The Best One Yet
📉 “Worst Drop Since ‘22” — The crazy recession theory. Skype’s audio logo. Touchland’s viral hand sanitizer.
Tue, 11 Mar 2025
Stocks had their worst day since 2022 because of T.R.I.C… “Trump’s Recession Idea Concept”Touchland is the 1st hand sanitizer to go viral… Because it turned Purell into a fashion accesory.Skype is shutting down in May… but we think it’s the most innovative tech biz ever #RIPPlus, how Costco’s Kirkland brand disrupted the entire private label industry.$MSFT $TSLA $HOODWant more business storytelling from us? Check out the latest episode of our new weekly deepdive show: The untold origin story of… Costco’s Kirkland 🌭— Subscribe to The Best Idea Yet to listen: Wondery.fm/TheBestIdeaYetLinks “The Best Idea Yet”: The untold origin stories of the products you’re obsessed with — From the McDonald’s Happy Meal to Birkenstock’s sandal to Nintendo’s Susper Mario Brothers to Sriracha. New 45-minute episodes drop weekly.—-----------------------------------------------------Subscribe to our new (2nd) show… The Best Idea Yet: Wondery.fm/TheBestIdeaYetLinksEpisodes drop weekly. It’s The Best Idea Yet.GET ON THE POD: Submit a shoutout or fact: https://tboypod.com/shoutouts FOR MORE NICK & JACK: Newsletter: https://tboypod.com/newsletter Connect with Nick: https://www.linkedin.com/in/nicolas-martell/ Connect with Jack: https://www.linkedin.com/in/jack-crivici-kramer/ SOCIALS:Instagram: https://www.instagram.com/tboypod TikTok: https://www.tiktok.com/@tboypodYouTube: https://www.youtube.com/@tboypod Anything else: https://tboypod.com/ Subscribe to our new (2nd) show… The Best Idea Yet: Wondery.fm/TheBestIdeaYetLinksEpisodes drop weekly. It’s The Best Idea Yet.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Chapter 1: What caused the worst stock market drop since 2022?
could be interpreted in two totally different ways, which is what we're about to do. First, on Twitter, a lot of people think that a recession could be a genius short-term cure to long-term inflation. Here's the crazy recession theory. People are speculating that Trump wants a recession to happen early in his term because it will fix the economy quickly. You can pause the pod for a second.
We'll explain why breaking the economy could actually fix the economy. Here's our best shot at an explanation of this conspiracy theory. For nearly four years now, we've had a big inflation problem that came with high interest rates too. Basically, you're paying more for your egg omelets and more for your mortgage.
But if we had a quick recession, as the theory goes, people would stop buying things and inflation would finally go away. And with that economic shrinkage, the Fed would then cut interest rates, which would make it easier to borrow money, which would help restart economic growth again. Boom. A short-term economic painful recession could kill inflation and end high interest rates.
It's almost like you flick one switch that tanks the economy, and then you flick another switch that brings it right back.
And since it would happen so early in Trump's term, he would enjoy three plus years of us buying homes at lower mortgage rates, the housing market getting rekindled, consumer confidence going up, and inflation being a thing of the past.
Now, Jack, I got to ask, won't some people lose their jobs if we have even a mini recession? Yeah, Nick, a recession would lose some jobs. But we just learned the last few years that inflation is the greater evil when it comes to economics. Oh, we hate inflation. So that's the crazy recession theory.
Or another way to think of the crazy recession theory, Jack, is Trump's radical recession idea concept, the acronym of which is TRIC.
I'm going to stick with crazy recession theory. Trump is breaking the economy in order to quickly fix it.
And the reason we use the word crazy is because it sounds like a huge risk to just play economic god and, again, turn off the switches of the economy. Easy as that. Every president in the history of the country has tried to avoid a recession. Now he's trying to do one on purpose. So that's the crazy theory. But the other theory for all this Wall Street whiplash is actually our takeaway.
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Chapter 6: How does Costco's Kirkland brand disrupt the industry?
But if you need to phone a friend, call Jack.
If it's about the Kirkland brand, I'll know the answer. This is Jack. Nick and I both own stock in Robinhood and ETFs in the S&P 500. And I have about four gigantic Kirkland-branded peanut butters in my pantry right now.