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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Michigan's COVID-19 Surge
- Michigan is experiencing a surge in COVID-19 cases, overwhelming hospitals.
- Despite the severity, people have become somewhat desensitized to the situation.
Betting on Omicron
- Michael Batnick bet against Omicron's spread on Kalshi, a betting platform for real-world events.
- Ben Carlson bet for it.
Betting Markets Potential
- Betting markets on platforms like Kalshi could become massive by the 2024 elections.
- These platforms allow betting on specific events, offering huge potential.
