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Ed Elson (@edels0n) posted on 2026-06-26 saying “Things came undone this week”…

2026-06-26 · 19:55 UTC ·@edels0n ·1 min read

Brief

Prof G Markets (Ed Elson) framed a chaotic week—Keir Starmer’s resignation, a SpaceX market drop, stalled Iran talks, and a Senate-approved housing bill stalled at Trump’s desk—then pushed a must-listen interview with Gary Marcus claiming markets overprice AI. The episode also features discussions on SpaceX’s impact on the AI trade, UK economic decline, minimum wage evidence, housing legislation, Meta prediction markets, and oil implications.

Why it matters

Ed Elson (@edels0n) posted on 2026-06-26 saying “Things came undone this week”: Keir Starmer resigned, SpaceX “tanked,” Iran nuclear talks stumbled, and a Senate-passed housing bill is “dying on Trump’s desk.”

Key details

  • Elson highlighted a Prof G Markets episode with Gary Marcus who argues “AI is much less intelligent than the market is pricing”; other guests: @gilluria on SpaceX’s crash and the AI trade, @PJTheEconomist on 20 years of UK economic decline and Starmer’s resignation as a symptom, @arindube on why raising the minimum wage works, @FairweatherPhD on the housing bill’s survival, @MikeIsaac on Meta’s prediction markets, and Brian Kersmanc on what the Iran talks mean for oil.
Source evidence

Things came undone this week: Starmer resigned, SpaceX tanked, the Iran deal stumbled, and a housing bill that passed the Senate is dying on Trump’s desk.

Today’s conversation with @GaryMarcus is a must-listen. His argument: AI is much less intelligent than the market is pricing.

Earlier in the week, @gilluria came on to explain what SpaceX’s crash meant for the broader AI trade. Oxford’s @PJTheEconomist made the case that the U.K. economy has been quietly breaking for 20 years, and how Starmer’s resignation was a clear symptom of that reality.

Other beats: @arindube on why raising the minimum wage actually works. @FairweatherPhD on whether the landmark housing bill will survive. @MikeIsaac on Meta’s prediction markets play, and Brian Kersmanc on what the Iran talks actually mean for oil.

Full episodes here: piped.video/@ProfGMarkets

Link

Prof G Markets

Prof G Markets is your daily briefing on the news moving markets — from earnings and geopolitics, to Big Tech and AI. Hosted by Scott Galloway and Ed Elson, we cut through the noise with no-BS...
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