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The 1990s Really Were Better (EP.382)

Animal Spirits Podcast

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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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