• Howie Town
  • Posts
  • The Howard Lindzon Show: Platforms Win: Degenerate Economy, Bitcoin Crowding, and Silver Mania

The Howard Lindzon Show: Platforms Win: Degenerate Economy, Bitcoin Crowding, and Silver Mania

Author

Howard Lindzon
January 02, 2026

Good morning…

We made one more episode of The Howard Lindzon Show with Michelle Steele. It’s the last show of 2025 so I sugarcoated nothing.

Our conversation jumps straight into the Degenerate Economy Index: a strong year, but also a reality check: fresh ideas are harder, the degenerate economy is getting crowded, and we’re in a digestion phase after big runs from companies at the edge of degeneracy like $GOOGL ( ▲ 0.54% ) , $NVDA ( ▲ 1.57% ) , $AAPL ( ▼ 0.85% ) , and $HOOD ( ▲ 1.38% ) .

We then explore a few additional topics relating to the Degenerate Economy:

  • Why Philip Morris / Zyn ($PM ( ▲ 0.06% ) ) sits in the degenerate economy even if you hate everything about it (except profits)

  • Why $AFRM ( ▼ 1.65% ) might be the “poster child” of buy-now-pay-later degeneracy, including the logic behind revisiting it now

  • Why $BTC ( ▲ 2.44% ) can be “not a problem” at these levels unless you bought the top and why it has a ‘new buyer’ problem

  • Why $MSTR ( ▲ 2.86% ) feels structurally different (and why the market is “hammering” its weakness)

  • Why the late-year Silver surge doesn’t do much for me, but signals something bigger: deglobalization, commodity hoarding, and countries putting up walls

  • Why the real ‘affordability and inflation’ story isn’t just ‘groceries’, it is also the commodities that keep countries running

  • Why 2026 could bring a real affordability/inflation crisis and even a potential meltdown

And the core theme that ties it all together: the platforms win. Hope you enjoy!

JUMP TO THE GOOD STUFF:

Disclaimer: All opinions expressed on this show are solely the opinions of the hosts’ and guests’ and do not reflect the opinions of Stocktwits, Inc. or its affiliates. The hosts are not SEC or FINRA registered advisors or professionals. The content of this show is for educational and entertainment purposes only. Please consult with your financial advisor before making any investment decision.

Stocktwits, Inc. (“Stocktwits”) operates the stocktwits.com website and Stocktwits mobile device applications (the “Apps”). Stocktwits is not a securities broker-dealer, investment adviser, or any other type of financial professional. No content on the Stocktwits platform should be considered an offer, solicitation of an offer, or advice to buy or sell securities or any other type of investment or financial product. Read the full terms & conditions here. 🔍

Reply

or to participate.