Why Young Americans Feel Stuck in Today’s Economy — ft. Ed Elson & Kyla Scanlon
This episode wraps up Prof G on Economics, a two-part Office Hours series on the forces shaping the economy and your financial life.
Ed Elson and Kyla Scanlon discuss how the American Dream is shifting for younger generations, why common economic signals can be misleading, and how to tell the difference between real economic health and financial strain — plus how they make sense of the noise in today’s media landscape.
Want to be featured in a future episode? Send a voice recording to officehours@profgmedia.com, or drop your question in the r/ScottGalloway subreddit.
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How to Think About Careers, Global Risk, and Teaching Money — ft. Ed Elson & Kyla Scanlon
This episode kicks off Prof G on Economics, a two-part Office Hours series focused on the forces shaping the economy and your financial life.
Ed Elson and economic commentator Kyla Scanlon answer listener questions on whether young professionals should prioritize big-city careers over affordability, what the global focus on Greenland actually means for investors, and how financial literacy should be taught to the next generation.
Want to be featured in a future episode? Send a voice recording to officehours@profgmedia.com, or drop your question in the r/ScottGalloway subreddit.
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Is the State of the Economy Really that Bad? — with Kyla Scanlon
Kyla Scanlon, a writer, video creator, and podcaster, joins Scott to discuss her debut book, “In This Economy? How Money & Markets Really Work.” We hear about the term she coined, dollar doomerism, and why there is such a disconnect between what’s really happening and consumer sentiment.
Scott opens with his thoughts on Apple Intelligence.
Algebra of Happiness: take affection back.
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Lots More with Kyla Scanlon on the Economic Vibes
Kyla Scanlon has a great way of identifying the economic vibes, building up a massive TikTok following with videos about the Federal Reserve, inflation, markets, and more. She also coined the viral term 'vibecession' to describe the mood of many Americans who haven't been feeling the economic growth shown in official figures. In this episode of Lots More, we catch up with the Bloomberg Opinion contributor on what the vibes are right now, what resonates on social media when it comes to economic coverage, and her new book, In This Economy? How Money and Markets Really Work.
See omnystudio.com/listener for privacy information.
In This Economy? How Money & Markets Really Work | Kyla Scanlon
✨ Mint the episode on Zora ✨ https://zora.co/collect/zora:0x0c294913a7596b427add7dcbd6d7bbfc7338d53f/7?referrer=0x077Fe9e96Aa9b20Bd36F1C6290f54F8717C5674E
------ Is it all vibes? Always has been.
Kyla Scanlon is a writer, podcaster, analyst, founder of financial education company Bread, and an all around brilliant explainer of things hard to explain.
Expect to learn why economies are vibe reflectors, Kyla’s “economic kingdom” model and an overview on the current state of economic affairs.
Financial literacy is a superpower and Kyla managed to compress this topic that people have been trying to figure out for ages in an easy to understand economics toolbox.
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------ TIMESTAMPS
0:00 Intro 6:55 The Vibes Economy 12:10 Understanding Money & Finance 17:04 The Economic Kingdom 20:37 The Monetary Castle 28:35 The Fiscal Castle 37:47 Vibes are the Economy 56:23 The Deciders 1:00:55 Housing Market 1:06:58 The Labor Market 1:13:35 Wealth Inequality 1:19:12 Energy 1:23:01 The Economics Toolbox 1:28:03 What’s Next for Kyla 1:33:03 Closing & Disclaimers
------ RESOURCES
Kyla Scanlon on X https://x.com/kylascan
Kyla Scanlon Website https://kylascanlon.com/
Order “In this Economy?” Now https://www.penguinrandomhouse.com/books/737854/in-this-economy-by-kyla-scanlon/
Kyla’s “AI Can't Plant Corn (Yet)” https://kyla.substack.com/p/ai-cant-plant-corn-yet
WSJ “How Gen Z Is Becoming the Toolbelt Generation” https://www.wsj.com/lifestyle/careers/gen-z-trades-jobs-plumbing-welding-a76b5e43
------ Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures
This Is What Happened to the Meme Stock Mania
Spring of 2021 was peak meme mania. GameStop was going nuts. AMC was going nuts. And in general, the big cohort of traders that entered the market in early 2020 was riding high. Since then, though, things have turned south. Volumes have dipped significantly. The memes came back to Earth, and a lot of the growth stocks that were riding high have gotten absolutely killed. So where do things stand now, and what happened to all the new traders? On this episode, we speak to Lily Francus, director of quantitative research at Moody's Analytics, as well as Kyla Scanlon, a popular financial commentator across social media (as well as the founder of a new financial education company) to understand what happened, what's changed, and how the last two years have permanently altered financial markets as we know them.
See omnystudio.com/listener for privacy information.
Fortress Russia Crumbles | Kyla Scanlon
A lot has changed since we had Kyla on Bankless almost a month ago. Russia invaded Ukraine and the ripple effects are being felt worldwide. Kyla's written a few posts on what's been unfolding thus far. Most recently she wrote, "Financial Warfare: Russia-Ukraine," breaking down Fortress Russia, sanctions, energy, agriculture, and the strength of Ukrainians.
For those unfamiliar with Kyla, she's an independent, Gen Z friendly, new age content creator with a fantastic newsletter and youtube channel. In addition, she is the BanklessHQ TikTok correspondent, dropping weekly recaps of the crypto world.
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------ Timestamps:
0:00 Intro 7:30 Being in Putin Shoes 13:20 Financial Sanctions 23:15 Putin’s Escape Hatch? China? 26:15 Russians Remaining Resources 33:30 Global Economy Sensitivity 45:45 What’s the Fed Going to Do? 52:30 The Ripple Effects of Inflation 55:40 The Supply Chain Conundrum 56:50 How Crypto Will Be Affected 1:02:20 What Happens Next
------ Resources:
Kyla on Twitter: https://twitter.com/kylascan?s=20
Kyla's Website: https://kylascanlon.com/
Financial Warfare: Russia-Ukraine by Kyla: https://kyla.substack.com/p/financial-warfare-russia-ukraine
Kyla's Recent Bankless Podcast Episode: https://youtu.be/p2QsIkEvlZw
Jake Chervinsky's Twitter https://twitter.com/jchervinsky
----- Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research.
Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here: https://newsletter.banklesshq.com/p/bankless-disclosures
104 - Why Everything Is Weird | Kyla Scanlon
Everything is weird right now, and Kyla Scanlon is here to tell us why. Kyla is an independent, Gen Z friendly, new age content creator with a fantastic newsletter and youtube channel. In addition, she is the BanklessHQ TikTok correspondent, dropping weekly recaps of the crypto world. Stepping outside the crypto bubble, there is craziness in the real world. We explore whether inflation is destroying the economy, social unrest, why younger generations are unhappy, and everything happening IRL right now.
Are we approaching war with Russia? Is globalization reversing? Can supply chains be fixed? Hang out with us as Kyla distills these complicated topics into well researched, thoughtful commentary.
------ ✨ DEBRIEF ✨ | Ryan & David's Unfiltered Thoughts on the Episode https://shows.banklesshq.com/p/debrief-kyla
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------ 🚀 SUBSCRIBE TO NEWSLETTER: https://newsletter.banklesshq.com/ 🎙️ SUBSCRIBE TO PODCAST: http://podcast.banklesshq.com/
------ BANKLESS SPONSOR TOOLS:
⚖️ ARBITRUM | SCALING ETHEREUM https://bankless.cc/Arbitrum
🍵 MATCHA | SMART ORDER ROUTING https://bankless.cc/Matcha
🚀 SLINGSHOT | LAYER 2 SOCIAL TRADING https://bankless.cc/Slingshot
🏦 GEMINI | TURN FIAT INTO CRYPTO https://bankless.cc/Gemini
🦁 BRAVE | THE BROWSER NATIVE WALLET https://bankless.cc/Brave
🦄 UNISWAP | DECENTRALIZED FUNDING https://bankless.cc/UniGrants
------ Topics Covered:
0:00 Intro 5:30 Kyla Scanlon 8:13 Inflation & Supply Chains 13:58 The Fed 18:15 Labor Markets 24:47 Social Unrest & Revolution 30:16 The Russia Ukraine Thing 35:14 What Modern War Looks Like 39:22 China & Getting Swifted 42:17 Energy Markets 52:35 Globalization 57:30 Narratives Shape Everything 1:01:47 Crypto in General 1:07:20 Line Goes Up Criticism 1:14:02 Green Energy Investment 1:19:53 Is Gen Z Screwed? 1:25:04 Meaning & Creating 1:31:40 Closing & Disclaimers
------ Resources:
Kyla on Twitter: https://twitter.com/kylascan?s=20
Kyla's Website: https://kylascanlon.com/
Bankless TikTok: https://www.tiktok.com/@banklesshq?lang=en
Principles for Dealing with the Changing World Order: https://www.amazon.com/Changing-World-Order-Nations-Succeed/dp/1982160276
Ukraine Meme: https://twitter.com/Ukraine/status/1468206078940823554?s=20&t=QrBDbm0rG-kp0eNDS2l-SA
----- Music by Pick Patek - My Mind Is A Barrel (feat. Raindrop Relly & Charles Hussle) - https://thmatc.co/?l=3CCE88F3
----- Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research.
Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here: https://newsletter.banklesshq.com/p/bankless-disclosures