Animal Spirits: Redefining a Recession

On today’s show, we discuss why the middle class is getting squeezed, why it’s so hard to define what a recession is, boring stocks are outperforming, the size of the housing market, why negotiating will be making a comeback, spending time alone and much more.

These Are the Goods

Articles Every business and every industry has a natural growth rate – push beyond it and short-term growth comes at the cost of long-term quality, and eventually survival. (By Morgan Housel) The savagely unhealthy housing market is continuing (By Logan Mohtashami) The last time we had a quarter this bad, bitcoin was trading for less than…