The Rational Reminder Podcast | Kyla Scanlon: In This Economy? | Rational Reminder 320 @rationalreminder | Uploaded August 2024 | Updated October 2024, 17 hours ago.
Meet with PWL Capital: calendly.com/d/cpws-jyp-znp
Have you ever wondered how vibes can shape the economy? Or how the economy differs from financial markets? Or even how meme stocks operate? In this episode, we dive into the intersection of economic theory, social media, and public sentiment with Kyla Scanlon, an insightful economic commentator known for her relatable approach to explaining complex economic concepts. Kyla is a prolific content creator and founder of the financial education company, Bread. She produces a weekly newsletter, informative YouTube videos, the Let’s Appreciate Podcast, and (almost) daily short-form videos that break down complex economic concepts into engaging, bite-sized content. She’s also the author of In This Economy?: How Money & Markets Really Work, an indispensable guide to the “mad math and terrible terminology” of economics. Join us as we explore her unique vibecession concept, discuss the impact of social media-driven market movements, examine the housing crisis through the lens of generational wealth transfer and zoning laws, and much more. As Kyla explains it, economics isn't just about numbers. It’s about the stories we tell and how they influence the world around us. For a fun, fascinating, and highly accessible look at the state of the economy today, don’t miss this conversation with one of the internet’s favorite financial educators!
Timestamps:
0:00:00 Intro
0:04:03 Kyla defines economics
0:06:02 How vibes affect the economy
0:11:33 How inflation expectations affect vibes and the economy
0:14:36 What people get wrong about housing
0:22:42 Kyla identifies the distinction between the stock market and the economy
0:25:50 Kyla explains why, or how, markets became a meme
0:29:49 Where Kyla thinks crypto went wrong
0:36:56 Kyla defines a "Vibecession"
0:42:16 Why the Fed exists
0:52:45 How social media affects people's vibes
0:53:46 Kyla's biggest learnings from talking to people about economics
0:58:15 Kyla defines success in her life
Links From Today’s Episode:
Rational Reminder on Apple Podcasts — podcasts.apple.com/ca/podcast/the-rational-reminder-podcast/id1426530582
Rational Reminder Website — rationalreminder.ca
Rational Reminder on Instagram — instagram.com/rationalreminder
Rational Reminder on X — https://x.com/RationalRemind
Rational Reminder on YouTube — youtube.com/@rationalreminder
Rational Reminder Email — info@rationalreminder.ca
Benjamin Felix — pwlcapital.com/author/benjamin-felix
Benjamin on X — https://x.com/benjaminwfelix
Benjamin on LinkedIn — linkedin.com/in/benjaminwfelix
Cameron Passmore — pwlcapital.com/profile/cameron-passmore
Cameron on X — https://x.com/CameronPassmore
Cameron on LinkedIn — linkedin.com/in/cameronpassmore
Mark McGrath on LinkedIn — linkedin.com/in/markmcgrathcfp
Mark McGrath on X — https://x.com/MarkMcGrathCFP
Meet with PWL Capital: calendly.com/d/cpws-jyp-znp
Have you ever wondered how vibes can shape the economy? Or how the economy differs from financial markets? Or even how meme stocks operate? In this episode, we dive into the intersection of economic theory, social media, and public sentiment with Kyla Scanlon, an insightful economic commentator known for her relatable approach to explaining complex economic concepts. Kyla is a prolific content creator and founder of the financial education company, Bread. She produces a weekly newsletter, informative YouTube videos, the Let’s Appreciate Podcast, and (almost) daily short-form videos that break down complex economic concepts into engaging, bite-sized content. She’s also the author of In This Economy?: How Money & Markets Really Work, an indispensable guide to the “mad math and terrible terminology” of economics. Join us as we explore her unique vibecession concept, discuss the impact of social media-driven market movements, examine the housing crisis through the lens of generational wealth transfer and zoning laws, and much more. As Kyla explains it, economics isn't just about numbers. It’s about the stories we tell and how they influence the world around us. For a fun, fascinating, and highly accessible look at the state of the economy today, don’t miss this conversation with one of the internet’s favorite financial educators!
Timestamps:
0:00:00 Intro
0:04:03 Kyla defines economics
0:06:02 How vibes affect the economy
0:11:33 How inflation expectations affect vibes and the economy
0:14:36 What people get wrong about housing
0:22:42 Kyla identifies the distinction between the stock market and the economy
0:25:50 Kyla explains why, or how, markets became a meme
0:29:49 Where Kyla thinks crypto went wrong
0:36:56 Kyla defines a "Vibecession"
0:42:16 Why the Fed exists
0:52:45 How social media affects people's vibes
0:53:46 Kyla's biggest learnings from talking to people about economics
0:58:15 Kyla defines success in her life
Links From Today’s Episode:
Rational Reminder on Apple Podcasts — podcasts.apple.com/ca/podcast/the-rational-reminder-podcast/id1426530582
Rational Reminder Website — rationalreminder.ca
Rational Reminder on Instagram — instagram.com/rationalreminder
Rational Reminder on X — https://x.com/RationalRemind
Rational Reminder on YouTube — youtube.com/@rationalreminder
Rational Reminder Email — info@rationalreminder.ca
Benjamin Felix — pwlcapital.com/author/benjamin-felix
Benjamin on X — https://x.com/benjaminwfelix
Benjamin on LinkedIn — linkedin.com/in/benjaminwfelix
Cameron Passmore — pwlcapital.com/profile/cameron-passmore
Cameron on X — https://x.com/CameronPassmore
Cameron on LinkedIn — linkedin.com/in/cameronpassmore
Mark McGrath on LinkedIn — linkedin.com/in/markmcgrathcfp
Mark McGrath on X — https://x.com/MarkMcGrathCFP
