Chapter
The Unpredictability of Markets and How to Approach It.
22:40 - 28:41 (06:01)
Despite the instabilities of the country's economic and political climate, corporate interests continue to dominate. Though technology may be advancing in the stock market, the stock market remains fundamentally unpredictable.
Clips
Even the Rich is a Wondery podcast that delves into the jaw dropping stories of the rich and famous, from family dynasties to pop culture icons.
22:40 - 25:12 (02:32)
Summary
Even the Rich is a Wondery podcast that delves into the jaw dropping stories of the rich and famous, from family dynasties to pop culture icons. Its latest season is about Lucille Ball's climb to becoming the first female sitcom star and studio exec, despite facing multiple challenges.
ChapterThe Unpredictability of Markets and How to Approach It.
Episode"Michael Lewis"
PodcastSmartLess
The speaker is asked about predictions for the next election and how it will impact finances.
25:12 - 25:54 (00:42)
Summary
The speaker is asked about predictions for the next election and how it will impact finances. The speaker discusses how every election cycle sees a shift in finances despite the glacial pace at which it happens.
ChapterThe Unpredictability of Markets and How to Approach It.
Episode"Michael Lewis"
PodcastSmartLess
The market is a train on tracks that moves based on the corporate earnings rather than political forces.
25:54 - 27:08 (01:14)
Summary
The market is a train on tracks that moves based on the corporate earnings rather than political forces. The market will only veer off track when there is a significant catastrophe.
ChapterThe Unpredictability of Markets and How to Approach It.
Episode"Michael Lewis"
PodcastSmartLess
The faith that creditors have in the U.S. government's ability to pay back its debts is crucial to prevent a vicious cycle of doubt and economic downfall.
27:08 - 28:41 (01:33)
Summary
The faith that creditors have in the U.S. government's ability to pay back its debts is crucial to prevent a vicious cycle of doubt and economic downfall. Printing more money to pay off debt can cause inflation and decrease faith in the government's economy.