It Wasn't Transitory (EP.227)

Animal Spirits Podcast

The Compound

Business News, News, Investing, Business

4.7 • 2.1K Ratings

🗓️ 20 October 2021

⏱️ 49 minutes

🔗️ Recording | iTunes | RSS

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Summary

On this week's show we discuss the new bitcoin ETF, higher than expected inflation, a positive spin on the supply chain issues, a record number of people quitting their job, the boom in consumer spending 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

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0:00.0	Today's animal spirits is brought to you by VinoVest to learn more about investing in wine. Go to vinovest.co.
0:08.0	Ben on today's show, we discuss us hand up, taking an L, maybe taking an L on the uninflation.
0:15.7	Potentially.
0:16.5	Potentially.
0:17.7	There's inflation. As long as you don't buy anything.
0:19.7	Not if you don't buy anything. If you don't buy anything, there's not inflation.
0:23.1	But if you go to the grocery store, bacon, you notice price of bacon.
0:27.1	A little higher.
0:27.9	Correct.
0:28.4	A little higher.
0:29.2	Price of eggs. A little higher.
0:30.7	You know it is a very good hedge against inflation.
0:34.2	Wine.
0:35.6	There you go.
0:36.5	All right.
0:36.8	It's called the layup.
0:37.8	But this is true.
0:40.0	We've talked about investing in wine before and why it is a hedge against inflation
0:42.9	because there's a limited amount of supply, right?
0:44.8	Right. So it's literally, I guess, wait a minute, now I'm confused.
0:49.2	The supply of wine is deflationary and therefore it's a good hedge.
0:52.7	It's an inflationary hedge.
	...

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