On this week’s episode Tom, Jacob, and Noah talk about updates in the financial sector, the mass inflows to CDs and money market funds, the safety of your money, AI, and more layoffs.
Email us at laminatemoneypodcast@fjellcapital.com for questions or suggestions for future topics.
• An interesting question to ponder
o Does more money make you better at managing your money.
• The Good
o While the stock market may be down, our current situation caused a historic bond rally
• The Bad
o Credit Suisse went down and was acquired by UBS for $2 billion $0.28/share; the Saudi’s lose $1 billion on CS
o Is your money actually safe, record CD and money market inflows
• The Comical
o Beloved and debated, French bulldog becomes top US dog breed
• The Head Scratcher
o The yield curve moves towards uninversion on the news of a banking crisis…
• What Went On
o Josh Brown called the top of interest rates, and I’m inclined to believe him
o Three million US households making over $150k are still renters
o Tiger global wrote down its venture portfolio by 33%
o SVB filed for Chapter 11, Moody’s downgraded the US banking system to negative
• Win of the Week
o AI is coming to your office suite, and with ChatGPT - 4
• Time Machine
o Meta lays off another 10,000 employees, which put them below prepandemic hiring trends
• Quote of the Week
o “In both cases success became less about a series of victories and more about going big or going home.”- Ben Thompson
