Today’s Animal Spirits is brought to you by YCharts
On today’s show we discuss:
- When should you rebalance?
- 87% of people are worried about inflation
- Inflation is a villian
- A used car might cost more than a new one
- But what if it’s still transitory?
- Best inflation chart ever
- Lumber prices crashed
- Prices only up. Buy stocks.
- Car are an appreciating asset
- Labor has the upper hand
- The pandemic made us more productive?
- Half of all states have opted out of unemployment
- Pandemic relief is coming to an end
- Harry Dent is bearish
- His Books
- Child tax credit – what you need to know
- Private markets are flush with cash
- Cash offers
- People are starting to list their homes
Listen here:
Recommendations:
- Arrival
- Project Hail Mary
- Prometheus
- Mr Inbetween
- The White Lotus
Charts:
Tweets:
Here are the items really driving up inflation:
Car rental 87.7% (y/y change)
Used cars 45.2%
Gas 45.1%
Laundry machines 29.4%
Airfare 24.6%
Moving 17.3%
Hotels 16.9%
Furniture 8.6%
Bacon 8.4%
TVs 7.6%
Fruit 7.3%
Shoes 6.5%
Fresh fish 6.4%
New cars 5.3%
Milk 5.6%
Rent (OER) 2.3%— Heather Long (@byHeatherLong) July 13, 2021
Breakdown of U.S. Retail Sales: pic.twitter.com/IZ3jHVzFL6
— Michael McDonough (@M_McDonough) July 16, 2021
$AAPL & $GS are launching a BNPL service known as "Apple Pay Later" enabling Apple Pay users to pay across 4 payments every two weeks or across several months. $V & $GPN annc a similar product in Canada today.
This + $PYPL & eventually $SQ make BNPL a feature & not a company pic.twitter.com/8O9lYwU9a6
— John Street Capital (@JohnStCapital) July 13, 2021
U.S. consumer prices rose 0.9% in June, and were up 5.4% from a year earlier. (Note, though, that the year-over-year number is inflated by base effects from the height of the pandemic shut downs last year.)https://t.co/3j86KuSzDi
— Ben Casselman (@bencasselman) July 13, 2021
CoreLogic: House Prices up 9.2% Year-over-year in December https://t.co/YyM5k8ffE5
— Bill McBride (@calculatedrisk) February 2, 2021
Check out our t-shirts, stickers, coffee mugs, and other swag here.
Subscribe here:
