Animal Spirits Podcast Extreme Cost Cutting (EP.266)
Jul 20, 2022
Inflation is on everyone's minds, with an exploration of how it impacts consumer behavior and stocks as a hedge. The hosts discuss the surprising downturn in travel and entertainment stocks, questioning their market influence. The competitive streaming landscape sees Netflix shining amidst rivals' struggles. They also dissect home appraisals and the evolving real estate market. Finally, the conversation touches on the challenges faced by buy now, pay later companies and rising consumer goods costs, suggesting a tumultuous economic future ahead.
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Yield Curve Volatility
- The 3-month, 10-year yield curve flattened rapidly, similar to the 2008 financial crisis.
- This volatility in interest rates disrupts the economy as companies struggle to plan.
Overpriced House
- Michael's neighbor listed a small, 1,400-square-foot knockdown house for $725,000.
- Michael estimates the house's actual value to be around $515,000.
Transparent House Offers
- Make offers on houses more transparent to buyers so there's a level playing field for bidding.
- This would help prevent buyers from overpaying due to the lack of information about other offers.