Animal Spirits: Redefining a Recession

Today’s Animal Spirits is brought to you by Nasdaq and Composer:
 

See here for Nasdaq’s research on the shifting profile of retail investors.

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On today’s show we discuss:

Rich people keep spending money
The upper-middle class is getting squeezed 
What is a recession?
Walmart issues a profit warning
Home price growth slowed for the secon…

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