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Animal Spirits Podcast

Inflation or Price Gouging? (EP.374)

Animal Spirits Podcast

The Compound

News, Business News, Business, Investing

4.82K Ratings

🗓️ 21 August 2024

⏱️ 74 minutes

🧾️ Download transcript

Summary

On episode 374 of Animal Spirits, Michael Batnick and Ben Carlson discuss: what an average year in the stock market looks like, Seinfeld on consumers, why inflation is such a tricky concept, millennials are richer than you think, grocery stores are not the enemy, star fund managers, how demographics will help the housing market, sending your kids away to summer camp, and much more! This episode is sponsored by Eaton Vance. To learn more about the Eaton Vance Short Duration Income ETF (EVSD), visit: https://www.eatonvance.com/etfs.php Sign up for The Compound newsletter and never miss out: thecompoundnews.com/subscribe Find complete show notes on our blogs: Ben Carlson’s A Wealth of Common Sense Michael Batnick’s The Irrelevant Investor Check out the latest in financial blogger fashion at The Compound shop: https://www.idontshop.com Feel free to shoot us an email at [email protected] with any feedback, questions, recommendations, or ideas for future topics of conversation. 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. The Compound Media, Incorporated, 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

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0:00.0

On today's animal spirits, Ben makes a reference to how consumers are like Seinfeld tipping over a coke machine.

0:06.0

Yes, you probably never seen that episode.

0:08.0

millennials are way richer than you think and even richer than baby boomers at the same age.

0:13.7

We talk about how inflation prices are fairly misunderstood.

0:19.5

Here's a stat that'll blow your face off.

0:22.3

Michael Bannick.

0:23.4

13,000 people are hitting age 35 every day for the rest of the decade.

0:27.2

And what that means?

0:28.4

Ben asked me about sending my kids away to summer camp,

0:31.4

and much more.

0:32.2

Hope you enjoy the show.

0:34.0

Today's animal spirits is brought to you by Eden Vance. Check out the

0:37.4

Eden Vance short-duration income EDF EVSD. We're talking a

0:41.7

diversified portfolio of fixed income securities, government securities,

0:45.2

corporate bonds, mortgage and asset-backed securities, average duration of three years or less,

0:50.1

still pretty good yields in that space.

0:51.6

What's the yield?

0:53.0

Yield to maturity, 6.2%.

0:56.0

Remember in 2020,

1:00.0

Microsoft?

1:01.0

One of the monsters borrowed at like 2.5% I think.

1:06.0

Pretty low.

...

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