Krystal Ball

So yes, it was like a little bit of a blip, but I think that we have to focus on it just to make sure that we're covering our bases because in the future, a massive drop in those chip stocks will significantly deplete all of the gains from the S&P 500.

It won't erase all of them, but so much of your current wealth is tied up in that, no matter who you are, really, because it's not like your companies and others aren't betting on that, that it will mean genuine catastrophe for U.S.

markets.

And that is actually what will push us into a full-blown recession, if something like that happens.

Yeah, and I think what this highlights too is, look, while everybody's looking at AI, the general cost for all of us, let's go to the next one, shall we?

D5, for example, we haven't talked about jet fuel here in a while.

Airlines have faced a $100 billion hit on jet fuel from the Iran energy shock.

Industry warns that profits will be halved by the surging energy costs.

Oh, I mean, yeah, feeling so bad for airline profits, but we also know what that means is that these prices, they're never going back down.

We talked about some of those new surcharges that United and American and all those other people have added after the war and even across the world.

So when JetFuel is trading at like half the price in, I don't know, like three or four years, I can virtually guarantee you that price or those surcharges will continue to be there.

and that is the general quote and shitification i think of the u.s economy you will see continued inflation be used as an excuse both because of supplier cost but all because they want to of general increased price and it will never go down we were talking earlier uh outside of the show about these nix tickets i think this is a perfect example is that you have an immense amount of wealth with the s p where it's at the wealthy 10 of americans have so much unbelievable amounts of money

People are out there paying eight grand for nosebleed tickets to Madison Square Garden.

I told you about the US Open.

People are out there paying 6,000 bucks for normal US Open tickets, which previously would have been something that you could go to the NBA final.

Apparently the World Cup, at least in some of these more luxury cases, is the same.

F1 is another example.

It's just purely for the super rich.

And it's only continued to explode.

All those prices continue to go up.