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Animal Spirits Podcast

The Emergency Rate Cut (EP.128)

Animal Spirits Podcast

The Compound

News, Business News, Business, Investing

4.7 • 2.1K Ratings

🗓️ 4 March 2020

⏱️ 47 minutes

🧾️ Download transcript

Summary

On this week's show we discuss the wild moves in the stock market, the emergency rate cut by the Fed, the chances the coronavirus leads to a recession, the crazy move lower in interest rates, Robinhood's issues, the industries most impacted by the pandemic 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 YCharts.

0:04.0

Our friend Phil Perlman likes to say the higher the Vicks, the higher the clicks

0:08.0

and being in the content game as we are, we have to be on our game when markets are falling, right?

0:13.2

It's not that fun to write about the markets when they're rising.

0:16.3

I enjoy it more when they're falling.

0:18.2

And that's honestly when a lot of people come to read our stuff is when markets are falling.

0:21.7

So we leaned heavily on why charts

0:24.6

last week because we were shooting out that content very fast were we not?

0:28.0

Yeah, somebody was like, geez, you guys are on fire and I responded, it's been over a year since markets have given us the opportunity

0:37.5

to write about this.

0:38.5

I agree, it's, I don't want to say it's more fun, but I feel like to the extent that we can help people, we do a better job at a bare market.

0:45.8

That's when people start reading that don't usually read this stuff.

0:49.2

Right.

0:50.2

And we leaned heavily on Y-Charts last week because they have a ton of historical data that we could use present data.

0:55.2

We use a lot and we're going to be using it throughout this episode but they made our lives a lot easier because we had that data at our fingertips and much easier to use and share with each other on

1:04.2

slack for the stuff that didn't go out and client letters and all that stuff.

1:06.6

So go to YCharts tell them Animal Spirits sent you.

1:09.4

They'll give 20% off of your initial subscription.

1:12.1

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

1:18.0

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

1:24.0

Michael Batnick and Ben Carlson work for Rit Holt's wealth management.

1:27.5

All opinions expressed by Michael and Ben or any podcast guests are solely their own opinions

...

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