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Everything the podcasts said · one show
Animal Spirits
≈ 2–3 a week
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Michael Batnick & Ben Carlson on markets and personal finance.

In the last 30 days, Animal Spirits produced 97 attributed ideas; most-discussed: JELM, JELH, TLT.

23
Ideas · 7d
97
Ideas · 30d
464
Ideas · all time
72
Episodes
Names this show discusses most
30D
JELM · 3JELH · 3TLT · 2PARA · 1KBH · 1PHM · 1LEN · 1DIS · 1
90D
JELM · 3JELH · 3TLT · 2PARA · 1KBH · 1PHM · 1LEN · 1DIS · 1

Theses first heard here · 18

AI personal agents lack switching cost moatsFIRST HEARD 23 SEP · META
Cyber risk is an engineering problem, not existentialFIRST HEARD 17 SEP
US growth narrows to AI hyperscaler capexFIRST HEARD 9 SEP
Asymmetric risk-reward skew in TreasuriesFIRST HEARD 26 AUG
Critical materials as a non-tech AI playFIRST HEARD 17 AUG
Latest attributed ideas · most recent first
14 OCT5D AGOAre Higher Rates Worse Than ZIRP? (EP. 486)
Market concentration as a secular feature
Open in Zortix →
14 OCT5D AGOAre Higher Rates Worse Than ZIRP? (EP. 486)
Higher rates worse for economy than ZIRP
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14 OCT5D AGOAre Higher Rates Worse Than ZIRP? (EP. 486)
Human attraction to long-shot bets and hope
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14 OCT5D AGOAre Higher Rates Worse Than ZIRP? (EP. 486)
Housing market activity worse than GFC
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14 OCT5D AGOAre Higher Rates Worse Than ZIRP? (EP. 486)
Young people's social lives in shambles
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14 OCT5D AGOAre Higher Rates Worse Than ZIRP? (EP. 486)
Tariffs as a failed economic idea
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14 OCT5D AGOAre Higher Rates Worse Than ZIRP? (EP. 486)
AI crowding out other construction spending
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14 OCT5D AGOAre Higher Rates Worse Than ZIRP? (EP. 486)
Paramount-Warner deal doomed by debt
SHOWS SPLIT4 SHOWS · NOT ALL ON THE SAME SIDEPARAOpen in Zortix →
14 OCT5D AGOAre Higher Rates Worse Than ZIRP? (EP. 486)
Wealth survey data may underreport riches
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14 OCT5D AGOAre Higher Rates Worse Than ZIRP? (EP. 486)
AI likely to cause a swift 30% bear market
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14 OCT5D AGOAre Higher Rates Worse Than ZIRP? (EP. 486)
401k automation as a behavioral guardrail
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14 OCT5D AGOAre Higher Rates Worse Than ZIRP? (EP. 486)
Homebuilder stocks getting mauled
3 SHOWS AGREE3 SHOWS · SAME SIDEKBHOpen in Zortix →
14 OCT5D AGOAre Higher Rates Worse Than ZIRP? (EP. 486)
China's economic vs. market performance disconnect
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14 OCT5D AGOAre Higher Rates Worse Than ZIRP? (EP. 486)
Rotten Tomatoes scores suffer from grade inflation
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14 OCT5D AGOAre Higher Rates Worse Than ZIRP? (EP. 486)
Disney's premium pricing as a wealth tax
DISOpen in Zortix →
14 OCT5D AGOAre Higher Rates Worse Than ZIRP? (EP. 486)
Growth stocks proved resilient to higher rates
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12 OCT1W AGOTalk Your Book: Will AI Debt Cause a Recession?
Absolute return as a do-no-harm fixed-income mandate
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12 OCT1W AGOTalk Your Book: Will AI Debt Cause a Recession?
AI debt bubble as the next recession cause
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12 OCT1W AGOTalk Your Book: Will AI Debt Cause a Recession?
Long-end rates pressured by fiscal and inflation risks
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12 OCT1W AGOTalk Your Book: Will AI Debt Cause a Recession?
High-yield credit cycle overdue and primed to blow
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12 OCT1W AGOTalk Your Book: Will AI Debt Cause a Recession?
Private credit's liquidity and asset-quality issues
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12 OCT1W AGOTalk Your Book: Will AI Debt Cause a Recession?
Front-end treasuries price in too much Fed tightening
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12 OCT1W AGOTalk Your Book: Will AI Debt Cause a Recession?
High-yield stress signals in CCC-rated debt
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7 OCT2W AGOSudden Wealth Syndrome (EP. 485)
Markets, not rates, as the AI capex brake
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7 OCT2W AGOSudden Wealth Syndrome (EP. 485)
AI hyperscalers' rate insensitivity as a Fed problem
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7 OCT2W AGOSudden Wealth Syndrome (EP. 485)
Consumer spending resilient despite sentiment gap
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7 OCT2W AGOSudden Wealth Syndrome (EP. 485)
High beta's massive outperformance this decade
SPHBOpen in Zortix →
7 OCT2W AGOSudden Wealth Syndrome (EP. 485)
Higher rates create a rent inflation doom loop
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7 OCT2W AGOSudden Wealth Syndrome (EP. 485)
Private markets overvalued, delaying IPOs
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7 OCT2W AGOSudden Wealth Syndrome (EP. 485)
There's no such thing as a normal interest rate
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IDEAS & DEPTH REFLECT PODCAST DISCUSSION · NOT A RATING, FORECAST, OR RECOMMENDATION