Prof G Markets The Trump Fold & Tesla’s Brand Death
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Apr 28, 2025 In this engaging discussion, the hosts unpack Trump's controversial dinner with memecoin holders and the implications of political corruption. They spotlight alarming wealth inequality and examine Boeing's financial struggles. The conversation shifts to Trump's unpredictable policies affecting the U.S. economy and global standing. Finally, they delve into Tesla's troubling quarterly performance, highlighting the juxtaposition of declining revenue against a rising stock price and skepticism around Musk's leadership and future innovations.
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Trumpcoin: Greatest Presidential Grift
- Trump's Trumpcoin dinner reveal is a new low in presidential grift, transparently selling access for personal profit.
- Early traders made $700 million while 800,000 investors lost $2 billion, showing a rigged meme coin game.
Boeing's Tariff Optimism
- Boeing's optimistic earnings suggest inside knowledge that China tariffs will ease or end soon.
- Their calmness contrasts with widespread corporate tariff fears and anticipation of a 2025 turnaround.
U.S. Wealth Inequality Crisis
- Wealth inequality is unprecedented with 19 households owning 1.8% of U.S. wealth, nearly half that of bottom 50%.
- Rising wealth concentration fuels economic, cultural damage and disillusionment among younger Americans.