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Planet Money
A trucker hat mystery, the curse of September and other listener questions
Sep 29, 2023
Dig into the mystery of Bass Pro Shop hats in Ecuador, the 'curse of September' in the stock market, and the new faster money transfer system by the Federal Reserve. Also, explore the intriguing question of whether casinos can be considered banks and the thriving non-gambling revenue sources for big Las Vegas casinos.
26:35
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Quick takeaways
- The popularity of Bass Pro Shop hats in Ecuador, where the brand doesn't exist, is a mystery with no clear explanation.
- September is historically the worst month for the stock market due to slower reaction to negative news and decreased attention from Wall Street investors, although its impact has diminished with increased connectivity and trading algorithms in the digital age.
Deep dives
The Mystery of the Bass Pro Shop Hat in Keto Ecuador
A Planet Money listener from Keto Ecuador noticed that many of his students were wearing Bass Pro Shop hats, even though there are no Bass Pro Shop stores in Ecuador or South America. The popularity of the hats among his students seemed random and widespread, with no particular group or trend behind it. The listener was curious about how the brand gained recognition and popularity in a place where it doesn't exist and among people who don't know what the brand is.
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Listen to the best highlights from the podcasts you love and dive into the full episode