Welcome back to the Homefront.

I'm your host, Reid Galen.

Today, I am joined by Madison Mills.

She is a senior markets reporter for Axios.

Before that, she was an anchor at Yahoo Finance, covered finance for Bloomberg, and originally hails from the great city of West Palm Beach, Florida, where I spent five weeks during the Florida

recount in 2000, Madison. You're probably too young to remember that. Welcome.

Thank you so much for having me. I really appreciate it. So I want to get to how I found you

first, and I want to come back to it, which is I saw a video of you describing some changes

that the government is making to how 401K

Ks are potentially going to operate.

And so then that sort of led me down the rabbit hole.

So I want to talk about the delivery of financial news.

But before we get to the logistics of it, I want to talk about just what the heck is going on.

So I saw a story that you posted this morning that is like, inflation's hot, but don't worry,

investors are like, it's okay, we'll be fine.

So are we in a space now that Alan Greenspan would have called irrational exuberance?

It depends on who you talk to, right?

There are a couple of my sources who say that this is giving 1999 bubble-like energy because

valuations are pretty stretched.

If you look at a company like Palantir, you know, its P.E.

ratio is putting Cisco's P.E. ratio in the nice shame.

But more broadly, I think there's consensus that some of these

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