Does Government Debt Matter? (EP.330)

Animal Spirits Podcast

The Compound

Business News, News, Investing, Business

4.7 • 2.1K Ratings

🗓️ 18 October 2023

⏱️ 65 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

On episode 330 of Animal Spirits, Michael Batnick and Ben Carlson discuss: inflation coming down, the continued strength of the US consumer, Howard Marks on investing for a sea change, the risk-reward in bonds, what would happen if the US government paid off its debts, EMH in crypto, the worst case scenario for the housing market, and much more! Thanks to iShares for sponsoring this episode. To learn more about the iShares Semiconductor ETF (SOXX), visit: https://www.ishares.com/us/products/239705/ishares-semiconductor-etf Thanks to Kaplan for sponsoring this episode. Learn more about the Chartered Retirement Plans Specialist designation at: https://www.kaplanfinancial.com/wealth-management/crps?utm_source=animal_spirits_podcast&utm_medium=podcast&utm_campaign=animal_spirits_partnership&utm_content=crps Find complete show notes on our blogs... Ben Carlson’s A Wealth of Common Sense Michael Batnick’s The Irrelevant Investor Feel free to shoot us an email at animalspiritspod@gmail.com with any feedback, questions, recommendations, or ideas for future topics of conversation. Check out the latest in financial blogger fashion at The Compound shop: https://www.idontshop.com Investing involves the risk of loss. This podcast is for informational purposes only and should not be or regarded as personalized investment advice or relied upon for investment decisions. Michael Batnick and Ben Carlson are employees of Ritholtz Wealth Management and may maintain positions in the securities discussed in this video. All opinions expressed by them are solely their own opinion and do not reflect the opinion of Ritholtz Wealth Management. Wealthcast Media, an affiliate of Ritholtz Wealth Management, receives payment from various entities for advertisements in affiliated podcasts, blogs and emails. Inclusion of such advertisements does not constitute or imply endorsement, sponsorship or recommendation thereof, or any affiliation therewith, by the Content Creator or by Ritholtz Wealth Management or any of its employees. For additional advertisement disclaimers see here https://ritholtzwealth.com/advertising-disclaimers. Investments in securities involve the risk of loss. Any mention of a particular security and related performance data is not a recommendation to buy or sell that security. The information provided on this website (including any information that may be accessed through this website) is not directed at any investor or category of investors and is provided solely as general information. Obviously nothing on this channel should be considered as personalized financial advice or a solicitation to buy or sell any securities. See our disclosures here: https://ritholtzwealth.com/podcast-youtube-disclosures/ Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0	today's animal spirits is brought to you by iShares by black rock then what's the investing theme
0:05.2	i'd say investing because otherwise
0:07.4	theme of 23 might be Taylor Swift but what's the investing theme of 2023?
0:12.0	well i've heard you and josh say that this is too i said i've heard you and josh say that
0:15.7	ai basically saved the market this year so when josh said that early in the year i
0:20.1	i'm pretty sure i scoffed because out he was early that was like a cute one statement but if he's
0:23.5	right it's possible the funny thing is is that like if this trend is what everyone thinks it's
0:28.0	going to be it's probably still early innings which is hard to believe is that fair early innings
0:34.3	and i mean well yeah we just got this damn thing we just got this thing in november in november
0:39.5	2020 that's when chat should be to hit the scene of course all of this stuff is powered by
0:45.0	semiconductors what you're getting credit to josh called them i remember like 2013 it's like
0:50.3	stop looking at the transports look at the semiconductors those are the new transports
0:54.5	semiconductors of the new transport that makes sense we obviously learned how important they are
0:58.0	during the pandemic when we had a shortage of them right no one could get a car because semiconductors
1:02.3	are so important so year-to-day net inflows into the semiconductor sub-sector ETF one point of
1:09.1	billion dollars that doesn't sound like that much actually just kind of light anyway if you're
1:15.2	looking at exposure to the burgeoning the booming semiconductor space but you're not into just
1:20.5	picking individual winners i don't know in video md who's to say uh which one is going to emerge
1:26.6	and take the reins so the taker for that is s-o-x-x to learn more about the i share of semiconductor ETF
1:32.6	hit the link in the show notes today's podcast is also sponsored by capelin schweiser who helped me
1:38.9	get through the cfa exams one two and three all of them no big deal and they also have other
1:46.2	designations right charter retirement plan specialist designation so this is interesting because
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from The Compound, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of The Compound and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.