Animal Spirits: Hyperinflation, It’s Happening

This week’s Animal Spirits with Michael & Ben is supported by YCharts:

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We discuss:

  • Is Tesla the most impressive stock of this cycle?
  • Why you shouldn’t waste your time worrying about risks in the market
  • Inequality in the stock market
  • Why does Congress still get to trade individual stocks?
  • Boomers are coming for crypto with lots of money
  • Will Bitcoin’s market cap surpass gold’s?
  • Why do so many rich people predict hyperinflation?
  • What would it take for actual hyperinflation to show up?
  • How can wages rise without commensurate inflation?
  • Why are so many people quitting their jobs?
  • When are the robots coming for more jobs?
  • The used car market is insane right now
  • Is Toronto the craziest housing market on the planet?
  • How many people still watch cable TV?
  • Does it ever make sense to use leverage in a prudent manner in your portfolio?
  • Our Dune review and much more

Listen here:

Transcript here:

  • Audiograph

Stories mentioned:

  • Hertz orders 100k Teslas
  • Bill Millers Q3 Letter
  • The wealthiest 10% of Americans own 89% of all U.S. stocks
  • Fed to ban policymakers from owning individual stocks
  • Wealth management money is coming for crypto
  • Bitcoin is bigger than silver
  • Never go full Weimar
  • The Fed doesn’t have to choose
  • Help wanted
  • Millions of workers stay home to watch young children
  • Restaurants turn to robots
  • Wealth of your parents is a dealbreaker for first-time buyers
  • Netflix earnings transcript

Books mentioned:

  • Bull by Maggie Mahar

Festival mentioned:

  • Future Proof

Charts mentioned:

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Original Article