Raging Moderates with Scott Galloway and Jessica Tarlov Trump’s K-Shaped Economy: Why the Economy Feels Broken
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Nov 5, 2025 Dive into the complexities of the K-shaped economy, where the wealthy thrive while the rest struggle. Scott and Jessica reveal how traditional metrics mask real economic pain using everyday indicators of financial stress. They explore the impacts of a potential government shutdown and the troubling rise of MAGA infighting over extremist figures. The discussion extends to the role of social media in promoting extremism and the urgent need for leaders to denounce hate to protect future generations.
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Tour Day Ends With A Tearful Interview
- Scott described a marathon media day across Morning Joe, Today, The View, Amanpour, and Anderson Cooper.
- He recounted emotional moments, poor sleep, and unexpectedly crying on The View when asked about his father.
Market Gains Mask Uneven Recovery
- Stock indices like the S&P and NASDAQ mask a K-shaped recovery benefiting mainly the top 10% while most Americans struggle.
- The market's concentration in the Magnificent 10 creates systemic fragility if AI expectations falter.
Top 10% Drive Consumer Demand
- The top 10% now account for about half of all consumer spending, so their buying swings disproportionately move the economy.
- If AI-driven mega-cap stocks tumble, top-earners can cut discretionary spending sharply and trigger wider economic pain.