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.
Stuff that never happens in the market seems to be happening more frequently.
The stock market recovery has erased most of the losses from the Corona bear market.
Michael and Ben discuss the work from home trend, the importance of dividends, market valuations and more.
