Is $1 Million a Lot of Money? (EP.399)

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Feb 12, 2025

The discussion kicks off with the shrinking presence of small businesses versus large corporations. A stock market chart of the decade sparks thoughts on tech-driven booms and impending crises. They dive into why excess investment in technology might lead to economic turmoil. Insights into European stocks reveal potential overlooked opportunities. A shocking tale of $1.2 million in credit card debt challenges perceptions of wealth today. Finally, they ponder the evolving significance of $1 million and its impact amidst rising inflation.

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INSIGHT

Politicized Inflation Expectations

Inflation expectations have diverged sharply between Republicans and Democrats.
This divergence highlights the increasing politicization of economic sentiment.

INSIGHT

Shifting Workforce Dynamics

The US workforce is shifting from small to large businesses.
This may be positive as large firms offer better benefits and stability.

INSIGHT

Tech Spending Surge

Tech giants' capital spending is exceeding US government R&D spending.
This historically unprecedented level may lead to market disruption.

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On episode 399 of Animal Spirits, Michael Batnick and Ben Carlson discuss: the shrinking number of small businesses, the stock market chart of the decade, why excess capital investment in technology leads to booms/busts, the tech sector will lead to the next financial crisis, making the case for European stocks, baby boomers still rule the day, the relentless bid from 401k investors, timing the housing market, $1.2 million in credit card debt and much more.

This episode is sponsored by ProShares and Fabric by Gerber Life.

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Find complete show notes on our blogs:

Ben Carlson’s A Wealth of Common Sense

Michael Batnick’s The Irrelevant Investor

Feel free to shoot us an email at animalspirits@thecompoundnews.com with any feedback, questions, recommendations, or ideas for future topics of conversation.

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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