From the Vox Media Podcast stage at SXSW, Ed and Scott discuss Apple’s decision to delay AI updates for Siri, Sony’s fight against deepfakes, and why the United States is considering banning DeepSeek. They then break down why the big banks are predicting an increased recession risk, exploring the recent pain in the stock market and the potential fallout if a recession hits. They also discuss how tariffs are driving up the cost of building a home, and Scott challenges the notion that home ownership is the best path to wealth. Finally, Scott fields some audience questions to close out the show. 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
Full Episode
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 eight. If Texas was its own economy, it'd be the eighth largest nation in the world. True story. Last night, I got a little fucked up, went upstairs, took an edible Sunday night. It was bored, so I went down to the bar and I met this really hot guy. And I just kind of slipped out. I said, I have an enormous dick. And he said, but I don't like big dicks.
To which I responded, how do you feel about liars? By the way, the reason I make so many dick jokes is not because I'm profane, but we really need to show more empathy for dicks themselves. I mean, think about it, right? Their hair is always messed up. Their family is nuts. Their neighbor is an asshole, and their owner is always beating them. This is not CNBC. Welcome to Prof G. Marcus.
Don't clap. By the way, Ed, can we talk a little bit about your dress? Please. It sort of says, I surrender. You know, I got, dude, Brunello, a little rag and bone that are like, your kids are likely to survive with me. This says, you know, aging skateboarder, but rich, right?
But rich, that's the most important part.
I just can't, this morning you stood in front of the mirror and said, that works.
I just point out, this is my mentor. This is all I've got. And this is how we start the show. Unpaid internship. Unpaid internship. Career experience. Let's get to the headlines. Let's do it.
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