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Ripple Effect

Socialism Seems Cool, Let’s Try It

Loading ...Addison Wiggin

November 6, 2025 • 1 minute, 9 second read


socialism

Socialism Seems Cool, Let’s Try It

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

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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.


The Hindenburg Five

February 24, 2026 • Addison Wiggin

The stock market “rebalancing” is a polite way to put it. Energy and health care are getting a healthy boost. But tech hardware and software makers are still getting dressed down and have been asked to report to the principal’s office.

The great rotation underway has triggered a series of “Hindenburg Omens.” Five have occurred in recent weeks.

The Hindenburg Five
Piercing The Veil

February 23, 2026 • Addison Wiggin

The S&P 500 has traded in a 3.7% range over the past two months — less than half the 20-year median of 8.6%. One of the tightest ranges in modern history.

In trader parlance, the indexes are “flat,” a setup that often materializes before a sell-off at the top after a multi-year bull market.

Goldman Sachs told its own traders to be aware that institutional trading activity resembles a VIX reading near 35. Rather than a reading of 20, where the VIX has been trading over that same 2-month period.

The U.S. software ETF, IGV, tested its April 2025 lows last week and trades roughly 35% below its peak. The “SaaS-pocalypse” in software companies reflects the fear of Citrini’s 2028 scenario happening in real time.   That divergence now exceeds the spread seen at the peak of the Great Financial Crisis.

Under the surface, the “great rotation” we wrote about last week is threatening to widen.

Piercing The Veil
Oh. Canada

February 23, 2026 • Addison Wiggin

Despite its overly-educated 40-million-plus population, on a GDP per capita basis Canada is null. Collectively, the Great White North would rank as America’s second-lowest state, coming in above Mississippi, but below Alabama.

Oh. Canada
Matt Milner: SpaceX + xAI: What It Means for You

February 20, 2026 • Addison Wiggin

SpaceX is the most valuable private startup in history — and if its success continues, it might become the most valuable public company in history.

After all, as Musk famously said in 2023, “I have never lost money for those who invest in me and I am not starting now.”

For investors, SpaceX has been a wild, joyful ride — and now the journey continues!

Matt Milner: SpaceX + xAI: What It Means for You