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6min chapter
E80: Recession deep dive: VC psychology, macro risks, Tiger Global, predictions and more
All-In with Chamath, Jason, Sacks & Friedberg
Is There a Consumer Credit Bubble?
In the two thousand and eight financial crisis, the medium home price to meeti an income in the united states was five x. To day, it's seven x. The credit markets haven't tightened enough yet on the consumer's side that we may find ourselves in a really ugly consumer credit bubble. I don't think we, i likerr an issue in real estate, to be completely honest with you. But the practical issue to day is, i think, asset wealth destruction in the financial markets.
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