2min chapter

All-In with Chamath, Jason, Sacks & Friedberg cover image

E96: Adobe acquires Figma for $20B, TPB SPAC, FedEx CEO's recession warning, macro picture & more

All-In with Chamath, Jason, Sacks & Friedberg

CHAPTER

FedEx Is Saying We're in a Global Recession

The stock market Cratered a few days ago. It's like the worst day in the stock market I think maybe all year or certainly since june we're almost towards the june lows Uh, now this uh, FedEx executive is saying we're headed for global recession. So it seems to me that that the economic news is just pretty grim here. We're in stagflation the fat us to keep raising interest rates At the same time that we have persistent eye Chronic inflation and you have to wonder what percentage of this rec has to do with the russian invasion of ukraine?

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