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Animal Spirits: The Bitcoiners Won
Michael Batnick
November 13, 2024
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This week we sat down with Meb Faber to discuss a new $12 trillion opportunity for financial advisors
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We’re going to hear lots of stories about which people, policies and rhetoric are to blame for the Democrats’ defeat.
Some of those stories may even be true!
But an underrated factor is that 2024 was an absolutely horrendous year for incumbents around the world 👇
— John Burn-Murdoch (@jburnmurdoch)
11:27 AM • Nov 7, 2024
IMO some economists are reaching the wrong conclusion from the election.
People felt like the economic narrative was disingenuous.
They were told inflation was “transitory”.
They were told govt spending didn’t cause inflation.
They were told inflation wasn’t harmful because… x.com/i/web/status/1…
— Cullen Roche (@cullenroche)
3:48 PM • Nov 9, 2024
Roughly *67%* of voters rated the economy as "not so good/poor," per Washington Post exit polls
A shockingly poor number amid a hot labor market, booming stocks, much lower inflation, growing GDP
But widespread voter dissatisfaction w/ the economy been clear for years
— Jeff Stein (@JStein_WaPo)
5:01 AM • Nov 6, 2024
"When growth is plentiful, investors look for stocks that are cheap. In these conditions, it’s value that’s in short supply, not growth."
@johnauthers
— Daily Chartbook (@dailychartbook)
11:46 AM • Nov 8, 2024
As Donald Trump readies to return to the Oval Office, U.S. retailers that depend on foreign suppliers are prepared to pass along the cost of his proposed import tariffs to consumers, potentially leading to higher prices for a range of products.
— CBS News (@CBSNews)
8:31 PM • Nov 6, 2024
iShares Bitcoin ETF (IBIT) has now surpassed iShares Gold ETF (IAU) in assets…
Did this in 10mos.
IAU launched in January 2005.
Absolutely wild.
— Nate Geraci (@NateGeraci)
1:42 PM • Nov 8, 2024
This is a top selling Lennar home community north of Houston. The house is currently listed for sale at $163k
2 bedroom, 2.5 bath, 1013 ESF
Despite people hating on these smaller homes, they are selling
Not everyone wants a huge house
Some people want affordability
This is… x.com/i/web/status/1…
— Julie Chang (@JulieChangRE)
10:12 PM • Nov 8, 2024
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