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Who Owns the Stock Market? | Animal Spirits 366
Who Owns the Stock Market? | Animal Spirits 366
#Owns #Stock #Market #Animal #Spirits
“The Compound”
On episode 366 of Animal Spirits, Michael Batnick and Ben Carlson discuss: the biggest difference between bull and bear markets, cyclical vs. secular bull markets, what’s wrong with Europe, Gen Z is obsessed with the stock market, spending on concerts, everyone is moving to the south, how the…
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With three kids, our grocery bill is way higher than 6% of our pay
Bull sharks have been found in fresh water. Being bitten can drastically reduce your returns.
The Usmart Daily hot stock recommendation report is indeed very valuable, especially in the recent period of time has shown good returns, KEEP, Ruisheng Technology, CGN Power has a significant increase in the recent period of time
Why are you guys so confident that lowering rates won’t coincide with further increasing prices? I don’t see how you’re so certain that lowering rates would fix the housing market.
Kids in amsterdam was sweet just saying 4 and 2 yrs old. They loved it!
Very funny that Michael finds the guy’s quick email disclaimer rude yet he basically has the same exact (unspoken) policy for a random kid who wanted to speak with him.
“You can’t own the water, it’s God’s water.” 😂
Great soup nazi image! Well done!
Your completely in the wrong on the honk. Accept the fact you held up traffic, you know you would be upset. Just drive on and accept you were totally in the wrong
Claiming that housing needs relief is missing that the Fed is currently providing relief from the policy mistake they made in the pandemic that saw prices rise dramatically.
The majority of mortgage holders have rates below 3.5%…lowering rates by 50 basis points doesn’t entice that homeowner to move. It doesn’t unlock inventory..it unlocks credit, which will push prices even higher.
Considering Michael’s floundering attempts at professionalism during his early years have been mined for comedy gold here on the show (resume, job interviews, etc.) his demands for meeting and email etiquette today is unbelievable. Michael, cut people some slack, especially younger folks just getting started. You were a total buffoon once too.
The way batnick says "tarot" like carrot is hilarious
Why is there a prime rate that they fed sets for everything? Like for example why isn't there a specific housing rate that can stay lower and then a commercial/industrial rate that stays higher to still tamper inflation? What am I missing here?
Love that you like DMB. I see them every year at Jones Beach. Try OAR. Great live band fun vibe
Don't honk in Phoenix
Batnick in the VIP skybox for Rage Against the Machine is hilarious.
Ben carrying the convo for the first 20 mins
Talk about Tom Lee
PIIGS, Portugal, Italy, Ireland, Greece, and Spain are one paycheck short of being a third world country. Southern Italy has no real economy or industry, just tourism. Same for Portugal and Greece.
EDT. Eastern Daylight Time.
29:20 you should look up what Blippy did before the kids stuff. He tried to go viral a different way. Don't look it up at work though. If it's in a bathroom and plays The Harlem Shake you found it 🤣
Not to scare your son Ben but bullsharks can survive in freshwater and have been seen as far up the Mississippi River as st Louis. This is of course an incredibly rare occurrence and he should not stop him from going swimming
Thanks Fellas. Good show..gotta run market open .👋
If you overlap the productivity chart with a chart of the US Dollar vs the Euro (or GBP) they track pretty well. In a global economy how much of the productivity gap is caused by a weakening local currency, where the same output of work in euros is now worth less in the world reserve currency?
Is the productivity gap a currency effect, or is it the opposite and the productivity increases are causing the dollar to strengthen?
If I found out my financial advisors spent $600 on concert tickets I would fire him on the spot 😂
The south hates government and guess what keeps the machine running.
On the food %, I wonder if it’s based on average household income or median household income. If average, then we might look better compared to other countries? WSJ had an article on this maybe a year ago and it was ~10%. I can’t find it but I wonder why the difference.
24:51 the nit i'd pick here is money market funds don't pay dividends
Loved the discussion on concerts. My daughter and husband attended the Dead and Company at the Sphere in Las Vegas for 3 nights. I am 80 and my concert going is the Jazz Bistro in St Louis. Keep up the discussions. You guys are the best and of course Josh. Love your charts. Thanks
Not sure why you're asking regarding Europe as the answer is easy. They're stuck in high regulation protectionism, the EU is the problem. The reason the US does ok is because they print fake money more so and have the reserve currency and export their inflation to everyone else. As to Europe and Americans on holiday, Americans don't even know where Europe is on a map. The US is not free market capitalist anymore, they're moving towards socialism. The market in US is not dictate by the private sector. Reversion to the mean will happen, always does always will. Example, Chinese stocks.
Let me summarise any episode:
Things aren't as bad as people think
The market can keep going up
Housing doesn't do what it is expected to
The S&P is the best investment
On the food thing. At least Europeans and Japanese spend more for better quality diet. Not surprisingly, those countries have longer healthier lives.
35:10 – The level of rates should depend on inflation level and economic growth. It should not be about where one "feels" rates ought to be. It could be that the optimal rate level in the long run is zero or near zero. The fact that we feel zero rates are "wrong" is irrelevant.
This is all macro. look at average earnings in Europe vs USA. Eg Switzerland is 110k vs 55k. Yes the rich in USA are getting richer. But middle class is much better off in Europe.
Productivity is input hours divided by output hours. Output hours is how many hours it takes to produce a product. Input hours are hours worked. When people produce more product in an hour this is increased productivity. Most productivity gains come from improving processes via capital investment. Examples would be robots and automation. Productivity movements actually has little to do with effort of employees outside of extreme examples. The Industrial revolution greatly improved productivity and made people's work easier.
On the subject of food costs people tend to conveniently forget almost all food in the US is heavily subsidised by the government. As a friend once put it “we have to drink shitty coke sweetened with corn syrup because our taxes payed for the corn allowing McDonald’s to buy it cheap and sell It back to us at triple the profit margin of a coke in Canada”
One of my biggest pet peeves. When an idiot is glued to their phone when a light has been green for more than 3 seconds deserves a honk. Light honks are fine. Not trying to be a dick.
I work in the hospitality sector (outside the US) and over 30% of our revenue stems from US citizens.
34:46 this was a very solid take by your viewer. We are addicted to low interest rates as constant consumers
actually Bull sharks do swim upriver 100's miles into fresh water……Ben
the bodyguard is so goofy
monkey man was entertaining
jeff nichols is a decent director but the bikeriders is pretty mediocre
Life is back to normal in america when markets move up.
after yesterdays episode of wryt batnick just needs to sign all his emails
Rockin Ass, Batnick