October 31, 2024 • 24 mins
Host of “How to Money” on KFI Joel Larsgaard joins the show to discuss Goldman Sachs saying the market will return 3% over the next decade, working more increases lifetime earnings, and Black Friday coming up quickly. The history of trick-or-treating and how old Is too old to trick-or-treat? Joining Beverly Hills and Coronado in rebelling against state housing rules: this blue-collar city.
Mark as Played
Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:01):
You're listening to Bill Handle on demand from KFI AM
six forty on a Thursday morning, October twenty twenty thirty one.
Why does it say twenty four on this? And I
don't know why you put that on there? It's October
thirty one. Okay, Halloween, there you go. Oh and by
(00:27):
the way, Amy, that news report that you did during
your break and that is you started with Starbucks is
offering something they haven't offered before.
Speaker 2 (00:39):
And I almost came in with like good tasting.
Speaker 3 (00:43):
Coffee ouch a zinga.
Speaker 1 (00:48):
Yeah, okay, I'm not a big fan of Starbucks.
Speaker 2 (00:53):
You can tell.
Speaker 1 (00:55):
Okay, Joe Larsguard how to Money and Joel has heard
every single Sunday twelve to two pm.
Speaker 2 (01:03):
His social address is how to Money. Joel Morning, Joel Morning.
Speaker 3 (01:08):
They do overroast those beans.
Speaker 2 (01:09):
Bill. I'm with you, I know it's a little bitter.
I just don't like it.
Speaker 1 (01:12):
So I'm an espresso fan with mine espresso machine, and
I think Neil also does an espresso machine.
Speaker 3 (01:19):
I'm with you guys on that. I like the espresso too.
Speaker 2 (01:22):
Excellent.
Speaker 1 (01:22):
All right, it looks like looks like this soft landing
actually has arrived.
Speaker 4 (01:29):
Your take, Yeah, I mean it sure looks like when
you look at all the numbers, you're looking at full employment,
you're looking at inflation having come down significantly, And so
are we in some sort of ideal like perfect Goldilock scenario.
I don't know, we might be like it's still I
think a little too early to fully say that it'd
(01:49):
sign off and say that it's this soft landing that
we all dreamed of, But I think in many ways
that's where we're headed.
Speaker 1 (01:55):
Okay, So with that being sad, I mean that's kind
of neat that we have soft landing. I mean, we
averted another big recession, and that's that was what everybody
is everybody was hoping for, and it looks like it worked.
Speaker 4 (02:12):
Now you're comparing us to like the other developed economies
around the world, that we are head and shoulders doing
better economically than any of the rest of those countries.
Speaker 1 (02:21):
Yeah, one of the things you'll notice, and we you know, politically,
is stock market tanking. The economy doing horrible is sort
of off the table now in terms of what's being said.
Speaker 2 (02:34):
So that's that tells us something. Okay.
Speaker 1 (02:37):
Now, Goldman Sachs says the market is going to return
three percent over the next decade.
Speaker 2 (02:44):
That's kind of terrible, isn't it.
Speaker 3 (02:46):
Yeah, it is.
Speaker 4 (02:47):
I mean, it's one of those predictions that you're like,
if that's actually true, that's not good news. But kind
of what Goldman Sax is saying here is that is
one of the likely scenarios because the stock market has
been on this incredible run up for so many years now.
Twenty twenty two was like an aberration, and the COVID
dip was something that certainly impacted people, but man, it
(03:09):
was short lived. And so we've had this incredible bull
market for a long period of time, and Goldman Sachs
is saying that there's going to be some sort of
reversion to the mean, and so we're going to see
stock returns diminished greatly over the coming decade. But these
are like man predictions. Everybody's got one. And you look
at predictions at the beginning of the year about what
the stock market was going to do, and everybody was
(03:31):
way off, like they were way too low, they were
way too pessimistic, and the stock market has massively outperformed.
I think the average prediction at the beginning of the
year was that we were going to see like a
two or three percent gain something like that. That was
the average prediction, and we've been writing basically a twenty
three percent increase in the market over the course of
this year. So the predictors, they don't always know what's up.
Speaker 1 (03:51):
Yeah, and if you buy into the market a fund
that is across the board, you did just great and
you were pretty smart, to say the least.
Speaker 2 (04:02):
A quick word about.
Speaker 1 (04:04):
The anticipation and how people look at the economy and
how it's aberrational is.
Speaker 2 (04:12):
There are people who.
Speaker 1 (04:15):
Have entered the economic world with interest rates that are
so low to three percent that perception is completely skewed
because now, for example, in mortgage for mortgage money, we're
at a reasonable amount that heretofore would go, Okay, this
is about what it should be and are we still
(04:37):
reeling in terms of interest rates?
Speaker 4 (04:40):
So I do think interest rates are still there's still
kind of a shocking reality to them for people who
live through the fairly extensive three percent interest rate era
on mortgages. Granted immense saving these accounts are next to
nothing too, and so you just can't have it the
best of all worlds. At the same time, I think
we are You're right, like from a historical perspective, interest
(05:03):
rates have normalized, but we're looking at kind of recent
memory and it still seems I think shocking to a
lot of people, and a lot of like housing economists
have predicted, and I think they're probably right that once
rates tick back down into from like they're right in
the seven percent range right now, once they take back
down into the five and a quarter five and a
half range, I think that's when maybe memory fades a
(05:25):
little bit and people are more willing to kind of
sell their house to move up, to make a change,
even if they have a low locked in rate, just
because it's like, hey, it's time for me to move.
I need to upgrade, I need to downgrade, whatever I
need to do. Now that rates are at least closer
to what I was used to from you know, the five, six,
seven years ago, now I'm going to be willing to
make that move.
Speaker 2 (05:45):
Yeah, kind of crazy.
Speaker 1 (05:46):
All right, let's take a break, and I want to
talk a little bit about working more and how.
Speaker 2 (05:54):
Well, as you said, this is not rocket science.
Speaker 1 (05:57):
And we have Black Friday coming up, so that's kind.
Speaker 3 (06:01):
Of neat everybody's favorite holiday.
Speaker 1 (06:04):
So Joel, Black Friday is just around the corner. Black Friday,
well a month from now. Maybe Black Friday is the
day after Thanksgiving when people would go line up at
six am to the stores, and like Christmas and Halloween
and other holidays, everything starts in February, now, right.
Speaker 3 (06:24):
That's exactly right.
Speaker 4 (06:25):
Yeah, you mentioned old Black Friday is this one date,
and that is technically true, but there's in a sense,
Black Friday has become this season and it's been extended.
And remember it used to be that you had to
get out of your warm bed the day after Thanksgiving
and wake up and get somewhere at five am and
put your hand on a television or something like that
for three hours in order to score the deal, and
(06:47):
the deals were limited. But now retailers everywhere have said, no, no,
we're going to turn this into a multi week long event.
And Walmart just kind of announced that there's going to
be three distinct phases to their Black Friday plan. The
deals are going to start like November eleventh. And I
kind of feel two ways about Black Friday. I think
in some ways, it can be a great time if
(07:08):
you are planning. I mean, most people are planning on
buying gifts for someone they love or for a few
people they love. It can be a great time to
buy the thing that you were going to buy for
less money than you otherwise would have spent. And that
is a good thing, you're saving money. But then there's
also this Black Friday mentality that I think seeps into
a lot of people, and it's like, got.
Speaker 3 (07:24):
To buy all the stuff? How do I stock up
for myself?
Speaker 4 (07:27):
And just because it's fifty or sixty percent off, people
are buying more than they've actually budgeted for.
Speaker 3 (07:32):
So she's just got to be careful about that.
Speaker 1 (07:34):
Yeah. And the problem, I think, the big problem with
Black Friday going and extending over into several days at
least is the joys of the news coverage where you
have usually women. Of course that's a misogynist fighting over
a single item and punching each other and grabbing God,
(07:56):
you know, how.
Speaker 2 (07:57):
Do we go back to that?
Speaker 1 (07:59):
Yeah?
Speaker 3 (07:59):
You miss the state huh?
Speaker 2 (08:01):
Yeah, I really do.
Speaker 1 (08:02):
When people are lined up and they go through the
glass doors because there's so many people jamming against them, and.
Speaker 3 (08:09):
It does make for some good videos.
Speaker 2 (08:11):
Yeah.
Speaker 1 (08:11):
And by the way, why would you even do Black
Friday when there's so much happening on the internet for example,
Prime Day that you have on Amazon on Amazon Prime
and those it was one day, then it was two days, then.
Speaker 2 (08:26):
It's sort of Prime Week.
Speaker 1 (08:28):
I mean, it just it loses all of its impact,
isn't it.
Speaker 3 (08:33):
It does it does?
Speaker 4 (08:34):
I mean, yeah, if it's not just this one single
day to get the best deal. In some ways, I'm
glad for that though, because man, it was just such
a pain in the butt that it was the day
after Thanksgiving, and I think a lot of people were
tired of that. So, yeah, there are more days to
get your deals, but I think you need to plan
accordingly in order to get the best price on stuff
that you're looking for. But I also love the fact
that people can plan ahead and say, Okay, cool, here's
(08:55):
a couple of days I'm going to shop. Here are
the things on my list. I'm going to see if
I can find a better deal. And don't just pay
attention to one store. Don't just pay attention to Walmart
or Amazon or Target. There are other places out there too,
And there are great websites out there to help you.
I love slick deals and deal News, So slick deals is.
Speaker 3 (09:12):
This great one.
Speaker 4 (09:13):
And if there are things that you're that are on
your radar as gifts to buy. You can even put
deal alerts in for slick deals, and so they'll kind
of notify you, hey, the price dropped on this thing
you're looking to buy, whether it's a pair of headphones or.
Speaker 3 (09:25):
A suitcase, whatever it is. And I love that kind
of notification.
Speaker 4 (09:29):
So that way you don't have to be like actively
pursuing and feel like you're shopping all the time. The
one thing you want, you put it in, you get
the notifications, and you know what, win, The price has
gotten down into kind of the realm you're looking for.
Speaker 1 (09:40):
You know, there was a website and I don't know
if it's still around, Wolf for Wolts or wool Wolf's
or whatever, that every day they would have some kind
of insane deal and you had to grab it immediately.
Speaker 2 (09:53):
Are they still Are they still around?
Speaker 3 (09:55):
Yeah?
Speaker 4 (09:55):
So that's woot dot com and it was purchased by
Amazon a few years back, so now it's essentially just
one the discount arm of Amazon. And yeah, they saw
it's funny, you said, one deal. Yeah, that's the way
it started. Now they've got dozens and dozens of deals
every day in different categories. So Woo's another place to look.
You might be getting something that's refurbished, which you definitely
(10:16):
need to pay attention to. But yeah, that is definitely
one of the deal sites that's that's worth considering. But again,
it's one of those things where if you're just going
there to hunt for things that are that are like discounted,
you're gonna find a lot of stuff.
Speaker 3 (10:28):
Is it actually stuff you need?
Speaker 4 (10:29):
And that's where I think that kind of mindset of
I'm going to be perusing all these discount places could
lead to spending more than you more than you planned on.
Speaker 1 (10:39):
Yeah, on the refurbishment you just I thought about this,
and that is does it make sense to buy a
refurbished piece of equipment from the manufacture if they have
a plan. I would think the uh, you've got the
warranty is good, and I would think that's.
Speaker 2 (10:57):
A great idea.
Speaker 4 (10:58):
Yeah, no, you're spot on, But what you said there
was really key from the manufacturer. And there are a
lot of third party places where you can get some
sort of refurbished item.
Speaker 3 (11:07):
And it might hold up, it might be good, but
the problem is you don't have the same warranty.
Speaker 4 (11:12):
Like let's say you're buying a refurbished iPhone from Apple
versus buying it from another seller. Well, Apple typically warranties
it in the same way that they warranty of brand
new phone, so they're standing behind the product. So if
you have an issue, you have a place to turn.
But if you're buying it from another website, you might
have a thirty day warranty or something like that. So
(11:33):
you need to pay attention to that because I've had
friends buy stuff recently and they were like, yeah, that
didn't hold up. I had to return it. And if
you don't find out in enough time, if you don't
realize that, hey, something's messed up with the phone, then
you're stuck with it. And so yeah, I think buying
refurbished can make sense. It can save you a lot
of money, but getting it from the manufacturer's ideal.
Speaker 1 (11:51):
All right, We'll catch you on Sunday twelve to two
here on KFI and you can reach Joel. The website
is at how to Money Joel, or at least social address.
Speaker 2 (12:04):
Have a good one. Enjoy Halloween. Are you dressing up tonight?
Speaker 3 (12:07):
Oh?
Speaker 4 (12:08):
Of course, yeah, I mean probably like the man in
the yellow hat. I think that's what I'm going.
Speaker 2 (12:11):
As, So you're gonna wear a yellow hat.
Speaker 3 (12:14):
Yeah, curious, George, Man, huh, I'm really.
Speaker 2 (12:19):
Talking to you.
Speaker 3 (12:19):
That's why it works.
Speaker 5 (12:20):
You don't know that reference, Bill, I do not the
man in the yellow hat, I do not.
Speaker 3 (12:26):
Huh.
Speaker 2 (12:27):
Yeah. Okay, all right, thanks.
Speaker 3 (12:32):
Joel, Thanks Bill?
Speaker 1 (12:33):
All right, catch over the weekend now talking about Halloween.
All right, let's do it the history of ticker sheeting
before we do that real quickly.
Speaker 2 (12:43):
I know An gives tons of candy out. I know
Neil gives candy out.
Speaker 1 (12:48):
Amy.
Speaker 2 (12:48):
Do you give candy out right?
Speaker 3 (12:51):
I would, but I don't have any kids in my neighborhood.
Speaker 2 (12:53):
Okay, good and kono you do or don't?
Speaker 3 (12:58):
Now I live in a blue zone. They're all one hundred.
Speaker 2 (13:00):
Okay, excellent.
Speaker 1 (13:01):
So here's what I'm doing this Halloween, and just I
came up with this, and I think it's absolutely brilliant.
I am going to give Halloween kits to kids where
you've got an apple and then separately a packaged razor
blade so they can do it themselves.
Speaker 2 (13:20):
It's our Halloween kit that I can give.
Speaker 3 (13:25):
You know what.
Speaker 5 (13:26):
I'm going to make a point to set aside an
hour or so to drive to your place and egg
your house.
Speaker 1 (13:32):
Yeah, and that's what people used to do. Well, let
me give you a little bit of history of trick
or treating. It has become sacred here in the US.
So let's go through the history for a moment. The origins, Now,
historians we really don't know, but some say the origins
of kids bagging neighbors for food.
Speaker 2 (13:52):
What a shocker that one is.
Speaker 1 (13:54):
Goes back to Celtic celebrations, even long lost Christmas custom, which,
of course the Christian stole a lot of or used
a lot of the pagan holidays to create Christian holidays. Now,
the phrase trick or treat actually just goes back to
the nineteen twenties when Halloween pranks trick or treat actually
(14:16):
set entire cities on edge, like egging house, right, or yeah,
toilet paper, which is kind of neat, you know, I mean,
that's not the end of the world. Egging your house
is worse king your car. Boy, there's a trick, isn't
it that special? So Halloween is actually thought to date
back more than two thousand years to something called sam
(14:39):
Hayne or sam Haine, a Celtic now salen.
Speaker 2 (14:44):
Yeah, okay, thank you.
Speaker 3 (14:45):
It's Celtic, not Celtic. That's okay, Celtic.
Speaker 1 (14:48):
Yeah, you're right, all right, Yeah, if you go to
you go to Dublin, you go to Trinity College.
Speaker 2 (14:53):
It's the Book of Kels. You're right, it's Celtic. Anyway,
that day fell on November one. Thanks for correcting me.
Across the board. Demons, fairy spirits of the dead.
Speaker 1 (15:05):
Were thought to walk the earth, and so they kill
bonfires and set out gifts of food like Buddhist do,
hoping to win the favor of the spirits of the
dead who had died in the last year. And they
disguised themselves, put on costumes so the spirits of the
dead would not recognize them. That's kind of bizarre. So
(15:28):
salo wyn sam Win. How do you pronounce that neil?
Speaker 5 (15:31):
Some people say sam hayne, but the original pronunciation is sown.
Speaker 1 (15:36):
Yeah, because you go back that far. Okay, I'll do
sam Hane only because you're doing it the other way.
Speaker 2 (15:43):
Okay.
Speaker 1 (15:44):
So sam Hain now in the seventh century becomes All
Saints' Day or all Hallow's Eve, which of course became
hallow Ween. And where did the US get Halloween? It
was Europeans the immigrants brought Halloween to the United States
because it was Europe, and the celebration actually became popular
(16:07):
in the eighteen hundreds when Irish American immigration exploded and
what their folk customs were with the Irish and their beliefs.
What they did is merge existing agricultural traditions like taking
grain and fermenting it into alcohol and getting stinking drunk,
(16:28):
which they still tend to do in the modern age
celebrating Halloween, and over the years it evolved into a
holiday for kids who dress up as ghosts what.
Speaker 2 (16:41):
Their ancestors actually feared.
Speaker 1 (16:44):
So if you go back to the fifth edition of
Holiday Symbols and Customs, which is a book as early
as the sixteenth century, it was customary in England for
those who were poor to go begging on All Souls Day,
or to set up their musical instruments on the corner
(17:06):
and put the cases there so you'd beg for money
or stick out the sign on the corner will work
for food. Of course, anyway, children eventually took over the
custom and at that time it was popular to give
kids cakes with little crosses on them, called soul cakes,
in exchange for prayers and that's where we get crossbuns, right, Neil,
(17:30):
with a little.
Speaker 2 (17:31):
Cross on top.
Speaker 5 (17:33):
Hot cross buns.
Speaker 2 (17:34):
Yeah, Hot cross buns. Yeah.
Speaker 1 (17:36):
Also, if you been around for a while and you
participated in amphetamine use, which I did when I was much,
much younger, there were little crosses on these white little pills,
and those were religious in nature.
Speaker 2 (17:51):
I just thought i'd bring that.
Speaker 3 (17:52):
We called them crosstops.
Speaker 2 (17:55):
Oh they didn't.
Speaker 1 (17:55):
I didn't know that speed was actually I called them
speed but okay, they had the little crosses. In any case,
Lisa Warton Rose were a book A Trick or Treat,
a History of Halloween. So she's an expert on this,
and she actually traces one of the earliest mentions in
modern era and the typical Halloween celebration. Queen Victoria wrote
(18:16):
a letter about spending Halloween around a bonfire in Scotland,
and that was eighteen sixty nine.
Speaker 2 (18:25):
And here's a fun one.
Speaker 1 (18:26):
And then I'm going to come back and I'm going
to finish this, and then we're going to go around
and start talking asking a question before we finish it up.
Speaker 2 (18:33):
Oh and I'm taking phone calls by the way, too,
And I'll explain that in a few minutes for handle
on the law.
Speaker 1 (18:38):
A popular eighteenth and nineteenth century Christmas custom called bell snickling. Now, Neil,
you know all the holidays, do you know about bell snickling?
And this is legitimate.
Speaker 3 (18:51):
It does not ring a bell, sir, okay?
Speaker 1 (18:53):
Bell snickling Eastern areas of the US and Canada similar
to trick or treating, and groups of costume folks would
go from house to house to perform small tricks in
exchange for food and drink.
Speaker 2 (19:09):
They would go and bell snick.
Speaker 1 (19:12):
And beg for food, which, by the way, people still
do on street corners and hold up signs will work
for food, also known as bell snickling.
Speaker 2 (19:26):
I don't know if that's true or not. Probably not.
Speaker 1 (19:30):
In the nineteenth century, tricks like rattling windows tying door
shut were made to look as though supernatural forces were
at play, and some people offered candy as a way
to protect their homes.
Speaker 2 (19:46):
Well, those tricks were.
Speaker 1 (19:49):
Getting sort of out of hand, and by the early
twentieth century some property owners even began to fight back,
which is while that's shotguns became wildly popular at that time.
Speaker 2 (20:03):
And those pranks actually gave.
Speaker 1 (20:06):
Rise to the use of the phrase trick or treat.
Now trick or treating big time became popular widespread.
Speaker 2 (20:15):
After World War.
Speaker 1 (20:16):
Two, rationing ended candy available suburban neighborhoods easier for kids
to travel from house to house. And then we go
back to the nineteen fifties. There we had Halloween imagery merchandising.
Now it was getting professional. The holiday became more consumer oriented.
(20:36):
Costumes went from simple homemade ghosts, pirates, hoboes to mass
produced costumes TV movie characters and Neil and Amy. If
I remember, I mean the last few years, all these
little costumes for these little girls were all sexually oriented.
Did you notice that for a period of time you
(20:59):
could not get costume for a little girl that you know,
little red riding whore, I mean the garters, I mean
all of it. It was just so sexual. Well, I
think now you can get ballerinas, and you can get
costumes that are not sexual.
Speaker 2 (21:17):
And here's what happened.
Speaker 1 (21:21):
Adults found it far easier to give these individually wrapped
candies other than apples or nuts, or homemade little cakes
or cookies, because the fear and these were all urban
myths of candy being poisoned apples with the razorblazing them,
which is great fun to talk about. None of that happened.
(21:43):
So the most popular treat, by the way, real quickly.
In the United States, Neil most popular treat, like candy?
Speaker 2 (21:53):
Yeah, candy. What's the most popular candy? Hand it out?
Speaker 3 (21:58):
Snickers?
Speaker 2 (21:59):
Okay? Amy most popular treat.
Speaker 3 (22:01):
Well, you know what, I think it's Reese's.
Speaker 5 (22:04):
But this these nerds gummy clusters are storm okay.
Speaker 1 (22:11):
Cono most popular, Twis Amy is right on Reese's.
Speaker 2 (22:16):
Peanut buttercups.
Speaker 1 (22:19):
The most popular candy handed out. The least popular candy
handed out candy corn. Everybody hates candy corn, and yet
they hand out candy corn.
Speaker 2 (22:34):
And then you have kids, you know that.
Speaker 1 (22:36):
God, I remember candy corn and someone when I was
trigg or treating, someone handed me a packet of handy corn.
I said, you know, I'd rather have an apple with
a razor blade in it. I mean it is that bad.
Oh man? Okay, night yeah, tonight Halloween, and we're uh,
(22:57):
it'll be done. Thank goodness. We don't have the music anymore,
the kids won't be around.
Speaker 2 (23:02):
And we're done.
Speaker 1 (23:03):
Back to our regular programming. Certainly in terms of the
music that Cono plays right right, all right, end of
the show, starting right at nine o'clock as I lock
out taking phone calls for Handle on the Law eight
seven seven five to zero eleven fifty. And I'm doing
(23:25):
this off the air, and as I said before, it
goes very very quickly because we don't have commercials. There
are no breaks, there's no news. We don't do whether
we just do that or I just do the phone calls,
and there's no patience, which is really.
Speaker 2 (23:42):
Important if you've ever listened to Hand Along the Law.
Speaker 1 (23:45):
So that's coming right up off the air just a
few minutes after I say goodbye, and the number is
eight seven seven five to zero eleven fifty.
Speaker 2 (23:54):
We're back again tomorrow. Amy comes aboard at five o'clock
with wake up Call.
Speaker 1 (24:00):
And the rest of us that's kneeling me. Okay, that's
the rest of us. We're here from six to nine
with Amy, and of course Kono and A are part
of the program. I think, all right, we are you
are yes, wow, Okayween.
Speaker 2 (24:18):
Halloween Trick or Treat. You've been listening to the Bill
Handle Show.
Speaker 1 (24:23):
Catch My show Monday through Friday, six am to nine am,
and anytime on demand on the iHeartRadio app,
You're listening to Bill Handle on demand from KFI AM
six forty on a Thursday morning, October twenty twenty thirty one.
Why does it say twenty four on this? And I
don't know why you put that on there? It's October
thirty one. Okay, Halloween, there you go. Oh and by
(00:27):
the way, Amy, that news report that you did during
your break and that is you started with Starbucks is
offering something they haven't offered before.
Speaker 2 (00:39):
And I almost came in with like good tasting.
Speaker 3 (00:43):
Coffee ouch a zinga.
Speaker 1 (00:48):
Yeah, okay, I'm not a big fan of Starbucks.
Speaker 2 (00:53):
You can tell.
Speaker 1 (00:55):
Okay, Joe Larsguard how to Money and Joel has heard
every single Sunday twelve to two pm.
Speaker 2 (01:03):
His social address is how to Money. Joel Morning, Joel Morning.
Speaker 3 (01:08):
They do overroast those beans.
Speaker 2 (01:09):
Bill. I'm with you, I know it's a little bitter.
I just don't like it.
Speaker 1 (01:12):
So I'm an espresso fan with mine espresso machine, and
I think Neil also does an espresso machine.
Speaker 3 (01:19):
I'm with you guys on that. I like the espresso too.
Speaker 2 (01:22):
Excellent.
Speaker 1 (01:22):
All right, it looks like looks like this soft landing
actually has arrived.
Speaker 4 (01:29):
Your take, Yeah, I mean it sure looks like when
you look at all the numbers, you're looking at full employment,
you're looking at inflation having come down significantly, And so
are we in some sort of ideal like perfect Goldilock scenario.
I don't know, we might be like it's still I
think a little too early to fully say that it'd
(01:49):
sign off and say that it's this soft landing that
we all dreamed of, But I think in many ways
that's where we're headed.
Speaker 1 (01:55):
Okay, So with that being sad, I mean that's kind
of neat that we have soft landing. I mean, we
averted another big recession, and that's that was what everybody
is everybody was hoping for, and it looks like it worked.
Speaker 4 (02:12):
Now you're comparing us to like the other developed economies
around the world, that we are head and shoulders doing
better economically than any of the rest of those countries.
Speaker 1 (02:21):
Yeah, one of the things you'll notice, and we you know, politically,
is stock market tanking. The economy doing horrible is sort
of off the table now in terms of what's being said.
Speaker 2 (02:34):
So that's that tells us something. Okay.
Speaker 1 (02:37):
Now, Goldman Sachs says the market is going to return
three percent over the next decade.
Speaker 2 (02:44):
That's kind of terrible, isn't it.
Speaker 3 (02:46):
Yeah, it is.
Speaker 4 (02:47):
I mean, it's one of those predictions that you're like,
if that's actually true, that's not good news. But kind
of what Goldman Sax is saying here is that is
one of the likely scenarios because the stock market has
been on this incredible run up for so many years now.
Twenty twenty two was like an aberration, and the COVID
dip was something that certainly impacted people, but man, it
(03:09):
was short lived. And so we've had this incredible bull
market for a long period of time, and Goldman Sachs
is saying that there's going to be some sort of
reversion to the mean, and so we're going to see
stock returns diminished greatly over the coming decade. But these
are like man predictions. Everybody's got one. And you look
at predictions at the beginning of the year about what
the stock market was going to do, and everybody was
(03:31):
way off, like they were way too low, they were
way too pessimistic, and the stock market has massively outperformed.
I think the average prediction at the beginning of the
year was that we were going to see like a
two or three percent gain something like that. That was
the average prediction, and we've been writing basically a twenty
three percent increase in the market over the course of
this year. So the predictors, they don't always know what's up.
Speaker 1 (03:51):
Yeah, and if you buy into the market a fund
that is across the board, you did just great and
you were pretty smart, to say the least.
Speaker 2 (04:02):
A quick word about.
Speaker 1 (04:04):
The anticipation and how people look at the economy and
how it's aberrational is.
Speaker 2 (04:12):
There are people who.
Speaker 1 (04:15):
Have entered the economic world with interest rates that are
so low to three percent that perception is completely skewed
because now, for example, in mortgage for mortgage money, we're
at a reasonable amount that heretofore would go, Okay, this
is about what it should be and are we still
(04:37):
reeling in terms of interest rates?
Speaker 4 (04:40):
So I do think interest rates are still there's still
kind of a shocking reality to them for people who
live through the fairly extensive three percent interest rate era
on mortgages. Granted immense saving these accounts are next to
nothing too, and so you just can't have it the
best of all worlds. At the same time, I think
we are You're right, like from a historical perspective, interest
(05:03):
rates have normalized, but we're looking at kind of recent
memory and it still seems I think shocking to a
lot of people, and a lot of like housing economists
have predicted, and I think they're probably right that once
rates tick back down into from like they're right in
the seven percent range right now, once they take back
down into the five and a quarter five and a
half range, I think that's when maybe memory fades a
(05:25):
little bit and people are more willing to kind of
sell their house to move up, to make a change,
even if they have a low locked in rate, just
because it's like, hey, it's time for me to move.
I need to upgrade, I need to downgrade, whatever I
need to do. Now that rates are at least closer
to what I was used to from you know, the five, six,
seven years ago, now I'm going to be willing to
make that move.
Speaker 2 (05:45):
Yeah, kind of crazy.
Speaker 1 (05:46):
All right, let's take a break, and I want to
talk a little bit about working more and how.
Speaker 2 (05:54):
Well, as you said, this is not rocket science.
Speaker 1 (05:57):
And we have Black Friday coming up, so that's kind.
Speaker 3 (06:01):
Of neat everybody's favorite holiday.
Speaker 1 (06:04):
So Joel, Black Friday is just around the corner. Black Friday,
well a month from now. Maybe Black Friday is the
day after Thanksgiving when people would go line up at
six am to the stores, and like Christmas and Halloween
and other holidays, everything starts in February, now, right.
Speaker 3 (06:24):
That's exactly right.
Speaker 4 (06:25):
Yeah, you mentioned old Black Friday is this one date,
and that is technically true, but there's in a sense,
Black Friday has become this season and it's been extended.
And remember it used to be that you had to
get out of your warm bed the day after Thanksgiving
and wake up and get somewhere at five am and
put your hand on a television or something like that
for three hours in order to score the deal, and
(06:47):
the deals were limited. But now retailers everywhere have said, no, no,
we're going to turn this into a multi week long event.
And Walmart just kind of announced that there's going to
be three distinct phases to their Black Friday plan. The
deals are going to start like November eleventh. And I
kind of feel two ways about Black Friday. I think
in some ways, it can be a great time if
(07:08):
you are planning. I mean, most people are planning on
buying gifts for someone they love or for a few
people they love. It can be a great time to
buy the thing that you were going to buy for
less money than you otherwise would have spent. And that
is a good thing, you're saving money. But then there's
also this Black Friday mentality that I think seeps into
a lot of people, and it's like, got.
Speaker 3 (07:24):
To buy all the stuff? How do I stock up
for myself?
Speaker 4 (07:27):
And just because it's fifty or sixty percent off, people
are buying more than they've actually budgeted for.
Speaker 3 (07:32):
So she's just got to be careful about that.
Speaker 1 (07:34):
Yeah. And the problem, I think, the big problem with
Black Friday going and extending over into several days at
least is the joys of the news coverage where you
have usually women. Of course that's a misogynist fighting over
a single item and punching each other and grabbing God,
(07:56):
you know, how.
Speaker 2 (07:57):
Do we go back to that?
Speaker 1 (07:59):
Yeah?
Speaker 3 (07:59):
You miss the state huh?
Speaker 2 (08:01):
Yeah, I really do.
Speaker 1 (08:02):
When people are lined up and they go through the
glass doors because there's so many people jamming against them, and.
Speaker 3 (08:09):
It does make for some good videos.
Speaker 2 (08:11):
Yeah.
Speaker 1 (08:11):
And by the way, why would you even do Black
Friday when there's so much happening on the internet for example,
Prime Day that you have on Amazon on Amazon Prime
and those it was one day, then it was two days, then.
Speaker 2 (08:26):
It's sort of Prime Week.
Speaker 1 (08:28):
I mean, it just it loses all of its impact,
isn't it.
Speaker 3 (08:33):
It does it does?
Speaker 4 (08:34):
I mean, yeah, if it's not just this one single
day to get the best deal. In some ways, I'm
glad for that though, because man, it was just such
a pain in the butt that it was the day
after Thanksgiving, and I think a lot of people were
tired of that. So, yeah, there are more days to
get your deals, but I think you need to plan
accordingly in order to get the best price on stuff
that you're looking for. But I also love the fact
that people can plan ahead and say, Okay, cool, here's
(08:55):
a couple of days I'm going to shop. Here are
the things on my list. I'm going to see if
I can find a better deal. And don't just pay
attention to one store. Don't just pay attention to Walmart
or Amazon or Target. There are other places out there too,
And there are great websites out there to help you.
I love slick deals and deal News, So slick deals is.
Speaker 3 (09:12):
This great one.
Speaker 4 (09:13):
And if there are things that you're that are on
your radar as gifts to buy. You can even put
deal alerts in for slick deals, and so they'll kind
of notify you, hey, the price dropped on this thing
you're looking to buy, whether it's a pair of headphones or.
Speaker 3 (09:25):
A suitcase, whatever it is. And I love that kind
of notification.
Speaker 4 (09:29):
So that way you don't have to be like actively
pursuing and feel like you're shopping all the time. The
one thing you want, you put it in, you get
the notifications, and you know what, win, The price has
gotten down into kind of the realm you're looking for.
Speaker 1 (09:40):
You know, there was a website and I don't know
if it's still around, Wolf for Wolts or wool Wolf's
or whatever, that every day they would have some kind
of insane deal and you had to grab it immediately.
Speaker 2 (09:53):
Are they still Are they still around?
Speaker 3 (09:55):
Yeah?
Speaker 4 (09:55):
So that's woot dot com and it was purchased by
Amazon a few years back, so now it's essentially just
one the discount arm of Amazon. And yeah, they saw
it's funny, you said, one deal. Yeah, that's the way
it started. Now they've got dozens and dozens of deals
every day in different categories. So Woo's another place to look.
You might be getting something that's refurbished, which you definitely
(10:16):
need to pay attention to. But yeah, that is definitely
one of the deal sites that's that's worth considering. But again,
it's one of those things where if you're just going
there to hunt for things that are that are like discounted,
you're gonna find a lot of stuff.
Speaker 3 (10:28):
Is it actually stuff you need?
Speaker 4 (10:29):
And that's where I think that kind of mindset of
I'm going to be perusing all these discount places could
lead to spending more than you more than you planned on.
Speaker 1 (10:39):
Yeah, on the refurbishment you just I thought about this,
and that is does it make sense to buy a
refurbished piece of equipment from the manufacture if they have
a plan. I would think the uh, you've got the
warranty is good, and I would think that's.
Speaker 2 (10:57):
A great idea.
Speaker 4 (10:58):
Yeah, no, you're spot on, But what you said there
was really key from the manufacturer. And there are a
lot of third party places where you can get some
sort of refurbished item.
Speaker 3 (11:07):
And it might hold up, it might be good, but
the problem is you don't have the same warranty.
Speaker 4 (11:12):
Like let's say you're buying a refurbished iPhone from Apple
versus buying it from another seller. Well, Apple typically warranties
it in the same way that they warranty of brand
new phone, so they're standing behind the product. So if
you have an issue, you have a place to turn.
But if you're buying it from another website, you might
have a thirty day warranty or something like that. So
(11:33):
you need to pay attention to that because I've had
friends buy stuff recently and they were like, yeah, that
didn't hold up. I had to return it. And if
you don't find out in enough time, if you don't
realize that, hey, something's messed up with the phone, then
you're stuck with it. And so yeah, I think buying
refurbished can make sense. It can save you a lot
of money, but getting it from the manufacturer's ideal.
Speaker 1 (11:51):
All right, We'll catch you on Sunday twelve to two
here on KFI and you can reach Joel. The website
is at how to Money Joel, or at least social address.
Speaker 2 (12:04):
Have a good one. Enjoy Halloween. Are you dressing up tonight?
Speaker 3 (12:07):
Oh?
Speaker 4 (12:08):
Of course, yeah, I mean probably like the man in
the yellow hat. I think that's what I'm going.
Speaker 2 (12:11):
As, So you're gonna wear a yellow hat.
Speaker 3 (12:14):
Yeah, curious, George, Man, huh, I'm really.
Speaker 2 (12:19):
Talking to you.
Speaker 3 (12:19):
That's why it works.
Speaker 5 (12:20):
You don't know that reference, Bill, I do not the
man in the yellow hat, I do not.
Speaker 3 (12:26):
Huh.
Speaker 2 (12:27):
Yeah. Okay, all right, thanks.
Speaker 3 (12:32):
Joel, Thanks Bill?
Speaker 1 (12:33):
All right, catch over the weekend now talking about Halloween.
All right, let's do it the history of ticker sheeting
before we do that real quickly.
Speaker 2 (12:43):
I know An gives tons of candy out. I know
Neil gives candy out.
Speaker 1 (12:48):
Amy.
Speaker 2 (12:48):
Do you give candy out right?
Speaker 3 (12:51):
I would, but I don't have any kids in my neighborhood.
Speaker 2 (12:53):
Okay, good and kono you do or don't?
Speaker 3 (12:58):
Now I live in a blue zone. They're all one hundred.
Speaker 2 (13:00):
Okay, excellent.
Speaker 1 (13:01):
So here's what I'm doing this Halloween, and just I
came up with this, and I think it's absolutely brilliant.
I am going to give Halloween kits to kids where
you've got an apple and then separately a packaged razor
blade so they can do it themselves.
Speaker 2 (13:20):
It's our Halloween kit that I can give.
Speaker 3 (13:25):
You know what.
Speaker 5 (13:26):
I'm going to make a point to set aside an
hour or so to drive to your place and egg
your house.
Speaker 1 (13:32):
Yeah, and that's what people used to do. Well, let
me give you a little bit of history of trick
or treating. It has become sacred here in the US.
So let's go through the history for a moment. The origins, Now,
historians we really don't know, but some say the origins
of kids bagging neighbors for food.
Speaker 2 (13:52):
What a shocker that one is.
Speaker 1 (13:54):
Goes back to Celtic celebrations, even long lost Christmas custom, which,
of course the Christian stole a lot of or used
a lot of the pagan holidays to create Christian holidays. Now,
the phrase trick or treat actually just goes back to
the nineteen twenties when Halloween pranks trick or treat actually
(14:16):
set entire cities on edge, like egging house, right, or yeah,
toilet paper, which is kind of neat, you know, I mean,
that's not the end of the world. Egging your house
is worse king your car. Boy, there's a trick, isn't
it that special? So Halloween is actually thought to date
back more than two thousand years to something called sam
(14:39):
Hayne or sam Haine, a Celtic now salen.
Speaker 2 (14:44):
Yeah, okay, thank you.
Speaker 3 (14:45):
It's Celtic, not Celtic. That's okay, Celtic.
Speaker 1 (14:48):
Yeah, you're right, all right, Yeah, if you go to
you go to Dublin, you go to Trinity College.
Speaker 2 (14:53):
It's the Book of Kels. You're right, it's Celtic. Anyway,
that day fell on November one. Thanks for correcting me.
Across the board. Demons, fairy spirits of the dead.
Speaker 1 (15:05):
Were thought to walk the earth, and so they kill
bonfires and set out gifts of food like Buddhist do,
hoping to win the favor of the spirits of the
dead who had died in the last year. And they
disguised themselves, put on costumes so the spirits of the
dead would not recognize them. That's kind of bizarre. So
(15:28):
salo wyn sam Win. How do you pronounce that neil?
Speaker 5 (15:31):
Some people say sam hayne, but the original pronunciation is sown.
Speaker 1 (15:36):
Yeah, because you go back that far. Okay, I'll do
sam Hane only because you're doing it the other way.
Speaker 2 (15:43):
Okay.
Speaker 1 (15:44):
So sam Hain now in the seventh century becomes All
Saints' Day or all Hallow's Eve, which of course became
hallow Ween. And where did the US get Halloween? It
was Europeans the immigrants brought Halloween to the United States
because it was Europe, and the celebration actually became popular
(16:07):
in the eighteen hundreds when Irish American immigration exploded and
what their folk customs were with the Irish and their beliefs.
What they did is merge existing agricultural traditions like taking
grain and fermenting it into alcohol and getting stinking drunk,
(16:28):
which they still tend to do in the modern age
celebrating Halloween, and over the years it evolved into a
holiday for kids who dress up as ghosts what.
Speaker 2 (16:41):
Their ancestors actually feared.
Speaker 1 (16:44):
So if you go back to the fifth edition of
Holiday Symbols and Customs, which is a book as early
as the sixteenth century, it was customary in England for
those who were poor to go begging on All Souls Day,
or to set up their musical instruments on the corner
(17:06):
and put the cases there so you'd beg for money
or stick out the sign on the corner will work
for food. Of course, anyway, children eventually took over the
custom and at that time it was popular to give
kids cakes with little crosses on them, called soul cakes,
in exchange for prayers and that's where we get crossbuns, right, Neil,
(17:30):
with a little.
Speaker 2 (17:31):
Cross on top.
Speaker 5 (17:33):
Hot cross buns.
Speaker 2 (17:34):
Yeah, Hot cross buns. Yeah.
Speaker 1 (17:36):
Also, if you been around for a while and you
participated in amphetamine use, which I did when I was much,
much younger, there were little crosses on these white little pills,
and those were religious in nature.
Speaker 2 (17:51):
I just thought i'd bring that.
Speaker 3 (17:52):
We called them crosstops.
Speaker 2 (17:55):
Oh they didn't.
Speaker 1 (17:55):
I didn't know that speed was actually I called them
speed but okay, they had the little crosses. In any case,
Lisa Warton Rose were a book A Trick or Treat,
a History of Halloween. So she's an expert on this,
and she actually traces one of the earliest mentions in
modern era and the typical Halloween celebration. Queen Victoria wrote
(18:16):
a letter about spending Halloween around a bonfire in Scotland,
and that was eighteen sixty nine.
Speaker 2 (18:25):
And here's a fun one.
Speaker 1 (18:26):
And then I'm going to come back and I'm going
to finish this, and then we're going to go around
and start talking asking a question before we finish it up.
Speaker 2 (18:33):
Oh and I'm taking phone calls by the way, too,
And I'll explain that in a few minutes for handle
on the law.
Speaker 1 (18:38):
A popular eighteenth and nineteenth century Christmas custom called bell snickling. Now, Neil,
you know all the holidays, do you know about bell snickling?
And this is legitimate.
Speaker 3 (18:51):
It does not ring a bell, sir, okay?
Speaker 1 (18:53):
Bell snickling Eastern areas of the US and Canada similar
to trick or treating, and groups of costume folks would
go from house to house to perform small tricks in
exchange for food and drink.
Speaker 2 (19:09):
They would go and bell snick.
Speaker 1 (19:12):
And beg for food, which, by the way, people still
do on street corners and hold up signs will work
for food, also known as bell snickling.
Speaker 2 (19:26):
I don't know if that's true or not. Probably not.
Speaker 1 (19:30):
In the nineteenth century, tricks like rattling windows tying door
shut were made to look as though supernatural forces were
at play, and some people offered candy as a way
to protect their homes.
Speaker 2 (19:46):
Well, those tricks were.
Speaker 1 (19:49):
Getting sort of out of hand, and by the early
twentieth century some property owners even began to fight back,
which is while that's shotguns became wildly popular at that time.
Speaker 2 (20:03):
And those pranks actually gave.
Speaker 1 (20:06):
Rise to the use of the phrase trick or treat.
Now trick or treating big time became popular widespread.
Speaker 2 (20:15):
After World War.
Speaker 1 (20:16):
Two, rationing ended candy available suburban neighborhoods easier for kids
to travel from house to house. And then we go
back to the nineteen fifties. There we had Halloween imagery merchandising.
Now it was getting professional. The holiday became more consumer oriented.
(20:36):
Costumes went from simple homemade ghosts, pirates, hoboes to mass
produced costumes TV movie characters and Neil and Amy. If
I remember, I mean the last few years, all these
little costumes for these little girls were all sexually oriented.
Did you notice that for a period of time you
(20:59):
could not get costume for a little girl that you know,
little red riding whore, I mean the garters, I mean
all of it. It was just so sexual. Well, I
think now you can get ballerinas, and you can get
costumes that are not sexual.
Speaker 2 (21:17):
And here's what happened.
Speaker 1 (21:21):
Adults found it far easier to give these individually wrapped
candies other than apples or nuts, or homemade little cakes
or cookies, because the fear and these were all urban
myths of candy being poisoned apples with the razorblazing them,
which is great fun to talk about. None of that happened.
(21:43):
So the most popular treat, by the way, real quickly.
In the United States, Neil most popular treat, like candy?
Speaker 2 (21:53):
Yeah, candy. What's the most popular candy? Hand it out?
Speaker 3 (21:58):
Snickers?
Speaker 2 (21:59):
Okay? Amy most popular treat.
Speaker 3 (22:01):
Well, you know what, I think it's Reese's.
Speaker 5 (22:04):
But this these nerds gummy clusters are storm okay.
Speaker 1 (22:11):
Cono most popular, Twis Amy is right on Reese's.
Speaker 2 (22:16):
Peanut buttercups.
Speaker 1 (22:19):
The most popular candy handed out. The least popular candy
handed out candy corn. Everybody hates candy corn, and yet
they hand out candy corn.
Speaker 2 (22:34):
And then you have kids, you know that.
Speaker 1 (22:36):
God, I remember candy corn and someone when I was
trigg or treating, someone handed me a packet of handy corn.
I said, you know, I'd rather have an apple with
a razor blade in it. I mean it is that bad.
Oh man? Okay, night yeah, tonight Halloween, and we're uh,
(22:57):
it'll be done. Thank goodness. We don't have the music anymore,
the kids won't be around.
Speaker 2 (23:02):
And we're done.
Speaker 1 (23:03):
Back to our regular programming. Certainly in terms of the
music that Cono plays right right, all right, end of
the show, starting right at nine o'clock as I lock
out taking phone calls for Handle on the Law eight
seven seven five to zero eleven fifty. And I'm doing
(23:25):
this off the air, and as I said before, it
goes very very quickly because we don't have commercials. There
are no breaks, there's no news. We don't do whether
we just do that or I just do the phone calls,
and there's no patience, which is really.
Speaker 2 (23:42):
Important if you've ever listened to Hand Along the Law.
Speaker 1 (23:45):
So that's coming right up off the air just a
few minutes after I say goodbye, and the number is
eight seven seven five to zero eleven fifty.
Speaker 2 (23:54):
We're back again tomorrow. Amy comes aboard at five o'clock
with wake up Call.
Speaker 1 (24:00):
And the rest of us that's kneeling me. Okay, that's
the rest of us. We're here from six to nine
with Amy, and of course Kono and A are part
of the program. I think, all right, we are you
are yes, wow, Okayween.
Speaker 2 (24:18):
Halloween Trick or Treat. You've been listening to the Bill
Handle Show.
Speaker 1 (24:23):
Catch My show Monday through Friday, six am to nine am,
and anytime on demand on the iHeartRadio app,
The Bill Handel Show News
Popular Podcasts
Stuff You Should Know
If you've ever wanted to know about champagne, satanism, the Stonewall Uprising, chaos theory, LSD, El Nino, true crime and Rosa Parks, then look no further. Josh and Chuck have you covered.
Dateline NBC
Current and classic episodes, featuring compelling true-crime mysteries, powerful documentaries and in-depth investigations. Follow now to get the latest episodes of Dateline NBC completely free, or subscribe to Dateline Premium for ad-free listening and exclusive bonus content: DatelinePremium.com
Las Culturistas with Matt Rogers and Bowen Yang
Ding dong! Join your culture consultants, Matt Rogers and Bowen Yang, on an unforgettable journey into the beating heart of CULTURE. Alongside sizzling special guests, they GET INTO the hottest pop-culture moments of the day and the formative cultural experiences that turned them into Culturistas. Produced by the Big Money Players Network and iHeartRadio.