Prof G Markets What the Falling Dollar Means for America
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Jun 23, 2025 Scott and Ed tackle RFK Jr.'s efforts to limit pharmaceutical advertising, stirring up debate about its effects on public health and media. They also analyze the IPO market's revival, cautioning retail investors about potential traps. The duo dives into the dollar's downward trend since Trump's presidency, scrutinizing its implications on global confidence. With gold gaining traction as a safe-haven asset, they question if it's enough to offset worries about the U.S. economy's stability and the evolving landscape of investments.
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Pharma Ads Threaten TV Industry
- RFK Jr.'s push to make pharmaceutical ads harder and pricier targets $10 billion annual ad spend.
- This could be the last nail in the broadcast TV advertising industry's coffin.
Scott's OxyContin Personal Story
- Scott tried OxyContin after surgery and mistakenly thought he was addicted.
- His doctor revealed it was opioid-induced constipation, not addiction, illustrating pharma ad messaging.
Legal Limits on Pharma Ad Bans
- The U.S. is one of only two developed countries allowing pharma ads on TV, due to broad First Amendment protections.
- Banning is legally tricky, but increased disclosure and tax penalties on ad spending are plausible alternatives.