Animal Spirits Podcast Volatility Hits Main Street (EP.265)
Jul 13, 2022
Explore the intriguing world of stock market performance amidst volatility, and hear tales of a financial blog turned chaos after a Tumblr hack. Discover the contrasting views on workplace culture from tech giants and the nuances of a strong labor market against inflation. Delve into shifting housing market trends, with a first decline in home prices since 2020, and share in the personal anecdotes that blend finance with a touch of humor. This conversation is a lively mix of economic insights and entertaining stories.
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Long-Term Stock Predictability
- Stock returns become more predictable over longer periods, with reduced variance.
- Cash holds greater real return downside than upside due to inflation.
Tumblr Hack
- Michael Batnick's Yahoo Finance Tumblr blog was hacked by a porn bot.
- The bot posted inappropriate content, leading to an email from Yahoo's COO.
Stock Market Influence
- Stock prices influence company decisions, as seen with Netflix and Facebook CEOs' comments.
- This impact stems from the stock market's role as a company's currency.