Animal Spirits: The Most Obvious Recession Ever

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On today’s show we discuss:

  • Strong household finances mean the Fed might have to do more
  • $8 trillion in household wealth lost compared to the end of 2021
  • Softbank cutting startup investments 50-75%
  • The average age of US vehicles hit a record 12.2 years
  • New car prices continue to rise
  • UK inflation hits 40-year high
  • Fed will keep pushing until inflation comes down
  • The Feds plan from March 2021
  • Jay Powell’s interview with Marketplace
  • A recession isn’t in the cards according to Neil Dutta
  • Mike Simonsen’s podcast on today’s housing market
  • ABNB via The Science of Hitting
  • Target earnings
  • Walmart earnings
  • Snapchat earnings
  • 88% of startups are worried about fundraising

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Recommendations:

  • Tokyo Vice
  • Fly On the Wall Pod with Dennis Miller
  • Kindle Paperwhite
  • ET
  • Jurrasic Park (Laura Dern)

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Original Article