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On today’s show, we discuss:
- 200 years of market concentration
- Wall Street’s favorite recession indicator is in a slump of its own
- Amazon is slashing prices on 4,000 grocery items, joining Target and Walmart
- Data has shown most American households have come out ahead of inflation
- 80% of Millenials have a mortgage rate under 5% – only 52% of Gen Z borrowers can say the same
- Freddie Mac proposed buying home equity loans
- Commercial real estate in focus
- High-Yield was Oxy. Private Credit is Fentanyl
- Private Credit has raised more money than it has returned
- Canada’s Ninepoint halts cash payouts on three credit funds
- Nearly 80% of Americans say fast food is now a luxury because it’s become so expensive
- A finance guru on what the inflation debate gets wrong
- Assets and debts across generations
- Key engines of US Consumer spending are losing steam all at once
- Is consumer spending slowing?
Listen here:
Recommendations:
- Dark Matter
- Godzilla Minus One
- Star Wars – The Phantom Menace
- Star Wars – Attack of the Clones
- The Holdovers
- The First Omen
Charts:
Tweets:
When people ask why the US has outgrown Europe and Japan in the years since Covid, pumpers will often try to point to the large US fiscal deficit as the reason.
This lazy claim is easily refuted by the example of the UK. The UK ran a cumulative fiscal deficit that was almost as… pic.twitter.com/ZrqkeVER0l
— Jesse Livermore (@Jesse_Livermore) May 31, 2024
My home insurance renewal was a 30% increase yoy
Not great
So I shopped around & actually found a price that was 20% lower than my previous policy last year (nearly 50% lower than the renewal amount)
I am doing my part to personally fight inflation from our corporate overlords
— Ben Carlson (@awealthofcs) May 31, 2024
More context on just how absurd $IBIT is, there's only been one ETF in history to reach $20b in assets in under 1000 days. $JEPI, which did it in 985 days. $IBIT is a hair away at 137 days. Chart via @thetrinianalyst pic.twitter.com/ensYnZ65z5
— Eric Balchunas (@EricBalchunas) May 29, 2024
Millennials' net worth was $5 trillion in early 2020
$13.5 trillion today @yardeni pic.twitter.com/OgEC6Kwjpy
— Mike Zaccardi, CFA, CMT 🍖 (@MikeZaccardi) June 2, 2024
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