meta_pixel
Tapesearch Logo
Log in
The Compound and Friends

The Stock Market is Heartless

The Compound and Friends

Josh Brown

Investing, Business News, News, Business

4.72.2K Ratings

🗓️ 8 January 2021

⏱️ 54 minutes

🧾️ Download transcript

Summary

Stocks soar to record highs as an armed insurrection invades Capitol Hill and millions of Americans remain susceptible to the worst pandemic in a century. How? How is this possible?Josh's guest is Allison Schrager, an economist, senior fellow at the Manhattan Institute, contributing editor at City Journal, co-founder of LifeCycle Finance Partners, LLC and the author of the book An Economist Walks Into a Brothel. Allison writes about risk, reward, retirement systems, pensions, the economy and political policies that affect all of our lives. You can subscribe to her letter, Known Unknowns, here: https://www.allisonschrager.com/ If you enjoyed the show be sure to rate and review! 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/ Hosted on Acast. See acast.com/privacy for more information. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0

Good evening. I'm Josh Brown and this is the nightly news report.

0:03.7

Today in Washington, a mob of far right-wing extremists,

0:07.4

incited by the President of the United States, broke down barriers,

0:11.6

smashed windows, and broke into the U.S. Capitol building with the express intent of violently overturning a free and fair election.

0:20.0

It's the closest we've come to an armed coup attempt in our nation's history after hundreds of years of peaceful transfers of political power every four years.

0:30.0

Meanwhile, across the country, new doses of COVID-19 vaccines sat in freezers

0:35.2

as state governments proved unable to distribute them to frontline workers

0:39.3

and at-risk elderly people at the speed necessary to offset the explosion in new

0:45.5

infections and a death toll of almost 4,000 Americans per day, every day, every

0:51.3

week since Thanksgiving.

0:53.0

Elsewhere, it's been reported that a 600 million-year-old species of dinosaur

0:58.0

has come back from extinction and is now rapidly killing and eating large segments of the population.

1:04.0

There have been reports of vampire attacks on college campuses this winter,

1:08.0

unidentified alien spacecraft massing on the edges of our solar system as though preparing for a full on

1:14.7

assault, media showers pelting the earth surface, spreading radioactive fallout,

1:20.0

and the ozone layers hole has seen its diameter increased by 200%.

1:25.0

Nuclear missiles have been accidentally launched and randomly targeted at US cities from

1:29.5

coast to coast.

1:30.5

So you're going to want to keep an eye out for that on your commute home.

1:34.0

U.S. officials say, until further notice, puppies and pizza have been prohibited in all 50 states,

1:41.0

while Netflix has decided to only show full house reruns for the remainder of

1:46.1

2021. In science news it turns out that coffee, water and wine are now all deemed unfit for human consumption according to studies.

...

Please login to see the full transcript.

Disclaimer: The podcast and artwork embedded on this page are from Josh Brown, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Josh Brown and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.

Copyright © Tapesearch 2026.