Today’s Animal Spirits is brought to you by Eaton Vance:
See here for more information on Eaton Vance’s suite of ETFs
On today’s show, we discuss:
- Tropical Bros Animal Spirits collection
- Seinfeld: “Breaking up is like knocking over a Coke machine”
- Household Debt to Income
- The Dramatic Turnaround in Millennials’ Finances
- Florida hit by ‘worst real estate crisis in decades’ as desperate condo owners slash prices by up to 40%: ‘It’s paradise lost’
- Why your parents should buy you a house
- HLT earnings
- WMT earnings
- Elon Musk’s Twitter Takeover Is Now the Worst Buyout for Banks Since the Financial Crisis
- AGA Commercial Gaming Revenue Tracker
Listen here
Recommendations:
- The Bikeriders
- Bad Monkey
- Paramount Plus
- James Carville
- Trap
- The Union
- Industry Season 3
- It Ends With Us
- Furiosa
- Alien: Romulus
Charts:
Tweets:
Retail sales above expectations at 0.4% gain overall, with control group up 0.3% and jobless claims below expectations at 227K. Continuing claims a bit lower.
— Kathy Jones (@KathyJones) August 15, 2024
Layoffs rate is extremely low pic.twitter.com/mVIeV15LZB
— Mike Zaccardi, CFA, CMT 🍖 (@MikeZaccardi) August 19, 2024
APOLLO: “.. retail sales are strong, jobless claims are falling, restaurant bookings are strong, air travel is strong, hotel occupancy rates are high, bank credit growth is accelerating, bankruptcy filings are trending lower, credit card spending is solid, and Broadway show… pic.twitter.com/WXes9Hi1Uh
— Carl Quintanilla (@carlquintanilla) August 17, 2024
Moreover, the relatively little core inflation we've had in the last three months was more than entirely shelter. If you take shelter out then the annual rates are:
1 month: -0.2%
3 months: -0.3%
6 months: 1.5%
12 months: 1.8% pic.twitter.com/barpFTghtY— Jason Furman (@jasonfurman) August 14, 2024
The last 12 inflation readings:
2.89%
2.97%
3.27%
3.36%
3.48%
3.15%
3.09%
3.35%
3.14%
3.24%
3.70%
3.67%At the very least the volatility of price levels has subsided
— Ben Carlson (@awealthofcs) August 14, 2024
https://t.co/BzxByqZkH8 pic.twitter.com/iCIzMHuw24
— Nick Timiraos (@NickTimiraos) August 15, 2024
Food company profit increases since inflation peaked:
Cheesecake Factory +471%
Cal-Maine +268%
Jack In The Box +213%
Chipotle +110%
Starbucks +47%
Sysco +43%How much did they collectively spend on stock buybacks? Over $10 billion.
They used inflation as cover to get rich.
— Robert Reich (@RBReich) August 16, 2024
From ARKK's 10/31/14 incept through 1/31/24 (date of its most recent semi-annual report), the fund had collected ~$362.7MM in fees, cumulative. Over this period, the fund had lost ~$7.5B cumulative. pic.twitter.com/NFurkXoKon
— Jeffrey Ptak (@syouth1) August 15, 2024
Some people are very disturbed over how we sent our daughter to sleepaway camp for 7 weeks. Let’s hit the basics:
– Camp is the ultimate playground for kids, where they make lifelong friends and grow as humans.
– It is a privilege, not a punishment.
– We missed her way more… https://t.co/cacYFmBHCu
— Heather Joelle Boneparth (@averagejoelle) August 17, 2024
Saved by the Bell premiered this day in 1989.
It was the first time many people had seen a cell phone.
Roughly 1% of Americans had one at the time.
It cost thousands of dollars.
It took 10 hours to charge.
And the battery lasted for 30 minutes. pic.twitter.com/kChiaql2YE
— Jon Erlichman (@JonErlichman) August 20, 2024
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