WATCH: Why the Pentagon Is Hiring Wall Street Bankers
The episode examines the Pentagon's new initiative to recruit Wall Street investment bankers for a 30‑person economic defense unit tasked with deploying up to $200 billion over three years into sectors deemed vital to national security, such as minerals, drones, and energy. Guest journalist Liz Hoffman explains that the unit will leverage bankers' expertise in identifying and structuring strategic stakes in private companies, a move aimed at countering China’s growing military‑industrial capacity. The discussion highlights the government's intent to acquire equity in critical industries, offering high salaries and unprecedented access to capital, while raising concerns about the blending of public authority with private‑sector control.
War With Iran Is Rewriting Global Markets
In this episode of Prop G Markets Live, Scott Galloway and Ed Elson examine how the ongoing war with Iran is reshaping global financial markets, highlighting disruptions in oil supply, heightened geopolitical risk premiums, and shifting investor sentiment. They also...
You Think You're Diversified, AI Disagrees — with Torsten Slok
In this episode, hosts Ed and his co‑host chat about recent travels before diving into a conversation with Torsten Slok, partner and chief economist at a major investment firm. Slok challenges listeners’ assumptions about portfolio diversification, explaining how AI tools...