Animal Spirits Podcast An Extraordinary Decade (EP.236)
Dec 22, 2021
The discussion kicks off with the economic implications of the Omicron variant and rising inflation. They evaluate Cathie Wood's bold market predictions and dive into why many are lowering their return expectations. The middle class's unhappiness is explored, revealing insights into current societal trends. A deep dive into the future of movies includes the impact of decentralization on film funding and the rising preference for miniseries over blockbusters. Expect engaging insights on cryptocurrencies and shifting investment dynamics among millennials!
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Episode notes
Omicron Bet
- Michael Batnick and Ben Carlson discussed a bet they made on Omicron's prevalence.
- Three weeks prior, they'd bet on whether Omicron would exceed 1% of cases by the new year.
Market Reaction to Omicron
- The rapid spread of Omicron surprised both hosts.
- They noted that the market seemed to be digesting this information and moving past the news relatively quickly.
Household Disruption from COVID
- Prepare for household disruptions due to COVID-19, especially with unvaccinated children.
- The disruption is the worst part, as it could require up to 10-14 days of isolation.
