$16 Trillion and Counting: The Index Fund Turns 50 Years Old
Science and tech headlines: England ended all pandemic-related safety restrictions today. The British tabloids are calling it “Freedom Day,” but Rebecca and John don't see it quite the same way. China was the only country to see continued growth in robotics in 2020. News items: Floods in Germany have killed 200 people and hundreds more are still missing. John and Rebecca discuss how the tragedy, and the larger specter of climate change, could influence Germany’s upcoming elections. A report by the American Association for Public Opinion Research finds that the 2020 polls were worse than in any election cycle since 1980 – John calls BS. With Fed Chair Jay Powell’s term ending in 2022, Biden must decide whether to reappoint him, or to bow to progressive pressure, and nominate someone who will be tougher on banks. John and Rebecca explain why they’re on “Team Powell” and why the Fed Chair’s role is so tricky. The index fund turns fifty this month! At $16 trillion, and growing, passive investing is making some Wall Street giants even bigger, and that may pose a problem. Rebecca explains the history of the index fund and what it means when she says that active fund managers are now “the underdog.” Learn more about your ad-choices at https://www.iheartpodcastnetwork.com