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Today’s Animal Spirits is brought to you by Fidelity Investments and Federated Hermes:

This episode is presented by Fidelity Investments and the all-new Fidelity Trader+, Fidelity’s most powerful trading platform yet. Learn more at http://www.fidelity.com/TraderPlus

This episode is sponsored by Federated Hermes. Explore their full ETF lineup at https://federatedhermes.com/

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Animal Spirits:

On today’s show, we discuss:

• The Era of Speedball Capitalism Has Dawned

• High Interest Rates Aren’t Slowing the A.I. Boom. That’s a Problem for the Fed.

• The Kids Are Alright:
  The timeless angst over young people and money

• Wealth of Generations Update Through the First Half of 2026

• The Gap Between the Rich and the Very, Very Rich Is Getting Wider

• Tech’s Nouveau Riche Suffer Sudden Wealth Syndrome as AI Pay Explodes

• The American Religion of Self-Storage Facilities

• The Mighty American Consumer Is Crashing Through Inflation and Driving Growth

• State of Markets II

• The Higher Rates, Higher Rent Doom Loop Is a Big Problem for the Fed

• Private Equity Has a Problem. Uncle Sam Says Your Wallet Can Fix It

• Smart Ring Maker Oura Becomes Latest Company to Delay US IPO

• You Are No Longer Invited to Dinner

• Why Bowl Together When You Can Scroll Alone

Charts:

 

Recommendations:

• The Animal Spirits Shelf – An Independent Archive (Fan Creation)

• Tuner

• Patriot

• A Fabulous Debt by Robin Wigglesworth

• Roll the Calls by Ari Emanuel

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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