Skippy and Doogles Weekly: Why the Market Tanked, and What Penguins Have to Do With It
🔥 Market Take of the Week
The train is officially off the rails. Trump’s tariff math is so bad, it triggered a $2,100 tax hike per household and a 10% market drop in 2 days. It’s not just wrong—it’s recession-risk-level wrong.
🎙️ This Week’s Podcast — Episode 222: “I Tariff So Hard Economics Can’t Find Me” (Listen: Apple, Spotify)
We break down the chaos: fake reciprocal tariffs, a formula that would make your econ professor vomit, and a market drop that rivals 2008. Also: why Target might get “reciprocally” shoplifted, and why penguins are at the center of this trade war.
IMF warns of “significant global risk” from new tariffs
JP Morgan says U.S. recession odds just spiked
Current estimates are that Apple products may go up 43%
RH’s CEO seeing his stock dropping during the earnings call is classic
Jeremy Siegel: “Worst policy mistake in 95 years”
AEI, Ted Cruz, Bill Gurley and Clifford Asness join the dunk parade
For premium listeners, Doogles talks through what he’s picking up and looking at right now
📊 Investing Insight of the Week
Running a trade deficit ≠ getting taken advantage of.
In fact, if you want to be the world’s reserve currency, you must run one. Otherwise… Goodbye Dollar General and hello Deutschmark General.
🚀 Round the Horn
Dave Chappelle’s call out in 2017
The USTR’s methodology for “tariff” calculations
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