Big tech drives stocks to record highs, as American families battle surging prices - The 11th Hour - MS NOW

[Rhiannon12866]

Gas and oil prices are in retreat, while stocks are hitting record highs. But across the country, American families are struggling to make ends meet. The 11th Hour Nightcap discusses the details. - Aired on 05/29/2026.

[bucolic_frolic]

1. 'The Iran war is a pump and dump scheme'. Yes, in a nutshell.

Markets are high? Tech stocks are high? Crypto is plunging. These super gigantic money pools move from one asset class to another, from bonds to crypto, from crypto to tech stocks. Software stocks have been pummeled, until today, that soared. As MAG7 stocks peak, the money moves to something else. There is already a huge industry betting on the looming Space-X IPO in mid June. Analysts brag all week long about their conquests, and proclaim the next Palantir.

The only looming problems they can't solve are inflation, debt, the collapsing economic system. And if they rejigger the money pools, they might escape those too. But that would involve plugging the debt with taxes on billionaires and billions (Trump tax cuts). There's plenty of money, it's just all been privatized into Private Equity and Credit, stocks, and crypto.

The money will be worthless because there's too much of it.