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On today’s show, we discuss:
- Is America Still a Nation of Small Businesses?
- Tech Giants Double Down on Their Massive AI Spending
- Europe: The Slow and Steady Train
- The 401(k) Has Reached a Tipping Point in Its Takeover of American Retirement
- Blackstone’s BREIT hole keeps growing
- Most Americans watch TV during dinner; 41% talk to the people they’re with
- RFK Jr. had up to $1.2 million in credit card debt — what experts say about tackling high balances
- Is $1 Million Still a Lot of Money?
- Even Disney Is Worried About the High Cost of a Disney Vacation
Listen here
Recommendations:
Charts:
Tweets/Bluesky:
— Dan (@robustus) February 7, 2025
This is a favorable development. Big businesses generally pay better, do more training, engage less in wage theft and other abuses and have more upward mobility. https://t.co/u318dPtPgq
— Jason Furman (@jasonfurman) February 8, 2025
$BABA acquiring 10% stake in DeepSeek pic.twitter.com/eVVM3i2lEG
— The Long Investor (@TheLongInvest) February 7, 2025
The median age of buyers increased to a peak of 56 years old, up from 49. The median first-time buyer age increased to 38, increasing from 35, while the typical repeat buyer age also increased to 61 from 58. These are all record highs. pic.twitter.com/E9S6MEDYDy
— NAR Research (@NAR_Research) February 7, 2025
“.. 17.2% of U.S. homeowners with mortgages have an interest rate greater than or equal to 6% … highest share since 2016 ..”- Liz Ann Sonders
— Carl Quintanilla (@carlquintanilla.bsky.social) 2025-02-07T12:54:22.971Z
The easiest way to tell if someone is out of touch financially—ask them whether they think $1 million is a lot of money.
Hint: It is. It's not what it used to be, but it still is.
— Nick Maggiulli (@dollarsanddata) January 30, 2025
🎬'Billy Madison' starring Adam Sandler premiered in theaters 30 years ago, February 10, 1995 pic.twitter.com/QY8PJTmhYY
— RetroNewsNow (@RetroNewsNow) February 11, 2025
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