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Animal Spirits: There Are Too Many Rich People
Michael Batnick
July 16, 2025
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Animal Spirits:
On today’s show, we discuss:
Top Colleges Are Too Costly Even for Parents Making $300,000
AI/Meta Poached Apple's Pang With Pay Package Over $200 Million
Paul Newman and Joanne Woodward's Manhattan Home Just Sold for Way Over Its Asking Price
The Death of the Amex Lounge: Why the Upper Middle Class Isn't Special Anymore
Youth Sports Are a $40 Billion Business. Private Equity Is Taking Notice.
Charts:
Tweets:
US household leverage (liabilities to net wealth) is the lowest in 50 years
— Mike Zaccardi, CFA, CMT 🍖 (@MikeZaccardi)
4:32 PM • Jul 8, 2025
Nvidia, $NVDA, CEO: “It's not likely that you'll lose a job to AI. You're going to lose the job to somebody who uses AI."
— unusual_whales (@unusual_whales)
6:01 PM • Jul 13, 2025
Companies are buying bitcoin, Q2 2025 edition
— Bitwise (@BitwiseInvest)
7:30 PM • Jul 9, 2025
[NEWS] Ford’s throwing its weight behind a new pitch:
Only this time, it’s “Zero-Zero-Zero.”
$0 down, 0% APR for 48 months, and no payments for 90 days.
Oh, and two years of basic maintenance to sweeten the deal.
It’s the follow-up to the brand’s “From America, For America”
— Car Dealership Guy (@GuyDealership)
4:02 PM • Jul 9, 2025
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