The Fed Thinks We'll Exit the Year at Four

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Consumer confidence is the lowest in ten years, and it's a leading indicator of slowing down. The bond market says that inflation is rolling over because this is the ten year less inflation. We've been saying this since may af last you. And so now we have anecdotal information about cars, about houses, about arlent. So again, everybody on television telling us about what just happened, it's like the nightly news, big red arrows, inflation going up. That's why i don't think you should believe the hyper inflation narrative.

This conversation was recorded LIVE at the All-In Summit in Miami and included slides. To watch on YouTube, check out our All-In Summit playlist: https://bit.ly/aisytplaylist

0:00 Bill Gurley & Brad Gerstner break down the state and historical significance of 2022's market downturn

12:27 How VCs will handle capital commitments from LPs, underwriting startups in the new reality

24:14 Bull run mistakes, why VCs don't underwrite lower valuations, handling distributions

33:52 Gurley's take on WeCrashed & Super Pumped TV series, how sophisticated investors got "gaslit" by the market, influx of capital creating consumer-surplus businesses

47:54 Brad predicts the market for next year, Bill gives post-Benchmark plans

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