The Richest Country in the World (EP.351)

Animal Spirits Podcast

The Compound

News, Business News, Business, Investing

4.8 • 2K Ratings

🗓️ 13 March 2024

⏱️ 69 minutes

🔗️ Recording | iTunes | RSS

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Summary

On episode 351 of Animal Spirits, Michael Batnick and Ben Carlson discuss: one of the most resilient stock rallies ever, money market funds vs. crypto, Americans are rich, the stock market has always been concentrated, inflation at the grocery store, the biggest reason the Fed needs to cut rates, some good news for first-time homebuyers, and much more! Thanks to the Texas Small Cap Equity Index ETF ($TXSS) for sponsoring this episode. Learn more at: https://www.texascapitalbank.com/etf-funds-management/txss Find complete show notes on our blogs... Ben Carlson’s A Wealth of Common Sense Michael Batnick’s The Irrelevant Investor Feel free to shoot us an email at [email protected] with any feedback, questions, recommendations, or ideas for future topics of conversation. Check out the latest in financial blogger fashion at The Compound shop: https://www.idontshop.com Investing involves the risk of loss. This podcast is for informational purposes only and should not be or regarded as personalized investment advice or relied upon for investment decisions. Michael Batnick and Ben Carlson are employees of Ritholtz Wealth Management and may maintain positions in the securities discussed in this video. All opinions expressed by them are solely their own opinion and do not reflect the opinion of Ritholtz Wealth Management. The Compound Media, Incorporated, an affiliate of Ritholtz Wealth Management, receives payment from various entities for advertisements in affiliated podcasts, blogs and emails. Inclusion of such advertisements does not constitute or imply endorsement, sponsorship or recommendation thereof, or any affiliation therewith, by the Content Creator or by Ritholtz Wealth Management or any of its employees. For additional advertisement disclaimers see here https://ritholtzwealth.com/advertising-disclaimers. Investments in securities involve the risk of loss. Any mention of a particular security and related performance data is not a recommendation to buy or sell that security. The information provided on this website (including any information that may be accessed through this website) is not directed at any investor or category of investors and is provided solely as general information. Obviously nothing on this channel should be considered as personalized financial advice or a solicitation to buy or sell any securities. See our disclosures here: https://ritholtzwealth.com/podcast-youtube-disclosures/ 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 the Texas Small Cap Equity Index EDF, ticker TXSS.
0:05.2	Look, I was looking at this the other day, the biggest economies in the world, and they had them all listed by GDP,
0:10.4	and you could put two states in there if you want to from the United States.
0:13.6	California is the biggest.
0:15.0	So I think California is like the sixth biggest GDP in the world.
0:19.2	It was his own country.
0:21.0	Texas is in the top 10 of economies worldwide.
0:25.0	Everything is bigger in Texas.
0:27.0	Yes.
0:28.0	Although, they've got a hole in Dallas in their running back position.
0:32.0	Do they sign anybody yet?
0:34.0	Maybe Dark Henry, everything bigger?
0:37.0	That's true.
0:39.0	So more public companies are based in Texas than any other state.
0:42.0	I didn't know that.
0:43.0	So Texas Small Cap Equity Index EDF,
0:47.0	trades on the NASDAQ, gives you access to small cap companies headquartered in Texas.
0:52.0	I would invest in Riggins Riggs if I could.
0:54.0	You're not a Friday Night Lights fan?
0:56.0	Riggins Riggs from Friday Night Lights.
0:59.0	What type of company is that?
1:01.0	Tim Riggins was the running back in the show and him and his brother started a company called
	...

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