Is Jerome Powell Lucky or Good? — ft. Robert Armstrong

Prof G Markets

Vox Media Podcast Network

Entrepreneurship, Investing, Business

4.6 • 722 Ratings

🗓️ 26 September 2024

⏱️ 56 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Scott and Ed open the show by discussing Qualcomm’s potential acquisition of Intel, Nike’s new CEO, and Microsoft’s deal with Constellation to re-open Three Mile Island. Then Robert Armstrong, US financial commentator for the Financial Times, joins the show to discuss the Fed’s interest rate decision. He explains why he wasn’t surprised about the Fed’s 50 basis point cut and why he thinks the Fed’s optimistic view on inflation is justified. Finally, he breaks down Intel’s fall from grace and gives his perspective on Trump and Harris’ economic plans. Order "The Algebra of Wealth," out now Subscribe to No Mercy / No Malice Follow the podcast across socials @profgpod: Instagram Threads X Reddit Follow Scott on Instagram Follow Ed on Instagram and X Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0	If you think talking about finances in general is hard, try talking to your parents about money.
0:07.0	What you don't want to do is like, do you have any money, what's going on?
0:11.0	You don't want to come at them in a more adversarial way.
0:15.0	Or, as I said, you don't want to come out like you're now the parent.
0:19.0	What to do about the ups and downs of your 401k?
0:22.6	If you or someone you care about plans to retire soon, that's on the next explain it to me.
0:28.4	New episodes every Sunday morning. Today's number $4,000. That's a starting cost of rent for a studio apartment in Goldman's former NYC headquarters.
0:40.9	I don't know if you heard this, Ed.
0:41.9	True story.
0:42.4	They're actually pulling everyone back from work from home, which I hate.
0:46.6	I love masturbating at my desk and no one calls HR.
0:49.6	In 1997, no, no, no, lochresient, Welcome to Prop.
1:04.2	That wasn't that good.
1:05.2	No one's laughing.
1:06.1	I need another one.
1:07.9	I'm your audience.
1:09.6	Ed, I'm desperate for your affirmation.
1:11.8	Everyone thinks your, everyone's like, oh, Ed's so smart.
1:14.8	People come up to me on, literally come up to the street and like, oh, you're, you're Ed Ellison's co-host on that podcast, right?
1:22.3	And I'm like, yeah, that's exactly who the fuck I am.
1:26.1	That's not true. I got a message today saying, hey, Ed, like, God, what do you say?
1:31.2	He said, so good to see that you work at Scott Galloway.
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Vox Media Podcast Network, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Vox Media Podcast Network and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.