On today’s Animal Spirits, we discuss:
- Ben Hunt on unrealistic expectations
- Drew Dickson weighs in on the passive bubble
- WeWork might slash their valuation prior to the IPO
- Galloway on Uber and other things
- An introduction to credit card points
- The stock market actually might be the economy
- Americans own more stock than ever
- Academics on the passive bubble
- The influencer market is saturated
- Why people don’t like financial advice from the experts
- Student loan forgiveness
- Realtor fees haven’t come down
- The NBA might go public
- Why are marriage rates down (survey)
- Life is hard. Even for people like Brad Pitt
- People are leaving New York, Chicago, and Los Angeles
- Soul Cycle is the loser
- Peloton has a low churn, at least for now
Recommendations
Listen here
Charts
Tweets
It's fascinating to me that there's been no net inflows into U.S. stocks via funds since he GFC. The $3T-ish in passive inflows were offset by active outflows. It all adds up to -$350b yet the stock market is up 300% during that time. Pretty wild. Chart via @mbarna6 pic.twitter.com/f5kDnQKUaE
— Eric Balchunas (@EricBalchunas) September 7, 2019
Facebook is partnering with industry leaders and academic researchers to create the DeepFake Detection Challenge, a collaborative effort to build new tools to detect videos that have been manipulated with AI. https://t.co/IlwSVmhQxb pic.twitter.com/XNpR95MniF
— Facebook AI (@facebookai) September 5, 2019
they told me no charts, so I'm just going to have to wave my arms real fast as I use words to paint pictures like these pic.twitter.com/DpNzHjPHVq
— Leonard Kiefer (@lenkiefer) September 6, 2019
Panasonic created a fridge that comes to you on command pic.twitter.com/EGVZSGGpfi
— Business Insider (@businessinsider) September 7, 2019
