A company called upstart, which was kind of the darling of maybe six, eight months ago, and has lost 90 % of its value. The question that i pay most attention to is, inflation's going to come down, and then it's all about how hot can the economy run give incurring capacity. Much hinges on what's happening in china, obviously, what fraction of the chinese economy will be locked down.
Felix and Mihir discuss the turmoil in financial markets and how best to respond as an investor or a corporate executive. Is it time to panic? What is the longer-term outlook for the economy? Will the Federal Reserve be able to tame inflation without causing a recession? They also discuss the fate of Upstart, an AI-supported lending platform. The former Wall Street darling lost much of its value, seemingly overnight. Can Upstart recover? Are we really better off with more consumer credit?