Join Matt Zeigler, Jason Buck, and Dave Nadig in this unfiltered and dynamic episode of Click Beta from Excess Returns. Feeling "stupid and exhausted" from their daily grind in markets and business, the trio ditches the polished analysis for a raw, behind-the-scenes rant session. With a mix of optimism, pessimism, and plenty of tangents, they dive into pre-agreed and surprise topics—no Google allowed—offering a blend of humor, skepticism, and unscripted insights. From AI breakthroughs to geopolitical powder kegs, this episode is a rollercoaster of ideas, seasoned with their signature banter and a touch of nihilism.

**Main Topics Covered:**

- **AI’s Right and Left Tails:** The hosts explore AI’s potential for transformative breakthroughs (like rewriting Social Security’s COBOL code) versus its risks, including trust erosion and overhyped promises.

- **Tariffs and Economic Policy:** They debate the optimistic case for tariffs reshaping U.S. manufacturing and tax policy (e.g., a VAT system) against the reality of roboticization and political chaos.

- **Geopolitical Tensions:** From the U.S. as a fading global bully to speculative left-tail events like Arctic shipping disputes or an accidental spark in Africa, they ponder the end of Pax Americana.

- **Community and Legacy:** The conversation shifts to pro-social thinking—how AI might free up time for community, contrasted with musings on legacy, ancestry, and whether it even matters.

- **Surprise Topics:** - *Canadian Animosity Toward the U.S.:* Is Canada’s current patriotism a fleeting protest or a lasting shift?

- *Broadening Perspectives:* Matt seeks ways to inspire long-term, pro-social thinking in everyday life.

- *D.C. Real Estate and Political Scapegoats:* Jason speculates on buying the dip in D.C. housing and Elon Musk as Trump’s potential fall guy.

No investment advice here—just three market-weary friends riffing on the world as they see it. Like, subscribe, and share if you enjoyed the chaos!