Prof G Markets Blockbuster Week For Big Tech Earnings + Can the U.S. Fix Its Student Debt Crisis?
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May 5, 2025 Discover the latest shifts in the economy with insights on the U.S. GDP contraction and the impact of trade dynamics with China. Dive into Amazon's ambitious satellite launch to compete with SpaceX, and analyze the booming earnings of tech giants like Microsoft and Apple. Uncover the implications of the Trump administration's decision to resume student loan collections, and explore the urgent need for financial education to tackle the growing student debt crisis.
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GDP Contraction is an Accounting Blip
- Q1 GDP contraction mainly results from surging imports ahead of tariffs, not underlying economic weakness.
- The real tariff impact will show in upcoming GDP reports, not this initial shrinkage.
Europe Gains from U.S.-China Trade War
- China's manufacturing slowdown hurts them more in the short term, but they tolerate pain better than the U.S.
- Europe emerges as short-term winner as it picks up trade left by the U.S. and China tensions.
Amazon’s Kuiper Could Rival Starlink
- Amazon's Project Kuiper has huge potential due to Amazon Prime’s massive subscriber base.
- Even if Kuiper trails Starlink in satellites, integration with Prime can rapidly boost penetration.