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I never order regular menu items at chipotle because the pices are ridiculous. Always order a kids meal and it ends up becoming similar portion sizes of a regular bowl and its less than half the cost. Kids menu items will be our way of fighting food inflation costs.
40:37 it isn't hard to track spending on groceries. People have been buying groceries online, as well as have digital banking apps. You all saying that 'people saying grocery inflation is ridiculous' is bogus is so out of touch oncr again
Not to burst your bubble, but the assumption that Millennials will be more wealthy because Baby Boomer money will be passed to them doesn't account for the high cost of nursing homes and health care . I know of several families who have spent down the family wealth rapidly.
And after listening to decades of whiny, self-absorbed, whoa-is-me millennials ( the selfie generation), it's more likely boomers will leave everything to their favorite land trust or charity.
@@LadyCatherine538 We have long term care insurance as well, but even the best policy only covers up to $4500 per month. Now , NH is $6,000 -$8,000 per month per person and in 10 years it will be double that. Good luck!
Welcome to Animal Spirits! A place where politics doesn’t exist, the S & P 500 *is* the economy, airplane capacity are indicators of the economy, and if I’m doing well and you aren’t, well then, pull yourself up by the bootstraps!
That is the Crux of the matter. It's not the spread inversion that causes the recession. It is the reversion that causes recession. so as long as fed governors keep rates high for longer the yield spread will not revert and we will be safe from from recession . 😊
My pet peeve is the tipping situation. Giving me a choice of 25%, 23% and 20% for doing nothing. I’ve been testing out no tip or just tipping $1 for fun in situations where they’ve just handed you food.
have a not to brag but i really gotta give you my take on the cash on the sidelines in money markets.. i NEVER had cash on the sidelines, i was always 100% invested as there was essentially no money to be had going in cash (i just turned 36)… Last year, i sold a big real estate holding of mine, an apartment building that i was lucky enough to make a $1.2M profit on in 5 years thanks to an off market buy from an old owner not really knowing what he had.. fast forward, i have over $500,000 in money markets which im 100% fine with making 5% on for the time being.. but if one of two things happen, you better believe up to 90% of that is going into the market . 1) market crash/ or nice fat pullback 2) rates hit 3%… but more likely if there’s ever a 2.9% or lower.. i’m pulling it out.. not attractive enough anymore .. i think more of the cash on sidelines will find their way to markets when ( i suppose IF) rates go down under 3% again… remember TINA?! haha . that could come back
The yield curve inverts every time BECAUSE the Fed jacks up the front end of the curve. The end result won’t be different this time. They’re staying too high for too long like they do every time. Then they’ll have to cut back to the zero bound at light speed.
Omg the grocery price ignorance is astonishing. Look im single live alone and farm so I don't buy a bunch of food but guess what Ben j Powell and bald Batman i know what those items i buy Costs and EVERY time a Price goes up i notice Im not All lost in the supermarket i can no longer shop happily i came for the special offer a Guaranteed personality.. So for example Great value Graham crackers 😋 i eat them with my ice cream banana's from my farm..2020..99 cent's. Today 2.19. down from the peak of 2.29🤪. WTF are You guys doing? Drugs 😂. I can only imagine how closely i would follow those prices if I Was having trouble affording groceries.. Im Sure Batnick has A Grocery Broker..
Some cash is never going back to equities coz its their emergency fund. Especially coz people are more worried about the economy now even though evidence suggests otherwise.
Ben and Michael claim to be data dependent, but they throw out any data they THINK isn’t right. They can’t prove that a particular data point is inaccurate, they just ignore what doesn’t fit their narrative. Every survey they look at is judged negatively on the headline, not on the methodology of the survey or the contents. It’s a very poor way to represent information.
When you ask how many people have a budget, you sound out of touch like George W. Bush visiting a supermarket 34 years ago and being amazed at how the checkout scanner worked.
Metallice utube with a lighting strike epic, same show Germany I believe. US capital markets have the usd to back it who knew. I would observe UST auctions lots of issuance needed to cover. Treasury pushing out duration can't cover short end debt. Just a thought. 4 trillion due this year.
40:44 people know bread has risen 150%, eggs are still 3x, milk is 50% from 2021. Rich people cope, don't believe people buying staples. We know you guys are really in touch when Michael guessed $35 for 10 homemade tacos lol
@@3377ftw certain items in the food store are high because they were deflationary for most of this century. Other things are back to pre pandemic prices.
1:32 I predict that in the next two weeks, monster truck owners with "My Other Ride is Your Mom" bumper stickers will be stampeding to withdraw millions from Ritholtz Wealth Management. Grab your popcorn, this financial rodeo's about to get wild! 🤠 Great episode - I listened to the podcast last night to help me fall asleep, but instead, I ended up wide awake contemplating the meaning of life, fast food, and whether I had any pet peeves.
64% of millennial borrowers* got a good rate. Doesnt mean millenials got in, they have lots of renters who were entering buying years when prices ans then rates shot up.
U guys always talk about how much more the lower-income class is making but ur out of touch. What difference does a few hundred dollars more a week make when everything is so much more expensive than b4 covid? After u pay your bills ur left with very little. U guys act as if homies are on the street corners discussing investment strategies. Seems more like ppl are struggling so bad they're turning to crime. I doubt either one of u spends any significant time in the hood...
Batnick love's cruising with the corner boys in the hood. I mean look how he dresses he just throws on his 9mm gold chain and pockets his 9mm Glock and Rock's the hood
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Only these guys can make me feel special because I have a budget. I'M A PART OF THE 10%!!!!! Finally
But seriously, can you believe it's June already
Time flies man
In this economy?
What's your target for the S&P500 year end?
@@TIB1973 The S&P500 will reach December by the end of the year, and we won't believe it.
@doubleclick21 hmm, December you say? That is a bold statement. I like your style.
My podcast broker brought me here.
Ben must be the best colleague ever to work with
Michael: Has a broker for everything except clothing
Ben: Uses a broker for only clothing
Not to brag…but I was at that Metallica concert in Munich! E-P-I-C!!!
Nice!
I never order regular menu items at chipotle because the pices are ridiculous. Always order a kids meal and it ends up becoming similar portion sizes of a regular bowl and its less than half the cost. Kids menu items will be our way of fighting food inflation costs.
@@WeBeatMedicare6969 no. i will hold on to my dreams and my money
40:37 it isn't hard to track spending on groceries. People have been buying groceries online, as well as have digital banking apps. You all saying that 'people saying grocery inflation is ridiculous' is bogus is so out of touch oncr again
38:56 fastfood is such a luxury for me that I make it at home slower. It's cheaper and better than any burger and fries I can buy locally though.
Not to burst your bubble, but the assumption that Millennials will be more wealthy because Baby Boomer money will be passed to them doesn't account for the high cost of nursing homes and health care . I know of several families who have spent down the family wealth rapidly.
Add in the boomers who are just spending it normally, and plan on not passing money down (I know quite a few of these).
Some of us Boomers bought Long Term Care Insurance so as not to burden our children (and preserve our wealth).
And after listening to decades of whiny, self-absorbed, whoa-is-me millennials ( the selfie generation), it's more likely boomers will leave everything to their favorite land trust or charity.
So true. In California assisted living is About 8000 a month.
@@LadyCatherine538 We have long term care insurance as well, but even the best policy only covers up to $4500 per month. Now , NH is $6,000 -$8,000 per month per person and in 10 years it will be double that. Good luck!
Star Wars is the Iliad & Odyssey of our time. May the force be with you.
Its June and I can't believe I'm 68 already.
Welcome to Animal Spirits! A place where politics doesn’t exist, the S & P 500 *is* the economy, airplane capacity are indicators of the economy, and if I’m doing well and you aren’t, well then, pull yourself up by the bootstraps!
That is the Crux of the matter. It's not the spread inversion that causes the recession. It is the reversion that causes recession. so as long as fed governors keep rates high for longer the yield spread will not revert and we will be safe from from recession . 😊
My pet peeve is the tipping situation. Giving me a choice of 25%, 23% and 20% for doing nothing. I’ve been testing out no tip or just tipping $1 for fun in situations where they’ve just handed you food.
have a not to brag but i really gotta give you my take on the cash on the sidelines in money markets.. i NEVER had cash on the sidelines, i was always 100% invested as there was essentially no money to be had going in cash (i just turned 36)…
Last year, i sold a big real estate holding of mine, an apartment building that i was lucky enough to make a $1.2M profit on in 5 years thanks to an off market buy from an old owner not really knowing what he had..
fast forward, i have over $500,000 in money markets which im 100% fine with making 5% on for the time being.. but if one of two things happen, you better believe up to 90% of that is going into the market .
1) market crash/ or nice fat pullback
2) rates hit 3%… but more likely if there’s ever a 2.9% or lower.. i’m pulling it out.. not attractive enough anymore .. i think more of the cash on sidelines will find their way to markets when ( i suppose IF) rates go down under 3% again…
remember TINA?! haha . that could come back
38:47 Of course Michael will mention the most famous of the classic blunders.
What kind of music was that at the end???
Yes, Triscuits are cheaper,
not coffee, laundry soap, socks,
... at walmart!!
Heloc bond automatically puts bond holder in 2nd lien position (inferior to traditional MBS), yes?
I saw Godzilla Minus 1 at the TOHO theater in Shinjuku!
They do pull the lever all the time
The yield curve inverts every time BECAUSE the Fed jacks up the front end of the curve. The end result won’t be different this time. They’re staying too high for too long like they do every time. Then they’ll have to cut back to the zero bound at light speed.
Omg the grocery price ignorance is astonishing. Look im single live alone and farm so I don't buy a bunch of food but guess what Ben j Powell and bald Batman i know what those items i buy Costs and EVERY time a Price goes up i notice Im not All lost in the supermarket i can no longer shop happily i came for the special offer a Guaranteed personality.. So for example Great value Graham crackers 😋 i eat them with my ice cream banana's from my farm..2020..99 cent's. Today 2.19. down from the peak of 2.29🤪. WTF are You guys doing? Drugs 😂. I can only imagine how closely i would follow those prices if I Was having trouble affording groceries.. Im Sure Batnick has A Grocery Broker..
Some cash is never going back to equities coz its their emergency fund. Especially coz people are more worried about the economy now even though evidence suggests otherwise.
Mark Hamill being a bad actor is an absolutely fucking wild take lol
I wasn't opening night guy - said no billionaire ever 😂
Quietest all-time high ever?
nope we are partying 🥳🥳🎉🎉
Ben and Michael claim to be data dependent, but they throw out any data they THINK isn’t right. They can’t prove that a particular data point is inaccurate, they just ignore what doesn’t fit their narrative. Every survey they look at is judged negatively on the headline, not on the methodology of the survey or the contents. It’s a very poor way to represent information.
Party On🎉🎉🎉🎉🎉
Party like it’s 1999!
When you ask how many people have a budget, you sound out of touch like George W. Bush visiting a supermarket 34 years ago and being amazed at how the checkout scanner worked.
Metallice utube with a lighting
strike epic, same show Germany I believe. US capital markets have the usd to back it who knew. I would observe UST auctions lots of issuance needed to cover. Treasury pushing out duration can't cover short end debt. Just a thought. 4 trillion due this year.
40:44 people know bread has risen 150%, eggs are still 3x, milk is 50% from 2021. Rich people cope, don't believe people buying staples. We know you guys are really in touch when Michael guessed $35 for 10 homemade tacos lol
Wonder where you parroted this bullshit from.
@@Youknowwhoiam1234 I buy groceries and know what they cost in 2020? Lol. And Batnick said that shit about tacos in an episode like a month ago
@@3377ftw certain items in the food store are high because they were deflationary for most of this century. Other things are back to pre pandemic prices.
Is IBIT the Blackrock crypto etf or their bitcoin etf?
The next record you buy should be don canellero ll.
1:32 I predict that in the next two weeks, monster truck owners with "My Other Ride is Your Mom" bumper stickers will be stampeding to withdraw millions from Ritholtz Wealth Management. Grab your popcorn, this financial rodeo's about to get wild! 🤠 Great episode - I listened to the podcast last night to help me fall asleep, but instead, I ended up wide awake contemplating the meaning of life, fast food, and whether I had any pet peeves.
Monster trucks ARE their “investment”.
Godzilla coming of age! LOL
Innodata is the AI pick of the year. Invest in the picks and shovels of the AI gold rush. Not investment advice.
Godzilla minus 1 was great, the story and especially the cinematics. Dark Matter, not so much, not a big fan of multiverse themed stuff.
64% of millennial borrowers* got a good rate. Doesnt mean millenials got in, they have lots of renters who were entering buying years when prices ans then rates shot up.
U guys always talk about how much more the lower-income class is making but ur out of touch. What difference does a few hundred dollars more a week make when everything is so much more expensive than b4 covid? After u pay your bills ur left with very little. U guys act as if homies are on the street corners discussing investment strategies. Seems more like ppl are struggling so bad they're turning to crime. I doubt either one of u spends any significant time in the hood...
Batnick love's cruising with the corner boys in the hood. I mean look how he dresses he just throws on his 9mm gold chain and pockets his 9mm Glock and Rock's the hood
the original omen is classic, he holdovers is overrated
Metallica clip of storm in Germany: th-cam.com/video/d6rIW4uTkpQ/w-d-xo.html&ab_channel=TheIndependent
Harrison Ford is also a bad actor or, at least, overrated. He always looks like he's suppressing a laugh.