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On today’s show, we discuss:
- A default cycle has started, but credit spreads remain tight
- Billions wiped out as stock-safety trade on Wall Street misfires
- The Mcdonald’s theory of why everyone thinks the economy stinks
- Just how bad is the US cost-of-living squeeze?
- Most Americans are better off financially now than before the pandemic
- US gasoline prices fall for 60 straight days in win for US holiday spending
- Why is everyone so unhappy at work right now?
- It will never be a good time to buy a house
- A 30-year trap: the problem with America’s weird mortgages
- Financial happiness
- Why we fight about when we fight about money
Listen here:
Recommendations:
Charts:
Tweets:
Yesterday was the busiest day ever at airports in the US, with the @TSA reporting 2,884,783 people screened. It was also an incredibly smooth day of travel with fewer than one-half of one percent of 51,332 scheduled flights canceled. pic.twitter.com/6ZUVmaHyDR
— Flightradar24 (@flightradar24) November 27, 2023
DEUTSCHE: “.. there are more global cuts coming through than hikes, which is the first time that’s been the case since January 2021.” [Reid] pic.twitter.com/YYO7BNDe8e
— Carl Quintanilla (@carlquintanilla) November 21, 2023
S&P 500 $SPX is up almost 5% since the first Federal Reserve rate hike on March 17, 2022. There have been a total of 11 hikes while raising the rate from 0.25% to 5.50%. pic.twitter.com/fSGz7JhBW7
— Barchart (@Barchart) November 26, 2023
The MEME ETF and ARKK have been highly correlated, btw. pic.twitter.com/fX3XVdzJ4E
— Jeffrey Ptak (@syouth1) November 24, 2023
I dont have the reach of others and I know Ive been harping on this issue for a while. But I truly think its one of the most important in terms of electoral effects. You simply cannot convince people "inflation is coming down" when this reality exists.https://t.co/7jXhHl1XjH
— Dan Greenhaus (@DanGreenhaus) November 27, 2023
.. down -7.1% this month — on pace for the 2nd straight monthly loss after losing -10.76% in October
@CNBC #OOTT pic.twitter.com/2PA7yqZEPp
— Carl Quintanilla (@carlquintanilla) November 27, 2023
🔸Bill Gates Earns Nearly $500 Million In Annual Dividend Income
Bill Gates is earning nearly half a billion dollars a year in dividend income from his investments, according to regulatory filings
Gates, who is listed as the seventh richest person in the world with a net worth…
— *Walter Bloomberg (@DeItaone) November 28, 2023
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