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E58: November's CPI, preparing for a downturn, macro outlook, Better.com's botched layoffs & more
All-In with Chamath, Jason, Sacks & Friedberg
Keeping Interest Rates Low Is a First Derivative Balancing
The fact that we've kept interest rates low have allowed policy makers to say, you know what? The cost of debt for this government is zero. And by cancelling those market signals, it seemed like we had a free for all at the government level to keep spending. So if people now have overspended and are overlevered once again, and rates go up, it's going to get really ugly really fast. It could be a real disaster scenario in five osees. By the way, no, yo. This is more like 19 29 catagia. We can't come to balance where the growth can outtaste the inflation?"
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