Animal Spirits Podcast How Many People Make $100,000? (EP. 430)
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Sep 17, 2025 Dive into a blend of nostalgia and modern economic insights! Discover why the stock market seems indifferent to labor trends and how the top 10% are driving the economy. Explore the intriguing contrasts between gold and AI performance, and the dynamics of IPOs versus small caps. Reflect on Gen Z's wealth inequality and the unexpected resilience of the midwest housing market. Plus, amusing anecdotes from the Future Proof event make for light-hearted listening. It's a captivating mix of culture, finance, and a bit of fun!
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Future Proof Felt Bigger Than Expected
- Michael and Ben describe Future Proof as massive and energizing, with 5,000 attendees and many first-timers.
- They recount walking down the stairs together and feeling the event's scale erased earlier doubts about its future.
90s Concerts Spark Cross-Generational Joy
- Michael and Ben attended Bush and Oasis and describe how 90s nostalgia packed shows and expensive tickets.
- They share moments of hearing younger attendees sing along and praise the concerts as among their best nights.
Single AI Contracts Can Move Giants
- Oracle's surge tied to a massive OpenAI contract shows one announcement can revalue a giant company overnight.
- The deal highlighted AI's infrastructure power needs and surprised markets with previously undisclosed contracted revenue.
