Animal Spirits: Americans Love Borrowing Money

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The adoption of cellphones by Keralan fishermen is, I believe, the most stunning example of the contribution of information technology to market performance.
Take a look at this graph for background: in three different regions of Kerala, phones were adopted at different times.… pic.twitter.com/g6M4Hg5aE6
— Crémieux (@cremieuxrecueil) September 18, 2023

From the mid-1970s thru the early-1990s investors allocated more money to cash than stocks
This is why past valuations for the overall market are almost worthless
In the past most investors didn’t even realize stocks were the best long-term financial asset
Now they do pic.twitter.com/V1pdl1Lp78
— Ben Carlson (@awealthofcs) September 14, 2023

Since it’s Sunday and I’m bored, I figured I would finally, definitively answer the question of “why do people think the economic is bad (and is that the case?)”. This is because it is easy to answer, and the answer is funny and will make many people mad. https://t.co/T7CkRUzNBp
— Quantian (@quantian1) August 7, 2023

Again, one reason “the vibes are off” is that lots of people prefer a world where people are desperate for jobs and willing to take anything they can get. https://t.co/3qGLAJ8WVH
— Matt Darling 🌐🏗️ (@besttrousers) September 7, 2023

Salesforce is hiring 3,300 people across departments, marking a new investment after it eliminated 10% of its workforce in a restructuring earlier this year https://t.co/FUNNg3abOW
— Bloomberg (@business) September 15, 2023

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Animal Spirits: Americans Love Borrowing Money

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