Making Money cover image

S1E6: How economics really affects you

Making Money

00:00

The Importance of Confidence in the Economy

If you're confident in the economy and you think it's going to grow, you'll switch into newer cars. Sales of second hand cars might go up while kind of new cars remain flax will go down. One that we talked about in the book is a favorite of Alan Greenspan, who used to be the head of the US Central Bank, the Fed,. He found that during kind of recessions, men would stop buying new underwear because people cut back on essentials. And so you'd actually see sales fall and during kind of good times, they'd kind of kind of recover again. Tied him without a punch. Somebody let us have a punch. See, I'll be

Transcript
Play full episode

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!
App store bannerPlay store banner
Get the app