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E84: Markets update, crypto collapse, Russia/Ukraine endgame, state of the podcast
All-In with Chamath, Jason, Sacks & Friedberg
Is Gas Prices Going to Change the Economy?
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Gas prices right now are the biggest concern. Unless you can get gas prices under control, that always always has a massive impact on spending,. which drives a recessionary cycle. The average automo automobile in the us. Lasts for 12 years. That's how often people change out their cars. So that's eight % of the fleet being changed per year. Interest rates for auto loans have spiked like crazy now with the change in the fed rates. And as a result, the a delinquency on auto loane portfolios has spiked like crazy. I think thi's actually one of the silver linings coming out of this, has people might actually stop buying as many s u vs.
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