The Prof G Pod with Scott Galloway Prof G Markets: Epic Defeats Google, Ohtani’s Dodgers Contract, and Argentina Devalues the Peso
11 snips
Dec 18, 2023 
Ed Elson, a savvy market analyst at Prof G Media, joins to dissect major legal and economic developments. Scott breaks down why Google flopped against Epic Games while Apple triumphed. They delve into Argentina's economic turmoil, particularly its currency devaluation, blending humor with serious insights. The spotlight shines on Shohei Ohtani’s jaw-dropping $700 million Dodgers contract, offering key negotiation tips for professionals. Together, they explore market trends and the nuances of wealth building in today’s landscape.
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Inflation Self-Corrects
- Inflation is a self-correcting mechanism in modern economies with responsible central banks.
- It raises prices, dampens demand, and ultimately lowers prices again.
Inaccurate Recession Predictions
- One year ago, every economist predicted a US recession.
- Now, markets are up, unemployment is down, and inflation has cooled.
Powell's Economic Win
- Jerome Powell deserves recognition for navigating the US economy to strong growth and low inflation.
- The market anticipates rate cuts, leading to increased spending and borrowing.
