The Dumbest Trade War (EP.398)

110 snips

Feb 5, 2025

The financial impact of tariffs sparks a lively debate, shedding light on their effect on consumers and trade relations. The duo explores bold market return assumptions for the next decade and how AI might just save the stock market. A surprising trend emerges—parents are now considering Bitcoin over traditional college savings plans. Plus, there's a humorous touch as they ponder aging and personal quirks like hiccups versus sneezing. All this while keeping an eye on shifting economic landscapes and the remodeling boom!

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INSIGHT

Tariffs as Taxes

Tariffs are essentially taxes paid by importers, ultimately passed on to consumers.
They disrupt free market capitalism and have a negative economic impact.

ANECDOTE

Tariffs and Ego

Michael Batnick watched "Saturday Night at Netflix", a movie about the first night of Saturday Night Live.
He compares tariffs to a character's arrogant gag, suggesting they are ego-driven and ill-conceived.

INSIGHT

Impact of Tariffs

Goods imported from Canada, Mexico, and China constitute a substantial portion of the US GDP.
High tariffs on these imports would significantly impact the US economy.

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On episode 398 of Animal Spirits, Michael Batnick and Ben Carlson discuss: the financial impact of tariffs, why AI could save the stock market, market return assumptions for the next decade, the Vanguard Effect, levered ETFs, AI Ben, crypto is not a tariff hedge, using Bitcoin instead of a 529 plan, the remodeling boom, peer pressure from friends to go skiing, and much more!

This episode is sponsored by YCharts. Check out the Debunking Investing Myths Deck at: https://go.ycharts.com/debunking-investing-myths

Find complete show notes on our blogs:

Ben Carlson’s A Wealth of Common Sense

Michael Batnick’s The Irrelevant Investor

Feel free to shoot us an email at animalspirits@thecompoundnews.com with any feedback, questions, recommendations, or ideas for future topics of conversation.

Investing involves the risk of loss. This podcast is for informational purposes only and should not be or regarded as personalized investment advice or relied upon for investment decisions. Michael Batnick and Ben Carlson are employees of Ritholtz Wealth Management and may maintain positions in the securities discussed in this video. All opinions expressed by them are solely their own opinion and do not reflect the opinion of Ritholtz Wealth Management.

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