Today’s Animal Spirits is brought to you by YCharts:
On today’s show, we discuss:
- Are we heading for a recession?
- Rising rates make big companies even richer
- S&P US Scorecard
- You might be paying too much for that index fund
- Dead NFTs: The evolving landscape of the NFT market
- House poor is back: ‘The new normal for the foreseeable future’
- Goldman Sachs raises $15bn to buy stakes in private equity funds
Tropical Bros Shirts:
Me after hitting “no tip” and turning the tablet back around pic.twitter.com/3LzsiBlCRl
— Josh Black (@SirJoshuaBlack) September 24, 2023
Credit spreads sanguine. pic.twitter.com/TxhXZMa3GD
— Mike Zaccardi, CFA, CMT 🍖 (@MikeZaccardi) September 25, 2023
People keep piling into $TLT, another $750m this wk, amazing, can't recall an ETF taking in so much money ($16b, #2 overall) while being down so much and so consistently (esp when you can get just as much yield w no duration risk). Also happened w $KWEB but smaller scale. pic.twitter.com/eP9u9psS7X
— Eric Balchunas (@EricBalchunas) September 26, 2023
Is This a Real Estate Bubble?🏡
TCAF 110 with Jeremy Grantham is out now on all podcast platforms! Stay tuned for the YouTube drop later today⏯️🎙️
— The Compound (@TheCompoundNews) September 22, 2023
Since the early 2000s, there has been a structural decline in bullish sentiment. pic.twitter.com/9doMMvg37O
— Bespoke (@bespokeinvest) September 21, 2023
— Michael McDonough (@M_McDonough) September 26, 2023
BREAKING: A third of Americans earning $150,000 a year or more say they're living paycheck to paycheck and many rely on credit cards to close the gap, per Moneywise.
— unusual_whales (@unusual_whales) September 25, 2023
Gen X today is signficantly wealthier than Boomers were at about the same age: $600,000 for Gen X vs $500,000 for Boomers
Millennials today are about equal in wealth to Boomers at the same age, just over $100K
All inflation adjusted! pic.twitter.com/exx7urqRFk
— Jeremy Horpedahl 🤷♂️ (@jmhorp) September 25, 2023
It’s mostly cringe for middle aged people to gawk at general changes in younger generations, but the anti-socialization of childhood in America is really a stunning thing to see all at once. ht @jean_twenge pic.twitter.com/fpLfdRRdFl
— Derek Thompson (@DKThomp) September 24, 2023
— Barstool Sports (@barstoolsports) September 20, 2023
BOX OFFICE: With $630M domestically, #Barbie has now outgrossed the first two #Avengers films and every #StarWars film except for The Force Awakens. Greta Gerwig’s film has also outgrossed every single DC film to date. pic.twitter.com/qD34zf1kFT
— Erik Davis (@ErikDavis) September 24, 2023
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