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Animal Spirits: You Can’t Quantify Happiness

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On today’s show, we discuss:

  • Power laws in the stock market
  • Some of the trillions parked in cash may trickle back into stocks now that the market is rallying
  • How the young should invest
  • The Fed is charting a course to stagflation and recession
  • Summers says ‘transitory factors’ behind inflation are now easing
  • Is inflation dead?
  • The share of Americans who are mortgage-free is at an all-time high
  • No, paychecks are not falling even shorter these days
  • The pay raise people say they need to be happy

Listen here:

Recommendations:

  • Deep Impact
  • Downsizing
  • The Lost World: Jurassic Park
  • Dream Scenario
  • Kidnapped
  • Monarch: Legacy of Monsters
  • Ridley Scott

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Original Article

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