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E137: Inflation cools, market rips, Ripple/MSFT beat regulators, NATO summit, cocktails of youth
All-In with Chamath, Jason, Sacks & Friedberg
The Consumer's Driving Force in the US Economy
Is this the last hurrah summer? People consumers are going to need to get back to work in September because it seems like the credit card debts going up. The interesting thing about consumer demand is that it snaps back very quickly, so there's this weird dynamic where folks have a base level of spending and They use an amount of debt to basically subsidize that.
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