Damn... Scott is as good as ever but Ed has been putting in the work. He has consistently been bringing in extremely thought-out and deeply researched points and context. Great work guys!
An Expat in Germany here: Regarding building and growing businesses, I believe the regulations for starting a business play a significant role in the lack of unicorns in Germany. To start a limited liability company (GmbH) in Germany, you need a starting capital of €25,000, compared to an LLC in the U.S., which costs between $150 and $1,000. This difference is substantial. And the bureaucracy in Germany-don’t even get me started on that. You can start a 'UG' (entrepreneurial company) for less, but most people don’t trust a UG because it signals that you’re a new company without the €25,000 required to establish a proper GmbH.
It’s really heartbreaking to see how inflation and recession impact low-income families. The cost of living keeps rising, and many struggle just to meet basic needs, let alone save or invest. It’s a reminder of the importance of finding ways to create financial opportunities. You've helped me a lot sir Brian! Imagine i invested $50,000 and received $190,500 after 14 days
German here, so nice to hear your analytics and praise about this country! We do have a big age gap which results right now in higher costs of health insurance for everyone. As you mentioned, the government is spending a lot of money in infrastructure bc in the last 16 years the CDU under Merkel did next to none upkeep so now there's a lot of expensive replacements and maintainance of bridges and tracks. There was always money for cars and roads, since the auto lobby is huge. Yet they are struggling lately, lots of small and middle size companies for auto parts are laying off or shutting down, like ZF in Friedrichshafen. Maybe this means "Die fetten Jahre sind vorbei" - the fat years are over.
The system in Germany makes you lazy, or let's say dormant. Tax on minimum wage is very low and it grows rapidly even if bump in wage is small. Because of this companies want most of their workers to have very low wages. Workers are well protected, so companies don't fire people unless they really have to. All this created a workforce that is lazy and careless, and I don't blame the people, why would you try hard if can get paid decent amount while doing basically nothing. Germany still has a hungry automation industry, with a lot of smaller companies, and of course Siemens. The problem here is that automated production favors low quality products which was never a feature of German production.
Hey Guys, You touched on it but didn’t drive it home. Germany is declining bec of its messed up energy policy of shifting away from the most efficient nuclear fleet on the planet, to wind & solar where “the wind don’t blow & the sun don’t shine”!!! No wonder industries are moving out in droves, & it shows up in the numbers.
Ed has really stepped up his game. Seems like a real asset to have. Love the dynamic with you two. Is there a back story. I'm sure it's been told by how did this fine young lad get in the mix with Scott?
It was in a past podcast but Ed’s mom knew someone who knew Scott and Ed wanted to get to know Scott so he took a shot in the dark to try to get connected with Scott and it worked out
As a German, let me tell you that the same “progressive” values that Prof G. admires, for which he seems to be so fond of Germany, are at the root of Germany's economic and social decline.
Startup culture is limited in part because Germany does not allow stock options and so its hard to attract Silicon Valley talent. They need to change the laws. Heavily regulated in-general and hard to see AI thriving here. Germany is an aging population and can't integrate foreigners well because German language is much harder to learn than English and has less usability outside of Germany,. At the same time, Germany often resents foreigners that do not speak German. Germany chose to lose access to inexpensive energy in favor of USA partnership. This had a catastrophic effect on chemicals, manufacturing, exports.
There were some law changes last year to address the stock option problem. If you are interested in reading up on this, search for articles about vsop & esop. Not sure though if these changes actually fix the general problem. And just an addition about the language: It's not just the German language & limited usability outside of Germany: Many qualified foreigners see exactly what you said & then realise that they can earner significant more, while paying far less taxes & social security in Switzerland. So if they decide to move & burden themselves with learning German, many are more likely to end up in Zurich or other Swiss regions. And many others make the move after a few months in Germany because they get aware of the Swiss market while living here.
@@c.p.267 vsop is nothing like stock options …. no serious startup in usa bothers with virtual shares. what are the most important startups or tech companies in switzerland.
@@noahwald907 Like I said, there were changes in German law. So you can offer both vsop or esop to your employees. Not only vsops, but also traditional esop. Additional changes, iirc mainly about taxation of said esop programs, were made with the Zukunftsfinanzierungsgesetz earlier this year or back in 2023. Might still be a regulatory headache to do so like almost everything in Germany, but it's possible and the taxation of these was changed to make them more attractive. But I don't have any deeper knowledge about this since it never mattered to me. Just saw several videos on the topic roughly 2 years back and how that was done to improve the startup landscape. Also not into the Swiss startup space, but when it comes to highly qualified professionals, no matter if we talk about doctors, nurses, IT personnel or others, the situation I described applies. Would imagine that it's even worse when it comes to entrepreneurs because there is far less regulatory red tape in Switzerland and even labor costs aren't higher despite significantly higher salaries (due to far lower additional wage costs & taxes)
Energy costs in Germany have come down like Ed said, but are still significantly higher than before the Russia/Ukraine war. Two of the biggest problems besides energy & labor costs are an excess of regulations & bureaucracy. And when it comes to government spending/the fiscal deficit, it's not just the limited spending due to "fiscal responsibility": Maybe the bigger problem is that most of the spending is consumptive spending going into the public health system, pension system & social security, just a fraction actually is investment going into infrastructure or trying to stimulate the economy.
Germany has a strong industrial base but that was largely based on two now highly risky decisions - get cheap energy from Russia and export heavily to China. That was the Merkel formula and it made sense at the time but its left them seriously open to geopolitical shifts. That with the demographic decline and historic east-west divides that have never been fully resolved (see AFD voting patterns) and you have to worry about Germany
Took my kid to another kid's birthday party at Chuck E. Cheese a few weekends back. Upon entry, I had to take a selfie with myself and my daughter before they would let us in and then had to show that same selfie on the way out. My guess is that a single adult would have a hard time being let in at all. Chuck E. Cheese knows what some bad press about molestation or child abduction would do to their business and they engage in the appropriate level of diligence to protect themselves.
Watching this podcast regularly from Munich (born&raised) I am extremely happy to hear your opinion about my hometown. I fully agree with what you are saying about the German economy. I was quite lucky to cheat the system (a little) by living here, but working for a Chinese start-up and invested mostly in US technology ETFs, so I really can't complain 😁
Love you guys, never miss an episode and yet I'm still going to gripe. After patiently listening to you complain about Elon again and again and again, episode after episode, you barely mention him after Space X pulls off one of the most truly inspiring displays of engineering and technology since the moon landing by 'catching' that rocket booster on it's return to earth. I don't know your taping/airing schedule so I'm guessing you recorded this episode before the rocket event, and my apologies for this gripe if that's the case. But I am interested to hear your pov on this event on a future episode.
German automobile industry is world renowned. am from India and their cars are highly appreciated for their quality and top notch technology think good days would come to German economy once the Ukraine war ends and Russian oil supply resumes. Afterall Germans are known for their efficiency and skill in organisation
I work with kids and often go to public library 99% of kids on the computer is playing Roblox. Although I have noticed many kids tend to make a new profile as they don’t remember their login details all the time, which will definitely affected Roblox’s annual users.
The anti trust discussion gets brought up a lot here but the last large breakup of a company in the U.S. was in 1982. So for 42 years the DOJ has been unsuccessful in breaking up a company.
China was never launching space shuttle. You are taking about USSR and Buran shuttle. But Buran was not copy of shuttle, but shuttle 3.0. improvement in every single aspect. The reason why it looked similar to space shuttle is because aerodynamic, and not due to industrial espionage.
At about 12:154 Ed alludes to Amazon contract drivers being harmed by the estimated average 30 minute reduction in hours due to the AI facilitated efficiency, but one could argue that they would just be given a few more packages to deliver, that would then bring their total hours up to 8 hours or whatever they're scheduled time is.
Thank you for your videos mate.. . Crypto education is what the world needs the most right now. I don’t think that buy and hold is a valid investment strategy anymore. Not too diluted and to a degree, follows Sophia’s trading ideas and signal tips for your portfolio growth and aggressiveness. She is a woman who has not only taught me what the cryptocurrency trading world looks like but a secret to uplift my finance. Buying crypto and waiting for the price to shoot up is not the best way to invest in the market but buying and trading is. Sophia Haney’s trade signaIs does the heavy lifting, generating competitive returns for crypto traders and investors in the form of money and peace of mind. Time in the market vs. timing the market. If you keep that mentality as an investor, you will stay calm during the storm! Within some months I was making a lot more money and have continued on that same path...
Can't share much here, I take guidance from ‘Sophia E Haney’ a renowned figure in her industry with over two decades of work experience. I'd suggest you research her further on the web.
thanks for putting this out, curiously inputted Sophia Haney on the internet, spotted her consulting page no sweat, and was able to schedule a session ... she actually shows a great deal of expertise from her resumé
The Amazon story: it's called the Traveling Salesman problem. And only a quantum computer can solve it effectively, basically finding the *best* solution. There are many heuristic solutions that are good enough, nothing an AI-solution can do better than those. Prof G and Ed were unfortunately not well informed here. Someone needs to do better homework. Or better ask some tech folks when you talk about tech topics . Cheers!
Your staff should do a better job of preparing you. Principal reasons for the slowing economy in Germany include energy costs, too much regulation, dependency on the Chinese market, and demographics. You touched on some of these, but your comments were not well researched. Regarding demographics, there is a currently a huge wave of anti-immigrant sentiment, particularly directed against Arabs and Africans. Recent elections in eastern Germany had the right-wing parties winning 30 percent of the vote. The extreme left takes another 15 percent in those regions. Regarding Russia, the term you were looking for is (Wandel durch Handel)--change through trade. The Germans totally misread Putin.
German Manufacturing value-add per capita (total population, not just per worker) is $8,940. US Manufacturing value-added per capita is $7,950 (from World Bank data for 2022). BMW's largest manufacturing facilities in the world are in the US (South Carolina) and in China (Shenyang, jointly owned as Brilliance). Germany has great 'brand' of manufacturing. But are they living off reputation? But yes, Germany is a delightful place. BTW, China's Manufacturing value-added per capita is $3,590. China also has over 3 time the number of people as the US, so inherently a larger economy.
The ads are a lot. I don’t like this new format. It makes it harder to follow and digest the information by constant and surprising commercials from people trying to lend me money. That changes the vibe of the podcast for me. Makes it less professional and interesting. I was totally fine with the 2 commercial breaks that were announced. Just got 3 ads in 18 min.
I would say that the safety system here in Sweden encourages people to start their own companies rather than the opposite. It makes it possible to risk everything even when you don't have a rich dad that can save you when you fail. Usually people do this to sell the company to American conglomerates. Almost every company I have worked for was bought by American companies, Europeans have no idea how to take a company from success to the next level.
Also... if Disney allowed children to make money for Disney and then the children were in return paid in Disney Park credits... that surely would not be allowed. I'm really surprised it's allowed to happen in an online game/platform 🤔
I hope the Boeing union is demanding shares as part of their compensation package. It'll get the union more on aligned and give them minority shareholder rights, where they can pressure management compensation down.
Your views on Germany are severely misguided. Smart young people are leaving. There’s a brain drain. The culture is unambitious and entitled. The government is suffocating. I usually like this pod but prof galloways view of Germany are clearly those of someone who has spent little time there and the time that was spent there was probably 3 beers deep in a beer garden. This is from a German founder.
There is a terminal velocity to efficiency. Humans should remember that they are meditative creatures, not exclusively calculative creatures. What game are we playing here?
Germany's economy is heavily tied to China and Russia and that is the reason for its economy's performance. It is not becasue of safety nets. Its policies of safety netsd prevent its economy from being worse than it already is.
12:00 utterly delusional take. Those savings go directly from the lower / middle-class delivery drivers into the pockets of the already wealthy shareholders. Neither the time saved nor the profits go to the employees.
I love your take and have been a tesla investor, lost significantly. I can’t simply divorce my take on Tesla… they may make their money on cars, but have energy and robotics as a future hedge. It seems they are doing well here. What is your take. As a boomer i value your take…
So Ed, basically you are saying that Roblox has managed to find a method to leverage child slavery. Considering that the children enjoy it (I have several children who are addicts and share their creations with me all the time) is that really a problem or ethically problematic? Could there be a class action lawsuit from the children that Roblox have taken advantage of?
Forgot to talk about the whole demographic ossue of Germany...they are the Canada demographically. Whole economic talks wasted by not taking that into consideration.
Want to hear about American IP theft in the first industrial revolution? I knew all about this. History that doesnt suck podcast ep 19 is pretty awesome for how cloak and dagger it was 1789 style.
As an insider: The Boeing sticking point is that the machinists want a pension plan back. That’s a non-starter. This negotiation is much more difficult than bridging the wage increase gap
It is comforting to know the alcohol is raging for your liver, and why you keep the little twin around. You got the vibe of a vamp. Dark Lord would insinuate too much power and influence. - Bloomberg
I disagree a lot on Scott's take on Germany. The Nazi regime, killed a lot of LGBTQ, comedians, . It's why their culture doesn't engage in smalltalk, seem humorless, and have function before form mindset. Hitler destoyed the Bauhaus design center.. Today, all the chief designers of their products are not German (esp true of BMW). Germany's current problems are due to Putin.. The massive rise in the cost of raw materials and energy is having it's effect. Germany has to decide whether they want a booming economy, or freedom.
Want some free advice? Have something interesting to discuss and discuss it. Markets up and down, headlines, who gives a fuck, you get that on the front page of your phone. Just get straight into juicy gossip and hot takes. Loose the sycophantic giggling it is most unbecoming in a gentleman.
I was a big fan of Angela Merkel...however, my colleague and I in our US PhD program back in 2018, spent a month in Berlin for school and experienced a fair amount of prejudice. Just sayin'...We were confused. We're both women in our 40s and women of color...It left a bad taste in my mouth. Alternately, we were welcomed beautifully in the Turkish communities/restaurants there...
Ed, do you really believe Amazon is going to take $1 billion in savings and reinvest it into other parts of the copay? Why don't you try researching the history of "trickle down economics'. Also, I am selling time shares in after-life condos if you would like to invest?
Amazon's strategy, prior to taking over a market, is to lower prices aggressively. Then once they've taken over, prices magically go up, and they'll tell you they can't help it.
Damn... Scott is as good as ever but Ed has been putting in the work. He has consistently been bringing in extremely thought-out and deeply researched points and context. Great work guys!
Except for when he said SAP is a unicorn from the last 10 years 😅39:37
good bot😂
An Expat in Germany here: Regarding building and growing businesses, I believe the regulations for starting a business play a significant role in the lack of unicorns in Germany. To start a limited liability company (GmbH) in Germany, you need a starting capital of €25,000, compared to an LLC in the U.S., which costs between $150 and $1,000. This difference is substantial. And the bureaucracy in Germany-don’t even get me started on that. You can start a 'UG' (entrepreneurial company) for less, but most people don’t trust a UG because it signals that you’re a new company without the €25,000 required to establish a proper GmbH.
Don't simply retire from something; have something to retire to..
It’s really heartbreaking to see how inflation and recession impact low-income families. The cost of living keeps rising, and many struggle just to meet basic needs, let alone save or invest. It’s a reminder of the importance of finding ways to create financial opportunities. You've helped me a lot sir Brian! Imagine i invested $50,000 and received $190,500 after 14 days
Absolutely! Profits are possible, especially now, but complex transactions should be handled by experienced market professionals.
Finding yourself a good broker is as same as finding a good wife, which you go less stress, you get just enough with so much little effort at things
Brian demonstrates an excellent understanding of market trends, making well informed decisions that leads to consistent profit
I'm surprised that you just mentioned and recommend Mr Brian Nelson. I met him at a conference in 2018 and we have been working together ever since.
Wow. Ed's comparison of Roblox to a 1930s "company store" was very thought provoking.
German here, so nice to hear your analytics and praise about this country! We do have a big age gap which results right now in higher costs of health insurance for everyone. As you mentioned, the government is spending a lot of money in infrastructure bc in the last 16 years the CDU under Merkel did next to none upkeep so now there's a lot of expensive replacements and maintainance of bridges and tracks. There was always money for cars and roads, since the auto lobby is huge. Yet they are struggling lately, lots of small and middle size companies for auto parts are laying off or shutting down, like ZF in Friedrichshafen. Maybe this means "Die fetten Jahre sind vorbei" - the fat years are over.
they said it simple enough. there is no incentive to work in Germany. and even less incentive to innovate. greetings from Germany.
The system in Germany makes you lazy, or let's say dormant. Tax on minimum wage is very low and it grows rapidly even if bump in wage is small. Because of this companies want most of their workers to have very low wages. Workers are well protected, so companies don't fire people unless they really have to. All this created a workforce that is lazy and careless, and I don't blame the people, why would you try hard if can get paid decent amount while doing basically nothing.
Germany still has a hungry automation industry, with a lot of smaller companies, and of course Siemens. The problem here is that automated production favors low quality products which was never a feature of German production.
Replace Germany with EU and it will still be true.
Yooo Scott was spot on about Amazon delivery drivers working fast af lol
Hey Guys, You touched on it but didn’t drive it home. Germany is declining bec of its messed up energy policy of shifting away from the most efficient nuclear fleet on the planet, to wind & solar where “the wind don’t blow & the sun don’t shine”!!! No wonder industries are moving out in droves, & it shows up in the numbers.
Ed has really stepped up his game. Seems like a real asset to have. Love the dynamic with you two. Is there a back story. I'm sure it's been told by how did this fine young lad get in the mix with Scott?
It was in a past podcast but Ed’s mom knew someone who knew Scott and Ed wanted to get to know Scott so he took a shot in the dark to try to get connected with Scott and it worked out
As a German, let me tell you that the same “progressive” values that Prof G. admires, for which he seems to be so fond of Germany, are at the root of Germany's economic and social decline.
Can you elaborate? Muslim immigrants are the reason?
Startup culture is limited in part because Germany does not allow stock options and so its hard to attract Silicon Valley talent. They need to change the laws.
Heavily regulated in-general and hard to see AI thriving here.
Germany is an aging population and can't integrate foreigners well because German language is much harder to learn than English and has less usability outside of Germany,. At the same time, Germany often resents foreigners that do not speak German.
Germany chose to lose access to inexpensive energy in favor of USA partnership. This had a catastrophic effect on chemicals, manufacturing, exports.
There were some law changes last year to address the stock option problem. If you are interested in reading up on this, search for articles about vsop & esop. Not sure though if these changes actually fix the general problem.
And just an addition about the language: It's not just the German language & limited usability outside of Germany: Many qualified foreigners see exactly what you said & then realise that they can earner significant more, while paying far less taxes & social security in Switzerland. So if they decide to move & burden themselves with learning German, many are more likely to end up in Zurich or other Swiss regions. And many others make the move after a few months in Germany because they get aware of the Swiss market while living here.
@@c.p.267 vsop is nothing like stock options …. no serious startup in usa bothers with virtual shares.
what are the most important startups or tech companies in switzerland.
You mean go to war with Russia
@@noahwald907 Like I said, there were changes in German law. So you can offer both vsop or esop to your employees. Not only vsops, but also traditional esop. Additional changes, iirc mainly about taxation of said esop programs, were made with the Zukunftsfinanzierungsgesetz earlier this year or back in 2023.
Might still be a regulatory headache to do so like almost everything in Germany, but it's possible and the taxation of these was changed to make them more attractive. But I don't have any deeper knowledge about this since it never mattered to me. Just saw several videos on the topic roughly 2 years back and how that was done to improve the startup landscape.
Also not into the Swiss startup space, but when it comes to highly qualified professionals, no matter if we talk about doctors, nurses, IT personnel or others, the situation I described applies.
Would imagine that it's even worse when it comes to entrepreneurs because there is far less regulatory red tape in Switzerland and even labor costs aren't higher despite significantly higher salaries (due to far lower additional wage costs & taxes)
Energy costs in Germany have come down like Ed said, but are still significantly higher than before the Russia/Ukraine war. Two of the biggest problems besides energy & labor costs are an excess of regulations & bureaucracy. And when it comes to government spending/the fiscal deficit, it's not just the limited spending due to "fiscal responsibility": Maybe the bigger problem is that most of the spending is consumptive spending going into the public health system, pension system & social security, just a fraction actually is investment going into infrastructure or trying to stimulate the economy.
German culture has a strong fear of debt, which can be seen in the language. The word "Schuld" means "debt," but it also means "guilt" and "shame."
Nice Login's Run reference old man.
If you spelled that correctly, more people may get it and not think you are talking about a "login" for an on-line account.
Want to thank you guys for the Oracle heads-up a few weeks ago.
Germany has a strong industrial base but that was largely based on two now highly risky decisions - get cheap energy from Russia and export heavily to China. That was the Merkel formula and it made sense at the time but its left them seriously open to geopolitical shifts.
That with the demographic decline and historic east-west divides that have never been fully resolved (see AFD voting patterns) and you have to worry about Germany
❤ Logan's Run reference
Fort Worth Water Garden in final scene! Epic!
Great insights/analysis Ed
Took my kid to another kid's birthday party at Chuck E. Cheese a few weekends back. Upon entry, I had to take a selfie with myself and my daughter before they would let us in and then had to show that same selfie on the way out. My guess is that a single adult would have a hard time being let in at all. Chuck E. Cheese knows what some bad press about molestation or child abduction would do to their business and they engage in the appropriate level of diligence to protect themselves.
Watching this podcast regularly from Munich (born&raised) I am extremely happy to hear your opinion about my hometown. I fully agree with what you are saying about the German economy. I was quite lucky to cheat the system (a little) by living here, but working for a Chinese start-up and invested mostly in US technology ETFs, so I really can't complain 😁
Quality content! Thanks
Love you guys, never miss an episode and yet I'm still going to gripe. After patiently listening to you complain about Elon again and again and again, episode after episode, you barely mention him after Space X pulls off one of the most truly inspiring displays of engineering and technology since the moon landing by 'catching' that rocket booster on it's return to earth. I don't know your taping/airing schedule so I'm guessing you recorded this episode before the rocket event, and my apologies for this gripe if that's the case. But I am interested to hear your pov on this event on a future episode.
German automobile industry is world renowned. am from India and their cars are highly appreciated for their quality and top notch technology think good days would come to German economy once the Ukraine war ends and Russian oil supply resumes. Afterall Germans are known for their efficiency and skill in organisation
I work with kids and often go to public library 99% of kids on the computer is playing Roblox. Although I have noticed many kids tend to make a new profile as they don’t remember their login details all the time, which will definitely affected Roblox’s annual users.
The anti trust discussion gets brought up a lot here but the last large breakup of a company in the U.S. was in 1982. So for 42 years the DOJ has been unsuccessful in breaking up a company.
China was never launching space shuttle.
You are taking about USSR and Buran shuttle.
But Buran was not copy of shuttle, but shuttle 3.0. improvement in every single aspect.
The reason why it looked similar to space shuttle is because aerodynamic, and not due to industrial espionage.
At about 12:154 Ed alludes to Amazon contract drivers being harmed by the estimated average 30 minute reduction in hours due to the AI facilitated efficiency, but one could argue that they would just be given a few more packages to deliver, that would then bring their total hours up to 8 hours or whatever they're scheduled time is.
Definitely more than 8 hours.
Amazon is surely using machine learning to shorten routes, I really doubt it's "AI" (generative machine learning). God I hate this AI rebrand.
Amazon, and any other company using gig workers, should be held liable for their gig workers' behaviour.
Thank you for your videos mate.. . Crypto education is what the world needs the most right now. I don’t think that buy and hold is a valid investment strategy anymore. Not too diluted and to a degree, follows Sophia’s trading ideas and signal tips for your portfolio growth and aggressiveness. She is a woman who has not only taught me what the cryptocurrency trading world looks like but a secret to uplift my finance. Buying crypto and waiting for the price to shoot up is not the best way to invest in the market but buying and trading is. Sophia Haney’s trade signaIs does the heavy lifting, generating competitive returns for crypto traders and investors in the form of money and peace of mind. Time in the market vs. timing the market. If you keep that mentality as an investor, you will stay calm during the storm! Within some months I was making a lot more money and have continued on that same path...
Can't share much here, I take guidance from ‘Sophia E Haney’ a renowned figure in her industry with over two decades of work experience. I'd suggest you research her further on the web.
Use her name to quickly conduct an internet search.
SHE’S MOSTLY ON TELEGRAMS APPS WITH HER NAME.
Sophiahaney she’s verified
thanks for putting this out, curiously inputted Sophia Haney on the internet, spotted her consulting page no sweat, and was able to schedule a session ... she actually shows a great deal of expertise from her resumé
Germany's public sector still uses FAX for certain formalities, I was dumbfounded when I heard it 🤦
The Amazon story: it's called the Traveling Salesman problem. And only a quantum computer can solve it effectively, basically finding the *best* solution.
There are many heuristic solutions that are good enough, nothing an AI-solution can do better than those. Prof G and Ed were unfortunately not well informed here. Someone needs to do better homework. Or better ask some tech folks when you talk about tech topics .
Cheers!
You forgot the great German tech unicorn Wirecard!
"If I spoke German I'd move to Munich" also "Germany will always be an attractive place for immigrants". 😅
Scott - no comment on starship and tsla products release???
Wandel durch Annaeherung/Wandel durch Handel? I think that's the concept you are thinking of
Ups delivers way faster and more volume per driver.
Roblox has farrrrr too many bots and great take from Ed - he succinctly NAILS IT!
Your staff should do a better job of preparing you. Principal reasons for the slowing economy in Germany include energy costs, too much regulation, dependency on the Chinese market, and demographics. You touched on some of these, but your comments were not well researched. Regarding demographics, there is a currently a huge wave of anti-immigrant sentiment, particularly directed against Arabs and Africans. Recent elections in eastern Germany had the right-wing parties winning 30 percent of the vote. The extreme left takes another 15 percent in those regions. Regarding Russia, the term you were looking for is (Wandel durch Handel)--change through trade. The Germans totally misread Putin.
German Manufacturing value-add per capita (total population, not just per worker) is $8,940. US Manufacturing value-added per capita is $7,950 (from World Bank data for 2022). BMW's largest manufacturing facilities in the world are in the US (South Carolina) and in China (Shenyang, jointly owned as Brilliance). Germany has great 'brand' of manufacturing. But are they living off reputation? But yes, Germany is a delightful place. BTW, China's Manufacturing value-added per capita is $3,590. China also has over 3 time the number of people as the US, so inherently a larger economy.
The ads are a lot. I don’t like this new format. It makes it harder to follow and digest the information by constant and surprising commercials from people trying to lend me money. That changes the vibe of the podcast for me. Makes it less professional and interesting. I was totally fine with the 2 commercial breaks that were announced. Just got 3 ads in 18 min.
Amazon drivers not allowed to sing while driving because they'd be flagged as "distracted".
That "quote" you cited was completely misattributed. It was tweeted by Pat Gelsinger - CEO of Intel. Not Boeing.
It somehow sounds like you’re describing the Boy scouts/Girl scouts here honestly 30:25
I would say that the safety system here in Sweden encourages people to start their own companies rather than the opposite. It makes it possible to risk everything even when you don't have a rich dad that can save you when you fail. Usually people do this to sell the company to American conglomerates. Almost every company I have worked for was bought by American companies, Europeans have no idea how to take a company from success to the next level.
Also... if Disney allowed children to make money for Disney and then the children were in return paid in Disney Park credits... that surely would not be allowed. I'm really surprised it's allowed to happen in an online game/platform 🤔
I hope the Boeing union is demanding shares as part of their compensation package. It'll get the union more on aligned and give them minority shareholder rights, where they can pressure management compensation down.
Great show, but … too many opinions. Too little homework. How’d they miss last week that the CEO of Cerebras - which Scott touted - is a felon?!?
You guys need to get Nate Hagens on to discuss the Carbon Pulse. Don’t know what that is? Do your research… it’s important…
Americans, most, retirees are moving to Germany cause costs of living are stable.
Your views on Germany are severely misguided. Smart young people are leaving. There’s a brain drain. The culture is unambitious and entitled. The government is suffocating. I usually like this pod but prof galloways view of Germany are clearly those of someone who has spent little time there and the time that was spent there was probably 3 beers deep in a beer garden. This is from a German founder.
There is a terminal velocity to efficiency.
Humans should remember that they are meditative creatures, not exclusively calculative creatures.
What game are we playing here?
Germany's economy is heavily tied to China and Russia and that is the reason for its economy's performance.
It is not becasue of safety nets.
Its policies of safety netsd prevent its economy from being worse than it already is.
Never underestimate the resilience of the German economy especially corporations like BMW, Siemens and Bosch!
12:00 utterly delusional take.
Those savings go directly from the lower / middle-class delivery drivers into the pockets of the already wealthy shareholders. Neither the time saved nor the profits go to the employees.
Scott, stop opening the app store on my Pixel phone!
I love your take and have been a tesla investor, lost significantly. I can’t simply divorce my take on Tesla… they may make their money on cars, but have energy and robotics as a future hedge. It seems they are doing well here. What is your take. As a boomer i value your take…
Wtf what was that intro joke
So Ed, basically you are saying that Roblox has managed to find a method to leverage child slavery. Considering that the children enjoy it (I have several children who are addicts and share their creations with me all the time) is that really a problem or ethically problematic? Could there be a class action lawsuit from the children that Roblox have taken advantage of?
Roblox truly is awful- if you are a parent it's worth taking like 10-15 minutes to poke around. Even with communication disabled shit gets weird FAST.
23:52 This stuff with Roblox is wild. I’m glad you guys are talking about this, even if it is only because it relates to a publicly traded company.
No Tesla analysis
Day 31: Please bring on Gary Stevenson (Garys Economics)! Thanks!
Roblox paying kids in Robucks is like having an arcade and giving kids tickets that can only be used to "buy" stuff inside the arcade
Forgot to talk about the whole demographic ossue of Germany...they are the Canada demographically. Whole economic talks wasted by not taking that into consideration.
German Unicorns - Wirecard? Lol
Want to hear about American IP theft in the first industrial revolution? I knew all about this. History that doesnt suck podcast ep 19 is pretty awesome for how cloak and dagger it was 1789 style.
Lots of music making software comes out of Germany. Or it did.
As an insider: The Boeing sticking point is that the machinists want a pension plan back. That’s a non-starter. This negotiation is much more difficult than bridging the wage increase gap
Germany is more like a Nein than a Nine.
I know it's a joke - but I'm loosely interested in best ways to diversify via commodities...or to be told that it's a COMPLETE joke !
Just because you say misinformation doesn’t mate is so. Scott is a misinformation spreader himself
"Android would make shit tone of money" how exactly its an ppen source project. If its spun out its going to die slow death
no views in 50 seconds, Prof G fell off
Attaboy Ed
Drop everything...Prof G and Ed have dropped a video
You've been using express VPN for the better part of the decade, Scott?
What a joke...
Hello There
Germany is very very old and has no young people
It is comforting to know the alcohol is raging for your liver, and why you keep the little twin around. You got the vibe of a vamp. Dark Lord would insinuate too much power and influence.
- Bloomberg
SAP
😂
AI will make the workers more efficient...sooooo management can get a raise... because they need it. 💥🤬🤬🤬
I disagree a lot on Scott's take on Germany. The Nazi regime, killed a lot of LGBTQ, comedians, . It's why their culture doesn't engage in smalltalk, seem humorless, and have function before form mindset. Hitler destoyed the Bauhaus design center.. Today, all the chief designers of their products are not German (esp true of BMW). Germany's current problems are due to Putin.. The massive rise in the cost of raw materials and energy is having it's effect. Germany has to decide whether they want a booming economy, or freedom.
Want some free advice? Have something interesting to discuss and discuss it. Markets up and down, headlines, who gives a fuck, you get that on the front page of your phone. Just get straight into juicy gossip and hot takes. Loose the sycophantic giggling it is most unbecoming in a gentleman.
They don't need your advice. They are doing very well.
That’s was probably the lamest joke ever on this podcast, prof needs help with his jokes
I was a big fan of Angela Merkel...however, my colleague and I in our US PhD program back in 2018, spent a month in Berlin for school and experienced a fair amount of prejudice. Just sayin'...We were confused. We're both women in our 40s and women of color...It left a bad taste in my mouth. Alternately, we were welcomed beautifully in the Turkish communities/restaurants there...
Free Palestine
Ed, do you really believe Amazon is going to take $1 billion in savings and reinvest it into other parts of the copay? Why don't you try researching the history of "trickle down economics'. Also, I am selling time shares in after-life condos if you would like to invest?
Amazon's strategy, prior to taking over a market, is to lower prices aggressively. Then once they've taken over, prices magically go up, and they'll tell you they can't help it.
@@neversimon Like WlaMart, their #1 goal is to eliminate all competition. #2 is to line their pockets.