Scott and Ed dig into the rubble of the record breaking $6.6 trillion sell-off following Trump’s tariffs announcements. They break down how Trump determined the tariff rates, what the tariffs will do to company earnings and the real economy, and offer advice on how to deal with turmoil in the markets as an investor. 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
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Today's number, $6.6 trillion. That's how much value the U.S. stock market shed following Trump's tariff announcement. A record-breaking two-day wipeout. Ed, I just came from a necrophiliacs anonymous meeting and suddenly I donned on me, what happens if I die here?
How are you, Ed? How are you? I'm doing okay, Scott. How are you? Are you reacting badly to these tariffs? What's going on with you? So I'm an emotional tidefall right now, not for the reason you probably think.
I lost, I don't know, mid-single-digit millions, maybe $10 million on the 48 hours on Thursday and Friday. But that's the bad news. The good news is that means you have a lot of money to begin with. I'm blessed.
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