This week’s Animal Spirits with Michael & Ben is supported by YCharts: Mention Animal Spirits and receive 20% off your subscription price when you initially sign up for the service. We discuss: The biggest 50-day rally in stock market history The fastest stock market ever How far the market has come since March Why people underestimated the Fed…
New all-time highs, small > big, value > growth and rising interest rates may be signalling a new bull market is here.
Taking stock of the stock market so far in 2020.
The consensus from economists for this week’s employment report was a payroll decline of 7.5 million employees, which would translate into an unemployment rate of 19.1%. Based on everything we’re hearing and seeing in the economy and economic data throughout the pandemic, this seemed like a decent estimate of what was to come. To quote…
Michael and Ben talk with Daniel Crosby about behavioral psychology and why we make bad financial decisions.
Why two 30%+ moves in the stock market this year are not that out of the ordinary.
We discuss: 2020 vs. 1968 Putting your problems into perspective Who is to blame for wealth inequality in America? Why young people are so angry right now Why working from home is a privilege Why did the savings rate increase to 33%? Why you can’t gauge the economy based on a single datapoint Why don’t…
1968 is widely regarded as one of the worst years in American history. It was the deadliest year in the Vietnam conflict with more than sixteen thousand American soldiers dying. In a nine-week span between April and June of 1968 both Martin Luther King, Jr. and Robert Kennedy, two of the most inspirational figures in…
“A spoonful of tar can spoil a barrel of honey, but a spoonful of honey does nothing for a barrel of tar.” – Old Russian Saying In his heyday, David Letterman was a celebrity to celebrities. Every comedian on the planet has a podcast now and the ones from a specific era mention making it…
Pros and cons of working remotely.
