Animal Spirits Podcast Good News is Bad News (EP.260)
Jun 8, 2022
In this discussion, the hosts tackle the idea that a recession might already be upon us while unpacking the absurdity of living paycheck to paycheck on a $250k salary. They delve into why the stock market feels oddly stable despite grim expectations and share insights on the crypto market's tendencies to thrive in bullish conditions. The cultural impact of blockbusters like "Top Gun: Maverick" is compared against the decline in living standards, leading to reflections on entertainment and economic realities.
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Episode notes
Market Resilience vs. Sentiment
- The stock market’s resilience is noteworthy, considering the widespread recessionary sentiment.
- Sentiment seems worse than market performance, indicating a potential disconnect.
Wage Growth and Inflation
- Wage growth, while positive, contributes to inflation, creating a challenging economic situation.
- Higher wages can incentivize foregoing college, potentially easing student loan burdens.
College vs. High-Paying Jobs
- Gabby Calvo left college due to a well-paying grocery job, highlighting the current labor market.
- This challenges the notion that a college degree is always necessary for a good living.