Laminate Money

The Economy That Won't Stop Spending

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On this week’s episode Jacob, Dan, and Noah discuss this week’s key economic data points including retail sales, employment, and inflation. They also discuss US debt, the housing market, the Ohio chemical spill, and more on Q4 earnings. 

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Show Notes:

  • The Good: Consumers are spending us into a no landing scenario
  • The Bad: Household debt jumped at the fasted quarterly pace in 20 years - jumped to $16.9 trillion
  • The Comical: At least one car per day crashes into a 7 Eleven out of 100 daily storefront crashes
  • The Head Scratcher: Where are the workers in NYC
  • What Went On 

    • Inflation - 0.5% on the month 6.4% on the year

    The US is on track to add 19 trillion in new debt over 10 years
    Single family housing starts nosedive and building permits tumble
    Ohio chemical spill

    • Win of the WeekAirBnB on it’s first profitable quarter
    • Time MachineCompany earnings transcripts
    • Quote of the Week“We live in a time that the Golden Age sci-fi storytellers from the 1930s to the 1960s could have only dreamed about, and yet, if you polled the average person on the street, most would tell you that things aren’t looking good. There’s the stat – according to a 2021 Pew Survey, 68% of Americans believe their children will not be better off than they are.” - Packy McCormick


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