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Since Trump took office again, real wage growth for the average American is zero. Mark Zandi tells Ed Elson (@ed.elson) it's the K-shaped economy at work. "Tariffs are gonna lead to slower growth and higher inflation. Then the immigration policy, same deal, slower growth, higher inflation. And of course the wars, that's pretty obvious." This is from today's episode: 'CoreWeave Is Imploding — And Taking AI Stocks Down With It'.

CoreWeave's stock tanked on fears it can't pay back its massive debt. Paul Kedrosky tells Ed Elson (@ed.elson) it's finally hitting a debt-death spiral. "It took a long time to play out inside of CoreWeave, but it's finally happening." "Is there a scenario in which CoreWeave doesn't end up defaulting?" "No." This is from today's episode: 'CoreWeave Is Imploding — And Taking AI Stocks Down With It'.

CFTC investigators were reportedly ordered to retract their analysis of potential insider trading related to the president. It should be front-page news. @ed.elson: "In other words, someone higher up told them, stop touching this. I wonder why. This story should be front-page news. But unfortunately, it isn't." This is from today's episode: 'CoreWeave Is Imploding — And Taking AI Stocks Down With It'.

Elon Musk just spent a record $366M on the midterms. Bradley Tusk tells Ed Elson (@ed.elson) why money in politics is overrated. "Most money in a political campaign goes to broadcast television commercials. However, not that many people watch broadcast TV anymore. While money is certainly a problem in politics, it's less of one than people think." This is from today's episode: 'Elon Musk Spent $366M On The Midterms — Will It Work?'.

Is AI a bubble? Gil Luria of D.A. Davidson tells Ed Elson (@ed.elson) he's taking the other side. "Combining their revenue run rate with OpenAI's revenue run rate, we're gonna be well in excess of $100 billion. That number a year ago was maybe $10 billion and a year before that it was zero." This is from today's episode: 'Elon Musk Spent $366M On The Midterms — Will It Work?'.

Ed Elson (@ed.elson) on Kimberly Guilfoyle's exit as US ambassador to Greece, and the corruption nobody is answering for. "Will any of these people be held accountable at all? Or will it just be Kimberly Guilfoyle? Perhaps this is the White House's way of saying, see, we dealt with the problem. We don't like corruption either. Meanwhile, nothing legitimate has actually been done." This is from today's episode: 'Elon Musk Spent $366M On The Midterms — Will It Work?'.

Is Nvidia too big to fail? Semafor’s Liz Hoffman tells Ed Elson (@ed.elson) the answer is clearly yes. "The simplest way to decide if a company is too big to fail is to ask would the government step in to save it if it were in trouble? And I do not think the government would step in to save Meta or Google. I do think they would step in to save Nvidia." This is from yesterday's episode: 'Has Nvidia Become Too Big To Fail?'.

Is OpenAI too big to fail? Semafor’s Liz Hoffman tells Ed Elson (@ed.elson) why she isn’t so sure. "From like a product standpoint, if OpenAI went away tomorrow, we would all use a different thing... It'd obviously be incredibly emotionally like scarring and would almost certainly freak everyone out and the market would go down." This is from yesterday's episode: 'Has Nvidia Become Too Big To Fail?'.

Analysts expect S&P 500 profits to grow almost 30% this quarter. James Taylor of Wells Fargo Advisors tells Ed Elson (@ed.elson) why this earnings season matters so much. "Consumer sentiment is extremely down right now. I think the consumer is actually in much better shape than we think. It's probably the most important quarter from an earnings perspective." This is from today's episode: 'Has Nvidia Become Too Big To Fail?'.

Ed Elson (@ed.elson) on why Trump’s diesel deal with Putin betrays Ukraine. "So this deal with Russia is his Hail Mary attempt to get gas prices down. In doing so, he is both betraying our ally and endorsing our enemy. It is the perfect gift for one of the world's most evil dictators." This is from today's episode: 'Has Nvidia Become Too Big To Fail?'.

@profgalloway on why the U.S. will bomb Iran. This clips is from todays episode 'Why Big Tech Is Losing to Boring Stocks' out now.