A Tough Break (EP.278)

Animal Spirits Podcast

The Compound

Business News, News, Investing, Business

4.7 • 2.1K Ratings

🗓️ 12 October 2022

⏱️ 56 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

On today's show we discuss a late-night trip to the ER for a broken leg, good news is bad news in the labor market, the last time the Fed sent us into a recession, earnings vs. stock market performance, the inflation burp, what happens to housing prices from here and much more. Find complete shownotes on our blogs... Ben Carlson’s A Wealth of Common Sense Michael Batnick’s The Irrelevant Investor Like us on Facebook And feel free to shoot us an email at animalspiritspod@gmail.com with any feedback, questions, recommendations, or ideas for future topics of conversation. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	today's animal spirits is brought to you by our friends at wide charts.
0:03.4	Luckily yesterday we actually had an update with some of the research team at wide charts.
0:07.4	Was asking us for some feedback showing us some new features.
0:10.2	My favorite part of the conversation with them was they asked us,
0:13.6	what is it that you're looking for out of wide charts?
0:15.7	And you wanted like intraday five minute candle charts or something.
0:20.0	Not exactly, not exactly true.
0:22.7	You were looking for intraday stuff.
0:24.3	And I asked for like a long term scenario analysis of like dollar cost averaging
0:29.6	and withdrawal strategies from portfolio.
0:31.8	And I thought that was just a good in and yang for us.
0:34.0	So I put a chart in here today.
0:36.3	US job openings, total non-farm.
0:38.6	We've been looking at this for a while.
0:40.1	It peaked at almost 12 million,
0:42.0	which is like double the amount of unemployed people that are in this country.
0:46.0	It's rolling over big time.
0:47.3	It's gone from almost 12 million to 10 million.
0:49.7	I think this is probably if you want to look on the bright side of things,
0:53.9	probably a decent thing, at least in terms of like the fed,
0:57.6	that job openings are coming down.
0:59.4	You hope that doesn't lead to people getting fired.
	...

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