Animal Spirits: The Next Subprime

On today’s Animal Spirits, we discuss

The next subprime?

Leveraged loan default rates are not something to worry about right now

Housing is 15-18% of GDP (I said 12-13% on the show)

Existing home sales are dropping

Eaton Vance with some good slides on leveraged loans

Ben contradicts himself

Where does…chocolate milk come from?

Alpha within factors

Listen below

Charts Mentioned

Recommendations

The Lost City of the Monkey God

My Life As a Humble Comedy Legend

Jonah Hill in The Social Network

The anatomy of a box office flop

 

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