Ben speculated that (unlike today with all the "noise") people in the 1980s people weren't talking about the stock market or economy. What I remember about living through the 1980's was the economy, recession, & high unemployment were on most people's minds. Although I had a job, it really sucked feeling I could be laid off at anytime. People weren't adding a mudroom or buying a jetski because the future looked really dim.
Not a competition but in the early 1970s at one of my Little League games, my Dad pointed out a colleague who'd lost his job. I was so young so I couldn't even process it.
I honestly can't figure out how all these crypto scams are any different than the NFTs that Michael bought into during the post covid craze. I mean how is "digital art" also not a scam?
Tire guy here - on the tire question, if you have run flat tires, they will be significantly more expensive. Also high rim diameter tires ramp up, especially odd diameters like 19” and 21”. Most people don’t consider cost to replace tires when purchasing.
My take on the Trump meme is it shows you what's coming in regards to regulation. The second thing is I think a lot of people are honestly just permanently depressed and unhappy. They're unhappy with Gary, they're unhappy with this and that regardless of what happens they are just unhappy people
Not only abused Trump's own personal credit but also damaging the credit for Trump crypto industry promotion for next 4 years. Most of normal people will be pig-butchering and richest get richer sadly.
@@spgushue a tall ice cold glass of milk with chocolate cake or Oreos is a million times better than coffee. To argue otherwise is simply un-American!
Honestly great ep. It felt like you were holding back some thoughts since the election, and now that all this crazy crap happened it was venting opportunity to talk about some serious and worrying stuff that's happening.
Soundcore is not a counterfeit of an air pod it is just a different brand. They make a number of good products and are owned by Anker (which also make a ton of great stuff).
I’m a 2018 MBA from a top 20 school. The vast majority of my class mates, including myself, went into management consulting, big tech, or investment banking. All of those industries have substantially pulled back in hiring since 2020 and with the cost of a top MBA, grads are not looking for jobs paying less than 150k to start.
What advice do you have for older generations that would like to transition to financial planning, maybe as a second career? Does it make sense to pursue a CFP?
The 2023 movie Self Reliance directed by and starring Jake Johnson (New Girl) has a similar premise, with worse consequences, to the fake chase game show Michael invented. Pretty funny and short + Anna Kendrick and Andy Samberg.
Every time you guys talk incomes I realize how screwed I'm getting. I make less than in 2020 in nominal terms. And it's not like I can just find a better job, I'm a public educator The wages are set for everyone across the region, and the government's been suppressing the wages. Would really love to see more of the people who provide essential services in the top earners instead of who we do have up there.
My guess about the explosion of money market flows is that older Boomers (in their 70’s) with nice nest eggs see those “juicier” risk-free yields, and when they do the math, it makes total sense to collect 4% annually on a million dollar portfolio while they live in their mortgage-free house and collect a sweet Social Security check on top of that, which means they probably have an $80k annual income with little to no bills. Plus, they’re retiring in record numbers right now too so that adds to the higher flows.
Meme coins are this generation's baseball cards. They are collectables that are trading on a market. I invested in Jose Canseco. People now are investing in Trump and Hawk Tua.
I work outside and need to check up on the weather often. The new update for the weather channel app is horrible. Not sure how they think this was a good update, and why it happened. If it ain’t broke don’t fix it.
Greetings from Greece! Trump represents everything that is wrong with America. Wife and I FIREd and moved to Europe in September because we saw this coming. Career grifter and conman taking the highest office while launching a meme coins seems like peak capitalism. We hatched the plan to move during Trump 1.0. Things are about to get worse in the US unfortunately.
Quick takes: ) Speculative memecoin variations are beginning to mirror variations on the multi-colored tulip bulbs in 1630's Holland (where estimates were up to 1 million (inflation adjusted) per bulb variations before the bubble burst).... Quick: start an animal spirits coin before the 1637 bust hits... ) Ben really does respond to listeners (I have gotten great responses).... ) Eggs... check Cal-Maine stock. Bird Flu. ) Car sensors covered in ice or snow = worthless. Need better sensor heater/de-icer technology (IPO/start-up). ) 8-10 K mortgage? This could coincide with your charts on the lack of recessions/bear markets (i.e., can buyers cover the 10K mortgage in an inevitable recession/bear market remains to be seen?). ) Youth sports. There will be tears, there will be pain, there will be injuries---and that is just the parents watching. ) Recommendation: Deadloch (on Amazon Prime), a quirky comedic mystery series based in Tasmania (only season 1 but season 2 in the works).
Still can't understand how Trump benefits from this meme coin. You guys need to explain how this coin was created and started trading and at what price and did Trump sell any and how many was created and etc. understanding the entire thing from the start is very important for everyone who is new to this world of meme coin
Milk is crazy expensive as well. Dad of a 4 year old here. I'm a non milk drinker but grabbing an $8 gallon every week feels like a stabbing to the heart. Re: snow. I was laughing at the southerners throwing table salt and bath salts on their driveways, but I know full well if I was born and raised near the southern coast I would have absolutely zero idea of what to do. Also the roads are built differently than Chicago. I have a feeling the infrastructure costs for major projects like roads contributes to the difference in state and property taxes needed to build and maintain(also we have more grift lol)
The Trump Coin thing depressed me too. I've never overreacted to Trump's shenanigans over the years, but this felt like the worst thing he's done. But... here's how I cope. You know how he has all these casinos? Well, this is just his casinos on steroids.
A transactional president with a meme coin. Just imagine companies, adversaries, etc. using it as means to curry favor from Trump. This is indefensible. Either choose to be president or have your coin, but not both.
37:12 people pay attention to it because they aren't in the 10% of people who make more than ever before. Eggs went from $4.50 to $8. It's not volatile it just goes up
People will start thinking none of it is real lmao Worthless coins been around and getting bought up since beginning of crapto. Doge, Shiba etc. all coins without any fundamentals, so am pretty sure they already know this. This guy is a genius 😂
Ben, real question, natural gas?? Stargate needs power. Nuclear won't be here until 2030. Natural gas will the gap. That's a fact. So why aren't natural gas stocks breaking out? Am I just early? Got into OKLO at $6, now it's $36. Will natural gas break out too?
Regarding the trump coin, I stay in UAE and work with African clients. My client in Egypt asked me on Monday about US introducing new currency. So yeah it’s not just online thing. I managed to talk him out of it , but one of these days, he’s going to get burned
For me the memecoin frenzy grift is no different than what televangelists do telling people to send money for prayers or our government allowing PACs to give unlimited money to candidates. People it will seems will gamble their money, no matter what country or socioeconomic class people inherently want to gamble.
I definitely think homes are overpriced by 10-35 percent. Hopefully the shit doesn’t hit the fan like 2008. A 2 bedroom home in Denver $795,000 built in 1930. Glenview Illinois 4 bedroom home 795,000. Ridiculous numbers. These homes will never be worth more than what they are worth today.
Politicians implementing regulations ensure theyre exempt from said regulations. Cops investigating cops generally protect their own. Checks need to exist outside of the system. Which is just not the world we're living in.
Wait till he adds it to the national reserve, mandates US Gov transactions be done in Official TRUMP Coin or something stupid like that and watch it go up another 50000%. It sounds ridiculous but people would say the same thing about the POTUS launching his own meme coin and here we are lol.
I'm honestly not sure why everyone up in arms. What's the gambling industry market cap again? Were the Trump coin buyers made any false promises? Why is it okay for politicians to ask for donations but no make a meme coin?
I looked at Bitcoin when the price was in the single digits. I wasn't excited about it then either. Ok for others though, and I don't mind hearing conversation about it. I'm still working on affording my first mudroom.
Actually, if the self-driving AI is trained on snowy road conditions, it will learn to figure out where the road is just like human beings do. Just like you. The question is: are they training on that kind of data. I suspect not yet.
I’m not even worried about meme coins, I’m worried about meme houses lol. Up up up up. No recession just up stimulate up stimulate rinse and repeat screw the young.
I love these guys but I’ve heard Ben multiple times make the same argument, “the pandemic could have been much worse”. It’s 2025, go out and read credible sources in the education area. The damage to children from the lockdown is historic in its lasting impact and a net negative. Please be more accurate with your language because listening to your comments you sound either ignorant at best or more than likely just stupid. Kudos to Michael for the gentle statement of alternative facts.
GUYS GUYS GUYS…Chump pitching a Meme coin is just another grift, let’s be adults and realize a criminal is in office and the world is about to suffer from it…please stop pretending he’s a good human!
ETFs are how the financial industry co-opts bitcoin to skim off the flows. If you are a hardcore bitcoiner, If you read the whitepaper and really believe in the tech, Bitcoin ETFs are the antithesis of that. ETFs are not how you be your own bank. You don't hold your own keys, the ETFs do. The only reason why the crypto-bros like ETFs is simply "number go up".ETFs are how the financial industry co-opts bitcoin to skim off the flows.
"We're going to smart contract this" - that's a security. You guys are tradfi. Not a put-down. That's your edge and info background. Being crypto-native is a full time job.
As a foreign investor who invests a bunch in USA market, I do not like your currency going up relative to mine because if I were to sell a security, which therefore triggers a capital gain/loss, the increasing USD relative to my currency inflates my gains and shrinks my losses, net effect is I pay more in taxes. Sure, the money amount on my brokerage account is higher due to stronger USD which may give my ego a boost. However, unless I am converting my USA currency money back to my country's currency or going to use the USA currency then raising USA currency is an annoyance. That said, such an annoyance is offset by the USA currency going up coinciding with great USA stock returns, which I am grateful for!
This episode is sponsored by Nasdaq. To learn more about the Nasdaq-100® Ecosystem, visit: www.nasdaq.com/solutions/global-indexes/nasdaq-100
Trump's meme coin won't be a rug pull..... it'll feel more like a yuuuuge comb over.
Look forward to Animal Sprits every week. I’m not a financial guy, but use this network to stay informed and level headed on our financial planning.
Batnick just now finding out about eggs. He must have had an egg broker.
😂😂😂
Appreciate that you two actually care about what’s good for people
Unlike MAGA.
They are idiots. The Trump coin has nothing to do with the Trump family. It’s just some scammers looking to fool people like you😂
MAGA only cares about Trumps money
Ben speculated that (unlike today with all the "noise") people in the 1980s people weren't talking about the stock market or economy. What I remember about living through the 1980's was the economy, recession, & high unemployment were on most people's minds. Although I had a job, it really sucked feeling I could be laid off at anytime. People weren't adding a mudroom or buying a jetski because the future looked really dim.
Not a competition but in the early 1970s at one of my Little League games, my Dad pointed out a colleague who'd lost his job. I was so young so I couldn't even process it.
I honestly can't figure out how all these crypto scams are any different than the NFTs that Michael bought into during the post covid craze. I mean how is "digital art" also not a scam?
Sports gambling ruins countless lives. Batnick does it every weekend with glee. Selective outrage.
Great discussion of crypto madness. 100% agree
Tire guy here - on the tire question, if you have run flat tires, they will be significantly more expensive. Also high rim diameter tires ramp up, especially odd diameters like 19” and 21”. Most people don’t consider cost to replace tires when purchasing.
“Are you a milk drinker?”
“No I’m not 7” 😭
When you have the power to pardon yourself. You do whatever you want. Lol.
My take on the Trump meme is it shows you what's coming in regards to regulation. The second thing is I think a lot of people are honestly just permanently depressed and unhappy. They're unhappy with Gary, they're unhappy with this and that regardless of what happens they are just unhappy people
37:07 rude af. I drink milk everyday after my workout. It is a near perfect post workout snack to hold you off until a proper meal.
You guys have been absolutely fair and balanced on crypto.
Michael is right, the serious work goes on beneath the surface and the memecoin stuff gets an eye roll AT BEST.
Trump coin is absurd.
Not only abused Trump's own personal credit but also damaging the credit for Trump crypto industry promotion for next 4 years. Most of normal people will be pig-butchering and richest get richer sadly.
I want to start a shite coin named Tulip.
Too late - there are literally a dozen or more.
Ben- Costco for tires, my guy!! And, you need to get the organic, grass-fed milk with your protein shakes-now you are all jacked! 😜
hey wait a minute! I love milk. What do you sociopaths drink with cake or cookies?
Coffee?
@@spgushue a tall ice cold glass of milk with chocolate cake or Oreos is a million times better than coffee. To argue otherwise is simply un-American!
@@spgushue But Ben doesn't drink coffee either
@@user-ox4mj6fx5p I wonder if he got fresh beans, a grinder and decent pour over would he change his tune on coffee.
Honestly great ep. It felt like you were holding back some thoughts since the election, and now that all this crazy crap happened it was venting opportunity to talk about some serious and worrying stuff that's happening.
Soundcore is not a counterfeit of an air pod it is just a different brand. They make a number of good products and are owned by Anker (which also make a ton of great stuff).
Back in the early 1960s, I didn't start playing competitive basketball until 6th grade. My father came, my mother stayed home.
eyes wide shut is great!!!
I’m a 2018 MBA from a top 20 school. The vast majority of my class mates, including myself, went into management consulting, big tech, or investment banking. All of those industries have substantially pulled back in hiring since 2020 and with the cost of a top MBA, grads are not looking for jobs paying less than 150k to start.
Ok so I’m not the only one! My Sonos is so glitchy now, such a shame it used to work so well and I could listen with my big 70’s speakers
What advice do you have for older generations that would like to transition to financial planning, maybe as a second career? Does it make sense to pursue a CFP?
"No I'm not SEVEN" Golden
The 2023 movie Self Reliance directed by and starring Jake Johnson (New Girl) has a similar premise, with worse consequences, to the fake chase game show Michael invented. Pretty funny and short + Anna Kendrick and Andy Samberg.
Call now and get the Don Jr. and Ivanka Trump 2025 Commemorative Crypto Coins, along with Donald and Melania Coins 😂😂😂
For Self Driving conversation:… Chat says 40% of US population lives where it never snows.
When are we getting Batnick Coin, Brown Coin, Carlson Coin, and Compound Coin?...
Fraud is legal*. *Conditions apply.
😂
If SCOTUS says so, and it does, then swing for the fences!
Michael...its the circle of life.....this will create our next round of opportunities .
35yo here, and Trump coin was the quickest 10x I've made in my life 😂
Every time you guys talk incomes I realize how screwed I'm getting. I make less than in 2020 in nominal terms. And it's not like I can just find a better job, I'm a public educator The wages are set for everyone across the region, and the government's been suppressing the wages.
Would really love to see more of the people who provide essential services in the top earners instead of who we do have up there.
My guess about the explosion of money market flows is that older Boomers (in their 70’s) with nice nest eggs see those “juicier” risk-free yields, and when they do the math, it makes total sense to collect 4% annually on a million dollar portfolio while they live in their mortgage-free house and collect a sweet Social Security check on top of that, which means they probably have an $80k annual income with little to no bills. Plus, they’re retiring in record numbers right now too so that adds to the higher flows.
Meme coins are this generation's baseball cards. They are collectables that are trading on a market. I invested in Jose Canseco. People now are investing in Trump and Hawk Tua.
I work outside and need to check up on the weather often. The new update for the weather channel app is horrible. Not sure how they think this was a good update, and why it happened. If it ain’t broke don’t fix it.
Greetings from Greece! Trump represents everything that is wrong with America. Wife and I FIREd and moved to Europe in September because we saw this coming. Career grifter and conman taking the highest office while launching a meme coins seems like peak capitalism. We hatched the plan to move during Trump 1.0. Things are about to get worse in the US unfortunately.
Quick takes:
) Speculative memecoin variations are beginning to mirror variations on the multi-colored tulip bulbs in 1630's Holland (where estimates were up to 1 million (inflation adjusted) per bulb variations before the bubble burst).... Quick: start an animal spirits coin before the 1637 bust hits...
) Ben really does respond to listeners (I have gotten great responses)....
) Eggs... check Cal-Maine stock. Bird Flu.
) Car sensors covered in ice or snow = worthless. Need better sensor heater/de-icer technology (IPO/start-up).
) 8-10 K mortgage? This could coincide with your charts on the lack of recessions/bear markets (i.e., can buyers cover the 10K mortgage in an inevitable recession/bear market remains to be seen?).
) Youth sports. There will be tears, there will be pain, there will be injuries---and that is just the parents watching.
) Recommendation: Deadloch (on Amazon Prime), a quirky comedic mystery series based in Tasmania (only season 1 but season 2 in the works).
two eggs is not close to a meal. but its a nice snack thats healthy
I don’t know what happened in the 1910s? Ben, WWI followed by influenza pandemic.
To a certain extent in the late 90s young bros at university were spending too much time trading tech stocks. I well remember.
Fun one today! When’s the Compound Shop gonna be back online?
Still can't understand how Trump benefits from this meme coin. You guys need to explain how this coin was created and started trading and at what price and did Trump sell any and how many was created and etc. understanding the entire thing from the start is very important for everyone who is new to this world of meme coin
Milk is crazy expensive as well. Dad of a 4 year old here. I'm a non milk drinker but grabbing an $8 gallon every week feels like a stabbing to the heart.
Re: snow. I was laughing at the southerners throwing table salt and bath salts on their driveways, but I know full well if I was born and raised near the southern coast I would have absolutely zero idea of what to do. Also the roads are built differently than Chicago. I have a feeling the infrastructure costs for major projects like roads contributes to the difference in state and property taxes needed to build and maintain(also we have more grift lol)
"It's all made up." 😆
Crypto Collapse Coming To a Town Near You!
A lot of the music in A Real Pain was Chopin because he’s Polish
Etude no 12….after the Russians invaded
Have them print a retraction!
What is it gonna say, "sorry we called her a C***, we meant aunt!?"
tune in for personal education, insights & wise and intelligent perspectives thank you The Compound
Unregulated casino capitalism.
The Trump Coin thing depressed me too. I've never overreacted to Trump's shenanigans over the years, but this felt like the worst thing he's done.
But... here's how I cope. You know how he has all these casinos? Well, this is just his casinos on steroids.
Is trump coin really any different than DJT stock? Not really. Just a higher meme level to it.
1910s - The Great War (WWI) and a pandemic immediately following explain why the economy spent so much time in recession.
So batnik is level seven tds , thx got it
Are you guys saying if we bought trump coin that we are definitely going to lose everything we invested? Is that what you’re saying?
A transactional president with a meme coin. Just imagine companies, adversaries, etc. using it as means to curry favor from Trump. This is indefensible. Either choose to be president or have your coin, but not both.
I sold all of my hawktuah coin and bought Trump coin
37:12 people pay attention to it because they aren't in the 10% of people who make more than ever before. Eggs went from $4.50 to $8. It's not volatile it just goes up
People will start thinking none of it is real lmao Worthless coins been around and getting bought up since beginning of crapto. Doge, Shiba etc. all coins without any fundamentals, so am pretty sure they already know this. This guy is a genius 😂
Ben, real question, natural gas?? Stargate needs power. Nuclear won't be here until 2030. Natural gas will the gap. That's a fact. So why aren't natural gas stocks breaking out? Am I just early? Got into OKLO at $6, now it's $36. Will natural gas break out too?
That’s a money losing trade.
@ I just don’t understand why. I’m gonna research natural gas today and try to figure it out
Regarding the trump coin, I stay in UAE and work with African clients. My client in Egypt asked me on Monday about US introducing new currency. So yeah it’s not just online thing. I managed to talk him out of it , but one of these days, he’s going to get burned
For me the memecoin frenzy grift is no different than what televangelists do telling people to send money for prayers or our government allowing PACs to give unlimited money to candidates. People it will seems will gamble their money, no matter what country or socioeconomic class people inherently want to gamble.
Beak Capital on Odd Lots
I definitely think homes are overpriced by 10-35 percent. Hopefully the shit doesn’t hit the fan like 2008. A 2 bedroom home in Denver $795,000 built in 1930. Glenview Illinois 4 bedroom home 795,000. Ridiculous numbers. These homes will never be worth more than what they are worth today.
If you dumb enough to have invested into Trump coin and lost life changing money, you deserve it
Politicians implementing regulations ensure theyre exempt from said regulations. Cops investigating cops generally protect their own. Checks need to exist outside of the system. Which is just not the world we're living in.
Wait till he adds it to the national reserve, mandates US Gov transactions be done in Official TRUMP Coin or something stupid like that and watch it go up another 50000%. It sounds ridiculous but people would say the same thing about the POTUS launching his own meme coin and here we are lol.
17:32 lol 🙏 amen
10 years ago was 2015 ... You couldn't see the writing on the wall about the NASDAQ 100 in 2015? LOL I didn't know you guys didn't stand up
I'm honestly not sure why everyone up in arms. What's the gambling industry market cap again? Were the Trump coin buyers made any false promises? Why is it okay for politicians to ask for donations but no make a meme coin?
I looked at Bitcoin when the price was in the single digits. I wasn't excited about it then either. Ok for others though, and I don't mind hearing conversation about it. I'm still working on affording my first mudroom.
beginning to think these peeps didn’t see 1990s 😂
Actually, if the self-driving AI is trained on snowy road conditions, it will learn to figure out where the road is just like human beings do. Just like you. The question is: are they training on that kind of data. I suspect not yet.
I miss the days where the president would just launder money through Ukraine
They are not sleeping in the same bed.
Thanks for dissing the prez's meme coin. What a frickin grift. Incredible. I hope this teaches some people some lessons.
there’s always new suckers
play stupid games.. win stupid prizes.. folks voted for "change," now it's time for the F.A.F.O. round
I’m not even worried about meme coins, I’m worried about meme houses lol. Up up up up. No recession just up stimulate up stimulate rinse and repeat screw the young.
You don’t live on the south side of Chicago. You’ll get your tire patched and fixed for 25-50.00 out in 30mins. Cash
I love these guys but I’ve heard Ben multiple times make the same argument, “the pandemic could have been much worse”. It’s 2025, go out and read credible sources in the education area. The damage to children from the lockdown is historic in its lasting impact and a net negative. Please be more accurate with your language because listening to your comments you sound either ignorant at best or more than likely just stupid. Kudos to Michael for the gentle statement of alternative facts.
How many IPOs on the NYSE & NASDAQ wreck peoples lives?
Why not call Trump coin by its real name - "Bribe me coin" 😂😂😂
He took Notre Dame-8.5? Wow
GUYS GUYS GUYS…Chump pitching a Meme coin is just another grift, let’s be adults and realize a criminal is in office and the world is about to suffer from it…please stop pretending he’s a good human!
We talk about economy a lot and about the FED all the time and it’s worthless conversation!
ETFs are how the financial industry co-opts bitcoin to skim off the flows. If you are a hardcore bitcoiner, If you read the whitepaper and really believe in the tech, Bitcoin ETFs are the antithesis of that. ETFs are not how you be your own bank. You don't hold your own keys, the ETFs do. The only reason why the crypto-bros like ETFs is simply "number go up".ETFs are how the financial industry co-opts bitcoin to skim off the flows.
"We're going to smart contract this" - that's a security. You guys are tradfi. Not a put-down. That's your edge and info background. Being crypto-native is a full time job.
May I please have this dance?
you're not even pretending like the stock market isn't exactly the same as the shit coin market
Sonos sounds great as an idea but the company and app are sh!t
US tech is world class, no one wants US groceries 🎉
the sonos app has always been the weakest link - good speakers, atrocious sfw
Repost in 4 years when trump coin is worth 2 trillion
Dude you just called everyone who invests in crypto idiots
Munger was right
As a foreign investor who invests a bunch in USA market, I do not like your currency going up relative to mine because if I were to sell a security, which therefore triggers a capital gain/loss, the increasing USD relative to my currency inflates my gains and shrinks my losses, net effect is I pay more in taxes. Sure, the money amount on my brokerage account is higher due to stronger USD which may give my ego a boost. However, unless I am converting my USA currency money back to my country's currency or going to use the USA currency then raising USA currency is an annoyance. That said, such an annoyance is offset by the USA currency going up coinciding with great USA stock returns, which I am grateful for!
as a foreign investor…you learn to live with it…worse would be not having access to US stocks
@@prometheus4130 that is true. agree. just got to be aware of it!
Many adults drink milk......geezus!! smh
$crime onchain coded
The more Trump endorses crypto the less legit it is