The Undies Indicator (EP.108)

Animal Spirits Podcast

The Compound

Investing, Business, News, Business News

4.7 • 2.1K Ratings

🗓️ 16 October 2019

⏱️ 45 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

On this week's episode we discuss the streaming wars, recession-proof businesses, the China-NBA clash, the power of Twitter, underwear economic indicators, credit vs. interest rates, the winner of the no-fee ETF war, Robinhood's foray into banking, finding a new role as a CFA, the greatest TV characters of all-time 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 YCharts.
0:03.1	Go to YCharts.com, tell them Animal Spirits Sent you,
0:06.0	and you got 20% off a new subscription.
0:09.2	Welcome to Animal Spirits, a show about markets, life, and investing.
0:14.0	Join Michael Batnik and Ben Carlson
0:16.3	as they talk about what they're reading, writing, and watching.
0:20.2	Michael Batnik and Ben Carlson work for Ritholz Wealth Management.
0:23.7	All opinions expressed by Michael and Ben or any podcast guests are solely their own opinions and do not reflect the opinion of
0:29.7	Ritholz Wealth Management.
0:31.0	This podcast is for informational purposes only and should not be
0:34.1	relied upon for investment decisions. Clients of RIT Holt's wealth management may maintain
0:38.1	positions in the securities discussed in this podcast.
0:41.4	I tweeted a chart of AT&T's long-term debt, which is pretty astounding. Now, granted, this is an
0:50.5	arithmetic scale. However, it looks like it goes from, I don't know, 10 billion maybe in
0:56.8	1999 to 170 billion dollars today. And of course, I didn't tweet out the other side of the ledger but what do we make of this?
1:04.3	So you're trying to avoid denominator blindness which we've talked about in the past.
1:08.4	It's pretty pretty hefty growth and so the other side of this is free cash flow so we we created a few charts
1:14.2	on why charts so what is it a hundred and seventy one billion in long-term debt and they have
1:19.3	about thirty billion in free cash flow and so you sent me this story from the Hollywood
1:24.0	reporter that talks about how much debt they carry. Netflix has like 13
1:28.7	billion Comcast has 108 billion, AT&T has 170 billion call it.
1:34.0	Disney.
	...

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