18min chapter

Animal Spirits Podcast cover image

The 1990s Really Were Better (EP.382)

Animal Spirits Podcast

CHAPTER

Market Performance and Economic Reflections

This chapter analyzes the recent performance of the stock market, particularly the S&P 500, while comparing historical returns and discussing the implications of household net worth changes since the 2007 financial crisis. The conversation explores the impact of the shift from a manufacturing-based economy to a services-based one, highlighting disparities in wealth and consumer behavior. Additionally, the speakers reflect on societal perceptions of well-being across generations, contrasting childhood experiences from the 1990s with today's financial pressures faced by families.

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