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2min chapter
Millennials Will Buy All the Stocks (EP.305)
Animal Spirits Podcast
First Republic's Earnings
First Republic reported last night. The stock is down another 27% this morning. So if you look at their expenses, the card member rewards 3.8 billion dollars expense for the first quarter. They also have another charge showing travel entertainment, build businesses year over year restaurants of 28% lodging, 31% airline, 60%. People are still doing the damn thing. Still doing it. Have you seen airline tickets come down? I've at least seen your like tickets level out a little bit. They're not going anymore.
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