We Talk Money Will the US Survive the New Socialist Experiment?
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Nov 5, 2025 NYC's new socialist mayor sparks debate on capitalism's future in the U.S. The show dives into the exodus of finance jobs to Texas and the potential resurgence of Bitcoin. Earnings strength is scrutinized, while the impact of AI stock valuations is explored. The hosts also discuss housing affordability issues driving political frustration and whether current policies can effectively address supply constraints. Stay tuned for insights on trading strategies and the latest market dynamics!
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NYC Win Reflects Broader Affordability Backlash
- New York electing a democratic socialist signals a broader affordability-driven push against capitalism in some cities.
- Trav warns this trend could intensify and have long-term social and market repercussions if it spreads.
Finance Talent Is Migrating Out Of NYC
- Finance jobs are shifting out of New York toward Texas and other lower-tax, cheaper, safer metros.
- Data show Texas now has slightly more financial-sector employees than New York, reflecting a structural migration.
Crypto Gains Are Concentrated; Traders Are Fatigued
- Crypto traders show fatigue after repeated scams, rug pulls, and liquidations, concentrating gains in Bitcoin and large caps.
- Small-cap alts remain far below 2021 highs, so retail degen capital has been slow to return.