3min chapter

Animal Spirits Podcast cover image

Bear Market Math (EP.280)

Animal Spirits Podcast

CHAPTER

The Street Fairs Are a Scam

American Express reported earnings last week and the CEO said card member spending remained at near record levels. In Q3 2019, right before the pandemic started, they spent $31 billion on travel and entertainment. September was the strongest month in our history. I think there is something to that where this travel thing could have legs.

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