Degenerate Business School artwork

Degenerate Business School

185 episodes - English - Latest episode: 11 months ago - ★★★★★ - 16 ratings

Tired of the same dry, monotonous business news and the squawkery of finance television? Here at Degenerate Business School, we aim to give you an irreverent take on the latest news, trends and forces in markets. Plus we acknowledge openly that, in some ways, stock and crypto trading are merely exercises in degenerate, white-collar gambling. But please note, this is not investment advice.

Investing Business News Business News
Homepage Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed

Episodes

The Global Supply Chain Crunch

October 01, 2021 23:00 - 33 minutes - 22.8 MB

In Equities: A Tech and Growth sell-off drags the S&P lower. As the third quarter grinds to a close, we are roughly 4% off the all time high reached in early September. So for all the clamor and discord of impending doom and the end of days, still not technically in a correction.  What's happening? A host of anxieties building to moody sentiment and a rapid, incremental climb in treasury yields. To recap: A more hawkish tone from the Fed (which is still extremely dove-ish in historical te...

Is it time for Oil's last dance?

September 19, 2021 21:00 - 27 minutes - 19 MB

In Equities: With sentiment firmly cautious the major indices grind to a fork in the road, teetering on the edge of price action in either direction. What lurks on the horizon? The prospect of a crack up in the Chinese economy presaged by the implosion of real estate firm Evergrande. A soft taper so well telegraphed by the Fed that policy in the West couldn't possibly be a surprise. And a general spirit of caution in the markets that suggests...surely a correction must be coming? No one kno...

Are stocks a waste of time?

September 05, 2021 21:00 - 32 minutes - 22.3 MB

For data visualization, please use the links below or follow us on Twitter @DegenerateBiz In Equities: The jobs report disappoints, which is utterly meaningless for the inexhaustible rally of the S&P. For all rests on the great taper.  Leading the way is the Nasdaq, with QQQ approaching overbought territory. Maybe a correction is in the offing, but recent history suggests we're only in for a speed bump as Tech melts up (chart 1). Meanwhile, the US 10 year yield moves sideways. Nothing to...

Is there a correction looming?

August 28, 2021 00:00 - 28 minutes - 19.5 MB

Jerome Powell hits the fairway off the tee from the summit of Jackson Hole, saying that tapering will happen unless the labor market falters, in which case, tapering may never happen. Just the sort of yes/no answer that can assuage market fears and send the major indices to all time highs. The choreography is beautiful.  With that, the 10 year treasury yield oscillated down to 1.31% after temporarily breaking out of its predictable trading channel. Carter thinks we might be bouncing to 1.45...

Crypto Momentum Mayhem

August 13, 2021 22:00 - 31 minutes - 21.9 MB

What's going on with inflation and economic growth? No one knows really. July CPI inflation data points to a slight moderation in YoY growth. Consumer sentiment is waning in the face of the delta variant. Melting together with a successful bond auction this week, the 10 year treasury yield bounced before returning to 1.29%. And so we observe lower highs on the way down within a predictable range. A guy from the Macro Voices podcast from the Economic Cycle Research Institute echoes Raoul Pal...

Ethereum Strikes Back & Our First NFT

August 08, 2021 02:00 - 26 minutes - 17.9 MB

Just like Cathie Wood, we sell EM China at the bottom. Goodbye for now emerging markets. The S&P looks bulletproof right now, which is why Goldman raised its year end guidance to 4,700 (from ~4,440 now). That's never a good sign.  What's more, mixed macro data stokes the ongoing debate around inflation and Fed policy response. Friday's favorable jobs report has the homies on real yield talking of a fall taper. Returning to the near term, underneath the S&P composite, the Nasdaq 100 is tes...

When Should We Buy More Ethereum?

July 23, 2021 23:00 - 27 minutes - 18.9 MB

For data visualization, please follow us on Twitter @DegenerateBiz  The bond market moves the stock market...said someone...at some point. The 10 year treasury yield dipped suddenly on Monday to 1.18%, roiling all the major indices. But rates normalized back to 1.28% by Friday, and with it, the march higher to fresh all time highs. The drug fueled, Fed guaranteed bull market rages. But what triggered that rate action? None of that of course applies to Chinese equities. Just when we though...

The 2021 First Half Review

July 19, 2021 00:00 - 28 minutes - 19.4 MB

We review the first half of 2021. What did we learn? What did we-unlearn? In the spirit of brevity, we listed out the key themes of 2021 so far.  On Macroeconomics Corner: No one understands the bond market: No one knows if inflation is transitory or secular.  No one knows where treasury yields will go exactly (except Carter Worth). In Equities: The reflation trade became the everything trade. MegaCap Tech is like Tom Brady.  Emerging Markets have still not emerged. Growth still...

Are Chinese Stocks Worth It?

July 10, 2021 21:00 - 28 minutes - 19.8 MB

Just as the chart oracle Carter Worth predicted, Treasury yields fall. The 10 year yield touched 1.25% before bouncing on Friday to 1.35%. And yet the conventional macro wisdom insists that inflation is here and that yields will surprise to the upside. But what should we expect now and what does it mean for equities? And is the consensus view on inflation credible? Chinese autocrat Xi dunks on DiDi, sending Chinese tech into the sea. What is really going on here? What does it tell us about ...

Genomic Stocks Rebound

July 02, 2021 21:00 - 31 minutes - 21.6 MB

The jobs report drops favorably, adding kerosene to the everything bubble and capping a steady march for all the major indices. The 10-year yield stays flat to down at 1.439%. Bitcoin and Ethereum survive the weekend of death, while grinding down in a wilderness of bearish sentiment. In the world of Genomics future stuff, EDIT reclaims its place in the sun. But ARKG doesn't follow suit. What the? James finds joy in the short term on KRBN, the carbon trade ETF. Also if you're interested ...

An Infrastructure Spree, The Everything Bubble & Crypto Winter

June 28, 2021 02:00 - 27 minutes - 19.1 MB

The great Biden infrastructure bill comes to pass as the everything bubble marches on. Does it matter to equity prices? No, says the bond market with the 10 year treasury yield oscillating around 1.5%. So...stuff was already priced in, but might be a good thing for construction stocks.   Degenerate stock pick Roblox picks up 8% this week as the reflation trade merges into the everything trade.  Speaking of things that don't make money, ARK continues its slow crawl back. We seem on track fo...

Should you ever buy Commodities?

June 20, 2021 00:00 - 26 minutes - 18.1 MB

The Fed convenes, tending towards hawkishness and signaling they might raise rates sooner than expected. What followed? A correction in commodities and a surge in tech. Having missed the rally in Copper underpinned by the EV revolution, I ask the ignorant question, is this a buy and hold opportunity for CPER? Furthermore, I ask, will there ever be a good time to buy Gold as an inflation hedge. Or has it been supplanted by Bitcoin in this respect. We return to 10 year yields and the creator ...

A Flicker in Growth Stocks & El Salvador Legalizes Bitcoin

June 13, 2021 00:00 - 28 minutes - 19.5 MB

CNBC chart genius Carter Worth signals optimism for silver. and so James celebrates a return to grace. Plus Bobby's long position on IYR, the US Real Estate ETF.  And speaking of comebacks, after months in the wilderness TIGR rebounds on the heels of meteoric YoY revenue growth.  On that note, equities soldier on breathing some life into growth with bond prices falling for the 4th straight week. But things got weird this week in Crypto, when the encroaching Bear market was forestalled by ...

Where is Bitcoin going?

June 05, 2021 18:00 - 29 minutes - 20 MB

Friday's lack luster jobs report settles a collective nerve over inflation, resulting in a sharp daily rebound for Tech and all other Equities. We ask James about the possibility of more systemic risk.  Bitcoin survived Memorial Day weekend, ultimately bouncing to $37k. But where does it go from here? In technical terms, are we staring down a head and shoulders prophecy or a death cross in mid June that will send it even lower? We discuss. Plus Greg dabbles in Bitcoin fundamentalism, where...

The Great Crypto Correction

May 28, 2021 22:00 - 35 minutes - 24.6 MB

It only took a tweet from Elon and the mention of Chinese regulation to all but erase Bitcoin's 2021 gains. All of it amplified by the evaporation of degenerate call positions. We also learned that the entire Crypto category is correlated unto itself, with Ethereum and other alts correcting just as quickly. But there is hope, if you believe crypto evangelists. For one thing, the system didn't break the way equities would have in a similar correction. And there was no contagion on offer for...

Ethereum Alternatives, Bitcoin Peril & the Specter of Inflation

May 16, 2021 01:00 - 30 minutes - 21.3 MB

The specter of inflation came home to roost, with consumer prices leaping to a 13 year high. And so down to damnation Growth. With it ARK, China and Tech. Thank goodness for Ethereum. And trains.  Robert crushes his first ALT Coin pick, selecting Polygon, which exploded this week. But why? And what does it have to do with Ethereum? Meanwhile, Bitcoin saw a correction when Elon trashed it as a payment for cars. 

Ethereum Alternatives, Bitcoin Peril & the Specter of Inflation

May 16, 2021 01:00 - 30 minutes - 21.3 MB

The specter of inflation came home to roost, with consumer prices leaping to a 13 year high. And so down to damnation Growth. With it ARK, China and Tech. Thank goodness for Ethereum. And trains.  Robert crushes his first ALT Coin pick, selecting Polygon, which exploded this week. But why? And what does it have to do with Ethereum? Meanwhile, Bitcoin saw a correction when Elon trashed it as a payment for cars. 

Ethereum on the March

May 10, 2021 01:00 - 31 minutes - 21.4 MB

The fabled ARK funds eat dirt this week leading Bloomberg to point out that physical wood is outperforming Cathie Wood this year. The ARK innovation fund touches a critical technical level. The Nasdaq settled slightly lower this week, despite a decrease in yields. What the? But in bigger news, the march of Ethereum rages on, gaining another 27% this week and up 67% in the past month. So much so that Robert has rotated out of NAIL into ETH.  We also discover that our stable of ALT coins ar...

The Death of Conventional Banking & a Comeback in Trains

May 01, 2021 22:00 - 36 minutes - 24.9 MB

In equities, a choppy week in the major indices does little to dent the best month since November. Robert's bet on old man stocks turns to dead man stocks, as trains clock their best winning streak since 1899. On Crypto corner, Bitcoin retraces 12% this week. ETH surges another 18%. And Greg adds Enjin Coin to the ALT Coin sub-degenerate portfolio. We discuss the doom of conventional banks, and how Bitcoin and Ethereum might form the backbone of all banking in the future.  In other news,...

Bitcoin Corrects & Dabbling in ALT Coins

April 25, 2021 21:00 - 36 minutes - 25.1 MB

Apple podcasts announces a new subscription feature for creators, signaling the deepening contest for audio. We're rich! Bitcoin eats dirt. What started as a rumor that the Treasury department was poised to charge banks for laundering money, snowballed into a sell-off that detonated leveraged long positions. To boot, some exchanges including Binance had glitches in trading. And institutionals begged off. Impeccable timing. Not only that I picked a hell of a week to start dabbling in ALT COI...

Post Modern Portfolio Theory

April 17, 2021 23:00 - 36 minutes - 25.1 MB

PLUG sees its star fade to the almost 3x club, but we hold on for dear life. The aristocrats of crypto, $BTC and $ETH, soar to all time highs on the cusp of Coinbase's IPO. And somehow BLOK does not follow. Coinbase nestles into ~$67B valuation after opening with a burst.  And we explore the death of the old hat Wall Street portfolio of equities and bonds. Now that bonds are negative yield in real terms and Bitcoin has replaced Gold as a store of value, how will modern portfolio theory ev...

The Coinbase IPO

April 11, 2021 00:00 - 30 minutes - 21.2 MB

MegaCaps strike back, and the reflation trade sputters. But on the round, James calls the ball as the S&P rips to record highs. But is it now overbought? And we look forward to the Coinbase IPO, the retail exchange for the people. Massively expensive as it surely will be, is it worth the investment? To boot the bollinger bands on Bitcoin suggest it is poised for a big price move. Which way will it bend? And are we verging into a surge in 2Q for crypto?

The Coinbase IPO

April 11, 2021 00:00 - 30 minutes - 21.2 MB

MegaCaps strike back, and the reflation trade sputters. But on the round, James calls the ball as the S&P rips to record highs. But is it now overbought? And we look forward to the Coinbase IPO, the retail exchange for the people. Massively expensive as it surely will be, is it worth the investment? To boot the bollinger bands on Bitcoin suggest it is poised for a big price move. Which way will it bend? And are we verging into a surge in 2Q for crypto?

The Blockchain Revolution

April 03, 2021 23:00 - 33 minutes - 23 MB

We re-open the topic of Blockchain, DeFi and Dapps. While it's easy to lampoon the emergence of NFTs, people with real money are starting to talk about Blockchain and Decentralization as the 2nd Digital revolution that will change the landscape. But how can we make money in the sector? Buy crypto, or buy companies speculating on the tech? Greg makes the case for BLOK. In other news, Bill Hwang is named Degenerate Champion of the new century. His firm Archegos saw untold billions vaporize in...

The Return of the Space Race

March 21, 2021 20:00 - 29 minutes - 20.6 MB

The markets continue their choppy ways, with the major benchmarks all waffling this week. As bond yields edged higher, growth stocks took a beating on Thursday before leveling out on Friday. This despite Jerry Powell demolishing the Fed's Emergency capital relief for banks, which will expire at the end of March. And with it the promise of more volatility when major Financials dump their treasuries. What should we do? But as the rotational trade puts near term pressure on the Technology sec...

What's an NFT?

March 13, 2021 23:00 - 32 minutes - 22.3 MB

The rotation out of Tech pauses...for now. Growth stocks bounce off the floor as we with diamond hands buy the dip. ETF dollars flow back to QQQ and ARK. And Tesla rallied 16% on the week. Bobby and I also doubled up on Chinese Tech. In the words of Cathy, we are seeing the rally of ages now broaden out to all sectors, with value finally catching up. But not to be outdone, the Bond Market kept up its bout of volatility on Friday with yields spiking up. What's more, the Fed must make a deci...

The Bond Tantrum Continues

March 07, 2021 22:00 - 33 minutes - 22.9 MB

We live in unprecedented times! This week we witness the third consecutive week of punishing declines in the Nasdaq, and with it a mighty correction for the ARK Funds. Yet again bond yields surged in a so-called tantrum after Jerry Powell said the Fed would do nothing to manage the rate increase. And what can we look forward to on the auction block? With the economy set to surge, the Fed is sanguine about the state of play.  But hope springs eternal. I have earned roughly 79 cents in Block...

The Near Miss in The Bond Market

February 27, 2021 21:00 - 36 minutes - 25.2 MB

A rapid rise in bond yields made mincemeat of the Nasdaq, overseas equities & Catherine Wood's innovation stocks. Tough news for the Degenerate Portfolio again. We now live in a world where the choreography between bond yields and the Nasdaq is predictable. Rates rise and the future earnings of technology giants take a beating.  So what keeps pushing bond yields higher? The Wall Street Journal says fears of inflation spurred by a rapid economic recovery. Which has the knock-on effect of the...

The Robinhood of China

February 20, 2021 22:00 - 27 minutes - 18.9 MB

The Nasdaq and Emerging Markets lose steam with bond yields jolting higher. This driven by expectations for higher inflation, more treasure supply and fears the Fed will shrink its balance sheet earlier than forecasted. James helps us understand.  To boot, PLUG announced the sale of $1.8B in common stock to the public, sending our crown jewel down double digits. All in all, a bit of a rough patch for the Degenerate Portfolio. However hope springs eternal with TIGR, the so-called Robinhood ...

Elon Buys Bitcoin

February 13, 2021 21:00 - 31 minutes - 21.7 MB

The Markets march on, with the S&P and Nasdaq seeing modest gains and Emerging Markets outperforming. Expect more of this until ~April when those savvy enough to have bought the dip last year harvest their gains. Elon Musk gamestonks the crypto market as Tesla buys $1.5B worth of Bitcoin, sending prices up to all time highs. So what is Elon's goal here? ARK suggests the cult leader is pushing a savvy form of treasury management. But is it really just an elevated form of Wall Street Betting?...

Elon Buys Bitcoin

February 13, 2021 21:00 - 31 minutes - 21.7 MB

The Markets march on, with the S&P and Nasdaq seeing modest gains and Emerging Markets outperforming. Expect more of this until ~April when those savvy enough to have bought the dip last year harvest their gains. Elon Musk gamestonks the crypto market as Tesla buys $1.5B worth of Bitcoin, sending prices up to all time highs. So what is Elon's goal here? ARK suggests the cult leader is pushing a savvy form of treasury management. But is it really just an elevated form of Wall Street Betting?...

Bezos Half Retires

February 06, 2021 20:00 - 30 minutes - 21.1 MB

The S&P bounces back, all but proving Gamestop mania was a story far in excess of its actual implications for the broader markets.  But to put a postscript on the Wall Street Bets frenzy, if you had diamond hands on a GME call option, you are now bag-holding. See...we can learn. And for good measure, Robert and James took a flier on silver which had a moment in the sun. Another thing we discovered in the wake of all this, Cathy Wood of the meteoric ARK fund is a cult figure on reddit. Whic...

Gamestop Redonkulous

January 30, 2021 20:00 - 31 minutes - 21.4 MB

All of our combined experience has prepared us for this moment. This week degenerate speculation reached its pinnacle, with a community of subreddit RobinHood millennials pumping up the valuation of erstwhile zombie store Gamestop. So what the devil happened? Plus, we discuss the real reason Robinhood throttled its trades, to the chagrin of Teddy Cruz. And we zoom out on the market in the age of commission free trades and social media. All of this led to the major indices dropping this wee...

What's a BITCOIN?

January 23, 2021 20:00 - 28 minutes - 19.9 MB

DBS is back for Season 3! James joins the 10x club! PLUG has surged from a measly $4.28 in June to $64.50 today. He tells us why. And we move to a broader re-cap of the year so far. What did we get right? Well in general terms the bull market has continued. And the market has shown a predictable indifference to political turbulence in the US. Despite its political incompetence, structural forces keep American assets and the American dollar in command of global financial markets. But in t...

2021 Predictions!

December 19, 2020 21:00 - 35 minutes - 24.4 MB

We offer up our 2021 predictions! But first, in the spirit of transparency, we assess our 2020 predictions. How did we fare? Some right, some wrong.  Next year (2021): In general, 2021 will be a bull year, as central bank intervention continues, the vaccine is distributed and corporate earnings are compared to a deflated 2020. Within that general trend, we expect: -A 10-15% correction post Memorial Day, as opportunistic buyers from March 2020 harvest some capital gains -Emerging Market...

AirBnB & DoorDash make it rain

December 13, 2020 02:00 - 31 minutes - 21.9 MB

The Santa Claus rally hangs in the balance! The S&P lost its mojo some as the Congress waffles on renewed stimulus.  Tech darlings DoorDash and AirBnB debut to absurdly high valuations, to the chagrin of Bobby Nunez. So how do we understand the bursting of enthusiasm over these glossy openings? And, having said already that 2021 will be a bull year, we discuss Deutsche Bank's biggest risks in 2021. Plus we re-introduce new/adorable ETFs and stock picks in the near term. Among them: -NVTA...

Ranking 2020 in the History of Recessions

December 04, 2020 22:00 - 32 minutes - 22.1 MB

With 2020 nearly behind us and a Santa Claus rally in the offing, we ask the question, how does this recession compare to past recessions? The obvious answer with respect to this podcast is, how do we explain the snap-back rally of ages in the stock market in 2020? What stands out? The stock market crash was not as acute (-32% from peak to trough vs -50% in 2008 and -44% in 2001) The time elapsed from stock market peak to trough was incredibly brief (1 month vs 5 months in 2008 vs 4 years...

Treasury snubs the Fed

November 20, 2020 22:00 - 25 minutes - 17.6 MB

Stevie Mnuchin drops the hammer on Jerry Powell. The Treasury has vowed to let its emergency lending measures expire at year's end, most of which allowed the Fed to prop up Corporate debt and lend to medium-sized businesses. The Fed reacts angrily. And so with COVID cases mounting to fresh heights, the DOW's moment in the sun ends. Sorry Old Man stocks. So risk-off falls in favor of Tech once more. What do we think is afoot in Stevie's calculations? Apple lowers tribute in half for "small"...

Old Man Stocks Win and DoorDash Made Money

November 13, 2020 23:00 - 31 minutes - 21.6 MB

Just when James thought his moment had arrived, Pfizer announced a near-vaccine for COVID, sending Old Man and cyclical stocks up. Here we stand, on the brink of a Constitutional crisis in America, with the Nasdaq and DOW at fresh highs (almost). But how solid is this state of affairs? Billy Ackman, who hedged March's sell-off to perfection, says he's going short again, citing specifically the future weakness of cyclicals even beyond the vaccine's deployment. We discuss.  DoorDash files fo...

Divided Government Rally!

November 06, 2020 23:00 - 27 minutes - 19.1 MB

On this week's episode! We return! After days of hand wringing, the Election skids toward divided government, which is to say NO GOVERNMENT. And in the context of anarchy, the market rejoices that new regulation will be impossible, even if the stimulus hopes have fallen into the sea. Which is a way of saying, there is certainty that nothing will get done. And to boot, China ETFs burst on the prospect of a China-friendlier Biden administration. Not to mention minerals (gold / silver). And...

But will there be a Blue Wave?

October 18, 2020 21:00 - 24 minutes - 17.1 MB

The famed Silver Surfer James Lin wipes out.  Robert Nunez gives into the malaise of COVID and takes the Degenerate Business School on the road. And the NASDAQ, after approaching it's all time high again on Monday, wavers as anxiety sets in on the prospect of a Democratic wave. The polls say Joey Biden has it in the bag, but no one believes the polls anymore. So as political uncertainty reigns, so volatility reigns in the markets.

Riding the Promise of a Blue Wave

October 09, 2020 22:00 - 27 minutes - 18.7 MB

On this week's episode! Joey Biden and the Democrats pull ahead in the betting markets, as the Trumpus fights Coronavirus with steroids. And the promise of a Blue Wave in November gives the markets their best week since August. Around the standard of Center Left politics, Wall Street looks on ravenously for a Stimulus bill, a Green New Deal and potential infrastructure investment.  But are we just poised for disappointment come election night? We discuss the best, worst and meh cases for t...

The Uncertainty Trap

September 25, 2020 21:00 - 28 minutes - 19.6 MB

On this week's episode! Nothing in life is certain. Least of all the fate of the American Republic in November, the invention of a COVID vaccine, and as Wall Street is really concerned the scope & likelihood of renewed Stimulus. As such, the markets continued their choppy turn this week. But as ever, on the heels of what looks like a correction in September, the Nasdaq wins the  week and the DOW sheds weight. Why? The march of history towards Minority Report & Blade Runner means that Tech ...

The Quadruple Witching Hour

September 19, 2020 00:00 - 28 minutes - 19.8 MB

It's the 3Q Quadruple Witching hour, when single stock and index options and futures all expire simultaneously, fomenting more volatility in TECH to close out another wobbly week.  Jerry Powell's promise to keep rates at zero for a thousand years wasn't enough for the high maintenance markets, as they thirst for more promises of stimulus now hung up on the rails in Washington. Truly, the United States government has become a socialist stack for the Rich White Men.  So where do we go from h...

Tech Lets Up and The Future Will Destroy Us

September 11, 2020 22:00 - 29 minutes - 20.2 MB

On this week's episode! Every once and a while you see the future clear as dawn in Antarctica. We said the market was due for a pull back, and so it fell. The bubble in tech saw it's air let out, some. (The Nasdaq, however, is still up 22% this year). So what the devil happened? Aside from the garden variety forces of frenzy and correction, a couple of things. First, uncertainty around renewed stimulus. Second, a mysterious whale in the Nasdaq that was revealed to be Softbank spurring the ...

We're Going Short! Again!

August 28, 2020 22:00 - 27 minutes - 18.8 MB

On this week's episode! The S&P soars to new heights as Jerry Powell sets aside the age old mandate of managing inflation.  Accepting into our hearts the notion that this rally is now seriously overbought, Robert, James & I all take the plunge and take out short positions to hedge against the bubble that may or may not burst.  And Walmart, defying all reason, says it's also interested in Tik Tok. At this point, Delta could say they were interested in buying Tik Tok and it wouldn't surpris...

The S&P dunks on America

August 21, 2020 20:00 - 27 minutes - 19 MB

The S&P launches back to all time highs. WTF???? So in the scheme of stock market history, March 2020 just looks like December 2018? As the world falls apart from pandemic, American democracy lives in the shade and wildfires engulf California, Rich White Men say...we good.  A familiar itch to short the S&P returns, but are we emotionally ready to go there? To boot, existing home sales surged by ~25% in July as Americans look around and say, I'm sick of living in this shit hole. See me and...

The Death of The American Dollar

August 17, 2020 04:00 - 27 minutes - 19 MB

Greg makes the prediction of the year. One that might end the American Republic as we know it. And with it, the Federally subsidized American stock market rally of a thousand years.  In more prosaic news, gaming darling Fortnite rebels against the mobile app duopoly of Google and Apple. In retaliation, both empires yank Fortnite from their app stores as the battle over toll house fees rages on. 

The Cold War comes to TikTok

August 08, 2020 23:00 - 29 minutes - 20.6 MB

Trumpus starts messing with Chinese tech, moving for the ejection of TikTok and Tencent from these shores.  Microsoft angles for the American branch of TikTok, hoping to diversify into social media. And Tencent shares get pummeled on Friday.  James finally reclaims 2020 with EDIT and PLUG soaring, proving that the Catchy Stock Ticker strategy is unassailable.  And Robert exits Facebook and Gold.

Tech Monopoly Money

August 02, 2020 01:00 - 27 minutes - 18.6 MB

Congressional grandstanding comes to Zoom, as the robber barons of tech attend a conference call about their staggering wealth and power. The result? Nothing.  Followed by a resounding success in their subsequent earnings calls, catapulting Amazon, Facebook & Apple to new highs. And cementing even further the rally of unregulated tech monopolies that has characterized the post COVID bull market.  We are now touching earnings multiples not seen since the tech bubble of 2001. But this one s...

Books

The Secret History
1 Episode