The Best One Yet
🍑 “Colonoscopy Stock Market” — BTS trade war drama. Versace’s Prada acquisition. A Colon econ lesson.
Apr 11, 2025
The hosts dive into the gripping world of trade wars and the behind-the-scenes drama involving Trump. They share insights on Prada's jaw-dropping acquisition of Versace at half price, spotlighting the critical role of timing in business deals. A humorous take on a recent colonoscopy serves as a witty segue into discussing economic principles. Plus, the bizarre fact that Google is paying AI engineers to do nothing gets a chuckle. It's a blend of health, economics, and a sprinkle of laughter that keeps the conversation lively.
22:57
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Quick takeaways
- The recent trade war pause illustrates how financial influence often supersedes populist sentiments in shaping U.S. economic policy decisions.
- Versace's sale to Prada at a reduced price underscores the critical importance of timing and consumer engagement in high-stakes negotiations.
Deep dives
Wall Street Influences Trade Policy
Recent changes in trade policy reflect the influence of financial power over populist sentiments within the U.S. government. While President Trump has historically prioritized tariffs based on populist advisors, it was actually Wall Street figures like Bill Ackman and Jamie Dimon who convinced him to pause the trade war. They highlighted the declining bond market, suggesting that America's financial stability depends on the bond market more than the stock market. This serves as a reminder that economic power can shape policy decisions, illustrating that the stock market may signify wealth, but the bond market reflects true power.
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