The Unwanted Art Boom
Summary
Slate Money hosts Felix Salmon, Emily Peck, and Elizabeth Spires discuss the "great art transfer," analyzing how Baby Boomers' massive art collections will flood the market and burden heirs with unwanted assets. The episode then shifts to global finance, examining Scott Bessent’s intervention to strengthen the yen and its implications for US Treasury yields and the carry trade. Finally, the hosts explore the "tyranny of weather apps," revealing how algorithms manipulate rain probabilities to manage user expectations and behavior.
Topics discussed
Intro, Slate Plus promo, and ad reads
The Boomer art inheritance crisis and museum burdens
Boomer consumerism, collecting habits, and vintage trends
Ad reads for Skylight and Vanguard
Scott Bessent's FX intervention and the Yen carry trade
Ad reads for AT&T and HeyGen
Weather app inaccuracies and the 'brolly' debate
Unitree humanoid robots and AI companions
Labor's share of national income hits record low
Top grossing movies all have colons in titles
Outro and final ad reads
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