The Julia La Roche Show | The Troubling Disconnect Between Main Street & Wall Street | Peter Atwater @TheJuliaLaRocheShow | Uploaded August 2023 | Updated October 2024, 1 day ago.
In episode 91, Julia La Roche is joined by Peter Atwater, an adjunct professor of economics at William & Mary and author of "The Confidence Map: Charting a Path from Chaos to Clarity." Atwater explains how confidence is the true "invisible hand" in our economy, markets, and daily lives. He also expresses his worries about the divergent economy, where billionaire confidence is soaring while many people, not just in the US but also in other nations, feel left behind. Atwater was the first to share the concept of a K-shaped recovery in the economy.
Links:
The Confidence Map: amazon.com/Confidence-Map-Charting-Chaos-Clarity/dp/0593539559
Twitter: twitter.com/Peter_Atwater
LinkedIn: linkedin.com/in/peter-atwater-08467034
Peter’s website: peteratwater.com
0:00 Intro / Background
2:48 Psychology of investor decision-making and economic decision-making
3:35 Behavioral economists typically focus on what we do wrong
4:30 The role of confidence
6:40 Confidence Quadrant framework
10:00 Application of the Confidence Quadrant on macro/micro level
13:00 Executives discussing AI
14:47 Investors are in the “comfort zone” on the Confidence Quadrant
15:35 The K-shaped recovery
17:48 If markets were to price in Main Street sentiment they would considerably lower
18:30 Two different sets of moods and preferences
20:30 Assessment of the current state of America today
24:00 Evaluating consumer confidence and the 2016 election
28:00 Gen Z’s confidence?
31:00 Millennials’ sentiment
33:00 Real life moves us around
35:00 Music and the mood
38:00 Taylor Swift phenomenon
39:30 Peak confidence?
40:30 Mania in the Magnificent Seven
41:15 Passive investing puts investors in the “passenger seat”
44:00 Elon Musk is the “Kevin Bacon” of every popular investment theme
47:20 Media is the “mirror of mood”
50:30 Why confidence is the real “invisible hands”
53:00 Best indicator of an upcoming recession
55:00 Bidenomics is another sentiment indicator
#economy #stockmarket #recession
In episode 91, Julia La Roche is joined by Peter Atwater, an adjunct professor of economics at William & Mary and author of "The Confidence Map: Charting a Path from Chaos to Clarity." Atwater explains how confidence is the true "invisible hand" in our economy, markets, and daily lives. He also expresses his worries about the divergent economy, where billionaire confidence is soaring while many people, not just in the US but also in other nations, feel left behind. Atwater was the first to share the concept of a K-shaped recovery in the economy.
Links:
The Confidence Map: amazon.com/Confidence-Map-Charting-Chaos-Clarity/dp/0593539559
Twitter: twitter.com/Peter_Atwater
LinkedIn: linkedin.com/in/peter-atwater-08467034
Peter’s website: peteratwater.com
0:00 Intro / Background
2:48 Psychology of investor decision-making and economic decision-making
3:35 Behavioral economists typically focus on what we do wrong
4:30 The role of confidence
6:40 Confidence Quadrant framework
10:00 Application of the Confidence Quadrant on macro/micro level
13:00 Executives discussing AI
14:47 Investors are in the “comfort zone” on the Confidence Quadrant
15:35 The K-shaped recovery
17:48 If markets were to price in Main Street sentiment they would considerably lower
18:30 Two different sets of moods and preferences
20:30 Assessment of the current state of America today
24:00 Evaluating consumer confidence and the 2016 election
28:00 Gen Z’s confidence?
31:00 Millennials’ sentiment
33:00 Real life moves us around
35:00 Music and the mood
38:00 Taylor Swift phenomenon
39:30 Peak confidence?
40:30 Mania in the Magnificent Seven
41:15 Passive investing puts investors in the “passenger seat”
44:00 Elon Musk is the “Kevin Bacon” of every popular investment theme
47:20 Media is the “mirror of mood”
50:30 Why confidence is the real “invisible hands”
53:00 Best indicator of an upcoming recession
55:00 Bidenomics is another sentiment indicator
#economy #stockmarket #recession