The Roaring Twenties (EP.353)

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Mar 27, 2024

Podcast discusses similarities between current economic trends and the Roaring Twenties, AI winners in the stock market, good news for homebuyers, investing challenges, and the impact of inflation and credit card debt on households.

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INSIGHT

A Modern Roaring 20s?

Michael Batnick believes we're in a "Roaring 20s" period, citing high net worth, stock market, housing prices, and economic activity.
Despite negative sentiment, he points to booming travel, restaurant spending, and an AI boom as evidence.

INSIGHT

1920s Inequality

Despite the perceived prosperity of the 1920s, wealth inequality was extremely high.
60% of families made less than $2,000 a year, while the top 1% controlled nearly 25% of wages.

INSIGHT

Equity Allocation

Household allocation to stocks is back to dot-com bubble peak levels.
Historically, allocations were much lower, suggesting a catch-up period over recent decades.

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On episode 353 of Animal Spirits, Michael Batnick and Ben Carlson discuss: why the elements are in place for a boom-time decade, why household allocations to stocks were so low in the past, how to lie with statistics, who keeps buying Treasury bonds, picking the AI winners in the stock market, some good news for homebuyers, and much more!

This episode is brought to you by TBIL and the US Benchmark Series. To learn more, visit: https://www.ustreasuryetf.com/

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Ben Carlson’s A Wealth of Common Sense

Michael Batnick’s The Irrelevant Investor

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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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