Podcast

The WeWork parallels:

• Charisma cult: Sam Altman acts like Adam Neumann – he sells a utopia (AGI instead of “Community”) to justify astronomical valuations that are beyond any current cash flow reality.
• Structural trap: WeWork was bound by lease agreements, OpenAI by gigantic computer leasing contractsBoth are massive fixed costs that will lead to collapse if growth stagnates.
• Voodoo numbers: The forecast of $280 billion in revenue by 2030 is strongly reminiscent of WeWork's "community-adjusted EBITDA." It's a bet on growth that would be historically unprecedented.

Today we're talking about a geopolitical earthquake: The Strait of Hormuz It is burning, and with it the foundations of US power are shaking – the PetrodollarsFor decades, the US Navy has secured oil routes so the world can pay in dollars. But Donald Trump's approach in the Iran conflict raises a radical question: What happens if the US loses or relinquishes control of this crucial waterway? If Iran demands fees in cryptocurrency and China pushes the petroyuan, more than just the price of oil is at stake. The fate of the dollar as the world's reserve currency is on the line. Today we analyze: Is Trump jeopardizing America's "exorbitant privilege"?

The news trap: Those who sell out of fear due to war news usually act too late and too emotionally.

The decoupling: Despite the crisis, companies are delivering strong results today. The market is learning to factor in geopolitical risk and continue operating.

Investor focus: Focus on fundamental data and cash flows, not political rhetoric.

And finally ... Those who focus solely on the war miss the opportunities that the robust capital market offers despite the crisis.

One tweet, one click – and the markets tremble. For years, digital market manipulation was Donald Trump's exclusive domain. But now the 'Master of the Tweet' is facing competition from an unexpected quarter: Tehran. The Iranian regime has cracked the 'Trump code'. Instead of relying solely on missiles, Iran is now using smartphones as weapons to drive down oil prices and unsettle investors worldwide. When two unpredictable players control the global economy via app – who wins this game of billions? The new era of the tweet economy. How Iran is learning to beat Wall Street at its own game.

Chip stocks currently know only one direction: straight up. But while we're in the midst of an irrational melt-up, something is brewing geopolitically that could abruptly end the party. What happens when the AI ​​euphoria hits a stalemate? Strait of Hormuz Does it apply? In this episode, we discuss why the energy supply of chip factories and global supply chains are hanging by a thread far more than the current record prices would suggest.

A new name, a completely new system? In Washington, Kevin Warsh is preparing to take over as chairman of the Federal Reserve in May – and he's not coming to simply continue Jerome Powell's policies. Warsh speaks openly of a 'regime change': He wants to trim the Fed's massive balance sheet, radically change the way inflation is measured, and modernize the central bank's communication. But as markets stare at interest rate trajectories, the crucial question arises: Can a Trump-nominated chairman truly remain independent, or will the Fed become an extension of the White House? 

Gas prices are at record highs – but are they really as expensive as we think? In today's episode, we look behind the numbers at the pump. The crucial factor isn't the price per liter, but the labor required per liter. While in the 1960s you had to work for around 16 minutes to buy a liter of gasoline, today, despite crises, it's usually only about 6 minutes. Today, we analyze the development of purchasing power since the post-war economic boom and answer the question: Do we actually work less for our mobility today than our grandparents did?

"Tell me... is it even possible to invest responsibly in times like these?" I hear this question constantly these days. And it's a valid one. Because anyone looking at the markets today often sees only extremes: either the sheer fear of being left behind, or the worry that everything will collapse tomorrow. The problem is: anyone who lets themselves be driven by this uncertainty almost inevitably ends up in... FOMO trapPeople wait too long, watch prices rise, lose patience, and then jump on the moving train at the peak out of an emotional stance – often with fatal consequences for their portfolio.

Imagine the market like an ocean: Every new impulse, every change is like a stone thrown into the water. It takes time for the waves to settle and for the market to truly "price in" this new circumstance. In theory, this is a process of reorientation, a search for fair value. But this is precisely where the problem lies: While the market is still trying to process yesterday's waves, the next – often completely contradictory – impulses are already crashing in. We are in a phase of constant price discovery, in which a "calm" market development is hardly possible because the noise of the news is louder than the signal from the fundamentals. Why this is the case, how to maintain perspective in this storm, and why patience is the most valuable currency right now – that's what we'll be discussing today.

Systemic upheaval. We're right in the middle of it. Wherever old certainties crumble, we – the next generation – are standing there, trying to keep track of everything. From the outside, it often looks so effortless: We juggle jobs, crises, climate change, and identity as if multitasking were our superpower. But let's be honest: Are we really capable of it, or are we just pretending? Is this 'always online, always flexible' really our nature – or is it rather a survival strategy born out of necessity? And if so, what's the price? Are we pushing ourselves to the absolute limit with this seemingly carefree lifestyle?