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Prof G Markets
Are We Headed For a Recession? + How Tariffs Hurt Housing (Live at SXSW)
Mar 13, 2025
At SXSW, Ed and Scott tackle pressing topics like Apple's delay on AI updates and Sony's battle with deepfakes. They unpack why major banks are sounding alarms about a possible recession, linking it to stock market woes. A deep dive into tariffs reveals how they’re driving up housing costs, raising questions about the notion of homeownership as a wealth-building strategy. The conversation wraps up with audience questions, emphasizing the evolving challenges young buyers face in today’s volatile market.
01:06:03
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Quick takeaways
- Apple's delay in AI updates for Siri raises concerns about its internal management and innovation strategies amidst growing scrutiny.
- Major banks are predicting increased recession risks, fueled by rising unemployment and diminished consumer sentiment, leading to economic uncertainty.
Deep dives
Apple's AI Update Delays
Apple has postponed the release of new AI updates for Siri due to unresolved bugs, marking a rare setback for the tech giant. Observers note that Apple has traditionally avoided product delays after announcements, raising concerns about its internal management of the AI division. This situation comes as Apple faces increasing scrutiny over its innovation strategies, with many products, including headsets, struggling to meet consumer expectations. Analysts suggest that the company may be overvalued given its stagnant growth compared to peers who have shown more robust performance.
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Discover
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