Welcome to Crazy Town, Population: $1.4 Trillion Margin Debt

US margin debt, what investors borrow from their brokerages to buy securities, rose 54% from a year ago. Don’t take the punch bowl away!

Ricky Mulvey and Malcolm Ethridge discuss:

Malcolm’s prediction that Sam Altman will have to walk back OpenAI's spending commitments in the back half of 2026.

The mechanics of triple-leveraged ETFs, and how they're driving 10% single-day swings in stocks like Micron without any individual investor buying the underlying company.

The Cut’s article "It's Hard to See My Parents Living So Lavishly While We're Struggling." Stories of rich parents refusing to help their children; a loan a dad wouldn't cosign, and the daughter who found out at graduation she owed $80,000 in loans from her parents.

The history of corporations in America, and how an idea that Alexander Hamilton implemented could be used today; profitable companies that serve the public interest.

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Hosts: Ricky Mulvey, Malcolm Ethridge

Engineer: Tim Sparks

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