Today’s Animal Spirits is brought to you by Masterworks
On today’s show we discuss:
- Michaels interview with Barrons
- January employment report
- Some companies like recessions
- The job market is hot
- Corporations can handle a slowing economy
- Fidelity crypto report
- JP Morgan crypto report
- Luxury goods price inflation
- Quartr – prepared remarks are way too long
- UPS earnings report
- Google earnings report
- PayPal Earnings report
- Amazon earnings report
- Peloton takeover by Amazon
- The housing theory of everything
- Homeowners are equity rich
- Crypto and dating
January 2022 will be remembered as the month the virus ceased to be boss. It wreaked havoc & death at a terrible scale. But the economy no longer cares. People returned to the workforce. The economy added jobs. Wages rose. You would barely know it happened from the economic data.
— Jason Furman (@jasonfurman) February 4, 2022
Is Facebook a value stock now? pic.twitter.com/ocmeOuwXOa
— Ben Carlson (@awealthofcs) February 3, 2022
Americans: "Housing is crazy right now"@TheReal_TRREB: "Seasonally adjusted average resale house prices in Toronto rose 6.9%…..in January."
— Ben Rabidoux (@BenRabidoux) February 4, 2022
24742 100 AVENUE, Maple Ridge, BC
+48% in 3 months… nothing done
Sale Closed Oct 2021: $1,005,000
Just sold in Jan 2022: $1,490,000
"House is no value"… yes that is the actual house… welcome to BC… pic.twitter.com/WAygcjgYG5
— Mortimer (@mortimer_1) February 4, 2022
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