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Episode 597: We're Short America

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Episode 597: We're Short America

Trade

Episode 597: We're Short America

Episode 597: We're Short America

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  • <iframe src="https://www.npr.org/player/embed/378851598/378960763" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">
  • Transcript
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We bet against this. Quoctrung Bui/NPR hide caption

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Quoctrung Bui/NPR

We bet against this.

Quoctrung Bui/NPR

If you own a house, stock, bonds, or a retirement account, you're betting that things are going to get better — that the lines on the chart will keep going up.

Historically, this is a reasonable bet. But you can place a bet in the opposite direction. You can make a bet that things will go down: a short. For example, if you short Apple stock and the stock price drops, you make money. While all the normal shareholders are consoling themselves, you can celebrate. But for the most part, people don't do it. Experts warn us that we shouldn't either.

Today on the show, we ignore the advice of some very smart people, and we put our own money down on a bet against something people love. We short America.

Music: Royal Teeth's "Wild." Find us: Twitter/ Facebook/ Spotify/ Tumblr.