2min chapter

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The End of V-Shaped Recoveries (EP.256)

Animal Spirits Podcast

CHAPTER

Is the Fed Pud Dead?

The average account balance at robinhood was two thousand dollars. I think it's ballooned to four thousand on the peak. It's not as if the only people trading growth stocks were genzi people. There were a lot of 50 and six year olds that were doing this too. So g break hedge fund manager isn't, by the way. The fed pud is going to come back eventually. But what i think is really dead for a while is fiscal policy during recession inflation has killed that dream.

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