Understanding Economic Cycles and Risky Lending Practices | 7min snip from Two Quants and a Financial Planner

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Our Biggest Takeaways from the First Half of 2024 | Inflation, Growth, Market Concentration

Two Quants and a Financial Planner

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CHAPTER

Understanding Economic Cycles and Risky Lending Practices

Exploring the distinction between income-driven and debt-driven cycles, the chapter discusses the impact of past risky lending practices and reflects on the current economic landscape post-COVID, emphasizing the importance of proper income and collateral when borrowing.

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In this episode, we take a look back at the first half of 2024 and examine some surprising trends in the economy and markets. We discuss how inflation has remained stickier than many expected, but wage growth has actually outpaced inflation for many workers. We analyze the extreme concentration of returns in the stock market, with a small number of large tech companies driving most of the gains while many stocks have declined. We also explore some unexpected developments in housing, bonds, and factor investing performance. Overall, we aim to provide context on what's really happening beneath the surface of headline numbers, challenge some common narratives, and remind listeners of the importance of long-term thinking when it comes to investing and financial planning.

We hope you enjoy the discussion.

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