Why Credit Card Debt Doesn't Matter (Ep. 45)

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41 min
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As the team's Capital Markets Analyst, Jacob conducts market and investment research and assists in the development of business strategy to serve our clients more effectively.
August 16, 2023

On this week’s episode we discuss the $1 trillion credit card debt number and why that doesn’t matter, Andy Jassy’s 3 layers to generative AI and LLMs, forecasted AI investment over the next 3 decades, what could cause interest rates to continue higher, July CPI and shelter inflation, the continuously crazy jobs market, and how American’s home equity may keep the economy afloat.

Email us at laminatemoneypodcast@fjellcapital.com for questions or suggestions for future topics.

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Show Notes


Disney report earnings

The stock market is at it’s 10th best start EVER

Layers to LLMs

AI investment forecast to approach $200 billion globally

LK-99, what is that?


Why rates may go higher

Credit card debt sets new record at $1 trillion, and it doesn’t mean anything

  • Yes, but: Credit card debt is just 6% of the total deposits households have in the bank, which is around the lowest percentage in 20 years.

It’s inflation, but it’s different

Where Is Shelter Inflation Headed?

Jobs are still hot, but less hot


Americans are sitting on a ton of home equity

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