Tariff Chaos & Trading on Inequality — ft. Gary Stevenson

Prof G Markets

Vox Media Podcast Network

Entrepreneurship, Investing, Business

4.6 • 722 Ratings

🗓️ 10 April 2025

⏱️ 71 minutes

🔗️ Recording | iTunes | RSS

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Summary

Scott and Ed dive in and break down the massive volatility in the markets this week due to Trump’s tariffs. Then Gary Stevenson, host of the Youtube channel Gary’s Economics, joins the show to break down the roots of wealth inequality. He explains what he learned from the 2008 financial crisis, offers ideas for what could help bring back a strong middle class, shares his perspective on the trade war, and gives practical advice for navigating this rapidly changing world. Vote for Prof G Markets at the Webby Awards Subscribe to the Prof G Markets newsletter 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

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0:00.0	Support for the show comes from public.com. Whether you're a seasoned investor or just dipping your toe in for the first time, consider public.com. That's where you can invest in everything and even earn a 6% or higher yield that you can lock in with a bond account. Visit public.com slash prop G and get up to $10,000 when you transfer your old portfolio. That's public.com slash prop G.
0:22.6	Paid for public investing, all investing involves the risk of loss, including loss of principal,
0:26.7	brokerage services for U.S. listed registered securities, options, and bonds, and a self-directed
0:31.0	account are offered by Public Investing, Inc. member FINRA and SIPC, complete disclosures
0:36.0	available at public.com slash disclosures.
0:42.3	If you think talking about finances in general is hard, try talking to your parents about money.
0:48.8	What you don't want to do is like, do you have any money? What's going on?
0:52.3	You don't want to come at them in a more
0:54.9	adversarial way. Or, as I said, you don't want to come out like you're now the parent.
1:00.6	What to do about the ups and downs of your 401k? If you or someone you care about plans to retire soon,
1:07.8	that's on the next Explain It to me. New episodes every Sunday morning.
1:15.1	Today's number five. That's a percentage of avocados consumed across the U.S. that Chipotle
1:19.9	purchased last year. Ed, for me, working at Chipotle for free burritos was like working in
1:25.9	porn and that it was fun, but it was really rough on my asshole.
1:41.4	This is not CNBC.
1:44.3	This is not CNBC. This is not CNBC.
1:46.8	Ed, how are you?
1:48.6	We're doing well.
1:49.6	Your joke doesn't even make sense.
1:51.9	You really don't get that?
1:53.1	I do.
1:53.5	I get it.
	...

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