Today's animal spirits is brought to you by our friends at YCharts. I got into the office this morning and saw news that former Fed chair Paul Volker had passed away at age 92 and all the stuff coming into him was very glowing and I decided to do a little introspective

about what the markets were like before Volker came into that head post as the Fed

chair which was August 1979.

So I wanted to do a very data heavy post

since I didn't really know much about the person that he is or was,

and I immediately went to YCharts, fired it it up got all the data I needed on the

S&P 500, 10-year Treasury yield, and the inflation rate going back as far as I

needed and so we're going to get into that in the show, but that's just one of the things that

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Welcome to Animal Spirits, a show about markets, life and investing.

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

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positions in the securities discussed in this podcast. Welcome to Animal Spirits

with Michael and Ben. So as I talked about in the lead and I did a little research on what happened to Paul Volker as he was coming into the Fed chair and I looked this up.

He came in in the summer of 1979 and I'm going to make the case that he may have been in the worst position of Fed chairs I recommend to besides this guy named

Eugene Meyer who came in in 1930 during the onset of the Great Depression.

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