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E84: Markets update, crypto collapse, Russia/Ukraine endgame, state of the podcast
All-In with Chamath, Jason, Sacks & Friedberg
Are We in a Recession?
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Consumer confidence just had the biggest drop, i think, in forty or 50 years. Only something like 24 % believes that the country's on the right track right now. Once people start to expect inflation, then businesses have to start operating as if theres canbe an inflation rate next year. And it's actually very hard to put the horse back in the barn. The fed is y more likely to overshoot on raising rates because if they really want to stop inflation now, they really have to slam on the brakes.
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