In this episode, we break down why October 2025 saw the highest job cuts in 20 years AFTER rate cuts, why tariff inflation never materialized (hint: elasticity matters), and how the Mag 7 now controls 40% of the S&P 500.

We dive into:

• ​Why the Fed ignoring AI is a massive problem
• ​The two-economy split crushing Gen Z
• ​How tariffs actually work vs. what everyone predicted
• ​Why this isn't like the dot-com bubble (it's different, not better)
• ​The circular revenue problem in Big Tech nobody's discussing

Plus: Jerome Powell's blind spot, Trump's tariff strategy decoded, and why your ability to get a job might depend more on whether you own stocks than your actual skills.

Topics: economy, stock market, inflation, Federal Reserve, interest rates, AI bubble, tech stocks, S&P 500, recession, GDP, tariffs, Trump economics, job market, Gen Z, unemployment, investing, finance, Wall Street, NASDAQ, market crash, economic analysis, Jerome Powell, rate cuts, Magnificent 7, NVIDIA, Apple, Amazon, Google, Meta, Microsoft, Tesla

Follow us @jasperandemilefinance for daily market takes and analysis.

#economy #stockmarket #investing #finance #podcast #AI #technology #tariffs #inflation #federalreserve #interestrates #recession #jobmarket #genz #wallstreet #markets #trump #economics #financepodcast

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#economy #recession #investing #stockmarket #finance #AI #jobmarket #genz #inflation #federalreserve #financetok #wealthgap #economics #markets #GDP

Visual style: Quick cuts, mix of you talking to camera + screen recordings of actual data + maybe a simple chart overlay. Raw, urgent, documentary-style. Not overproduced.

Why it'll work: Shocking stat, builds tension, explains something people feel but can't articulate, promises answers, creates urgency for the Monday drop.

RetryJRetryClaude can make mistakes. Please double-check responses.

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Passing the Torch Podcast - Episode #5: Building Billion-Dollar Companies with Julie Wainwright

Good morning, and welcome back to the Passing the Torch Podcast! Today is Monday, October 13th, and we have an incredible guest joining us.

Over 90% of startups fail within the first five years, yet everyone seems to have a "million-dollar idea" in their pocket. So what separates the ones that crash and burn from the few that actually transform industries?

Today, we're joined by Julie Wainwright, founder and former CEO of The RealReal—the world's leading luxury resale marketplace that she grew from a bold idea into a billion-dollar publicly-traded company. Julie revolutionized how we think about luxury and sustainability, creating an entirely new market for authenticated pre-owned luxury goods.

But her entrepreneurial journey is even more remarkable. Before The RealReal, Julie was CEO of Pets.com during the dot-com era—an experience that became the cornerstone of her resilience and taught her invaluable lessons about building lasting companies.

In this conversation, we dive deep into:

• What it really takes to build a vision from the ground up
• Navigating failure and coming back stronger
• The challenges of disrupting established industries
• Leading teams through uncharted territory
• Lessons from taking a company public

Whether you're an aspiring entrepreneur, an investor, or just curious about the story behind brands that shape our world, this episode is packed with actionable insights.

This episode is brought to you by:

MUD\WTR - Ditch the coffee jitters for clean, sustained energy at MUDWTR.com/jasperemile

Descript - Edit your podcast like a pro at descript.com/PTT

Make sure you follow us on Spotify, subscribe on YouTube, or wherever you get your podcasts. Let's pass the torch.

In this mind-bending episode, we sit down with renowned economist and futurist Robin Hanson to explore the frontier of artificial general intelligence. What happens when AI matches—and surpasses—human-level cognition? Robin walks us through potential future scenarios, from brain emulations and whole-brain simulations to radically transformed economic and social structures.

We dive deep into the implications of AGI: How will society reorganize itself? What happens to work, creativity, and human purpose? Could we be living through the most consequential technological transition in human history?

But we don't just theorize—we test the waters ourselves. Emile and I conduct a live Turing test on the show, putting AI to the ultimate challenge: Can it convince us it's human? The results might surprise you.

Whether you're an AI optimist, skeptic, or somewhere in between, this conversation will reshape how you think about intelligence, consciousness, and what it means to be human in an age of thinking machines.

Sponsors:

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Descript: https://get.descript.com/PTT

What drives ordinary people to commit extraordinary acts of violence in the name of politics? In this eye-opening episode, we sit down with renowned terrorism expert Jessica Stern to unpack the psychology behind political extremism and the rising tide of violence threatening democracies worldwide.

Stern, a Harvard lecturer and former National Security Council advisor who has interviewed everyone from white supremacists to Islamic militants, takes us deep into the radical mindset. We explore how grievance transforms into rage, why some people cross the line from protest to violence, and what warning signs we're missing in our own communities.

From January 6th to international terrorism, from lone wolf attacks to organized movements—we examine the spectrum of political violence and ask the uncomfortable questions: Are we more vulnerable than we think? How do social media and echo chambers fuel radicalization? And most importantly, how do we pull people back from the brink?

This isn't just about "them"—it's about understanding the dangerous currents running through our polarized society and what we can do to stop the next attack before it happens.

Warning: This episode contains discussions of violence and terrorism that some listeners may find disturbing.

Welcome to the very first episode of Passing the Torch, the podcast where high school students prove that Gen Z can engage in serious, rigorous intellectual discourse without losing our authenticity.

In this inaugural episode, we pull back the curtain and introduce ourselves. You'll meet your hosts as we share our backgrounds, what drives our passion for meaningful conversation, and why we believe our generation desperately needs a space for deep thinking in an age of soundbites and hot takes.

We discuss:

• How we met and discovered our shared frustration with the intellectual void in youth media
• Our academic interests and what we're each bringing to the table
• The inspiration behind "Passing the Torch" and what the name means to us
• Why we think high schoolers are capable of so much more than they're given credit for
• Our vision for creating content that's both genuinely youthful AND intellectually rigorous
• The uphill battle we're facing in a culture that often rewards surface-level thinking
• What you can expect from future episodes and the kinds of conversations we want to have

This is us being real, unpolished, and honest about why we're doing this. No guests, no agenda – just two high school students who believe that smart doesn't have to mean stuffy, and that our generation is hungry for conversations that actually matter.

Consider this our mission statement, wrapped in the kind of authentic conversation we hope to bring to bigger topics. If you've ever felt like you're the only young person who wants to dig deeper, this episode is for you.

Duration: 28 minutes Recorded: 9/17/2025

Passing the Torch is a podcast dedicated to bringing educated, civil, and rigorous intellectual discourse to the forefront of Gen Z culture. New episodes weekly.

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