Ed Elson is joined by Michael Green to discuss the role that leverage played in the turmoil with Leopold Aschenbrenner’s fund, Situational Awareness, and how leveraged-ETFs are impacting the semiconductor industry. Then, Katie Martin returns to break down why the U.S. intervened to help Japan with the yen and whether the U.S. is actually in a position to prop up the currency. Finally, Ed gives his take on Trump’s decision to sell early access to his social media posts. Michael Green is the Chief Strategist and Portfolio Manager for Simplify Asset Management and author of the Yes I give a fig Substack. Katie Martin is a markets columnist and editorial board member at the Financial Times.Subscribe to the Prof G Markets Youtube Channel Check out our latest Prof G Markets newsletterFollow Prof G Markets on InstagramFollow Ed on Instagram, X and SubstackFollow Scott on InstagramSend us your questions or comments by emailing [email protected]Learn more about your ad choices. Visit podcastchoices.com/adchoices