Welcome back to Fintech Takes. Diehard listeners may remember my first and second audiobook experiments. By popular demand, here’s a third.
I’m turning my recent deep dive, “A Crisis of Confidence: This Has Happened Before,” into a podcast episode for your listening pleasure(s).
I wrote it back in May after attending Emerge, the Financial Health Network’s annual event, where wandering around and talking with people inspired me to wonder whether the U.S. has ever experienced a strong economy and a pessimistic population before?
It has.
The 1970s produced the same split between the data and consumer sentiment, and the closer you look, the more specific the parallels get (people saved and got punished for it, then borrowed when saving stopped working, then gambled once borrowing ran out too).
But there’s one place the two decades don’t rhyme, and it’s the regulatory response.
Stick around after the audio essay. I come back with an updated take on what’s changed since May, plus a new thought about financial bubbles I haven’t written up yet (but plan to soon!).
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