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Today’s Animal Spirits is sponsored by Betterment Advisor Solutions and ClearBridge Investments:

This episode is sponsored by Betterment Advisor Solutions. Learn more at: https://betterment.com/advisors

International and emerging market stocks outperformed the U.S. in 2025. At ClearBridge, we believe this momentum can continue. Find out more at https://www.clearbridge.com/

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Animal Spirits:

On today’s show, we discuss:

• The 2028 Global Intelligence Crisis

• Another Viral AI Doomer Article, The Fundamental Error, DoorDash’s AI Advanteges

• People Loved the Dot-Com Boom. The A.I. Boom, Not So Much.

• Sam Altman defends AI resource usage: Water concerns ‘fake,’ and ‘humans use energy too’

• What to Make of This Very Weird Market

• More People Are Pulling Cash Out of Their Homes

• Blue Owl permanently halts redemptions at private credit fund aimed at retail investors

• Private-Credit Warning Signs Flash After Blue Owl Unloads $1.4 Billion in Assets

• Blue Owl on the Ropes

• What fast food’s downturn says about the US economy

Charts:

Tweets/Bluesky:

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Recommendations:

• A Knight of the Seven Kingdoms

• Her

• Industry

• Primate

Contact us at animalspirits@thecompoundnews.com with any feedback, recommendations, or questions.

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Check out our t-shirts, coffee mugs, and other swag here.

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