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Today’s Animal Spirits is presented by Groundfloor:

Check out our interview with Groundfloor CEO Brian Dally from July here.

We discuss:

  • Why inflation make everyone angry
  • How the White House dropped the ball on inflation messaging
  • Now vs. the last time inflation was this high
  • Why higher inflation isn’t necessarily a bad thing for stocks
  • Michael’s story about getting scammed in crypto
  • Why crypto needs more safeguards in place
  • Inequality in crypto is going to be even worse than traditional finance
  • Are DAOs the future?
  • All the new tech companies are investing in venture
  • How many drivers work for DoorDash?
  • Disney vs. Netflix
  • Why the labor shortage won’t last
  • Why I’m not worried about household debt at all-time highs
  • Twitter profiles should be searchable

Listen here:

Transcript here:

  • Audiograph

Stories mentioned:

  • The worst-case inflation scenario
  • The case for patience on inflation
  • It’s mostly a demand shock, not a supply shock
  • Ethereum name service tokens soar
  • Let’s buy the U.S. constitution
  • I got scammed
  • Coinbase shareholder letter
  • Prime time in crypto
  • DoorDash earnings call
  • Americans have never been in so much debt

Charts mentioned:

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