Probably Not The Next Lehman (EP.223)

Animal Spirits Podcast

The Compound

Business News, News, Investing, Business

4.7 • 2.1K Ratings

🗓️ 22 September 2021

⏱️ 48 minutes

🔗️ Recording | iTunes | RSS

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Summary

On this week's show we discuss the newest market crisis du jour, what's holding down bond yields, the crypto narrative that doesn't hold water, America's day care system is broken 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 BlockFi. Ben, have you been using your BlockFi credit card?
0:06.9	I have. I have already gotten over $250 in Bitcoin paid to my name. Really? Yes, from the first three
0:14.6	months of using my BlockFi card. Pretty good, huh? How? It's a lot of Bitcoin. I'm earning three and a
0:20.7	half percent on my credit card charges and I use my credit card for everything. You switched all your
0:24.8	regular purchases to BlockFi? Yes, especially for the first three months when I'm getting the three and
0:28.6	half percent back. I'm earning Bitcoin and now I'm buying it. Are you then taking your Bitcoin
0:33.9	and then moving it to earn? Yes, so every time I buy something, I'm buying the dip in Bitcoin
0:40.6	with my credit card. Are you buying now and paying later? Do you have to pay it in 30 days?
0:44.4	It's just like a regular credit card. It's a Bitcoin credit card, but you pay it off, yes, every
0:48.5	30 days. No, let me say this. Is your Bitcoin credit card linked to your bank account? Or can you
0:53.3	stay up with coins to pay it off? I'm paying it off with a bank account. There is some traditional
0:56.9	finance involved here. But yes, if you sign up for the Bitcoin card, X New York, from BlockFi,
1:04.1	you get to earn for the first three months, three and a half percent back, paid in Bitcoin that
1:08.2	goes into your account. I have a trad-fi story, but let's save it for the show. Okay, if you want to
1:12.8	check out more about the BlockFi credit card, go to blockfi.com, backslash, animal spirits, CC for more.
1:20.2	Welcome to Animal Spirits, a show about markets, life, and investing. Join Michael Batnik and Ben
1:26.5	Carlson as they talk about what they're reading, writing, and watching. Michael Batnik and Ben
1:32.3	Carlson work for RIT Holt's wealth management. All opinions expressed by Michael and Ben or any
1:36.9	podcast guests are solely their own opinions and do not reflect the opinion of RIT Holt's wealth
1:41.4	management. This podcast is for informational purposes only and should not be relied upon for
1:45.8	investment decisions. Clients of RIT Holt's wealth management may maintain positions in the
1:49.8	securities discussed in this podcast. Welcome to Animal Spirits with Michael and Ben. Do I really
	...

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