Invest in What You Know (EP.268)

Animal Spirits Podcast

The Compound

News, Business News, Business, Investing

4.7 • 2.1K Ratings

🗓️ 3 August 2022

⏱️ 52 minutes

🔗️ Recording | iTunes | RSS

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Summary

On today's show we discuss the recession debate, why the economy is so confusing right now, calling a stock market bottom (or not), the tech stock comeback, earnings season and much 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

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0:00.0	Today's animal spirits is brought to you by our friends at Wycharts.
0:02.9	Michael, I've mentioned this before, but one of the features I've been using a lot on
0:06.6	Wycharts lately is the gray bars to signify a recession.
0:10.3	That's not a feature.
0:11.6	That's a bug.
0:12.6	Wow.
0:13.6	Yeah.
0:14.6	People say that all the time.
0:15.6	Yeah.
0:16.6	It's also a feature on Wycharts though.
0:17.8	But so I pulled this up.
0:18.8	We're going to talk about this a little bit today.
0:20.7	This US real GDP quarter or quarter goes back to the late 1940s on Wycharts and you
0:26.8	can see it go all over the place and you overlay the recessions there.
0:29.8	You see the latest one came down a bit.
0:31.5	It was down 90 basis points with a quarter of a two quarterly GDP prints that were negative.
0:36.1	There actually was a time where this happened before and it's on this Wycharts chart at
0:40.4	the very beginning in 1947, GDP contracted two quarters in a row and there wasn't a recession.
0:45.6	I didn't realize this.
0:46.6	I had no idea.
0:48.1	Second and third quarters of 1947.
0:50.4	The interesting corollary here is that happened after World War II when there was a ton
	...

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