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
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