today's animal spirits is brought to you by our friends at Y charts. One of the best parts about

Y charts is the fact that they're constantly updating their data sources. So Michael and I have

actually gone to the team at Y charts occasionally and said, Hey, do you have this series we can't

find it and they will figure out a way to add it or give us a tool that allows to add it ourselves

if we have it. Still waiting on the game coin. Yeah, one of the pieces that they apparently just

added, which is interesting because we're talking about it last week is they added the masterworks

post war and contemporary art index. And this goes back to the late 80s and Michael you brought

up a point last week on one of our podcasts saying that the art world had a huge crash following

the Japan bubble, right? So I found the numbers and they have the year over your changes for this

masterworks art index in 1990, which is basically when Japan topped. Art was up 155% that year.

The very next year after Japan topped, the art index was down 57%. That bubble then in Japan

just wrecks so many different things and also lifted them up obviously. So that's a new one you can

view on Y charts. Again, as always, go to Y charts. If you don't have a subscription yet,

tell them animal spirits and you can get 20% off your initial subscription.

Welcome to Animal Spirits, a show about markets, life and investing. Join Michael,

Batnik and Ben Carlson as they talk about what they're reading, writing and watching.

Michael Batnik and Ben Carlson work for Rithold 12 Management. All opinions expressed by

Michael and Ben or any podcast guests are solely their own opinions and do not reflect the

opinion of Rithold 12 Management. This podcast is for informational purposes only and should not

be relied upon for investment decisions. Clients of Rithold 12 Management may maintain positions

in the securities discussed in this podcast. On Friday, we got the job support and it sent the

financial world spinning for a second there. It was the biggest miss relative to expectations since

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