On today’s show we discuss:
- The state of the U.S. consumer
- Morgan Stanley is buying E*Trade
- Mom and pop are on an epic buying spree
- Turnover in the 1%
- Millennials are saving too much money?!?!
- The longest expansion in history
- Americans don’t understand diversification
- People are cutting the cord
- Zillow is losing millions on houses
Listen here
Recommendations
- The Devil’s Chessboard
- The Great Influenza
- Before sunrise
- The MVP Machine
- Life Isn’t Everything
- Ted Seides and Dan Rasmussen
Tweets
NBA team values averaging over $2 billion for the first time, according to @forbes. Most valuable teams: 1. Knicks ($4.6B), 2. Lakers ($4.4B), 3. Warriors ($4.3B), 4. Bulls ($3.2B), 5. Celtics ($3.1B).
— Darren Rovell (@darrenrovell) February 11, 2020
The trailing 12 month inflation rate (2%) in the US is now higher than every single maturity for treasury bonds from 30 years down
Choose your weapon:
a) the bonds mkt is dumb
b) demand for bonds is ridiculously high
c) deflation is coming
d) no one knows anything pic.twitter.com/PVmNN0KvHL
— Ben Carlson (@awealthofcs) February 21, 2020
Charts


