Animal Spirits Podcast Invest in What You Know (EP.268)
Aug 3, 2022
The hosts dive into the perplexing rebound in tech stocks and the ongoing recession debate, analyzing economic indicators and historical trends. Attention shifts to major tech players like Apple, examining their latest earnings amidst market turbulence. The discussion also touches on the complexities of real estate investing with rising interest rates, making it a challenging landscape. They lighten the mood with chat about sci-fi movies and investment strategies, blending humor with critical financial insights.
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Economy and GDP: Recent Concepts
- The concept of "the economy" and GDP are relatively new, solidifying only after World War II.
- This novelty contributes to the current confusion surrounding recession debates.
A Confusing Economic Picture
- Current economic indicators present a mixed picture, with some suggesting a recession and others pointing to growth.
- This makes it difficult to definitively label the current economic situation.
Premature Celebration
- Michael Batnick compares the Fed's actions to Deshaun Jackson prematurely celebrating a touchdown.
- He emphasizes the importance of the Fed completing its task of controlling inflation before claiming victory.