Hello everyone. The Federal Reserve and Drone Powell, they made their big decision today. The US economy is booming.We got data on why buying all-time high stock prices may actually be a good idea. And Netflix's Ryan Sorant, he unpacks what's happening with home affordability in America. We're live today from the desk of Anthony Pompiano.Before we get into today's episode, I need your help. My goal is to get to 1 million subscribers on YouTube. That's a big, hairy, audacious goal, but with your help, I'm go ...

But I want to lay out the argument for the Fed to do something different. I want to actually argue that they should make a 50 basis point cut. So first, we know the labor market is softening.We see that the fears are rising that a broader slowdown or recession could happen if we don't aggressively address the situation. Non-farm payrolls, they added only 119,000 jobs in September. It's a sharp deceleration from post-pandemic averages and the report came in below economic expectation.So due to this decelerat ...

This is kind of crazy. The Wall Street Journal's got a new report. It's talking about OpenAI chief executive Sam Alman.They say that he's explored putting together funds to either acquire or partner with a rocket company. They claim that this move would position him to compete against Elon Musk's SpaceX. Now, the talks are no longer active.OpenAI is claiming. And now it looks like this was simply an exploratory conversation. But here's my takeaway.The first thing you can't deny, Sam Alman is incredibly ambi ...

Economic Outlook & Monetary Policy - The Fed's shift towards easier monetary policy, including ending quantitative tightening and leaning towards lower interest rates, is expected to inject liquidity into markets, potentially driving up asset prices [1] - The current GDP growth of approximately 4% is considered strong, comparable to Asian economies, while job weakness is attributed to foreign-born workers returning home, with American worker numbers remaining solid [1] - The Fed's actions are often perceived as benefiting Wall Street, creating a reverse Robin Hood effect where economic crises benefit the wealthy who own assets [3] - The Fed aims for a 2-3% inflation rate to avoid upsetting voters and facing potential congressional intervention, limiting its ability to print excessive amounts of money [2] AI & Technology - AI is currently in a bubble phase, similar to the dot-com era, with potential for further growth due to easy money funding new technologies [1] - AI is not primarily impacting blue-collar jobs but rather white-collar cubicle workers in IT, customer service, accounting, and HR [6] - The AI bubble is still in its early stages, focusing on semiconductor companies like Nvidia and Taiwan Semiconductor, with the "stupidity" phase of malinvestments yet to come [5] Immigration & Labor Market - Mass deportations historically lead to 5 to 10 times more people leaving than are actually deported [4] - Immigration does not necessarily solve labor shortages but rearranges wages, potentially crashing wages for low-skilled Americans while raising demand for skilled workers [4] - Removing immigrants can raise wages for low-income individuals and lower wages for high-skilled individuals, with an unclear overall impact on inflation but a reduction in headline GDP [4] Investment Strategies & Asset Bubbles - The big trade right now is AI, which is considered to be in a bubble, but it may have a few years left to run [5] - Gold and silver are driven by liquidity and the debasement trade, betting on a future crisis due to a lack of structural reforms on budget deficits [5] - Bitcoin's momentum is being affected by AI, as speculators are shifting their focus, but its debasement argument remains strong [5] Social & Political Commentary - Communism resonates most with elite kids who are losing status, driven by factors like deportations and the impact of AI on white-collar jobs [6] - Government interference often leads to negative consequences, and the battle between freedom and socialism is a constant one [13][14] - UBI may disincentivize work and reinforce poverty, potentially becoming politically appealing during the next recession due to AI-related job losses [7][8][9][10][11][12]

Who's going to be the next Federal Reserve chairman. President Trump seemed to give us a little hint. Watch what he said here about Kevin Hasset.>> I guess a potential Fed chair is here, too. I don't know. We allowed to say that potential.He's a respected person that I can tell you. Thank you, Kevin. >> So, who exactly is Kevin Hasset and do we think this is a good choice.He's a well-known supply side economist. He wants to unleash economic growth through tax cuts, deregulation, and accommodative monetary p ...

AI Funding and Infrastructure - The AI industry faces questions regarding funding, data centers, and chip availability [2][3] - Nvidia's CEO emphasizes the need for energy growth to support AI and industrial growth [7][8] - Small nuclear reactors, potentially hundreds of megawatts in size, are proposed as a solution for powering AI infrastructure [11][12] Nvidia's Performance and Jensen Huang's Influence - Nvidia's stock has increased by 25% in the last year and 1,200% in the last 5 years [14][15] - Jensen Huang is seen as a key figure in AI, with his views on energy and national security impacting the industry [4][5] Cryptocurrency and Wall Street - BlackRock's Larry Fink acknowledges being wrong about Bitcoin and now supports it [17][19] - Cryptocurrency and traditional finance are converging, with Wall Street adopting crypto technology [20][21] - Bitcoin ETF is now the most profitable product at BlackRock [17] OpenAI and Competition - OpenAI's Sam Altman explored competing with SpaceX, considering an equity investment in a rocket company [24][25] - OpenAI faces internal concerns about competition from Google AI [30] - Overextending into multiple areas, like rocketry, could dilute OpenAI's focus and resources [29][31]

Hello everyone. There's massive speculation on who's going to be the next Fed chairman. The SEC is cracking down on highly leveraged ETFs.And Google AI, they just revealed a mindblowing video that's going to show you how valuable AI is going to be. We're live today from the desk of Anthony Pompiano. [music] Before we get into today's episode, I need your help.My goal is to get to 1 million subscribers on YouTube, but right now we only have 40,157. Every single one of you watching this video right now, hit t ...

Industry Competition - The satellite internet market is becoming a battleground between SpaceX's Starlink and Amazon's Leo Ultra [1][2] - Amazon's Leo Ultra is positioned as a competitor to Starlink, indicating a direct rivalry in the space-based internet sector [1] - The competition is driven by Elon Musk and Jeff Bezos, who aim to dominate space and provide global internet access [3] Product Features - Amazon's Leo Ultra terminal features full duplex phased array technology, weatherproof design, and an integrated heat sink [2] - The terminal is designed for enterprise-grade use and can be pole-mounted [2] Deployment Status - Amazon Leo already has 150 satellites in orbit, with initial network testing underway [3]

Hello everyone. There's major breaking news in America today. Michael Dell, the famous investor and entrepreneur, he's announced a $6.25% billion donation that could change America forever. This is crazy and we're going to break it down. Elon Musk is then going to explain how the world's richest man invests his money and I will break down for you what's happening with correlations between stocks, gold, and Bitcoin. We're live today from the desk of Anthony Pompiano. Before we get into today's episode, remem ...

Poverty Line Calculation - The traditional poverty line calculation, based on families spending one-third of their income on groceries, may be outdated [1] - The original formula was developed by Molly Orch, observing that families spent roughly 33% of their income on groceries [1] Shift in Household Spending - Between 1963 and 2024, household spending composition has significantly changed due to exploding housing costs, healthcare expenses, and childcare costs [2] - Food at home now accounts for only 5% to 7% of household spending for most families [3] - Housing now consumes 35% to 45% of household spending [3] - Healthcare accounts for 15% to 25% of household spending [3] - Childcare can consume 20% to 40% of household spending for families with young children [3] Revised Poverty Threshold - Applying the original logic with updated spending proportions, the multiplier should be 16 instead of 3 [4] - The income inadequacy threshold for a family of four is estimated to be between $130,000 and $150,000 per year [4]