How COVID Changed Money Forever w/ Felix Salmon

Are financial norms changing post-COVID? In this episode, Josh chats with with Felix Salmon, Chief Financial Correspondent at Axios and host of Slate Money. They dive into Felix's unconventional journey from studying art history to becoming a prominent financial journalist. The discussion explores Felix's insights from his book, The Phoenix Economy, examining how the COVID-19 pandemic has radically altered work, life, and financial landscapes.

Josh and Felix analyze the significance of the bond market as a vital indicator of economic health, contrasting it with the more volatile stock market. They also discuss the evolving dynamics of residential and commercial real estate in the wake of the pandemic, including the increasing demand for home offices and the risks associated with commercial property investments.

The conversation shifts to the rise of meme stocks and their reflection of a generational shift in investment strategies. Felix shares his views on the ethical concerns surrounding donor advised funds (DAFs), questioning whether financial advisors should profit from managing charitable funds. The episode concludes with a debate on New York City's congestion pricing and its broader economic implications.

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