Market Mondays MM #248: Time to Sell? | Trump Market Crash, Apple’s Flop, African Business & Congo’s Tech War w/ Chakabars
Feb 25, 2025
Shaka Boss, an expert on African economic issues, joins the discussion to shed light on the Congo conflict's impact on global tech supply chains. They explore the recent 700-point drop in the Dow and its implications for investors, including thoughts on buying the dip. The conversation highlights Apple's disappointing product announcements, alongside the competitive pressures tech giants face while discussing Nvidia's upcoming earnings. Additionally, they analyze the rising significance of Africa's resources and the need for sustainable practices in the tech industry.
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Congo Conflict
- Shaka Bars discusses the conflict in Congo and the fight for tech minerals.
- He explains how Rwanda's gold exports have increased dramatically despite lacking gold mines.
Data's Value
- Data has surpassed oil in value, and African minerals are crucial for data servers and other tech.
- The disparate nature of African trade allows larger countries to bargain advantageously.
Ethical Tech
- To address tech's role in colonialism, consumers must demand ethically sourced minerals.
- This requires awareness and a shift in how minerals are extracted, similar to the change in single-use plastics.