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Things Are Getting Stupid Again (EP.350)

Animal Spirits Podcast

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Insights on Consumer Spending and Investment Trends

Exploring the resilience of consumer spending and the impact of top income earners on the stock market, this chapter examines recent earnings calls from companies like MasterCard and American Express. It discusses the consistency in stock market trends, changes in consumption habits post-pandemic, and the shift towards digital assets among different age groups. Additionally, it touches on the potential wealth transfer between generations, the rise of Buy Now Pay Later companies like Klarna, and the use of AI in customer service improvements.

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