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Today’s Animal Spirits is sponsored by Vanguard and Franklin Templeton:

To learn more about Vanguard bonds, visit https://vanguard.com/audio.

This episode is sponsored by Franklin Templeton. Learn more at franklintempleton.com/advantage

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Animal Spirits:

On today’s show, we discuss:

• ‘FOMO Really Got Me’: Taiwanese Go Deep Into Debt to Amp 100% Stock Rally

• The Trillion-Dollar Borrowing Binge Lifting the Stock Market to Risky Heights

• Ignore the Margin Debt Alarm

• The Debasement Trade Is Unraveling and Kevin Warsh Is One Big Reason

• Semiquincententacles

• Ranks of the Ultrawealthy Jumped in 2025

• Who Will Pay No Federal Individual Income Tax in 2025?

• Forget Work. Passive Income Is the New American Dream.

• We can finally say AI isn’t killing jobs

• Mark Zuckerberg Directed Meta to Create a Prediction Markets App

• Your summer holiday is a retirement killer

• No Hair Transplants, Pills or Toupees. These Men Are Embracing Baldness.

• Pizza Has Gone Cold. Domino’s Is Still Worth a Look.

Charts:

 

Tweets/Bluesky:

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Recommendations:

• The Rewatchables

• Pacific Heights

• The Dark Wizard

• Alien Franchise

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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