Storm is coming and the baseball cards will save you

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A crash and recession would do this market some good.

Scott Galloway fears a market crash or social crisis in the next year. A top finance professor recommends putting money into baseball cards

Scott Galloway, the entrepreneur and NYU Stern marketing professor, issued a stark warning about the economy over the weekend on his Prof G Markets podcast, co-hosted with Ed Elson. But one of his colleagues, NYU Finance Professor Aswath Damodaran, offered up an even bleaker view. The market isn’t pricing in something “potentially catastrophic,” Damadoran said, so taking your money out of stocks and moving it into baseball cards isn’t a crazy idea.

Top financial commentator Robert Armstrong, of the Financial Times‘ Unhedged blog, took notice (Armstrong famously coined the term “TACO” trade, for “Trump always chickens out”). Damadoran is unusual, Armstrong wrote, because he’s not a perma bear like, say, Michael Burry of “The Big Short” fame, who has warned of a bubble and cryptically closed his hedge fund. Damadoran is “a true enthusiast” who “likes investing, believes in markets, and has a strong risk appetite.”

https://finance.yahoo.com/news/scott-galloway-fears-market-crash-153708901.html

Goldman Sachs: Over 1.1 Million Layoffs in 2025 Push 15% of ‘Unemployed’ into Gig Work on Uber, DoorDash, and Instacart

America’s job market is cooling noticeably, and the gig economy is quietly picking up more of the slack as workers search for ways to make ends meet.

A fresh analysis from Goldman Sachs shows that platform-based gig work — from Uber (UBER) to DoorDash (DASH) and Instacart (CART) — is holding steadier than traditional payroll jobs, which have been slowing.

According to the report, one in five people who lost pay, lost a job, or had their hours cut turned to gig work to replace the income. More evidence of weakening employment conditions is expected in Thursday’s delayed September payrolls release.

https://thedailyadda.com/2025/11/18/goldman-sachs-over-1-1-million-layoffs-in-2025-push-15-of-unemployed-into-gig-work-on-uber-doordash-and-instacart/

https://twitter.com/Barchart/status/1990912373759050153