No Mercy / No Malice: Patient(s) Zero

Hogging seats on a crowded train, not saying excuse me, watching videos on your phone with no headphones in. Sometimes it feels like we don't know how to act anymore. What we have been seeing, increasingly, is people breaking rules. Why should I play by the rules if nobody else is going to do that for me? This week on Explain It to Me, how to mind your manners.

New episodes Sundays wherever you get your podcasts. I'm Scott Galloway, and this is No Mercy, No Malice. The things you aren't thinking about are the things that cause the most damage. I believe emerging markets, specifically Bangladesh, Egypt, Pakistan, and Sri Lanka, could be patience zero for the next market collapse. Patience zero, as read by George Hahn.

Sometimes the canary in the coal mine is an early warning system. Other times a dead canary is a false positive that causes panicked miners to stampede to the surface, crushing each other in the rush for air that was never poisoned. The panic is the poison. Currently global markets are pricing in the economic fallout of the US-Israel war on Iran and the near closure of the Strait of Hormuz, a choke point for 21% of the world's oil and 20% of global liquefied natural gas. Equity markets in the EU, India, Japan, South Korea, and the UAE have declined 8% to 17% since February 28th.

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