The Re-Readables (EP.78)

Animal Spirits Podcast

The Compound

Business News, Business, Investing, News

4.7 • 2.1K Ratings

🗓️ 24 April 2019

⏱️ 34 minutes

🔗️ Recording | iTunes | RSS

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Summary

On this week's show we discuss is inflation dead, what should we call our new podcast where we discuss classic finance books. what if the government eliminated all student loan debt, why eliminating student loans won't fix the high cost of education, the out of body, experience in private equity fundraising, the cult status of Dave Ramsey, the $400 emergency savings stat everyone uses is wrong, do rich people really watch less TV, are reverse mortgages the retirement crisis solution for those who haven't saved 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 Why Charts.
0:02.4	Welcome to Animal Spirits, the podcast that takes a completely different look at markets and investing.
0:08.8	Hosted by Michael Bannick and Ben Carlson, two guys who study the markets as a passion and invest for all the right reasons.
0:16.0	Michael Batnik and Ben Carlson work for Ritholz's wealth management.
0:20.0	All opinions expressed by Michael and Ben or any podcast guests are solely their own opinions and do not reflect the opinion
0:26.2	of Ritt Holt's wealth management.
0:27.8	This podcast is for informational purposes only and should not be relied upon for investment decisions.
0:32.5	Clients of RIT holds wealth management may maintain positions in the securities discussed
0:36.3	in this podcast.
0:37.3	Welcome to Animal Spirits with Michael and Ben.
0:40.4	Is inflation dead?
0:41.9	Is it Ben? Is it, Ben?
0:43.0	So that was the cover on the Bloomberg Business Week magazine this week.
0:49.0	And for some reason they showed a dead dinosaur on there.
0:52.0	I guess I don't really get that. But they want to say that
0:56.8	potentially capitalism has killed inflation. And so they did a piece and they said, research are finding that low inflation is in large part a consequence of globalization or automation or
1:08.1	or deunionization or combination of all three which undermine workers power to bargain for higher wages. What say you?
1:15.2	Are we measuring inflation wrong? Is that the problem? You know every time people try to say that
1:20.8	inflation is dead, someone on Twitter will comment, have you been to the grocery
1:24.1	store lately? But so I looked at the data, why charts has the U.S. inflation rate going
1:30.4	back to 1914?
1:31.6	Forget about your data.
	...

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