Prof G Markets Global Pushback on Tariffs + Can the FTC Beat Meta?
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Apr 21, 2025 Gold prices hit record highs amidst rising tariffs and international trade tensions. The discussion reveals how nations are countering U.S. tariff strategies and highlights key missteps from the previous administration. Insights into the Meta antitrust trial unfold, spotlighting potential economic benefits of disbanding the tech giant. The hosts delve into the crucial role of leadership in navigating these complex issues and reflect humorously on societal norms and the disconnect between elite culture and everyday life.
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Gold as Safe Haven Amid Uncertainty
- Gold is a traditional safe haven rising with uncertainty and greed during economic downturns.
- Gold outperforms stocks in recessions, but the crowded trade warns of possible overvaluation.
Bitcoin Trails Stock Market
- Bitcoin currently tracks the stock market rather than acting as digital gold.
- Despite its promise, Bitcoin is not widely viewed as a reliable safe haven asset yet.
US Chip Export Ban Backfires
- Trump administration chip export restrictions hit NVIDIA's China revenue hard, cutting it to zero.
- This creates a logistical nightmare and risks pushing China to develop domestic chip alternatives.