median, bottom quartile) but 2020-2023 posted the first four-year stretch of selling real income since 1970s
totally agree about Twitter closed my account after about two weeks,For some individuals it is their only contact with the outside world!
Self reinforcing ideological bubble huh? Sounds like what your other co-host lives in.
Ackman is successful but not infallible. I though RFK was a viable candidate 😮
Great take on Twitter...I mean X. The fact we still call it Twitter says it all.
Did Delta $DAL miss July 11 2024 revenue and earnings because of crowd strike lolol - If I were an attorney on team Microsoft or crowd strike ,,,, DAL complaint is null and void and we’re going to counter complain and sue delta for attempting to place blame for profit…weird huh…..
Bill Gates thought $500 million was too much to start the original XBOX and compete with SONY.
Even with its rocky history, where would Microsoft Gaming division / strategy be today if Microsoft had not heavily invested to start it?
The AI Capex race is 2 folds: train these huge models 1st to deliver and sell the best solutions 1st, then have enough compute to run what is being sold.
META has released the biggest model using 405 billion parameters, the race is on to the trillion parameters, and the race is on to build datacenters that need 300MW, 500MW or even 1GW of power.
You guys have to start broadcasting live on mondays to be up to date with the huge meltdown going on in the world over the weekends, like the assasination attemp, the huge crash of August 2024... Hopefully the rest of the year happens Monday through Thursday
Ya not letting me clip/snip ya vids?
Common boys I wanna give my friend a taste - in particular the shady shit from Aikman and Ark.... Please 🙏 🙏 🙏 it is so cringe but in my group it's much harder while people are busy to convince them to sit through- they're all crypto.
Please reconsider- or I'm calling ya Mother - for a party..... Or ya wife
Or both!!!!!
Share the love boyes!!!!!
Mark Hamill! Right on.
Ed has time for a girlfriend? Starbucks is toast.
Too many regards in the comments who don't understand the market isnt the economy lmao
Don’t take shit for backing Harris just means you still have a brain
No part of her is not for sale. She is a literal Pinocchio.
and what the heck is 'cap ex'?
Capital Expenditures (CapEx). It's money companies spend to maintain or expand. In this case, they are talking about money spent in AI related initiatives.
@jimmyfrost2091 Thank you. i wonder why not just say "money". Why jargon?
I love the part about Bill living on Twitter and thinking his 50,000 likes means he's in the mainstream. I love this so much. Twitter is not the mainstream
The economy that the Trumpers see in their everyday life may be a slightly different focus given their particular circumstance and/or the fait befallen their relatives they are talking to on their phones. Ron Brownstein of the Atlantic & The Los Angeles Times reported that the Trump voting counties in America amounted to about thirty-two percent of Gross Domestic Product in the 2016 Presidential Election. The same calculation performed for the 2020 Election yields 29% of GDP for the Trump voting counties. This seems to indicate an overall smaller economic pie-share for what is ostensibly nearly half of the electorate. AUTO JAGRAF/X 🚗
Prof is a confusing guy. The concentration of tech in the economy comment and the ftc is because crowdstrike offers a good product. Is he suggesting that the ftc should make companies switch providers? Logic is confusing.
If trump did it, it would somehow be bad, but when we do it it’s good….
To ask “why are Americans feeling so bad about the economy” just shows you guys are out of touch. You’re not even in the room to read it. Two white guys living in Scott’s bubble have no clue as to why Americans are upset. Meanwhile Scott is living in London and Ed is mini Scott fresh off vacations paid for by Scott. “Why are people so angry?” Hmmm 🧐 maybe because the obvious, they aren’t doing great. They’re concerned about their jobs because companies aren’t hiring, they’re not doing capital projects, and people are getting laid off around them. Their discretionary income is probably the tightest it’s been in half a decade and you’re wondering why Americans are upset when it’s line 2 companies keeping the market afloat while the rest of the market has negative earnings which means more layoffs likely.
Yeah they don’t pay attention that’s why still hocking betterhelp.! Why would you back a scam if you don’t need money?
It's rich that someone like Ed would be here critiquing one of the greatest CEOs of all time. He's just a podcast host.
it’s just from not lowering interest rates. But yes Americans are paying to much for groceries and gas
Rent care etc.
Yeah man, absolutely nobody under 30 uses twitter 😅. Who gives this bozo his info???
Talks so much but doesn’t say much of value.
Howard SchMuck sbx fixed coffee prices around the world and kept coffee growers below a living wage.
He’s the worst thing for globalization and fair trade in decades.
He also was completely wrong about how people want their coffee and the experience of it.
But to you he’s a genius.
You’re never even half right in everything you comment on.
Plus the homophobic self loathing jokes are over. Next topic pls.
Ed is so annoying with his posh English.
can we have an episode with big boobs blonde, with a sense of humor, and a vibe of fun!!
Maybe onlyfans is right for you. 😅
"Tide pods for lunch"
Let's start a marketing campaign.
It's just free speech if someone is stupid enough to buy it.
...just make it a TicToc challenge and watch it go viral.
Anthony Noto, CEO of SoFi, DMing a youtuber that covers SoFi and has a following. he thought they lost a big client with some news but noto dm'd him the customer was already gone and moved off in 2022. This is kind of like what you guys were talking about with the CEOs putting themselves more out there for momentum
ua-cam.com/video/m41hsr01KTw/v-deo.html
Back to Ed’s girlfriend Ariana Grande. You know grande in Spanish means BIG. Tell us Ed, is she big where it matters ?