Animal Spirits: The Second Wave

Show number 3 this week. Thank you for sticking with us. We discuss: Will we get inflation or deflation from this crisis? When will you feel safe to fly again? How about a restaurant? Why life is going to be weird for a while The economy is going to be operating at partial capacity for…

Animal Spirits: Mountains of Debt

This week’s Animal Spirits with Michael & Ben is supported by YCharts: Mention Animal Spirits and receive 20% off your subscription price when you initially sign up for the service We discuss: When will people feel comfortable going back to Disney? Companies are borrowing like crazy Why the anger from Main Street is justified Why stories stick with…

My New Theory About Future Stock Market Returns

At the lows, the S&P 500 was off roughly 34% from its highs. From those lows it’s now up almost 25%. This is confusing to many investors for a number of reasons: The economy is still effectively shut down for the foreseeable future The unemployment numbers continue to worsen as jobless claims in the past…