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

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We discuss:

  • The debt ceiling
  • Is the supply chain crisis finally peaking?
  • Why giant SUVs are taking over the roads
  • How much do other countries spend on daycare?
  • How much money does it take to be considered rich?
  • How wealthy is Gen X?
  • Why is it so hard for pensions to dump hedge funds?
  • Do we really need stock markets open 24/7?
  • The worst job I ever had
  • My favorite Tom Hanks movie
  • The difference between “affordable” and “a good time to buy” for housing
  • Anecdotes vs. data in the housing market
  • Should people leave room in their financial plan for speculation?
  • Is premium gas a scam?

Listen here:

Transcript here:

  • Audiograph

Stories mentioned:

  • American is running out of everything
  • Builders hunt for materials
  • Why millennial parents won’t drive a minivan
  • Shipping costs have finally slumped
  • Gen X sees 50% jump in net worth during pandemic
  • Why market forecasts matter to long-term investors
  • Is the stock market open at 3 am?
  • BofA bumps its minimum wage again
  • Owning a home is not for everyone
  • How other nations pay for childcare
  • Is this the way?

Books mentioned:

  • Wiseguy by Nicolas Pileggi
  • How to Get Rich by Felix Dennis

Charts mentioned:

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Original Article