Scott and Ed open the show by discussing the aluminum and steel tariffs, Trump’s plan to close the carried interest loophole, and Elon Musk’s bid for OpenAI. Then Alice Han, China economist and director at Greenmantle, returns to the show to break down the potential impact of Trump’s tariffs on China’s economy. She explains how China’s weak consumer environment is driving down prices domestically, weighs in on what the “Sputnik moment” of DeepSeek means for China’s place in the AI race, and offers her take on the country’s relationship with Elon Musk. Finally, Alice shares why she believes we’re entering a period of heightened geopolitical instability. Subscribe to the Prof G Markets newsletter Come see us live at SXSW Order "The Algebra of Wealth," out now 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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Buying a house has long been considered the best way to build wealth and move into true adulting.
Isn't it? I mean, at least that's what society wants us to think. Gotta get a Birkin, gotta get a home, you know.
Okay, the handbag you can probably manage without. But what about a house? Surely that's actually good, right? We're going to find out this week on Explain It To Me. New episodes every Sunday morning, wherever you get your podcasts.
Today's number, $85 million. That's how much the U.S. Mint lost producing pennies last year. By the way, did you know that more money is spent on breast enhancement, Viagra, than on Alzheimer's research? At this pace, by 2040, the elderly will have big tits, stiff cocks, and no fucking idea why. That makes me happy. That makes me happy. Okay. And now Albrecht's China expert.
Welcome to Prop G Markets. And this is definitely not CNBC.
Ed Banter, where are you? I'm in New York, as usual. I'm actually heading to Mexico this weekend, which will be fun. Por qué, Eduardo? My friend's doing a big birthday bash, so we're all going, a bunch of me and my friends are heading out to Puerto Escondido. Where's that? I don't know that. It's in Oaxaca, I believe.
I'm going to go to Mexico City first, and then we're going to hit Puerto Escondido, and going to go surfing and dancing, and yeah, it'll be a good time. Are you guys really going surfing? That's on the agenda. I'm terrible at surfing. I've done it once, and I sort of decided I was never going to do it again.
In fact, I did it for the first time with the Prof G team, and it was a pretty laughable attempt, Claire can attest. So we'll see. Maybe I'll try it again. You're tall. It's hard for tall guys to be good surfers. Exactly.
That's what I said. Have you done it? I've tried. I'm like you. I could actually surf when I was younger. Pretty much my entire athletic life could be summarized as peaking when I was 13. And so I was actually a decent surfer when I was about 13. I lived in Laguna for a while. But ever since then... I go to Brazil and, you know, I'm quote-unquote claimed to surf.
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