Is a 50 Year Mortgage a Good Idea? (EP. 438)

Animal Spirits Podcast

The Compound

News, Business News, Business, Investing

4.8 • 2K Ratings

🗓️ 12 November 2025

⏱️ 71 minutes

🔗️ Recording | iTunes | RSS

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Summary

On episode 438 of Animal Spirits, ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Michael Batnick⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ and ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Ben Carlson⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ discuss the problem with the K-shaped economy narrative, are young people screwed, the benefits of bubbles, the rate cutting cycle, OpenAI, Las Vegas, how to fix the housing market, restaurant stocks are getting killed, the degen economy and more. Today's show is brought to you by Xtrackers by DWS Find out more at https://xtrackers.com Animal Spirits audience survey: https://www.surveymonkey.com/r/P6T79NB 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 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	Today's show is brought to you by X-Trackers by DWS.
0:03.7	Imagine harnessing the power of global transformation investing in artificial intelligence,
0:08.0	critical technologies, semiconductors, and green energy.
0:11.4	With X-Trackers' innovative thematic lineup, you gain access to the ETS that target these
0:15.6	transformative sectors.
0:16.9	It's more than investing.
0:18.1	It's aligning with the innovations that are shaping tomorrow.
0:20.6	Whether you're a seasoned investor or just starting out, X-Trackers makes exploring opportunities seamless. It's more than investing. It's aligning with the innovations that are shaping tomorrow.
0:24.9	Whether you're a seasoned investor or just starting out, X-Trackers makes exploring new opportunities seamless.
0:28.0	Find out how at XTrackers.com, together we grow.
0:30.7	All investments involve risk, including loss of principle.
0:38.5	Information on the fund's investment objectives, risk factors, charges, and expenses can be found in the fund's prospectus at XTrackers.com. Read it carefully before investing, distributed by Alps Distributors, Inc. Welcome to Animal Spirits, a show
0:49.0	about markets, life, and investing. Join Michael Batnik and Ben Carlson as they talk about what they're reading,
0:54.9	writing, and watching. All opinions expressed by Michael and Ben are solely their own opinion
0:59.5	and do not reflect the opinion of Ridholt's wealth management. This podcast is for informational
1:04.2	purposes only and should not be relied upon for any investment decisions. Clients of
1:08.9	Ridholt's wealth management may maintain positions in the securities discussed
1:12.2	in this podcast.
1:16.7	Welcome to Animal Spirits with Michael and Ben.
1:19.2	I was thinking about this during our episode last week, how when we're talking about
1:22.9	the AI, is it a bubble, is it not a bubble, will it pop, won't a pop?
1:26.7	And we're giving, we're providing nuance because markets aren't black and white. Of course, I don't know. You don't know. Nobody can see the future. But I was thinking about it from the point of view of the audience. And I think the audience must absolutely hate it because if you're listening to somebody talk about a basketball game, a football game, and they're talking about it like beforehand.
	...

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