On this week’s Animal Spirits with Michael and Ben we discuss:
- How the financial crisis benefitted private equity
- How many tech unicorns will go bust?
- How much longer are companies staying private?
- Quants are taking over the markets
- Did Michael stick with his Whole 30 diet?
- How much should you give your children for an allowance?
- Why anecdotes tell us nothing about the overall economy
- How low can the unemployment rate go?
- Why are so many young people getting married later in life?
- Why Fidelity is the Microsoft of asset management
- Even with zero-fee trading, financial firms will still find other ways to make money
- How many adults in the US finished a book last year?
Listen here:
Stories mentioned:
- How private equity took over everything
- Overvalued unicorns
- Something strange about the 2019 IPO market
- The stock market is now run by computers
- Average weekly allowance?
- SI layoffs
- Economists wonder how low US unemployment rate can go
- Manhattan real estate prices drop most since 2011
- Reconfiguring the American Household
- The state of the IPO market
- Expanding investor access
- All eyes turn to Fidelity
- Your stock trades are free but your cash is in chains
- Who doesn’t read books in America?
Books mentioned:
Charts mentioned:
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