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Animal Spirits Podcast

Interest Rates Are Never Going Up Again (EP.221)

Animal Spirits Podcast

The Compound

Business News, News, Investing, Business

4.72.1K Ratings

🗓️ 8 September 2021

⏱️ 50 minutes

🧾️ Download transcript

Summary

On today's show we discuss the early days of this podcast, Ray Dalio's performance issues, how wealth and demographics are impacting interest rates, why bitcoin matters, Ben's week with Covid and 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

Click on a timestamp to play from that location

0:00.0

On a recent interview on Howard Linson's panic with friends, John Street Capital had this killer

0:06.3

quote. He said, quantitative easing turned your savings account into a checking account,

0:11.1

the bond market into your savings account, the equity market into the bond market, the venture

0:15.9

capital markets to equity markets, and gave rise to crypto. Basically, things are weird.

0:22.4

Portfolio construction is a totally different game today than it's ever been before,

0:27.9

which is why Ben and I have both invested into blue chip art as a way to not only fill

0:34.4

the gaps of our portfolios in this low interest rate environment, but also to hopefully generate

0:39.5

steady returns. Contemporary art prices rose 14% per year from 1995 through 2020, not so bad at all.

0:48.4

So that means you don't need to yolo into Solana or go headfirst into NFTs,

0:54.9

not that there's anything wrong with that. But if you're looking for something else,

0:58.4

head to masterworks.io-animal to invest in art like Ben and I did. Again, that's masterworks.io-animal.

1:08.7

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

1:15.0

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

1:20.8

Carlson work for RIT Holt's Wealth Management. All opinions expressed by Michael and Ben

1:25.1

or any podcast guests are solely their own opinions and do not reflect the opinion of RIT Holt's

1:29.6

Wealth Management. This podcast is for informational purposes only and should not be relied upon for

1:34.3

investment decisions. Clients of RIT Holt's Wealth Management may maintain positions in the

1:38.3

securities discussed in this podcast. Welcome to Animal Spirits with Michael and Ben. Ben update,

1:45.0

how you doing? It's about a week in and stays the first to actually feel like a normal human being.

1:51.2

I had a rough week. I first want to say thank you to everyone who reached out. I had a ton of

1:54.8

so-up and get back to email or DMs. I'm sorry. I was basically worthless human being there for a while.

1:59.1

All I could do was nap and watch movies more or less, but I'm on the road to recovery and feeling

...

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