The US economy depends on an unsustainable stock market bubble driven by AI companies that are almost all losing money. Nvidia seems healthier, but serious red flags explain why its stock price is extremely volatile, and why its market capitalization dropped $600 billion in just one day. Ben Norton explains.
VIDEO: https://www.youtube.com/watch?v=JAZqYQBwWNY
Topics
0:00 AI bubble & Nvidia
2:40 Magnificent Seven (Mag7) Big Tech stocks
4:01 US GDP growth depends on AI capex
5:01 AI circular financing scheme
6:28 OpenAI is losing money, but owes $1.4 trillion
7:38 Nvidia profits rise in earnings report
9:27 US investor madness
12:04 China challenges Nvidia's chip monopoly
13:43 Crazy volatility in Nvidia stock
15:08 CEO Jensen Huang's private comments
17:11 $600 billion drop in one day
18:13 Four customers make up 61% of Nvidia revenue
20:25 IOUs: Nvidia's accounts receivable rises
21:43 GPU demand? Nvidia inventories surge
22:37 S&P 500 falls $2 trillion in 5 hours
24:12 US economy built on financial house of cards
26:13 Markets can remain irrational...
27:01 Dangers of a recession or depression
28:13 Outro
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The US economy depends on an unsustainable stock market bubble driven by AI companies that are almost all losing money. Nvidia seems healthier, but serious red flags explain why its stock price is extremely volatile, and why its market capitalization dropped $600 billion in just one day. Ben Norton explains.
VIDEO: https://www.youtube.com/watch?v=JAZqYQBwWNY
Topics
0:00 AI bubble & Nvidia
2:40 Magnificent Seven (Mag7) Big Tech stocks
4:01 US GDP growth depends on AI capex
5:01 AI circular financing scheme
6:28 OpenAI is losing money, but owes $1.4 trillion
7:38 Nvidia profits rise in earnings report
9:27 US investor madness
12:04 China challenges Nvidia's chip monopoly
13:43 Crazy volatility in Nvidia stock
15:08 CEO Jensen Huang's private comments
17:11 $600 billion drop in one day
18:13 Four customers make up 61% of Nvidia revenue
20:25 IOUs: Nvidia's accounts receivable rises
21:43 GPU demand? Nvidia inventories surge
22:37 S&P 500 falls $2 trillion in 5 hours
24:12 US economy built on financial house of cards
26:13 Markets can remain irrational...
27:01 Dangers of a recession or depression
28:13 Outro
Trump is losing the trade war with China - which he started
Geopolitical Economy Report
39 minutes 38 seconds
3 weeks ago
Trump is losing the trade war with China - which he started
Donald Trump is losing the trade war on China, which he started. The agreement he made at the meeting with President Xi Jinping shows how the US is much more dependent on the Chinese economy than vice versa. Political economist Ben Norton explains how Trump's tariffs have hurt American workers, especially farmers, while China advances as a new technological and manufacturing superpower.
VIDEO: https://www.youtube.com/watch?v=MWrdxBODSUE
Topics
0:00 Trump's meeting with Xi Jinping
1:07 China successfully defends itself
2:58 China is a new "economic superpower"
4:04 This is a one-year "tactical detente"
4:47 Details of Trump-Xi agreement
6:20 Trump undoes "self-inflicted" damage
7:02 Scott Bessent claimed China had "losing hand"
7:40 China is less dependent on US economy
8:24 Analyzing US-China trade
9:59 USA is dependent on Chinese tech
11:06 China is a manufacturing superpower
12:08 China's domestic revenue vs exports
13:43 Bipartisan US trade war
14:30 One-year trade truce
15:40 US midterm elections coming up in 2026
16:12 Poll: Republicans (and Dems) are unpopular
16:48 Trump's low approval rating of 39%
17:27 US consumers pay for Trump's tariffs
18:54 Inflation and US economic problems
20:58 US manufacturing jobs decline
22:32 Soybean war: Trump's tariffs hurt farmers
24:38 China buys soybeans from Latin America
25:25 Trump's bailout of farmers
27:24 China's rare earth dominance
28:58 US industry needs China's rare earths
30:40 Chip war: US semiconductor restrictions
31:54 China develops domestic chip industry
33:40 China's new 5-year plan pushes tech
34:31 Made in China 2025 industrial policy
35:45 China leads in critical technologies
37:22 China's "technological self-reliance"
38:25 USA is losing trade war
39:25 Outro
Geopolitical Economy Report
The US economy depends on an unsustainable stock market bubble driven by AI companies that are almost all losing money. Nvidia seems healthier, but serious red flags explain why its stock price is extremely volatile, and why its market capitalization dropped $600 billion in just one day. Ben Norton explains.
VIDEO: https://www.youtube.com/watch?v=JAZqYQBwWNY
Topics
0:00 AI bubble & Nvidia
2:40 Magnificent Seven (Mag7) Big Tech stocks
4:01 US GDP growth depends on AI capex
5:01 AI circular financing scheme
6:28 OpenAI is losing money, but owes $1.4 trillion
7:38 Nvidia profits rise in earnings report
9:27 US investor madness
12:04 China challenges Nvidia's chip monopoly
13:43 Crazy volatility in Nvidia stock
15:08 CEO Jensen Huang's private comments
17:11 $600 billion drop in one day
18:13 Four customers make up 61% of Nvidia revenue
20:25 IOUs: Nvidia's accounts receivable rises
21:43 GPU demand? Nvidia inventories surge
22:37 S&P 500 falls $2 trillion in 5 hours
24:12 US economy built on financial house of cards
26:13 Markets can remain irrational...
27:01 Dangers of a recession or depression
28:13 Outro
