Animal Spirits Podcast Housing Prices Are Still Too Low (EP.233)
Dec 1, 2021
The discussion kicks off with the potential impacts of the new virus variant on markets. Twitter's lackluster stock performance is scrutinized, and inflation is humorously illustrated through price hikes at the Dollar Store. The hosts speculate on why profit margins are still high despite economic uncertainty. They venture into the quirky world of virtual real estate in the metaverse, pondering its future prospects. Lastly, they illuminate the oddities of holiday shopping amid economic challenges, blending humor with astute market insights.
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Episode notes
Finance Brain and Omicron
- Ben Carlson's finance brain connects market reactions to real-world significance.
- The market's drop on Black Friday due to the Omicron variant made him realize its potential impact.
COVID-19: Acceptance and Relief
- Prepare for the possibility of eventually contracting COVID-19.
- Getting COVID-19, while unpleasant, can provide relief from uncertainty.
Resistance to Mandates
- People are resistant to further government mandates related to COVID-19.
- New mandates could be detrimental to both public health and societal harmony.
