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Animal Spirits: Ben Turns 40

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

Mention Animal Spirits and receive 20% off your subscription price when you initially sign up for the service.

We discuss:

  • How do direct listings perform when they IPO?
  • Is the Fed really forcing everyone out on the risk curve?
  • Why permabears are pivoting to crypto
  • The scorching hot NFT market
  • How many people have actually purchased an NFT?
  • How FTX became one of the most important crypto companies in a hurry
  • Is inflation already slowing?
  • What needs to happen for higher inflation to stick around?
  • Some thoughts on my 40th birthday
  • The lumber round-trip
  • There is always someone richer than you
  • Do rich parents improve your career prospects?
  • Why are people moving out of big cities?
  • How labor and supply shortages made it harder for me to buy a dryer
  • The White Lotus finale and more

Listen here:

Stories mentioned:

  • How to discuss new IPOs with clients
  • Inside the Coronavirus haul of a Wall Street whiz
  • July flash flows
  • Everyone is having fun and you’re not
  • FTX trilogy
  • Inflation: tall tales and true causes
  • Lumber drops to 9 month low
  • Half of lumber dealers now sit on excess inventory
  • Even richer people
  • Home and rent prices rise in cities
  • New child tax credit brings a drop in hunger
  • Disney’s Star Wars experience

Books mentioned:

  • Recursion by Blake Crouch

Podcast mentioned:

  • I Will Teach You to Be Rich

Charts mentioned:

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