The Economic Fallout of a Government Shutdown & Why Fermi Will Be the Worst IPO of 2025

Prof G Markets

Prof G Media & Vox Media

Business, Investing, Entrepreneurship

4.3 • 1.4K Ratings

🗓️ 1 October 2025

⏱️ 25 minutes

🔗️ Recording | iTunes | RSS

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Summary

Ed Elson is joined by Stephanie Roth, chief economist at Wolfe Research, to unpack how a government shutdown could impact the economy. Then, he dives into Fermi America, a new company going public, and explains why he thinks it may be the year’s worst IPO. Vote for Prof G Markets at the Signal Awards Check out our latest Prof G Markets newsletter Order "The Algebra of Wealth" out now Subscribe to No Mercy / No Malice Follow Prof G Markets on Instagram Follow Ed on Instagram and X Follow Scott on Instagram Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0	This week on Unexplainable?
0:02.2	Zombies.
0:03.3	In a world where a team of scientists, they're studying zombie bugs, and they're like,
0:09.7	Oh, hey, wouldn't it be great if we could manufacture an artificial version of this zombie
0:14.5	virus and release it into the wild?
0:16.6	What could possibly go wrong?
0:19.0	Everything goes wrong.
0:22.4	Kill them.
0:23.4	Kill the cockroaches.
0:24.8	You can't kill a cockroach if it's already undead.
0:30.5	Follow unexplainable wherever you get your podcasts.
0:34.5	Here is a big existential question for every media company today.
0:39.7	Do they fight the AI tech overlords or do they just take their money?
0:44.4	So far, most of them are taking the money.
0:47.1	But a few are fighting.
0:48.6	One of them is Zip Davis.
0:51.0	This is Peter Kafka, the host of channels.
0:53.7	And on this week's episode, I'm talking to
0:55.2	Ziff Davis, CEO of Vivek Shah, who tells me he's kind of optimistic about the media business
0:59.8	and why he's taking on the people behind ChatGBT. That's this week on channels, wherever you
1:05.7	listen to your favorite podcast. Today's number 32. That's how many leather panels comprise the average soccer ball as well as 642
1:16.6	stitches. The panels and stitching help to maintain the ball's shape, similar to Laura Luma's face.
	...

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