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TIP485: Market Updates, Ray Dalio Retiring, Elon Buying Twitter and Elemental Power w/ Josh Wolfe
We Study Billionaires - The Investor’s Podcast Network
Is There a Class Warfare Treadmill?
I think the big risk that I see is continued unemployment rather than under employment. And it happening with the middle class and sort of white collar crew that the layoffs occur there first. It's going to be this weird fight where in the attempt to fight inflation, you're putting poor people or the poorest back to work because they're the hardest hit. So what I imagine is I try to sort of speculatively, as I like to say that failure comes from a failure to imagine failure, what would happen? I think you could end up with a extreme left labor movement, something that is almost like a violent Jimmy Hoffa like character.
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