Meteor, Upstart and by Now Pay Later

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Meteor: Upstart and by now pay later was a high flier that crashed to earth. He says the company's business model is to charge fees, but then lay off the loan on to a bank. But he believes credit should be seen as an investment rather than just for buying goods or services. meteor: A system that constrains people from having access to credit may not be the worst thing on the planet.

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?