Socialism Seems Cool, Let’s Try It

November 6, 2025 • 1 minute, 9 second read

Final polling shows Zohran Mamdani won on the strength of young New Yorkers — especially women — who broke decisively his way:

Turn Your Images On

Younger voters – particularly women – threw in their lot with Mamdani. (Source: Visegrad24)

It isn’t hard to see why young people are looking for an alternative.

This cohort came of age through financial crises, inflation, a pandemic, trillion-dollar federal debts, chronic political deceit, a rough job market, predatory credit, expensive degrees with dubious ROI, and rents that make homeownership a punchline.

The status quo clearly isn’t working for the young. In that vacuum, socialism seems “cool,” so why not try it?

This brand of socialism, Mamdani-style, was pitched like a designer accessory — looks great in theory, billed to someone else (in theory).

~ Addison

P.S. Today’s the day! At 2PM Eastern on Grey Swan Live!, we’ll be joined by bestselling author Harry Dent on the cross-section between these generational demographics, the dependency state, ascendant AI, and what happens when the terrifying bull market gets even more terrifying…

We’ll also get behind-the-scenes details of Harry’s own “AI Crash” forecast with Grey Swan collaborator Adam O’Dell, which came out yesterday.

If you’d like to catch up on Harry and Adam’s research findings, click here for a replay.

In the meantime, feel free to send your Grey Swan Live! questions for Harry to feedback@greyswanfraternity.com.

Ripple Effect

Socialism Seems Cool, Let’s Try It

Addison Wiggin

November 6, 2025 • 1 minute, 9 second read

socialism

Final polling shows Zohran Mamdani won on the strength of young New Yorkers — especially women — who broke decisively his way:

Turn Your Images On

Younger voters – particularly women – threw in their lot with Mamdani. (Source: Visegrad24)

It isn’t hard to see why young people are looking for an alternative.

The status quo clearly isn’t working for the young. In that vacuum, socialism seems “cool,” so why not try it?

This brand of socialism, Mamdani-style, was pitched like a designer accessory — looks great in theory, billed to someone else (in theory).

~ Addison

We’ll also get behind-the-scenes details of Harry’s own “AI Crash” forecast with Grey Swan collaborator Adam O’Dell, which came out yesterday.

If you’d like to catch up on Harry and Adam’s research findings, click here for a replay.

In the meantime, feel free to send your Grey Swan Live! questions for Harry to feedback@greyswanfraternity.com.

A Masterclass In Absurdity

November 6, 2025 • Lau Vegys

If you’re from New York—or know anyone there—you’ll probably agree: most New Yorkers are fed up with crime, the outrageous cost of living, government incompetence and corruption—and, yes, the rats.

But the fact that a hard-core socialist like Mamdani is their favorite pick to solve those problems tells you that most voters have no idea why any of it is happening.

Their hatred of Donald Trump—and a steady diet of MSNBC—has made them blind to the obvious: it’s the Left’s policies creating these problems. You have rent control shrinking supply by forcing landlords to pull units from the market, union giveaways jacking up the cost of transportation, zero-bail laws putting criminals back on the streets, and so on and so forth.

The Price of Everything, the Value of Nothing

November 6, 2025 • Addison Wiggin

Markets are having themselves a moody little week.

The Dow’s off 1%, the S&P 500’s down 2%, and the Nasdaq — where the AI darlings dance — has stumbled nearly 4%.

Even the refuge assets are catching cold: gold glitters less, and bitcoin, ever the high-strung teenager of finance, is down nearly 8%.

At the moment, traders aren’t sure what to make of it all.

Trump’s tariffs are under review at the Supreme Court, Zohran Mamdani’s socialist experiment is about to begin in New York City, and the AI trade — Wall Street’s favorite bedtime story — is between plot twists.

The Price of Everything, the Value of Nothing

Harry Dent: America’s Demographic Time Bomb

November 5, 2025 • Andrew Packer

Decline will be felt by the economy on a lag and could be what ends up torpedoing his second term, along with his tariffs and the greatest bubble in history way overdue to burst in the next few years.

I objectively expect the music to stop while Trump is still in office, and no president gets re-elected in a bad economy (or his VP Vance), and this should be the worst since 1930-33.

If this decline had occurred right after he entered office, he wouldn’t have been blamed for it, or not as much. But after a full year+ and his tariffs appearing as a trigger, he will very much end up being blamed.

Harry Dent: America’s Demographic Time Bomb

Remember, Remember the 5th of November

November 5, 2025 • Addison Wiggin

Voters in New York City, New Jersey, and Virginia proved again that they don’t know much about economics — or history. Bad timing, given the precarious melt-up in AI stocks and the market’s collective sugar high.

It’s fitting, somehow, isn’t it? That today is Guy Fawkes Day — a day when rebellious Brits gather to light bonfires and celebrate the foiling of a plot to blow up Parliament in 1605.

Four centuries later, voters, central bankers, and mayors-in-waiting all light their own fuses. The political class no longer needs Guy Fawkes to torch the system; it’s doing just fine on its own.