Unpacking Germany’s Historic U-Turn on Spending — ft. Carsten Brzeski

Prof G Markets

Prof G Media & Vox Media

Investing, Entrepreneurship, Business

4.3 • 1.4K Ratings

🗓️ 27 March 2025

⏱️ 60 minutes

🔗️ Recording | iTunes | RSS

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Summary

Scott and Ed open the show by discussing Apple’s $1 billion annual loss on AppleTV+, Silver Lake’s move to take Endeavor private, and Nike’s latest earnings report. Then Carsten Brzeski, Global Head of Macro Research and Chief Eurozone Economist for ING, joins the show to break down Germany’s political and economic landscape. He unpacks the growing fragmentation among political parties and explains the country’s longstanding reluctance to take on debt. Carsten also breaks down the recent surge in capital allocations to the Eurozone and weighs in on whether this could mark the beginning of a sustained multi-year rally. 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	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 116. That's the percentage increase in egg interceptions by customs at the U.S.
0:40.3	Mexico border in the first two months of this year.
0:42.8	A true story.
0:44.0	I was at a farm and I hurt my ass.
0:46.7	I didn't know whether to see the proctologist or a vet.
0:49.2	In 1997, no me don't know, Get it because I was having sexer. I have a dildo farm. Unfortunately, it's You're literally low IQ with my porn jokes. Well, Claire's law. unfortunately was taken over by squatters.
1:14.1	Jesus Christ, you're literally low IQ with my porn jokes.
1:16.6	Well, Claire's laughing, so yeah, clearly I don't get it.
1:22.1	That's because her prefrontal cortex, which is executive function and management ability and ability to interpret profanity are 18 months ahead of years. It'll catch up soon, though.
1:28.9	I still can't put it together. Take me through it for the low IQ brain. No, no, no, no, no, no, no.
1:35.2	No one needs to hear a guy my age explaining squatting and dildos. Oh, got it. Got it. Oh, you got it.
1:46.8	There you go, little soldier. You'll get there.
1:52.3	Very slow this morning, clearly. How are you doing? I'm doing well. I'm excited about, I'm taking my son on his college store on Saturday. I'm excited about that. What I call the places he won't get in.
1:57.2	Where are you going? Can you show? We're going to Wisconsin. We're going to Illinois.
2:01.6	We're going to Michigan.
2:03.0	We're going to Virginia.
	...

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