This Week in The Degenerate Economy: Affirm Joins The Degenerate Economy Index, Polymarket Heats Up, and the Wealth Gap Widens

Good morning…

This week I cover the following topics:

I added Affirm ($AFRM ( ▲ 1.83% )) to my Degenerate Economy Index, explained why Polymarket/Kalshi could eat the gambling industry alive, and how Google Calendar is loved by the yoots. I also explain why the Wall Street–Silicon Valley merger is a nightmare accelerator of the wealth gap, and why growth stocks keep steamrolling on a relative basis.

You can follow along with how I have been investing along this theme the last few years with the index I created here.

• Intro & Degenerate Economy Index Hits New Highs (0:00)

• Adding Affirm: Buy Now, Profit Later? (0:50)

• Why Prediction Markets Like Polymarket Will Disrupt Gambling (2:20)

• Gen Z Discovers Google Calendar, and That’s a Good Thing (4:25)

• DoorDash, Bitcoin Rewards, and Lazy Degeneracy (5:40)

• Wealth Gap 2.0: Wall Street + Silicon Valley = Inequality Explosion (6:50)