Democratic Strategist Kobi Tirey tries to give Donald Trump a little credit on unemployment and inflation for once, but Banker Bill isn't buying it. The dollar's weak, and a weak dollar means a weak America. At least crypto, gold, and China aren't looking any stronger. Kobi and Bill also ask, with DOJ resignations piling up, especially in the antitrust division, is this the golden age of white collar crime?

Is It Bad For The Economy Super Fans,

I present to you a Fed-free, tariff-free, and most importantly, Trump-free episode of Is It Bad For The Economy, out now on Apple Podcasts, Spotify, YouTube, and Substack.

We crammed all that into our emergency episode over the weekend about the highs and lows of Fed Chair nominee Kevin Warsh’s Friday. It’s the first-ever on-camera appearance of Banker Bill!

In this episode, Banker Bill and I were joined by an AI true believer, Venture Capitalist, and my old friend Nick Giometti. He went deep on the current state of AI and why we need to start worrying about the economic implications now. With AI’s impact on employment possibly already showing up in the data, Nick is eager to start a policy conversation where regulation and taxes are on the table as long as innovation isn’t compromised. He’s the one man in America actually trying to think through the consequences of his actions, and those of his entire industry, ahead of time.

It’s bold, it’s urgent, and it’s sincere. So, so sincere. That’s why Banker Bill and I did our absolute best to get out of his way.

Yesterday’s Friday news dump was torrential. Journalists were arrested, troubling details about the FBI’s Georgia election raid came out, Trump launched a $10 billion lawsuit against the IRS, Catherine O’Hara passed away, and, of course, Kevin Warsh’s nomination for Fed Chair and the Epstein files.

Kevin Warsh’s day was particularly dramatic. First thing in the morning, he was nominated to succeed Jerome Powell as Fed Chair. By afternoon, he had been named in the Epstein files.

Democratic Strategist Kobi Tirey and the anonymous Banker Bill break it down in an emergency episode.You can find Is It Bad For The Economy as always on YouTube, Apple Podcasts, Spotify, on Substack.