Animal Spirits: The Crypto Gateway Drug

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

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We discuss:

  • Why is there so much money in bank savings accounts earning nothing?
  • Which of the biggest stocks are the most vulnerable to competition?
  • The problem with historical analogs in the markets
  • Why imitation leads to financial manias
  • The SPAC crash everyone saw coming
  • Why are interest rates so much higher in the crypto space?
  • Why would someone borrow against their crypto holdings?
  • Why are more women going to college now than men?
  • Housing prices are even crazier globally than they are in the U.S.
  • Why aren’t more people flipping houses right now?
  • Rent prices are going nuts
  • No, Social Security isn’t going to run out of money

Listen here:

Stories mentioned:

  • Why financial manias persist
  • SPAC rout erases $75 billion in start-up value
  • The SEC has told us it wants to sue us over Lend
  • Why stablecoins offer such high rates of interest
  • Crypto fans borrow to buy cars, houses and more
  • Crypto firms got more funding last quarter than in all of 2020
  • A generation of American men give up on college
  • Why U.S. housing prices aren’t as crazy as you think
  • Wall Street can’t get enough fixer-upper houses
  • The rapid increase in rents
  • Social Security is projected to be insolvent a year earlier than expected
  • Can young people still expect to get Social Security?

Books mentioned:

  • The Delusion of Crowds by William Bernstein

Charts mentioned:

Video mentioned:

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Original Article