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On today’s show we discuss:
- There’s a housing affordability crisis
- But what if houses aren’t as expensive as we think
- There are more realtors than houses
- It’s hard work being a junior investment banker
- Retiring early might not be all it’s cracked up to be
- The child tax credit is a big deal
- Ray Dalio on what happens when everyone goes to sell their bonds
- Why the stock market has had higher valuations over the last 20 years
- Robinhood coincidentally offering rewards for new cash deposits as stimmy checks hit. Total coincidence
- How yound people plan to spend their check
- Research Affiliates on the electric vehicle delusion
- Ark’s bear case on Tesla is pretty bullish
- The college admission scandal is nuts
- Bruce Willis movies suck
Listen here:
Recommendations:
- Stehanie Kelton on Odd Lots
- Ted Seides new book
- Dazed and Confused
- Cosmic Sin
- Before Sunrise
- Dark Sky
Charts:
Tweets:
Las Vegas casinos broke records last night.
— Vital Vegas (@VitalVegas) March 21, 2021
2020 was an unbelievable year for fixed income issuance. Opportunistic issuance for corporations, refinancing for individuals, USTs, etc. pic.twitter.com/0sdt6j7Op9
— David Schawel (@DavidSchawel) March 16, 2021
Easily the most triggering chart in all of personal finance.
How a Family of Four "Survives" Off $400,000 Living in An Expensive Metropolitan Area
After buying a $2 million house, slumming it in a Toyota Highlander, and maxing out both 401(k)s, you're left with just $3 a month pic.twitter.com/vZBQFchxPv
— Michael Batnick (@michaelbatnick) March 22, 2021
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