On today’s show we discuss
- People aren’t doing much tinkering in their retirement accounts
- Airlines have declared bankruptcy 66 times since 2000
- Cullen Roche on the COVID-19 Aid package
- Stock picker’s market
- Are Buffett and Munger slowing down?
- Will this recession destroy private equity?
- How the Coronavirus might reduce income inequality
- Quantifying the tradeoff between closing the economy versus leaving it open
- Garnishing relief money
- 8% of people pay 75% of overdraft fees
- Disney–workers versus investors
- Amazon slashes affiliates commisions
- Amazon Shareholder Letter
- Amazon pays a butt ton of payroll tax
- Mary Meeker charts
- If buybacks are bad, what about the alternative?
Unlike other indices, the biggest firms in the S&P 500 “are in sectors that have benefited, at least in relative terms, from measures taken to control the spread of the virus,” says @CapEconUS. Like I.T. and comm services
Ratio of top 50 S&P market caps to the rest of the index: pic.twitter.com/ff5HN3u7RO
— Carl Quintanilla (@carlquintanilla) April 17, 2020
— Jim Bianco (@biancoresearch) April 17, 2020