The ACID Capitalist Podcast
The ACID Capitalist Podcast
Hugh Hendry
What if AI cuts jobs faster than rates can fall?
1 hour 2 minutes Posted Nov 8, 2025 at 6:00 am.
There is a sound distortion at the start
Social Media, Pairs Trades, And CarMax
CarMax Collapse, CEO Exit, And Pull‑Forward Demand
Cobweb Theory, Inventories, And Cycles
Michigan Sentiment Hits Crisis Levels
Job Cuts Stats Versus ADP Noise
Media Hype, Bad Stats, And Signal
China Exports, Tariffs, And Trade Surplus Twist
Tech Selloff, Market Psychology, And Pain
Oracle, AI Capex, And Valuation Whiplash
0:00
1:02:00
Download MP3
Show notes
Send us Fan Mail Markets have a habit of choosing the path that hurts the most people, and this week they proved it. We open with a jolt: CarMax plunges 24%, the CEO is shown the door, and used‑car demand looks like a classic pull‑forward that left a hole in today’s sales. From there, we follow the thread across the macro tapestry: consumer sentiment hovering near crisis lows, layoffs announced at a pace that clashes with payroll prints, and a tech slide that turns “AI capex” from dream to do...