Animal Spirits: Getting Rich Quick - A Wealth of Common Sense (2024)

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So far in 2022:
Energy Sector +39% vs S&P 500 -5%

Three reasons we see the Energy rally continuing:
1: Energy Security Re-Rating,
2: Portfolio Diversification/Hedge, &
3: Momentum Rotation

— Warren Pies (@WarrenPies) April 2, 2022

Two-year Treasuries now yield 0.7 points more than 10-years. You must go back to the early 1980s to find a wider spread for this closely watched indicator of future recession risk.$IEF $SPY pic.twitter.com/lbD29tOxIZ

— Nick Colas & Jessica Rabe (DataTrek) (@DataTrekMB) November 22, 2022

FOMC Minutes: It seems like a growing consensus that it's time to wait for data to reflect lagged impact of rapid tightening to date. Terminal rate debate is going on among the "various". Reality is - Fed won't know the terminal rate until its behind them.

— Kathy Jones (@KathyJones) November 23, 2022

Chart strongly suggests inflation in Germany was supply chain driven--not the result of monetary policy. So can ECB pause now with an eye towards continued improvement in supply chains? pic.twitter.com/ATRHyRlt0s

— Jeffrey Kleintop (@JeffreyKleintop) November 28, 2022

From @MorningstarInc Direct: Trailing 12-month flows for Active/Passive Mutual Funds/ETFs.

Notable:

1.) Active mutual funds are the outlier ($797 Bil in net outflows over TTM)
2.) Passive ETFs have gotten way out ahead of index mutual funds ($541 Bil more in net flows over TTM) pic.twitter.com/Sm88oIpC9i

— Ben Johnson, CFA (@MstarBenJohnson) November 22, 2022

Credit card debt is near pre-pandemic levels and this is the latest worry.

What they don't tell you is consumers are using only 21% of their total credit, well beneath the 24% avg pre-pandemic.

Also, household debt payments relative to income is near historically low levels. pic.twitter.com/2vR3ImaiYF

— Ryan Detrick, CMT (@RyanDetrick) November 23, 2022

Exotic car market is getting decimated right now.

2021 Mercedes G-Wagon with 3,378 miles just sold for $187K at auction.

that’s nearly an $80K (or 30%) drop in under 12 months.

— Car Dealership Guy (@GuyDealership) November 22, 2022

The one year price chart of #Solana has stretched my imagination and made me rethink everything I thought I knew about investing and markets and venture capital. Exciting and humbling. pic.twitter.com/D314Ym4QBp

— Coronado 'Porch' Lindzon (@howardlindzon) November 4, 2021

5/ As you can see, the majority of the outflows happened in Q4 2021. Things noticeably cool down after that.

To us, this is a sign that they took a huge hit as markets contracted in Q4.

As mindblowing as this might be: it's possible by the time Terra happened, they were broke.

— Lucas Nuzzi (@LucasNuzzi) November 22, 2022

Alameda's massive losses in 2021 indicates that the insolvency didn't just originate in the Luna blowup from
May of this year. https://t.co/Kt2RTBf9EO

— Doug Colkitt (@0xdoug) November 21, 2022

A LOT of people have asked me to do a thread on the $GBTC, Grayscale, DCG, Genesis situation but primarily with regard to GBTC. First off.. DCG & Genesis own a ton of GBTC. Almost 67 million shares as of 9/30/22. The bulk of that was added in the second quarter 2022. 1/X pic.twitter.com/4Vhccj4vkg

— James Seyffart (@JSeyff) November 23, 2022

Crypto companies currently in bankruptcy proceedings

3AC
Voyager
Celsius
FTX
BlockFi

Restructuring lawyers up big

— db (@tier10k) November 28, 2022

BlockFi's 4th largest creditor is the SEC, to whom the company owes $30m. I presume that's left over from the $100m fine and settlement it agreed to in Feb. 2022. pic.twitter.com/WVmbXXFXsd

— Jacob Silverman (@SilvermanJacob) November 28, 2022

Case Shiller 20 City M/M: -1.24%, Exp. -1.20%, Last -1.30%
Case Shiller 20 City Y/Y: 10.43%, Exp. 10.55%, Last 13.06%

— zerohedge (@zerohedge) November 29, 2022
— The Transcript (@TheTranscript_) November 28, 2022

Direct evidence of the decline in VC investment volumes: the unicorn birthrate has collapsed. pic.twitter.com/DcrbnzVJdH

— Brett Winton (@wintonARK) November 23, 2022

Here are six public companies that are now valued way below their total funding since inception 📉$ACAST $BRDS $ROO $RENT $GRAB $BGRY pic.twitter.com/tA8bjiQG16

— Quartr (@Quartr_App) November 23, 2022

IGER SAYS DISNEY PRIORITIES ARE PROFITABILITY AND TAKING HARD LOOK AT COST STRUCTURE -- TOWN HALL MEETING$DIS

— *Walter Bloomberg (@DeItaone) November 28, 2022

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Animal Spirits: Getting Rich Quick - A Wealth of Common Sense (2024)

FAQs

What does the idiom animal spirits mean? ›

exuberance arising from an excess of energy; vivacity and good humor: The children romped on the lawn, full of animal spirits.

What are the five animal spirits? ›

The authors identify five cognitive and social psychological core phenomena as the "animal spirits" (a term coined by Keynes): Confidence, corruption, money illusion, fairness, and stories.

How do you use animal spirits in a sentence? ›

We do need to fire up the financial animal spirits of our population. The animal spirits are bubbling up in the commercial property world. Even politicians' animal spirits can change eventually. In the spring, chancellors can tap more easily into the animal spirits.

What did Keynes think that the behavior of the economy in the short run was influenced by what he called animal spirits? ›

According to the theory behind animal spirits, the decisions of business leaders are based on intuition and the behavior of their competitors rather than on solid analysis. Keynes understood that in times of economic upheaval, irrational thoughts might influence people as they pursue their financial self-interests.

What is an animal spirit called? ›

Totem, in North American Indigenous cultures, a spirit or animal revered as sacred, that guides, helps, or protects individuals, lineages, and nations.

What is a synonym for animal spirits? ›

animal spirits (noun as in liveliness) Weak matches. bounce energy exuberance frolicsomeness life nervous spirits sportiveness spriteliness vitality vivacity zing.

What religion is animal spirits? ›

Animism (from Latin: anima meaning 'breath, spirit, life') is the belief that objects, places, and creatures all possess a distinct spiritual essence. Animism perceives all things—animals, plants, rocks, rivers, weather systems, human handiwork, and in some cases words—as being animated, having agency and free will.

What does the Bible say about the spirit of animals? ›

Many passages tell us that animals have souls:

They all have the same breath, and man has no advantage over the beasts, for all is vanity. All go to one place. All are from the dust, and to dust all return.

What is a good spirit animal? ›

10 Spirit Animals With Deep Meanings
  • Wolf - strength, loyalty, and freedom.
  • Elephant - wisdom, strength, and stability.
  • Owl - wisdom, intuition, and knowledge.
  • Bear - courage, strength, and protection.
  • Lion - power, courage, and leadership.
  • Deer - grace, gentleness, and new beginnings.
Feb 18, 2024

What is your animal spirit guide? ›

Many traditions believe that a spirit animal is an animal that stays with you for life, both in the physical world and in your spirit. Although people may identify with different animal guides throughout their lives, it is this spirit animal that acts as their primary guardian spirit.

How do you pick your spirit animal? ›

Finding Your Spirit Animal

Pay attention to what animals keep showing up in your life, whether as pets, imagery, or even in your dreams. Take note of any animals that act strangely or seem to be trying to communicate with you. Keep a journal to track which animals appear to you more than once.

What did Keynes believe would fix the economy during the Great Depression? ›

Keynes argued that expansionary fiscal policy represented the surest tool for bringing the economy back to full employment. The United States did not carry out such a policy until world war prompted increased federal spending for defense.

What was the main idea in Keynes theory? ›

The main plank of Keynes's theory, which has come to bear his name, is the assertion that aggregate demand—measured as the sum of spending by households, businesses, and the government—is the most important driving force in an economy.

How did Keynes fix the Great Depression? ›

The way to solve this problem, according to Keynes, was to increase government spending. The simple Keynesian model states that government spending adds to total demand, which adds more to production and more workers being hired.

Who coined the term animal spirits? ›

John Maynard Keynes coined the term “animal spirits” to refer to emotional mindsets. Confidence or lack of it can drive or hamper economic growth.

How do you know your animal spirit? ›

To find your kindred spirit animal, meditate and envision yourself in your favorite nature setting, whether forest, desert, or water. Notice which animals appear in your meditations or keep showing up in your life, art, or stories.

What is a spirit animal in urban dictionary? ›

“It is a guardian, a helper, a watchful eye and it is not new or recent if you understand a guardian angel.” In contrast, Urban Dictionary's top definition of a spirit animal reads, “A person or character that represents your inner personality.

Where does the term spirit animal come from? ›

The use of "spirit' animal" to refer to tutelary spirits was used by anthropologists in the early 20th-century in discussions of three specific people groups: the Chippewa, Fijians, and Melanesians. In Frances Densmore's Chippewa Music (1913), Densmore translates the Chippewa word "manido" as "spirit animal or bird".

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